Elon Musk's SpaceX signed Google to a compute rental agreement worth $920 million per month, according to a SpaceX regulatory filing on Friday. The deal grants Google's AI organization access to appro…
Elon Musk will take SpaceX public next week at a valuation of $1.77 trillion, making him the world’s first trillionaire and triggering a wave of massive AI company IPOs. Anthropic and OpenAI are prepa…
Google agreed to pay SpaceX $920 million monthly for computing services, according to a deal announced one week before SpaceX's initial public offering. The contract is expected to boost SpaceX's reve…
Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to approximately 110,000 NVIDIA GPUs and other computing components, according to a regulatory filing Frida…
S&P Dow Jones Indices rejected SpaceX's request for accelerated entry into the S&P 500 index on June 4, closing the door on a potential rule change that would have also allowed AI companies OpenAI and…
Elon Musk is preparing to take SpaceX public, a move expected to pressure other artificial intelligence companies to pursue their own initial public offerings. The listing could reshape capital availa…
S&P Dow Jones Indices rejected a rule change that would have allowed newly public megacap companies like SpaceX, OpenAI, and Anthropic to enter the S&P 500 faster, keeping its 12-month seasoning requi…
The Dow Jones Industrial Average reached a new high during the week, while shares of Broadcom and Ciena were impacted by developments in AI and chip stocks. Additionally, news emerged regarding a pote…
Elon Musk will address ASML employees in a virtual fireside chat next Thursday to pitch SpaceX's Terafab semiconductor concept, according to internal communications seen by Business Insider. The event…
SpaceX's $75 billion initial public offering has received orders exceeding the number of shares available, according to people familiar with the matter, putting the company on track for the largest-ev…
Elon Musk will take SpaceX public next week at a valuation of approximately $1.77 trillion, a move that positions him to become the world’s first trillionaire. The IPO is part of a broader push by Mus…
Alphabet CEO Sundar Pichai announced Project Suncatcher, a plan to deploy 81 solar-powered satellites carrying Google's Tensor Processing Units into a tight orbital cluster to create an AI data center…
SpaceX has barred investors from Hong Kong and China from its planned $75 billion initial public offering, with underwriters Goldman Sachs and Morgan Stanley enforcing compliance under US Internationa…
S&P Dow Jones Indices has decided against fast-tracking SpaceX, Anthropic, and other megacap IPOs into the S&P 500, meaning the companies will not be eligible for inclusion in the index favored by 401…
Goldman Sachs projects SpaceX's AI revenue will surge from $3.2 billion in 2025 to $322 billion by 2030, a 100-fold increase that underpins a $1.78 trillion valuation for the company's anticipated Nas…
SpaceX released a 17-minute IPO roadshow video Thursday targeting retail investors, with CFO Bret Johnsen outlining the company's plans for rockets, Starlink satellites, AI solutions, and asteroid min…
SpaceX released a 17-minute video on June 4, directed by CFO Bret Johnsen, to market its upcoming IPO directly to retail investors. The company plans to allocate up to 30% of its projected $75 billion…
Mira Murati, former OpenAI CTO and current CEO of Thinking Machines Lab, made her first major media appearance in 18 months on Thursday, using a Bloomberg interview to preview a new AI interface techn…
An opinion piece warns that speculative investments in Big Tech IPOs, including those of SpaceX and OpenAI, threaten to bankrupt the United States. The author argues that Wall Street's hype-driven app…
SpaceX submitted proposals to build the first phase of its Terafab semiconductor factory in Grimes County, Texas, a project that would cost at least $55 billion and could reach $119 billion. Grimes Co…