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The Latest Breaking News from XAI

SpaceX admits it can't find enough chips for orbital AI yet, requires 'significantly more than are currently available to us' — firm's risk factors in IPO paperwork also says ambitious TeraFab project may not be successful

SpaceX warns that it may not secure enough AI hardware to achieve its orbital AI ambitions even with supply from TeraFab. Also, Intel and Tesla may leave the TeraFab project.

Tom’s Hardware

'xAI Is Half The Age Of Anthropic, OpenAI Is Four Times Older': Elon Musk Dares Critics To Wait 3 Years

Elon Musk believes his company's AI model will be great and urged critics to wait three years to see where things stand relative to rival models.

International Business Times UK

Musk Pocketed More from America's War After Pushing a Fivefold Starlink Price Hike on the Pentagon

SpaceX and the Pentagon are at odds over Starlink pricing during the Iran conflict, highlighting the military's dependency on commercial satellite technology.

International Business Times UK

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SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns

InvestorPlace's Luke Lango argues the SpaceX IPO signals a broader AI empire play, naming RDW, HSAI, ARM, and CRWV as his top positioned stocks.

MarketBeat

Elon Musk’s best friend could make $100 billion on SpaceX. His firm is also owed billions

Antonio Gracias' Valor entities hold a massive SpaceX stake—and are on the other side of nearly $20 billion in AI hardware financing deals guaranteed by the company.

Fortune

Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets

Elon Musk's creation has essentially re-invented itself from a commercial space pioneer facing little competition, to an AI-centric player battling all the hyperscalers.

Fortune

Is Elon Musk the Richest Man in the World? Tesla CEO Set For Trillionaire Status As SpaceX Files Historic Market Debut

Elon Musk's SpaceX is set for a record-breaking IPO, potentially valuing the company at $1.75 trillion. This move could make Musk the world's first trillionaire, reshaping public markets.

International Business Times UK

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Trump cancels AI executive order over China fears

US president calls off plan to add safety guardrails amid pressure from Elon Musk and Mark Zuckerberg

The Independent UK

Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors

IPO filing from Elon Musk’s company reveals look at finances, cosmic ambitions and insight into tech empire’s quirks

The Guardian - US

‘It’s a Deliberate Feature’: Elon Musk’s Child’s Mother Spills the Tea About Grok, Revealing Dark Details About Its Working

They are currently training Grok to undress women better

The Mary Sue

Musk's SpaceX Files For Blockbuster IPO As Starlink Profits Offset Deep Company Losses

SpaceX has formally launched plans for a massive public stock offering, opening its financial records to investors for the first time and revealing a business generating billions in revenue while still losing heavily on operations.

International Business Times

Dear Future OpenAI Stock Investors, Mark Your Calendars for May 22

Wall Street is watching May 22 closely as OpenAI reportedly prepares for a potentially confidential IPO filing.

Barchart

Elon Musk Won't Get Paid His New SpaceX Bonus Until 1 Million People Move to Mars

Elon Musk's SpaceX bonus is contingent on achieving a $7.5 trillion valuation and establishing a permanent human colony on Mars with at least one million people, according to the company's IPO filing.

International Business Times UK

The main takeaways from Elon Musk’s plans for $1.75tn SpaceX flotation

Prospectus for tycoon’s sprawling empire reveals his plan to keep control – and ambition to colonise Mars

The Guardian - UK

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The Economic Times

Grok falls flat in Washington, undercutting SpaceX's AI growth story

SpaceX's AI chatbot Grok faces significant challenges gaining traction within the U.S. government. Federal agencies show a strong preference for competitors like OpenAI and Alphabet. This limited adoption raises questions about SpaceX's ambitious valuation and its projected AI market share. Grok's struggle in the government sector may also impact its…

Euronews

SpaceX IPO ready for launch as countdown begins for what could be the biggest ever listing

SpaceX plans a record-breaking IPO that could raise around $75 billion (€64.5bn) despite ongoing losses. The Elon Musk-led firm says funds will support Moon and Mars missions, while strong Starlink earnings contrast with losses in X and xAI.

The Economic Times

SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments

SpaceX's IPO filing shows deep financial links between Elon Musk's companies. Transactions include Cybertruck purchases and shared jets. Tesla invested in SpaceX, and they collaborate on chip manufacturing. AI infrastructure leases involve significant obligations. These disclosures highlight a complex network of operations across Musk's ventures ahead of a potential record…

France 24

Elon Musk eyes record-breaking Wall Street debut with SpaceX IPO

Elon Musk's SpaceX filed for a stock market debut on Wednesday that could become the largest IPO in history, seeking to raise up to $75 billion at a valuation of as much as $1.75 trillion, according to US media reports. Musk would remain CEO, CTO and chairman after the listing.

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news in one place.

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The Economic Times

SpaceX IPO filing lays bare losses and Elon Musk control as it stakes future on AI

SpaceX has filed for its IPO, revealing substantial losses in its artificial intelligence division. The company's future hinges on unproven technologies like space data centers. Starlink, its satellite internet service, remains the only profitable segment. The IPO could be the largest ever, valuing SpaceX at a record amount.

Fortune

Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

‘We do not want humans to have the same fate as dinosaurs,’ the prospectus reads.

International Business Times UK

Why is Anthropic Paying Elon Musk's SpaceX $1.25 Billion a Month? Inside The Massive Colossus Pact

Anthropic commits to a £980 million monthly deal with SpaceX for AI compute power, underscoring the critical need for infrastructure in the AI sector.

The Conversation

When AI giants go public, will ordinary investors know if they are along for the ride?

We’ve heard a lot about the artificial intelligence (AI) boom and how enormous amounts of money are being poured into companies building ever more powerful technologies.

AAP

SpaceX reveals blockbuster initial public offering plan

Elon Musk's SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Musk a trillionaire.

International Business Times

Jeff Bezos Says Space Data Centers Are Realistic, But Thinking They Will Happen In The Near Future Is 'a Little Ambitious'

Jeff Bezos said the idea of putting data centers in space is plausible, but not in the near-term future.

Euronews

Goldman Sachs reportedly selected to lead SpaceX IPO in landmark Wall Street deal

Goldman Sachs has reportedly secured the leading underwriting role for SpaceX’s expected stock market debut this year in a move that paves the way for the largest IPO in history.

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