SpaceX Files for IPO After Merging With Elon Musk's xAI to Become AI Powerhouse
SpaceX files for a public offering at a $1.75T+ valuation following its merger with xAI, with Musk planning orbital AI data centers funded by the IPO.
SpaceX files for a public offering at a $1.75T+ valuation following its merger with xAI, with Musk planning orbital AI data centers funded by the IPO.
Elon Musk announced via X that his 'Terafab Project' semiconductor manufacturing venture will officially launch on March 21, 2026, aiming to supply AI chips for Tesla, SpaceX, and xAI at a scale of 100–200 billion chips per year.
Elon Musk concedes xAI was built wrong from the start, losing 10 of 12 co-founders, while hiring Cursor's top engineers to close the gap with Claude Code and Codex.
Civil rights organization files lawsuit against xAI's Memphis data center, alleging environmental violations and disproportionate impact on local communities.
xAI's Grok chatbot jumps from 1.6% to 15.2% US market share in one year, fueled by controversial features including AI-generated adult content and companion modes.
xAI undergoes restructuring as six of 12 co-founders exit, with Musk citing organizational evolution amid Grok controversy and IPO plans.
xAI faces leadership crisis as influential researcher Jimmy Ba becomes the second co-founder to exit within 48 hours following SpaceX merger.
Elon Musk merges SpaceX with his AI startup xAI, creating the world's most valuable private company with plans to deploy AI data centers in space to meet explosive computing demands.
Indonesia has conditionally lifted its ban on Elon Musk's Grok AI chatbot after X Corp provided assurances of improved compliance and content safeguards. The country had previously suspended the service due to concerns over the generation of pornographic content.
SpaceX is reportedly in discussions to merge with Elon Musk's AI startup, xAI, as the rocket manufacturer prepares for a potential IPO. This move is seen as a step towards consolidating Musk's various ventures and creating a vertically integrated tech giant.
A new social network called Moltbook, exclusively for AI agents, has gone viral, attracting over 1.5 million bots. The platform, created by former Octane AI CEO Matt Schlicht, has sparked discussions about the future of AI, with Elon Musk calling it the 'early stages of the singularity.'
Elon Musk is reportedly exploring a mega-merger of SpaceX, Tesla, and xAI to create an integrated tech giant, potentially valued at over $1 trillion before a SpaceX IPO.
Elon Musk's SpaceX has filed an FCC application to launch up to 1 million solar-powered satellites to create orbital data centers, claiming this is the most cost and energy-efficient way to meet growing AI computing demand. The satellites would operate in low-Earth orbit and serve billions of users globally.
Tesla reveals $430M Megapack battery sales to xAI in 2025, powering Memphis data center, while investing $2B in xAI's $20B funding round.
Tesla announces the end of Model S and Model X production as CEO Elon Musk pivots the company toward AI and robotics, converting the Fremont factory to produce Optimus robots while reporting its first-ever revenue decline and investing $2 billion into xAI.
Tesla discloses $2B investment in xAI's Series E funding round, aiming to enhance AI product deployment into the physical world and develop Optimus robots at scale.
EU regulators opened a formal investigation into Elon Musk's Grok AI chatbot, citing concerns about sexual deepfakes and potential violations of the EU's AI regulations and safety standards.
The European Commission is set to open proceedings against Elon Musk's AI chatbot, Grok, under the Digital Services Act, potentially compelling xAI to withdraw the chatbot from the EU.
Tests reveal that OpenAI's latest ChatGPT model is citing Elon Musk's AI-generated encyclopedia, Grokipedia, as a source, leading to concerns about the spread of misinformation and biased narratives.
In his debut at the World Economic Forum in Davos, Elon Musk forecasted a future where robots are more numerous than humans and provided updates on Tesla's Optimus robot and autonomous driving plans.