Auto Added by WPeMatico
Elon Musk has ordered another round of job cuts at xAI after growing frustrated with the poor performance of its coding product, forcing out several more cofounders and parachuting in “fixers” from SpaceX and Tesla to audit the startup. The latest overhaul of the 2-year-old startup follows the success of Anthropic and OpenAI, whose AI […]
Staff complain that xAI is flailing because of constant upheaval Read More »
SpaceX’s acquisition of xAI creates business worth $1.25tn but whether premise behind deal will work is questionedThe acquisition of xAI by SpaceX is a typical Elon Musk deal: big numbers backed by big ambition.As well as extending “the light of consciousness to the stars”, as Musk described it, the transaction creates a business worth $1.25tn
Why has Elon Musk merged his rocket company with his AI startup? Read More »
Merger with loss-making xAI looks to some investors more like a bailout than a rocket trip to the futureElon Musk merges SpaceX with xAI at $1.25tn valuationTo Elon Musk’s fan club, there is nothing to see apart from more evidence of the great man’s visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial
Elon Musk is taking SpaceX’s minority shareholders for a ride | Nils Pratley Read More »
Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private companyBusiness live – latest updatesElon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year.The two companies announced the
Elon Musk merges SpaceX with xAI at $1.25tn valuation Read More »
Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report saysBusiness live – latest updatesSpaceX is reportedly considering a potential merger with the electric carmaker Tesla, or a tie-up with artificial intelligence firm xAI, as Elon Musk looks at options to consolidate his global empire.The rocket company is examining the feasibility
SpaceX reportedly mulling Tesla merger or tie-up with Elon Musk’s xAI firm Read More »
World’s richest person targeting symbolic date in June for flotation of rocket companyElon Musk’s SpaceX is considering a flotation valuing the rocket company at $1.5tn (£1.1tn) that will reportedly be timed for early summer to coincide with a planetary alignment and the multibillionaire’s birthday.The world’s richest person is targeting a symbolic date of mid-June for
SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’ Read More »
US aerospace tech company reportedly held talks last year over private share sale that values business at $800bnElon Musk’s SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.SpaceX is considering Bank of America, JP Morgan,
SpaceX lines up Wall Street banks as Musk eyes blockbuster IPO Read More »
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOsYou’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at valuations
The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026 Read More »
Deployment will serve data centers, governments and businesses, jumping into market dominated by SpaceXJeff Bezos’s space company Blue Origin on Wednesday announced a plan to deploy 5,408 satellites in space for a communications network that will serve data centers, governments and businesses, jumping into a satellite constellation market dominated by Elon Musk’s SpaceX.Deployment of satellites
Bezos’s Blue Origin announces plans to deploy thousands of satellites in 2027 Read More »
Sunita (Suni) Williams, the American astronaut of Indian origin, announced her retirement from NASA after 27 years of service, NASA said on January 20. Her retirement, effective from December 27, 2025, followed completing three missions aboard the International Space Station and setting multiple human spaceflight records during her career. Williams ranks second among NASA astronauts
Sunita Williams Retires From NASA After 27-Year Career Read More »
