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The Latest Breaking News from XAI

SpaceX will get off the ground – but a descent from a silly valuation must follow

Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity

The Guardian - UK

UK lawmaker Jess Asato says she is suing Elon Musk's company over fake Grok bikini images

A British lawmaker said she is suing Elon Musk's company xAI. Jess Asato alleges the Grok chatbot created fake images of her without consent. She filed a lawsuit in London seeking damages. Asato wants to hold AI companies accountable for harm caused by their systems. She hopes this action sets…

The Economic Times

Starmer ‘100% behind’ MP suing Elon Musk’s xAI over Grok images

Jess Asato has filed a High Court claim seeking accountability over design choices that allowed the AI tool to create fake images of her.

Evening Standard

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UK lawmaker says she is suing Elon Musk's company over fake Grok bikini images

A British lawmaker is suing Elon Musk’s company xAI for invasion of privacy

The Independent UK

Labour MP Jess Asato sues Elon Musk's xAI over deepfake bikini images in landmark UK AI lawsuit

British Labour MP Jess Asato is suing Elon Musk's xAI, alleging its Grok chatbot generated fake sexualised images of her. The High Court case could set a precedent for AI developer accountability, focusing on system design rather than solely user actions. This legal challenge arrives as governments worldwide grapple with…

The Times of India

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations

The Independent UK

SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.

France 24

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SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation

The SpaceX filing starts the timer on a hot IPO summer complete with two other highly anticipated IPOs: Anthropic and OpenAI.

Fortune

Affluent Trump officials may get richer with SpaceX IPO, among them-Steve Witkoff

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at…

The Economic Times

Labour MP sues Elon Musk’s xAI company over fake sexualised images

Jess Asato was portrayed wearing a bikini in Grok-generated images after she criticised creation of such non-consensual pictures

The Guardian - UK

SpaceX Aims To Be the Largest IPO Ever — But It Just Posted a $4.28 Billion Quarterly Loss

For many investors, the math isn't mathing on the SpaceX IPO. Here's what to know.

Barchart

Will SpaceX IPO make Elon Musk a trillionaire?

He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet's first trillionaire. Robinson said Musk could take on an "aura of God" for some people should he become the world's first trillionaire -- but…

The Economic Times

Elon Musk’s Grok destroyed the world after just four days in an AI simulation

The experiment saw other AI chatbots, like Anthropic’s Claude, set up stable democracies

The Independent UK

Michael Burry Calls Elon Musk-Nvidia AI Deal 'Fugazi' — Warns Retirees of Hidden Risks

Michael Burry criticises Nvidia and xAI for risky AI expansion tactics, potentially endangering US retirees' savings. How these strategies impact the AI industry and retirement funds.

International Business Times UK

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The Independent UK

SpaceX IPO: Stellar opportunity or an investing misfire?

Elon Musk’s AI and rockets company will launch on the stock market on 12 June

International Business Times UK

Elon Musk Sparks $2 Trillion IPO Panic After His Own Tweet Blows Hole in SpaceX and xAI Money Claims

Elon Musk's social media post has disrupted revenue assumptions for SpaceX and xAI, challenging a proposed $2 trillion valuation and highlighting uncertainties in AI.

Barchart

The SpaceX IPO Is a Bet That Retail Investors Love Elon Musk So Much They’ll Fund His Money-Losing Empire

The SpaceX IPO is an optical illusion hiding in plain sight.

Barchart

The 180-Day Lease Holding Up SpaceX's $2 Trillion IPO

SpaceX's reported $2 trillion valuation is being propped up by a 180-day lease to Anthropic.

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MarketBeat

Wall Street Is Starting to Talk About Tesla's Endgame

The Tesla-SpaceX merger thesis is more grounded than it sounds, and if it materialises, could be the most consequential corporate merger in history.

International Business Times UK

Elon Musk's SpaceX Will Buy Intel For $1 Trillion, Market Analysis Predicts

A $1T hypothetical SpaceX–Intel deal shows how owning chip factories could lock in AI power, underscoring semiconductors as tech's ultimate lever.

The Economic Times

Elon Musk defends AI ambitions as IPO reveals trouble

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back against mounting doubts after revelations that the supercomputing facilities built to power his own AI models are being rented out to a rival. It has also landed a Pentagon contract worth up to $200 million…

Fortune

SpaceX's $80 billion IPO has a catch: 78% of the money is already spoken for

Investors rushing into SpaceX's blockbuster IPO may not realize how little of the record-breaking raise will actually go toward the company's future.

MyLifeXP

Elon Musk's SPACE AI Data Centers: Genius or Dangerous Gamble?

IntroductionArtificial intelligence is quickly becoming one of the most influential technologies of the modern era. Behind every AI chatbot, image generator, and smart recommendation system lies an enormous amount of computing power. As the demand for AI grows, so does the need for larger and more advanced data centers. Elon…

International Business Times

SpaceX-Tesla Merger Talk Intensifies Ahead of Rocket Company's Nasdaq Debut

Elon Musk is about to take SpaceX public, and the move is reigniting speculation across Silicon Valley and Wall Street that his long-term goal may be to combine the company and Tesla into a single corporate empire.

Barchart

Tesla Has a SpaceX Stake and $890 Million in Related Revenue. The Upcoming SpaceX IPO Could Be a Major Win for TSLA Stock.

With Tesla holding a SpaceX stake and booking roughly $890 million in related revenue since 2023, investors must weigh the long-term strategic upside against potential near-term volatility as capital and attention shift toward the SpaceX IPO.

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