SpaceX

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Founded2002

Key PeopleElon Musk

HeadquartersHawthorne, USA

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SpaceX rents Colossus 1 after latency issues derail Grok AI training plans

SpaceX has leased its Colossus 1 AI data center to Anthropic and Google after encountering technical problems that prevented using it for Grok AI development. The company faced latency issues connecting three Memphis facilities and hardware mismatches between Nvidia chip generations. What was built as SpaceX's AI training hub now generates $2.17 billion monthly in rental income instead.

Business2 sources

SpaceX rents Colossus 1 after latency issues derail Grok AI training plans

Business2 sources

Hanmi Semiconductor invests $32.9M in SpaceX, stock surges 25% on AI chip bet

South Korean chip equipment maker Hanmi Semiconductor announced a $32.9 million investment in SpaceX ahead of its stock market debut, driving shares up 25.3%. The strategic move positions Hanmi at the intersection of AI infrastructure, space technology, and advanced chip manufacturing through Elon Musk's Terrafab initiative.

Business2 sources

Hanmi Semiconductor invests $32.9M in SpaceX, stock surges 25% on AI chip bet

Business2 sources

Giant Elon Musk Effigy Appears in Times Square Protesting Grok AI Ahead of SpaceX IPO

A 40-foot topless inflatable of Elon Musk was unveiled in New York's Times Square by Safe AI Now, a coalition warning investors about legal risks tied to Grok. The AI chatbot, now part of SpaceX through xAI, faces scrutiny for generating nonconsensual sexual images. The protest coincides with SpaceX's historic $1.77 trillion IPO, with shares priced at $135.

Entertainment2 sources

Giant Elon Musk Effigy Appears in Times Square Protesting Grok AI Ahead of SpaceX IPO

Entertainment2 sources

SpaceX raises $75 billion in record IPO to launch 1 million AI satellites into orbit

SpaceX completed the largest IPO in history, raising $75 billion at a $1.77 trillion valuation to fund Elon Musk's ambitious plan for orbital data centers. The company aims to deploy up to 1 million AI satellites beginning as early as 2028, but scientists warn the massive constellation could turn low Earth orbit into a junkyard.

Business4 sources

SpaceX raises $75 billion in record IPO to launch 1 million AI satellites into orbit

Business4 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

SpaceX became a publicly traded company on Nasdaq, marking the largest IPO in history at nearly $1.8 trillion. Elon Musk became the world's first trillionaire while thousands of employees gained millionaire status. But the company's valuation hinges less on rockets and more on its AI infrastructure ambitions, raising questions about investor appetite for tech IPOs and what comes next for OpenAI and Anthropic.

Business12 sources

SpaceX IPO makes Musk first trillionaire as AI potential drives $1.8 trillion valuation

Business12 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

San Francisco's housing market is experiencing a dramatic surge in home prices as employees at AI companies like OpenAI and Anthropic cash out shares ahead of impending IPOs. The median home price hit $2 million in March 2026, up 18% year-over-year, while evictions reach decade highs. The AI gold rush is creating a stark economic divide in the city.

Business2 sources

AI wealth boom sends San Francisco home prices surging 18% as OpenAI and Anthropic eye IPOs

Business2 sources

xAI and SpaceX hit with class-action lawsuit over data center noise and pollution impacts

Mississippi residents filed a class-action lawsuit against xAI and SpaceX, claiming gas-fired power plants for data centers create 'omnipresent and inescapable' noise around the clock. The suit estimates over 10,000 affected residents and seeks damages for health impacts and lost property values. It's the latest escalation in mounting community backlash against AI infrastructure expansion across the United States.

Policy2 sources

xAI and SpaceX hit with class-action lawsuit over data center noise and pollution impacts

Policy2 sources

xAI faces lawsuit from engineer fired for raising Grok safety concerns ahead of SpaceX IPO

Former xAI engineer Devin Kim filed a wrongful termination lawsuit claiming he was dismissed in September 2025 for repeatedly warning about AI safety risks in Grok. The suit, filed days before SpaceX's historic IPO, alleges co-founder Jimmy Ba ignored Elon Musk's safety directives and retaliated against Kim for pushing safeguards against discrimination, misinformation, and dangerous outputs.

