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The Latest Breaking News from XAI

SpaceX's stock market debut: Five risks investors need to know

SpaceX makes its Nasdaq debut this Friday in the largest flotation in history, but analysts warn that a sky-high valuation, weak shareholder rights and mounting losses could leave retail investors exposed.

Euronews

Grok Continues Hosting Sexualised Deepfakes of Famous Women Months After xAI Pledge: Report

An investigation reveals xAI's Grok platform still hosts explicit AI-generated content, raising concerns over its moderation and safety measures despite previous pledges to improve.

International Business Times UK

Musk's SpaceX set to make biggest-ever initial public offering on Wall Street

Elon Musk's space transport company SpaceX is set to begin trading on the US market on Friday with an offering of more than 555 million shares priced at at $135 each. The move is expected to place SpaceX in the top 10 of Wall Street's biggest companies and make Musk…

France 24

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SpaceX IPO: Updates and Commentary

The SpaceX IPO has come and gone, resulting in the largest offering ever. Here, Kiplinger reported on all things related to SPCX stock.

Kiplinger

US stocks: SpaceX to make historic listing on Nasdaq on Friday that could make Elon Musk a trillionaire

SpaceX is set to make history with the largest IPO ever on the Nasdaq, pricing shares at $135 each for a valuation nearing $1.8 trillion. This blockbuster debut could propel Elon Musk to trillionaire status, raising a record $75 billion. The offering, which includes Musk's xAI and X, is significantly…

The Economic Times

Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders

The winners of SpaceX's blockbuster IPO—valuing the company at $1.75 trillion—might not just be investors, but also the ones who welded the rockets.

Fortune

Gulf countries act as propellants for SpaceX IPO as billions flow in

Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be identified discussing confidential information. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the people said.

The Economic Times

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Musk's xAI accused of illegally firing engineer who raised safety concerns

Devin Kim, a former engineer at xAI, has launched a lawsuit alleging wrongful termination after he voiced serious concerns about the safety risks associated with the AI chatbot Grok. Kim contends that his proactive warnings put him in the crosshairs of the company, leading to his dismissal.

The Economic Times

Elon Musk’s $1.8 trillion SpaceX listing is no longer about space

SpaceX is still famous for rockets, but its filings show Elon Musk’s company is now spending more on AI infrastructure than launch and Starlink combined.

Newsroom.co.nz

Elon Musk's xAI and SpaceX Hit With Massive Lawsuit As 10,000 Residents Complain Of Losing 'Fundamental Peace'

Mississippi residents have filed a lawsuit against Elon Musk's xAI and SpaceX, claiming noise from a power plant has harmed their well-being and property values.

International Business Times UK

Elon Musk's xAI, SpaceX hit with class action over data center 'nuisance'

The lawsuit, made public on Tuesday in federal court in Oxford, Mississippi, claims Musk's companies negligently ‌failed to ⁠curb the ⁠disturbance and created a public nuisance through excessive and offensive noise. Three residents filed the case on behalf of a class estimated at more than 10,000 members.

The Economic Times

Why IPO valuations, SpaceX’s included, may not conclusively capture the current state of AI play

The AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies are seeking public funds to cover their significant expenses. Valuations are soaring, leading to questions about the AI bubble. Investors are being urged to be cautious as these tech giants aim to reshape…

The Economic Times

The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

Fortune

Starmer Blasts Elon Musk for 'Whipping Up Division' After Dying Teen Handcuffed and MP Targeted by Grok Rape AI

Keir Starmer has accused Elon Musk of 'interfering in our politics' over his posts about the killing of Henry Nowak, while backing a Labour MP's legal fight against Musk's Grok AI over alleged 'rape porn' images.

International Business Times UK

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Barchart

JPMorgan Just Dramatically Reversed Course on Tesla Because TSLA Stock Has Massive Physical AI Potential

A long-time Tesla bear just changed its tune, and the reason has almost nothing to do with cars.

International Business Times UK

Maye Musk Praises Elon's Extraordinary Talent as a Kid: 'I Called You My Encyclopedia'

Maye Musk praised her son Elon's recall in a viral X post, calling the billionaire her childhood 'encyclopedia' as his fortune nears £662bn ($834bn).

The Economic Times

Elon Musk Net Worth: From $788,800,000,000 today to a possible $1,000,000,000,000 after SpaceX IPO— How much would each of his 14 children get?

Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some projections tied to a potential SpaceX IPO suggest his wealth could eventually exceed $1 trillion if market valuations remain strong. It would represent the first time in modern…

International Business Times UK

Anthropic and Google Are Paying SpaceX $2.17 Billion Every Month — That's $26 Billion a Year

SpaceX has secured a $920 million monthly deal with Google for data-centre capacity, adding to its agreement with Anthropic in May, significantly boosting its revenue stream ahead of its record IPO.

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The Economic Times

SpaceX IPO gets Cryptocurrency touch. Here's how

SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it ‌is seeking to raise, said two people familiar with the matter on Friday.

International Business Times UK

Left in the Dust: How Elon Musk's New Fortune Will Eclipse Bezos, Ellison, Page and Brin Combined

Elon Musk is expected to become the world's first trillionaire if SpaceX floats at its predicted valuation, putting his paper wealth above the economies of most countries.

Euronews

Google rents SpaceX/AI supercomputers for $920M a month, ahead of IPO

Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.

AAP

Anthropic urges AI pause, sees risk of losing control

Anthropic says artificial intelligence could soon improve without human intervention and wants to co-ordinate a way to pause development of advanced AI systems.

Space

$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

International Business Times UK

SpaceX AI Revenue Could Hit $322 Billion by 2030 as Goldman Sachs Bets Big

Goldman Sachs predicts SpaceX's AI earnings will skyrocket, driving a $1.78 trillion valuation, as the company prepares for a historic public listing.

The Guardian - UK

New claimants seek to sue Elon Musk’s xAI after Labour MP’s test case

Jess Asato’s lawyer says others want to take action over demeaning sexualised material created by Grok AI tool

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