Elon Musk

SpaceX shares dropped 7% after hours following its first post-IPO earnings report, which revealed higher-than-expected AI capex of $15.8 billion versus Wall Street's $13.09 billion estimate. Quarterly…

SpaceX CEO Elon Musk announced during the company's first earnings call that SpaceX will build its AI services exclusively on Nvidia systems, citing the Vera Rubin architecture as the best AI computer…

SpaceX has spent $329 million on Tesla Megapacks so far this year, including $295 million in the second quarter, according to its earnings report released Tuesday. The batteries are likely deployed at…

SpaceX, the newly public rocket company, heads into its first quarterly earnings report on August 4, 2026, with $100 billion in cash and a $47.5 billion backlog, but also a $15.828 billion AI capital …

SpaceX reported quarterly capital expenditures of $15.8 billion for its xAI unit, which runs the Grok AI service, exceeding analyst expectations of $13.09 billion and nearly doubling from the prior qu…

SpaceX reported a loss of $541 million, or 9 cents per share, in its first quarterly report as a public company, less than half what analysts expected, while revenue jumped to $7.8 billion, up more th…

SpaceX's AI revenue grew more than three times to $2.6 billion in the quarter, surpassing its space segment's $962 million, according to its first earnings since its June IPO. The AI division lost $1.…

SpaceX reported a 92% surge in revenue to $7.8 billion for the April-June quarter, beating analyst expectations of $6.93 billion, in its first earnings release since going public. The company posted a…

Apple Inc. filed a 41-page lawsuit in Northern California federal court on July 10, accusing OpenAI of orchestrating a systematic effort to steal trade secrets related to hardware designs and manufact…

SpaceX reported $7.8 billion in Q2 2026 revenue, beating consensus estimates of $6.8–$6.9 billion, and $3.5 billion in adjusted EBITDA, yet its stock dropped 8%. The company, which began trading on th…

OpenAI published a blog post on Monday titled 'Apple is getting this wrong,' rebutting Apple's trade-secret lawsuit and accusing the iPhone maker of presenting a misleading account. The post highlight…

Tesla's AI lead Ashok Elluswamy confirmed that the company will not restore the Max Speed setting in Full Self-Driving (FSD), calling it 'an anti pattern' and stating that Tesla is working on better l…

Tesla's Q2 2026 earnings call on July 22 showcased CEO Elon Musk's pivot toward AI and robotics, with Musk declaring the Optimus humanoid robot could be 'the biggest product ever' for the company. Tes…

Elon Musk now spends nearly 50% of his speaking time on Tesla Inc. earnings calls discussing artificial intelligence, robotaxis, and Full Self-Driving software, up from 15%-20% in 2022, according to a…

Free cash flow at the five leading AI companies, including Google, Meta, and Oracle, is projected to plunge to negative $125 billion in 2027, according to data from S&P Global Market Intelligence, as …

Prince Harry and Meghan Markle criticized Elon Musk's xAI for challenging a Minnesota law that regulates AI-generated non-consensual explicit images, saying technology companies should prioritize safe…

Elon Musk, CEO of Tesla and SpaceX, called New York City Mayor Zohran Mamdani a 'thief and a liar' on X, mocking his proposal for city-owned grocery stores and asserting that AI and robots will delive…

Anthropic has signed a US$10 billion, six-year deal to use a data centre managed by Nvidia-backed cloud startup Volta Infra Holdings, according to people familiar with the matter. The site in Norway o…

SpaceX is set to release its first quarterly earnings as a public company on August 4, 2026, with analysts projecting Q2 revenue of $6.8–6.9 billion, up from $4.7 billion in Q1, while shares have fall…

Anthropic's Claude has become the enterprise favorite, surpassing OpenAI, according to a Forbes report, and Elon Musk has notably changed his stance on the rival. The most successful organizations wil…