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The Latest Breaking News from XAI

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

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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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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…

The Economic Times

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.

Euronews

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…

The Economic Times

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.

France 24

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.

The Economic Times

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.

Fortune

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.

International Business Times UK

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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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news in one place.

100's of premium titles.
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International Business Times

xAI Reportedly Asked Employees For Their Tax Returns To Train a Model But Hasn't Paid Them Yet

xAI asked employees for their tax returns to train its model and promised to pay them for it, but months later that has not changed, according to a new report.

The Economic Times

Did Elon Musk lose his landmark OpenAI lawsuit? Jury delivers swift verdict-here's what you need to know

A California jury has rejected Elon Musk's lawsuit against Sam Altman and OpenAI. Musk claimed OpenAI abandoned its nonprofit mission for profit. The jury dismissed his claims as untimely. This ruling is a significant victory for OpenAI amidst its rapid growth in the AI race. Musk's legal team reserves the…

Barchart

Dear Future SpaceX (SPCX) Stock Fans, Mark Your Calendars for June 12

SpaceX has Wall Street clearing calendars as Musk prepares a potentially record-shattering IPO debut that could steal 2026’s spotlight.

The Economic Times

Elon Musk’s xAI promised staff $420 for their tax returns, hasn’t paid

Elon Musk's xAI offered employees a $420 payment for their tax returns to train its Grok chatbot. Two months later, these promised payments have not been made. This delay has caused dissatisfaction among staff. xAI is undergoing significant changes and is working to improve its products and business operations.

International Business Times

SpaceX Files for the Largest IPO Ever Since Absorbing a $4.94 Billion Loss From Its xAI Merger

A cash-printing satellite network, an entrenched launch monopoly, and a $14-billion-a-year AI furnace are about to be priced under a single ticker. The hard part isn't the size. It's deciding what SpaceX actually is.

Kiplinger

Should You Buy SPCX Stock?

The massive SpaceX IPO has come and gone, with SPCX stock now trading on the Nasdaq.

International Business Times

OpenAI Jury To Begin Deliberations Monday as Judge Weighs Altman Removal and $500B Restructure Reversal

A nine-person jury in Oakland will begin deliberating Monday on whether OpenAI CEO Sam Altman and president Greg Brockman violated charitable-trust law when they converted the nonprofit AI lab they co-founded with Elon Musk into a $500-billion for-profit corporation.

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