SpaceX shares fell as much as 11% in after-hours trading despite an earnings beat, as investors balked at nearly $16 billion in quarterly AI infrastructure spending, more than double the previous quar…
SpaceX's first quarterly report as a public company showed its AI business revenue more than tripled to $2.6 billion and adjusted EBITDA swung to a $1.1 billion profit, but the company spent $15.8 bil…
SpaceX CEO Elon Musk announced that SpaceX is 'exclusive to Nvidia' for all future AI systems on Earth and in space, citing Nvidia's Vera Rubin architecture as the best AI computer. SpaceX's Q2 revenu…
SpaceX has pivoted to AI infrastructure, using profits from its Starlink internet service to fund orbital data centers designed for AI workloads, according to its first public earnings report. The com…
SpaceX shares fell after its first earnings report revealed plans for massive spending on artificial intelligence, with CEO Elon Musk telling analysts that people were "underestimating" the company.…
SpaceX CEO Elon Musk announced on Wednesday's earnings call that the company will exclusively use Nvidia GPUs, citing the Vera Rubin architecture as the best AI computer. SpaceX reported Q2 revenue of…
SpaceX's stock has lost all its post-IPO gains, trading over 7% lower after hours, as investor concerns about AI spending weigh on the company. The company's quarterly results showed strong revenue an…
SpaceX's escalating artificial intelligence spending is unnerving Wall Street, despite the company's promises of a quick payoff, according to a CNBC report published August 4, 2026. The report highlig…
SpaceX announced on August 4 that it is partnering with Nvidia to design the compute payload for its Starmind AI1 satellite, which will use Nvidia Rubin GPUs and Vera CPUs. On the same day's earnings …
SpaceX announced a partnership with Nvidia to design the compute payload for its Starmind AI1 satellite, the first in a planned constellation for in-orbit AI workloads, with each satellite carrying Nv…
Entrepreneur Peter Diamandis, founder of the XPRIZE Foundation, argues SpaceX could become the first company to reach a $10 trillion valuation, citing its five interconnected businesses including Star…
SpaceX is grappling with rising AI compute costs as it expands its Starlink satellite network, which now includes one of the world's largest private AI computing networks. The company is investing in …
SpaceX has committed to using Nvidia's Vera Rubin architecture exclusively for its AI data centers, with plans to expand AI capacity to over 2 GW by the end of 2026 and around 10 GW by the end of 2027…
Semiconductor stocks surged in Asian trading on Wednesday, with the Kospi jumping 4.0% led by SK Hynix and Samsung, despite after-hours declines for SpaceX and AMD. SpaceX disclosed capital expenditur…
A survey by IG found that 49% of UK retail investors had no intention of investing in SpaceX's IPO, and more would consider buying Anthropic (35%) than SpaceX (24%), indicating that retail investors a…
US stocks hit fresh records on Tuesday as the Dow Jones Industrial Average closed above 54,000 for the first time, rising 1.71% to 54,086, while the S&P 500 gained 1.79% to 7,737 and the Nasdaq Compos…
BitMEX cofounder Arthur Hayes published an essay on Aug. 4, 2026, arguing that the AI infrastructure boom could end as a credit crisis, potentially leading to government intervention and monetary easi…
The United States is betting its economy and national security on winning the artificial intelligence race with China, with AI-related investment driving most of U.S. GDP growth and AI companies accou…
OpenAI announced on June 11 that it will acquire Ona, the German cloud startup formerly known as Gitpod, to integrate its cloud workspace technology into the Codex coding agent. Codex now has more tha…
Asian stocks advanced, with MSCI's Asia Pacific equities gauge climbing 1.1%, led by a 3.5% jump in South Korean shares, as Samsung Electronics and SK Hynix rallied over 4% in Seoul on renewed bets on…