Latest updates from the AI industry
Elon Musk tells The Economist AI will bring abundance for all despite real risks. Here's his verdict on killer AI, human intelligence and humanity's future.
Elon Musk has promised that before the year is out, his AI tool Grok Imagine will produce a full-length film of Homer’s Odyssey that is, in his words, “historically accurate and true to the art of Homer”.
Elon Musk predicts AI will surpass human control within a decade, balancing warnings of existential risk with optimism for economic abundance, reflecting a shift in his stance on AI's future.
Elon Musk is facing backlash after another swipe at Christopher Nolan's 'The Odyssey.'
Elon Musk's xAI relies on dozens of natural gas turbines in Mississippi to power its Colossus AI supercomputers in Tennessee, bypassing initial federal permits and sparking lawsuits over pollution in Black communities. Recent Reuters and CNBC reports detail 59 units and 1.2 GW capacity amid rapid expansion plans. This shift reveals tensions between AI ambitions and clean energy goals. The approach benefits natural gas infrastructure firms while raising fresh environmental questions.
The world’s richest man sits down with The Economist
The euphoria that followed the stock market debut of SpaceX, Elon Musk's aerospace and artificial intelligence giant, has completely deflated. The company, which staged the largest initial public offering (IPO) in history on June 12, has seen its value plummet in recent weeks. The IPO price, it should be recalled, was set at $135 per share, and within just a few days, it soared to over $200. However, by Friday, the tech company was trading around $115, leaving all its investors in the red.
Catch up on AI: Delhi court backs OpenAI training, OpenAI launches Presence and Health, Google debuts Gemini cyber tools, and Grok hits Excel.
Elon Musk has quietly bought APR Energy, a Jacksonville-based company that operates a fleet of mobile gas and diesel turbines totaling more than 1 GW of generation capacity. The self-styled champion of a “solar electric economy” now owns a fossil fuel power company — and he’s buying it to feed the electricity-hungry data centers running xAI’s Grok.
Abror Shuhratov reports: xAI, the company founded by Elon Musk, has announced emergency measures following a serious controversy involving the unauthorized uploading of users’ private code and confidential information to a server via the Grok Build CLI tool. The company’s head stated that, for security reasons, all previously uploaded user data will be permanently deleted. This decision... Source
A security researcher published a wire-level analysis on July 12 proving that xAI’s Grok Build coding CLI was packaging developers’ entire tracked repositories, including full Git history, committed secrets, and API keys, and sending them to a Google Cloud Storage bucket. The upload volume was roughly 27,800 times greater than the data the coding task [...] This story continues at The Next Web
Grok, the AI from xAI, now offers a translation feature that converts standard text into deliberately crude, profane, or slang-filled versions, reflecting the company’s anti-censorship philosophy. While useful for creative writing and linguistic experimentation, it also risks enabling harassment and toxicity. This capability highlights ongoing debates about AI guardrails, user responsibility, and content moderation.
After a sky-high debut, SpaceX stock has come back to Earth and is hovering near its IPO price. Should investors buy the dip or stay on the sidelines?
xAI's Grok Build is under scrutiny after researchers claimed it uploaded entire Git repositories to cloud storage. Here's what the investigation found.
Security researcher finds xAI's Grok Build CLI uploaded .env secrets and full Git repositories to the cloud.
Ashley St. Clair, Elon Musk's former partner, expressed regret for her past anti-trans activism and distanced herself from MAGA politics, citing family dynamics and personal growth.
Grok Build CLI uploaded entire developer Git repositories — committed secrets included — to a Google Cloud Storage bucket without disclosure. The privacy toggle had no effect on the upload; xAI responded via social media rather than a formal security advisory, and has not published a timeline for deleting already-captured codebases.
SpaceXAI launches Grok 4.5 model for coding, agentic tasks
July 8 : SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and agentic tasks. Here are some details:• SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia GB300 graphics processing units, with a focus
July 8 (Reuters) - SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and a...
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Tesla confirmed it is building a feature that lets you teach your car where to go. The post Tesla FSD is about to know your specific house and neighborhood better than any map appeared first on TESLARATI .
Elon Musk’s rebranded AI unit SpaceXAI released Grok 4.5 on Tuesday – the first model developed jointly with the coding startup Cursor. It is not yet available in the EU. SpaceXAI, the AI division that emerged from the former xAI, unveiled its most capable model to date on 8 July 2026: Grok 4.5. It is [...] Der Beitrag SpaceXAI and Cursor Launch Grok 4.5 – Not Yet in the EU erschien zuerst auf Trending Topics .
SpaceXAI CEO Elon Musk announced on Wednesday that Grok 4.5 will be released publicly on Thursday, posting on X, “Based The post “Opus-class, but faster”: What Elon Musk says about beating Anthropic appeared first on The New Stack .
SpaceXAI has launched Grok 4.5, its most capable model yet. It is the company’s first release since going public and buying the AI coding startup Cursor. This is the joint model the two firms had raced to ship. Elon Musk aimed it squarely at coding and agentic work, not casual chat. “It is an Opus-class [...] This story continues at The Next Web
SpaceX has received an "F" rating in the latest AI safety index published by the Future of Life Institute.
