Elon Musk

Nvidia has disclosed a $21 billion stake in SpaceX, revealing deep financial and technical ties between the two technology giants.

SpaceX has raised $75 billion in its historic public listing, pricing shares at $135 each and surpassing Saudi Aramco’s previous record.

A federal jury rejected Musk’s claims in under two hours, ruling the lawsuit was barred by the statute of limitations. The judge dismissed the case immediately.

Elon Musk announced xAI will cease operations as an independent company and integrate fully into SpaceX. The division will now operate under the SpaceXAI brand, consolidating AI development with spacecraft and infrastructure projects.

Elon Musk is exploring a strategic three-way partnership between xAI, Mistral, and Cursor to challenge OpenAI and Anthropic’s dominance in artificial intelligence.

SpaceX has partnered with Cursor to develop AI coding tools, with an option to acquire the software platform for $60 billion later this year. The deal combines Cursor’s product capabilities with SpaceX’s Colossus supercomputer.

Elon Musk announced the Terafab project, a $20 billion joint venture between Tesla, SpaceX, and xAI to build a chip manufacturing facility in Austin, Texas.

Elon Musk announced the Terafab project, a $20 billion chip manufacturing facility in Austin, Texas, as a joint venture between Tesla, SpaceX, and xAI. The facility aims to produce a terawatt of computing power per year.

X Money is set to enter early public access next month, according to Elon Musk. The feature is part of X Corp.’s push to add payments to its social platform.