Policy5 sources

xAI faces lawsuit from engineer fired for raising Grok safety concerns ahead of SpaceX IPO

Policy5 sources

E-scooter founder raises $5M to build space data centers for AI compute in low Earth orbit

Orbital, founded by Spin's Euwyn Poon, emerged from a16z's Speedrun accelerator with $5 million in seed funding to build AI data centres in orbit. The Los Angeles startup plans a 2027 demo flight with Nvidia GPUs and aims to deploy 10,000 satellites for distributed AI inference in space, betting on SpaceX's Starship to make the economics viable.

Technology2 sources

E-scooter founder raises $5M to build space data centers for AI compute in low Earth orbit

Technology2 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Google has signed a massive cloud services agreement with SpaceX, committing to pay $920 million per month for access to approximately 110,000 NVIDIA GPUs and related infrastructure. The deal runs from October 2026 through June 2029 and could generate over $30 billion for SpaceX, which is preparing for a historic IPO next week targeting a $1.75 trillion valuation.

Technology11 sources

Google to pay SpaceX $920 million monthly for AI compute power in $30 billion infrastructure deal

Technology11 sources

SpaceX warns orbital AI data centers may never become commercially viable despite Musk optimism

SpaceX disclosed in its pre-IPO S-1 filing that ambitious plans to deploy AI data centers in space face significant technical viability risks and unproven technologies. The harsh space environment threatens sensitive AI hardware with radiation damage, temperature extremes, and no possibility of in-orbit repairs—contrasting sharply with Elon Musk's public optimism about space-based computing.

Technology3 sources

SpaceX warns orbital AI data centers may never become commercially viable despite Musk optimism

Technology3 sources

SpaceX and AMD race to deploy AI in space as orbital data centers tackle Earth's energy crisis

SpaceX unveiled plans to launch one million satellites for orbital data centers, while AMD positions open platforms as essential for AI development in space. The shift addresses mounting concerns over terrestrial data center energy consumption, with companies like Google and Blue Origin joining the race. Edge computing enables satellites to process data locally, reducing latency and enhancing mission autonomy for defense, climate monitoring, and space exploration.

Technology5 sources

SpaceX and AMD race to deploy AI in space as orbital data centers tackle Earth's energy crisis

Technology5 sources

AI coding firm Cognition seeks funding at $25 billion, fueled by SpaceX-Cursor deal momentum

Cognition AI is in early talks to raise hundreds of millions of dollars at a $25 billion valuation, more than doubling its worth from $10.2 billion. The AI coding startup, known for its Devin AI software engineer, has seen increased investor interest following SpaceX's $60 billion agreement to acquire rival Cursor. The move highlights surging demand for AI-powered software development tools.

Startups2 sources

AI coding firm Cognition seeks funding at $25 billion, fueled by SpaceX-Cursor deal momentum

Startups2 sources

SpaceX warns global probes into xAI's AI imagery could trigger market bans ahead of $1.75T IPO

SpaceX has flagged in its IPO filing that multiple investigations into xAI's creation of sexually abusive AI imagery could result in loss of access to certain markets. The S-1 regulatory filing reveals agencies worldwide are probing xAI's Grok chatbot over allegations it generated nonconsensual explicit images and content depicting minors, with researchers estimating roughly 3 million sexualized images were created.

Policy4 sources

SpaceX warns global probes into xAI's AI imagery could trigger market bans ahead of $1.75T IPO

Policy4 sources

Tesla stakes AI future on Intel's unfinished chip tech as Musk reveals Terafab plans

Tesla has chosen Intel's not-yet-complete 14A manufacturing process for its ambitious Terafab project, marking Intel's first major external customer for this advanced node. Elon Musk announced the partnership during Tesla's earnings call, revealing plans for a $3 billion research fab at Giga Texas as the company pivots toward in-house AI chip production to fuel its autonomous driving and robotics ambitions.

Technology4 sources

Tesla stakes AI future on Intel's unfinished chip tech as Musk reveals Terafab plans

Technology4 sources

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