ByteDance is seeking a $20 billion offshore loan to fund an AI infrastructure buildout, nearly doubling its previous record, as the TikTok parent pivots from social media to competing with OpenAI. The…
Elon Musk confirmed the name 'Starmind' for SpaceX's proposed AI satellite constellation, which aims to deploy up to one million satellites as an orbital compute layer for AI inference. Two prototype …
Tech stocks tumbled Tuesday, dragging the Nasdaq down about 2%, as investors sold off shares of AI-related companies amid concerns over sky-high valuations, massive data-center spending, and geopoliti…
A sell-off in US AI stocks on Monday triggered global market declines, with the Nasdaq falling 2.2% and Asian markets following suit as concerns over AI spending bubbles and potential Fed rate hikes i…
The Nasdaq Composite fell 2% in futures trading as a tech stock selloff intensified amid rising expectations for Federal Reserve rate hikes. Intel, Oracle, and Nvidia led the decline, while SpaceX sha…
Cursor developer Anysphere is reportedly training a 1.5 trillion parameter large language model from scratch using SpaceX compute infrastructure, signaling a shift from being a model wrapper to a fron…
US stocks fell sharply as a sell-off in technology giants sparked concerns that the artificial intelligence rally driving the bull market may be overblown. The S&P 500 dropped 1.4%, the Nasdaq composi…
SpaceX shares dipped below their opening market price of $150 on Tuesday, falling to around $158 after peaking at over $225 a week ago, as a broader sell-off in AI-related stocks hit domestic and glob…
SpaceX, with $100.8 billion in cash, is issuing at least $20 billion in bonds to replace a short-term bridge loan used to acquire xAI, despite negative free cash flow of $14.1 billion last year. The m…
SoftBank CEO Masayoshi Son dismissed SpaceX's orbital AI data center plan as overpriced, arguing that terrestrial infrastructure is more cost-effective. Son's critique comes days after SpaceX's $1.7 t…
Three of the largest IPOs in history—SpaceX, Anthropic, and OpenAI—are arriving, with valuations tied to token consumption and model pricing. However, enterprise customers are adopting model routing t…
SoftBank CEO Masayoshi Son questioned the economic viability of Elon Musk's proposal to build AI data centers in space, arguing that lower electricity costs would not offset the high expenses of maint…
SoftBank CEO Masayoshi Son dismissed Elon Musk's plan for orbital data centers, saying the costs would outweigh the benefits and that the AI race will be decided on Earth. Son's comments came as Space…
Tech stocks tumbled Tuesday, with the Nasdaq Composite falling nearly 2%, as a global sell-off in chipmakers sparked fears of an AI bubble burst. Major semiconductor companies like Samsung, SK Hynix, …
Tech stocks collapsed on Tuesday, with S&P 500 and Nasdaq 100 futures sliding 1.6% and 2.8%, respectively, wiping out over $1 trillion in market value. SpaceX shares fell for four consecutive days aft…
SpaceX closed a $150 million per month AI compute deal with open-source startup Reflection AI, converting itself into a neocloud provider. Meanwhile, AI infrastructure startup Baseten raised a $1.5 bi…
SpaceX stock (Nasdaq: SPCX) fell below its IPO opening price of $150 in premarket trading Tuesday, wiping out gains for retail investors who bought on the first day. The stock dropped 16% on Monday an…
Cursor announced its first fully self-trained AI model, a new Git platform called Origin, and a mobile app at a company event. The model, trained from scratch with ten to twenty times more compute tha…
SpaceX went public in a record $75 billion IPO, becoming one of the world's 10 most valuable companies, as AI firms like Anthropic and OpenAI also prepare to go public. These companies need massive ca…
SpaceX has become a $28 billion per year neocloud business through GPU rental deals with AI companies including Anthropic, Google, and Reflection AI, according to analyst Jamin Ball. The company's ann…