Tag: Elon Musk
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SpaceX Acquires Musk’s AI Firm xAI in Bid to Integrate Space and Artificial Intelligence
SpaceX has acquired xAI, the artificial intelligence firm founded by billionaire Elon Musk, as he moves to consolidate more of his technology businesses under a single structure. The transaction values SpaceX at around $1 trillion and xAI at about $250 billion, according to a source familiar with the deal. Financial terms were not disclosed. SpaceX…
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SpaceX Seeks U.S. Approval to Launch Up to One Million Satellites for Orbital AI Data Centres
SpaceX has applied for a licence from the Federal Communications Commission to deploy up to one million satellites, outlining plans to build large-scale artificial intelligence (AI) data centres in orbit, according to a regulatory filing cited by Bloomberg. In the application submitted late on Jan. 30, SpaceX said it intends to construct a solar-powered satellite…
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Musk Weighs Options to Consolidate SpaceX With Tesla or xAI, Sources Say
Elon Musk has held internal discussions about potentially consolidating parts of his business empire, including exploring whether SpaceX could merge with Tesla or absorb his artificial intelligence startup xAI, according to company filings and sources cited by Reuters and Bloomberg. SpaceX has evaluated the feasibility of a combination with Tesla, an idea that some investors…
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China Eyes Space-Based AI Data Centres, Setting Up Rivalry With SpaceX
China plans to deploy space-based artificial intelligence data centres within the next five years, state media reported, as Beijing steps up efforts to combine space technology and advanced computing in a move that could directly challenge initiatives outlined by SpaceX. China’s main space contractor, China Aerospace Science and Technology Corporation (CASC), said it will work…
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SpaceX Weighs Mid-2026 IPO at Valuation of About $1.5 Trillion, FT Reports
SpaceX, the rocket and satellite company founded by Elon Musk, is weighing a possible initial public offering as early as mid-June 2026 that could raise up to $50 billion and value the company at around $1.5 trillion, the Financial Times reported on Wednesday, citing people familiar with the matter. If completed at that scale, the…
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SpaceX Targets Mid-March for Next Starship Test Flight, Musk Says
SpaceX is aiming to conduct its next Starship test flight in mid-March, Chief Executive Elon Musk said, as the company continues development of its heavy-lift launch system. Musk said in a post on social media platform X that a “Starship launch [is] in 6 weeks,” indicating a tentative timeline for the next test. The flight…
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SpaceX Wins $739 Million in U.S. Military Launch Contracts for Missile Tracking Missions
SpaceX has secured $739 million in new U.S. military launch contracts to support missile warning and tracking missions, reinforcing the company’s role in America’s national security space architecture. The U.S. Space Force’s Space Systems Command (SSC) said on Friday that the contracts were awarded under National Security Space Launch (NSSL) Phase 3 Lane 1 task…
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The inside story of SpaceX’s historic rocket landing that changed launch forever
On Dec. 21, 2015, SpaceX launched the Orbcomm-2 mission on an upgraded version of its Falcon 9 rocket. That night, just days before Christmas, the company successfully landed the first stage for the first time. The story behind this remarkable achievement is nowhere more fully told than in the book Reentry, authored by Ars Technica…
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SpaceX’s Newest Starship Booster Suffers Major Damage During Early Test in South Texas
SpaceX’s latest Starship first-stage booster sustained significant damage during pre-launch testing early Friday in South Texas, marking a setback for the company’s next-generation rocket program. The vehicle, known as Booster 18 and representing the first “Version 3” Starship design, was rolled out only a day earlier as SpaceX announced the start of its test campaign.…
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Trump Re-Nominates Jared Isaacman as NASA Administrator After Earlier Withdrawal
U.S. President Donald Trump said on Tuesday he is re-nominating private astronaut and entrepreneur Jared Isaacman to lead NASA, five months after Isaacman’s initial nomination was withdrawn following a dispute between Trump and SpaceX founder Elon Musk. The decision restores the billionaire e-commerce executive as Trump’s pick to head the U.S. space agency at a…