Tag: $SpaceX

SpaceX is piling into the artificial-intelligence coding race as the battle between OpenAI and Claude developer Anthropic heats up.

Elon ‌Musk’s SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday, citing people familiar with the matter, setting the stage for what could ​become the largest stock market listing on record.

SpaceX is reportedly nearing an IPO filing, potentially raising $50 billion and valuing the company at $1.8 trillion.

On Saturday night, Tesla (TSLA) and SpaceX CEO Musk outlined a bold vision for vertically integrating chip production into his plans to create an artificial intelligence empire.

Mesh Optical Technologies, a startup working on hardware used to move data at high speeds within data centers, raised a $50 million funding round led by Joshua Kushner’s Thrive Capital to scale manufacturing of the technology in the US.

Democratic U.S. senators on Thursday urged the Pentagon to conduct an immediate review of SpaceX amid allegations that Chinese investors have secretly acquired stakes in the closely held rocket maker, citing potential national security risks, according to a letter seen by Reuters.

Elon Musk’s SpaceX has acquired xAI for $250bn, as the world’s richest man combines his two largest private ventures to pursue his ambition to win the AI race by developing data centres in space.

On Friday, Bloomberg reported that SpaceX had set a secondary share sale, which valued the start-up at about $800 billion, citing a company memo. The price in the secondary offering was $421 a share, the report said, up from a July price of about $212 from a private-market transaction.

Elon Musk’s SpaceX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker’s valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday.