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SpaceX’s data centers and Grok agents were more profitable than investors expected in the third quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. CEO Elon Musk’s deep tech conglomerate reported $14.6 billion in third-quarter revenue…
The boards of SpaceX and Tesla have each formed special committees to review a possible merger. The special committees, which consist of independent directors, were created at the request of shareholders, according to Elon Musk, CEO and the largest individual shareholder of both companies. “Because I’m a conflicted party, I can’t actually be in the…
Black holes are notoriously difficult to see, which makes designing a building around one a rather strange idea. The Black Hole Research Center, however, takes that invisible subject and gives it a place people could actually work in. Conceived for a hot, dry climate, the unbuilt research facility spreads its offices and laboratories through a…
If you want to manufacture in space—and bring the products back again—there’s a limited set of options: Wait to go to the International Space Station, or partner with a handful of start-ups launching spacecraft that spend time in orbit before they return to Earth. But the vehicle that goes to space and comes back to…
The queue to send objects into orbit is growing, but space infrastructure isn’t keeping up with demand. As the realization sinks in that Elon Musk’s SpaceX can’t be the sole answer, other companies are raising their hand — and money. These include The Exploration Company (TEC), which operates out of Germany, France, Luxembourg, Spain, and…
The founders behind Starcloud, a startup with plans to operate a fleet of GPUs in orbit, have a new pitch for potential investors: A plan to send a tiny spacecraft on an 80,000 year journey to Alpha Centauri. If they do it, it will be the first human-built object explicitly aimed for another star, and…
President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters, two weeks after the record-setting IPO of Elon Musk’s company. It’s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of…
Japan is pouring billions of dollars into its burgeoning space industry and easing restrictions on defense exports, efforts designed to build a homegrown aerospace sector filled with domestic startups that have a global reach. Letara, a Sapporo-based startup developing hybrid propulsion systems for spacecraft, is looking to capitalize on that push. After focusing on hybrid…
High above the Earth, a new generation of robots designed to keep satellites working longer is replacing its predecessor — quite literally. This week, a spacecraft built and operated by Northrop Grumman called a Mission Extension Vehicle (MEV) unplugged from a communications satellite operated by the Australian firm Optus. For more than a year, the…
Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s to come now that his rocket-launching, compute-leasing, satellite-based telecom is public. The conference call, held Tuesday, was the…