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Founded2023

Key PeopleElon Musk

HeadquartersMemphis, USA

ProductsGrok

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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 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.

Business13 sources

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

Business13 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

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

British MP Jess Asato sues xAI over sexualized Grok images in landmark AI liability case

British Labour MP Jess Asato filed a lawsuit against Elon Musk's xAI over fake sexualized images created by Grok AI. The High Court case tests whether AI developers can be held liable for content users generate with their tools. Grok faces regulatory probes across multiple jurisdictions after widespread reports of non-consensual deepfake creation.

Policy12 sources

British MP Jess Asato sues xAI over sexualized Grok images in landmark AI liability case

Policy12 sources

SpaceX IPO banks on orbital AI data centers to justify $1.77 trillion valuation

SpaceX is set for the largest IPO in history, raising $75 billion at a $1.77 trillion valuation. The company's ambitious plan centers on orbital AI computing infrastructure, with demonstrations planned for late 2027. Elon Musk claims the technology largely exists through Starlink satellites, but analysts value the company significantly lower, viewing the space data center vision as a high-risk bet on unproven technology.

Business12 sources

SpaceX IPO banks on orbital AI data centers to justify $1.77 trillion valuation

Business12 sources

Gemini Taps Grok AI to Power Personalized Prediction Markets Command Center

Crypto exchange Gemini has partnered with Elon Musk's SpaceXAI to launch Command Center, an AI-powered feature that curates personalized user feeds for its prediction markets platform. The tool uses Grok AI models to deliver real-time signals and market summaries across crypto, sports, politics, commodities, and economics, as Gemini expands beyond traditional trading.

Technology2 sources

Gemini Taps Grok AI to Power Personalized Prediction Markets Command Center

Technology2 sources

Elon Musk defends xAI ambitions as IPO filing reveals $6.4 billion loss and rival deal

Elon Musk is defending his AI venture xAI amid mounting concerns after SpaceX's IPO filing revealed the company is renting its Colossus supercomputing facilities to rival Anthropic for $1.25 billion per month. The disclosure shows xAI posted a $6.4 billion operating loss on $3.2 billion revenue, while losing over 50 researchers and engineers since February.

Business2 sources

Elon Musk defends xAI ambitions as IPO filing reveals $6.4 billion loss and rival deal

Business2 sources

Elon Musk contradicts SpaceX filing on Anthropic's AI compute lease duration

Elon Musk stated SpaceX's AI compute lease with Anthropic is only a 180-day agreement with mutual cancellation rights, directly contradicting the company's S-1 filing that describes it as a three-year deal worth $1.25 billion monthly through May 2029. The conflicting statements emerged during SpaceX's IPO quiet period, raising questions about the actual terms of this major compute deal.

Business6 sources

Elon Musk contradicts SpaceX filing on Anthropic's AI compute lease duration

Business6 sources

xAI limits Cursor contact as antitrust concerns surface ahead of SpaceX's $60 billion deal

Elon Musk's xAI has instructed employees to restrict interactions with Cursor staff to avoid antitrust violations as SpaceX pursues a $60 billion acquisition. The directive from general counsel James Burnham arrived weeks after the teams began collaborating, raising gun-jumping concerns that could jeopardize the deal ahead of SpaceX's historic $1.75 trillion IPO.

Business2 sources

xAI limits Cursor contact as antitrust concerns surface ahead of SpaceX's $60 billion deal

Business2 sources

SpaceX bets $26.5 trillion AI future on struggling Grok as federal adoption stalls

SpaceX has positioned AI as the centerpiece of its IPO filing, claiming a $26.5 trillion market opportunity. But the Grok chatbot faces an uphill battle with minimal federal government adoption, declining downloads from 20 million to 8.3 million, and just 0.174% paid user conversion compared to ChatGPT's 6%. The company now leases its Memphis data center to competitor Anthropic for $1.25 billion monthly.

Business9 sources

SpaceX bets $26.5 trillion AI future on struggling Grok as federal adoption stalls

Business9 sources

Anthropic to pay SpaceX $1.25 billion monthly for compute power in $15 billion annual deal

Anthropic will pay SpaceX $1.25 billion per month through May 2029 for access to compute power at Colossus data centers, totaling over $40 billion. The deal emerged from SpaceX's IPO filing and highlights how compute capacity has become a critical bottleneck in AI development. Meanwhile, Anthropic approaches its first quarterly profit with revenue expected to exceed $10 billion.

Business12 sources

Anthropic to pay SpaceX $1.25 billion monthly for compute power in $15 billion annual deal

Business12 sources

X commits to 24-hour illegal content reviews as Ofcom keeps Grok investigation open

Elon Musk's X has agreed to review illegal hate speech and terrorist content within 24 hours on average, restrict UK access to proscribed groups, and report quarterly to Ofcom. The deal follows months of regulatory pressure, but a separate investigation into Grok AI's deepfake capabilities remains active.

Policy2 sources

X commits to 24-hour illegal content reviews as Ofcom keeps Grok investigation open

Policy2 sources

xAI Launches Grok Build AI Coding Agent as Musk Races to Rival Anthropic's Claude Code

Elon Musk's xAI has unveiled Grok Build, its first AI coding agent designed for professional software engineering and complex coding work. Available in early beta for SuperGrok Heavy subscribers at $300 per month, the tool marks xAI's push into the competitive coding market. The launch comes as Musk rebuilds the company following cofounder departures and aims to catch up with rivals like Anthropic's Claude Code.

Technology5 sources

xAI Launches Grok Build AI Coding Agent as Musk Races to Rival Anthropic's Claude Code

Technology5 sources

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