SpaceX
Australian mining billionaire Gina Rinehart has made a major bet on Elon Musk’s SpaceX that could lead to more than just a financial return.Rinehart — Australia’s richest person with a fortune estimated at $38.4 billion by the Bloomberg Billionaires Index — invested through Hancock Prospecting, her privately held mining and…
Nearly 25 years ago, a mariachi band played at a SpaceX party while Elon Musk posed for a photo. The rocket company’s head count was single digits back then. Today, it’s over 22,000.SpaceX started with two long-shot goals: make rockets cheaper to launch and, eventually, send mankind to Mars.More than…
Goldman Sachs’ youngest employees are walking into an “innovation supercycle.”CEO David Solomon said as much in his annual welcome letter to interns, sent Friday to the entire firm, where he also celebrated Goldman’s position as lead left bookrunner on SpaceX’s historic IPO.He’s sent a similar note every year since 2019,…
SpaceX is going all in on AI data centers in space — and the company kicked off its IPO week with a sneak peek.In an interview with a SpaceX employee uploaded onto X on Monday, Elon Musk revealed the most detailed look yet at the AI satellite the company is…
Elon Musk’s companies love to work together. Now, we have a bit more insight into how much money is moving between them. Loading audio narration… On Wednesday, SpaceX filed its 277-page S-1, a document that peels back the curtain on the combined space-and-AI company’s spending.The filing showed that SpaceX (and…
It wouldn’t be a Musk production without some ambitious deadlines. Loading audio narration… SpaceX filed for its blockbuster IPO on Wednesday, and it’s already proving to be one of the most unconventional public-offering documents in recent memory, with its grandiose, sci-fi language and a CEO pay package partly tied to…
Wall Street’s investment banks are prepping for the biggest IPO in history. Loading audio narration… Aerospace giant SpaceX is planning to go public this summer, according to its newly released S-1 filing. While the company did not disclose a formal valuation target in the document, prior reports value SpaceX at…
Anthropic is turning to Elon Musk for computing capacity. Loading audio narration… As the company faces a surge in demand for its AI coding service, Claude Code, Anthropic will use SpaceX’s Colossus One data center to meet the moment. Chief Product Officer Ami Vora announced the blockbuster deal at Anthropic’s…
Elon Musk is ramping up efforts to compete with AI giants Anthropic and OpenAI. Loading audio narration… Musk’s AI startup, xAI, has held discussions in recent weeks with Mistral and AI coding startup Cursor about a potential three-way partnership, people familiar with the matter said. Mistral is a French AI…
