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“NASA unveils $10B Moon base contract as SpaceX, Blue Origin join lunar gold rush” NASA announced Saturday that Elon Musk’s SpaceX, Jeff Bezos’ Blue Origin and six other aerospace companies are eligible to compete for up to $10 billion in lunar delivery contracts as the agency advances plans to establish a permanent base on the…
A federal judge denied a motion by xAI seeking to dismiss an NAACP lawsuit accusing the SpaceX-owned company of failing to obtain permits needed to operate the gas turbines powering its Colossus data center outside Memphis. Suing on behalf of the NAACP, the Southern Environmental Law Center said the AI company had “installed and operated…
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…
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…
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…
A woman identified as Jane Doe 4 has joined a lawsuit filed by three Tennessee teenagers against Elon Musk’s xAI over the role the company’s chatbot Grok allegedly played in creating child sexual abuse material. According to a report in The Washington Post, the woman alleged that her stepfather used Grok to manipulate a photo…
AI coding startup Cursor is now officially a part of SpaceX, according to an announcement on the Cursor blog. Elon Musk’s SpaceX — which also acquired Musk’s xAI earlier this year — announced a deal in April for the companies to develop technology together; the deal also gave SpaceX the option to acquire Cursor for…
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…
SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public. Total sales grew from $4 billion in the second quarter…