American billionaire Elon Musk's SpaceX borrows $40 billion to buy AI chips
Elon Musk says SpaceX has closed $40 billion in debt to buy AI chips arriving next year, and warns credit is drying up for rivals.
xAI
Elon Musk, worth $917 billion, is living in a trailer in Memphis
Elon Musk says his new "palace" is an Airstream trailer parked at xAI's Memphis supercomputer site, where he is personally helping the expansion.
Elon Musk quietly settled with Apple and now a judge wants to see the terms
Judge Mark Pittman ordered X Corp and SpaceXAI to produce any agreement with Apple after they dropped antitrust claims without explanation.
Morningstar warns SpaceX $1.75 trillion valuation prices in $1.3 trillion of unproven AI bets
SpaceX prices its IPO on June 11 at $1.75 trillion, but Morningstar warns that $1.3 trillion of that valuation rests entirely on orbital AI data centers with no commercial revenue.
Elon Musk unveils AI1 satellite design to power SpaceX's orbital data centers
Elon Musk unveiled SpaceX's AI1 orbital data center satellite on June 8, revealing a 70-meter wingspan design with 150 kW of AI compute capacity ahead of the company's IPO.
Google agrees to pay Elon Musk's SpaceX $920 million a month in $30 billion cloud computing deal
Google has agreed to pay Elon Musk's SpaceX $920 million a month for computing power, totalling roughly $30 billion under a deal running through June 2029.
Elon Musk's xAI is paying back $3 billion in bonds early
Elon Musk's xAI is moving to pay off $3 billion in junk bonds ahead of schedule, part of a sweeping financial reset tied to SpaceX's IPO push.