For years, there have been images and videos across social media platforms that have reminded me of when I was a 15-year-old kid teased by “Xbox 720” videos on YouTube. These videos are of the supposed “Tesla Phone” that Elon Musk was secretly developing in between leading Tesla with its electric cars and SpaceX with [...] The post Tesla Phone? Not quite, but close: analyst appeared first on TESLARATI .
SpaceX shares rise as the company prepares for rapid inclusion in the Nasdaq-100 index, following a volatile post-IPO period. Investors anticipate increased demand from index funds.
Shares of advanced battery materials developer Solidion Technology STI swung sharply on Monday after the company announced plans to acquire a stake in SpaceX as a long-term treasury asset. It became the latest listed firm seeking exposure to Elon Musk's aerospace company through its balance sheet. Solidion's stock jumped more than 23% at one point, during premarket trading, before reversing course. At the time of writing, the shares were down about 1.5%. The announcement follows a similar move last week by Triller Group, suggesting that corporate treasury allocations to SpaceX are emerging as a new investment theme following the rocket company's recent public listing. Treasury allocation tied to long-term strategy Solidion said the initial investment would account for a "modest"...
Elon Musk said that SpaceX had deployed "a few dozen" top Starlink and Starship engineers and Cursor staff to work on the AI model.
Elon Musk said that SpaceX had deployed "a few dozen" top Starlink and Starship engineers and Cursor staff to work on the AI model.
Elon Musk marked his 55th birthday by announcing an ambitious plan for his AI company, xAI, which aims to launch new foundation models monthly for the remainder of the year.
SpaceX's revenue is set to double by the end of the year thanks to a booming data center business.
SpaceX has numerous ambitions in the artificial intelligence arena, but should retail investors favor it over the GPU giant?
SoftBank CEO Masayoshi Son plans massive data center expansion and space-based tech integration to power advanced AI, targeting major operational milestones by 2026. He draws parallels with Elon Musk’s ambitions while committing tens of billions of dollars to overcome infrastructure bottlenecks. The strategy positions SoftBank at the center of the AI race.
That optimism from Wall Street may help explain why Tesla shares have held fairly firm since the IPO
Tesla is atop the American-Made Index from Cars.com for the sixth-straight year, as the Model 3 and Model Y took the top two spots, respectively. Last year, the Model 3, Model Y, Model S, and Model X took the top four spots, respectively. The company has routinely performed well in the Index. However, Tesla discontinued its [...] The post Tesla tops American-Made Index for sixth-consecutive year appeared first on TESLARATI .
xAI, the part of SpaceX (NASDAQ: SPCX) that operates Grok, was always going to drive the entire company under. SpaceX had almost $19 bullion in revenue last year. It lost almost $5 billion. xAI lost $6.4 billion on $3.2 billion. And Grok has already lost its chance to compete with OpenAI, Anthropic, Google, and even ... Grok Was Always Going To Cripple SpaceX
Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to voters Hi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in California, the UK’s social media ban and SpaceX making a big buy in the AI arms race. California ‘billionaire tax’ makes ballot despite opposition from tech moguls Tech billionaires are spending unprecedented sums in California races. Experts say it’s the tip of the iceberg ‘It makes no sense’: 16- and 17-year-olds on UK social media ban UK ministers lobby Trump to avert backlash against social media ban Continue reading...
Elon Musk may have ruined a great space stock by attaching an unprofitable AI business to it.
The company's stock has fallen 23% in recent days, including a drop of more than 16% in trading Monday, as Fed rate hike signals threaten to weigh on SpaceX's recently announced investment plan
NEW YORK: In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX's roadshow begins on Thursday. It earlier held some "testing the waters" meetings with investors. MISSION: MARS AND SPACE DATA CENTERS Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. The company's valuation relies on SpaceX dominating technologies and markets that do not yet exist - from Mars missions to AI data centers in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk's cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX's satellite network, the source added. SpaceX merged with Musk's AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centers in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. MEGA IPO WAVE The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalization to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanize retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX's three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company's cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX's pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol "SPCX." The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
In a surprise move ahead of its investor roadshow, Elon Musk’s SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX’s roadshow begins on Thursday. It earlier held some “testing the waters” meetings with investors. Mission: Mars and space data centres Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. Advertisement · Scroll to continue The company’s valuation relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centres in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk’s cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company, and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX’s satellite network, the source added. SpaceX merged with Musk’s AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centres in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. Mega IPO wave The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalisation to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanise retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX’s three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company’s cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX’s pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol “SPCX.” The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
Exclusive-SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise, source says
Elon Musk's SpaceX plans to price its initial public offering at US$135 per share, selling 555.6 million shares to raise US$75 billion in the largest IPO ever, a source familiar with the matter told Reuters.
Musk will be required to hold his SpaceX shares for 366 days after the IPO, the source said, a signal to investors that he will not be selling any of his investment.
The offering would value Musk’s company at $1.75 trillion, with up to 30% of shares earmarked for retail investors; proceeds are expected to fund AI computing expansion and Starlink growth, while Musk must hold his shares for at least a year
NEW YORK, June 2 : In a surprise move ahead of its investor roadshow, Elon Musk's SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter.The rocket and satellite communications company plans to sell 555.6 million shares, the