OpenAI said it was ⁠not confident that SpaceX would use its technology "within our terms of service." ...More

OpenAI said it was ⁠not confident that SpaceX would use its technology "within our terms of service." ...Less

Aman Sanger, an entrepreneur is pivotal in SpaceX's transformative $60 billion deal to acquire Anysphere, ...More

Aman Sanger, an entrepreneur is pivotal in SpaceX's transformative $60 billion deal to acquire Anysphere, the innovator of the AI coding platform known as Cursor. This acquisition has rapidly elevated Sanger and his co-founders to billionaires within the tech landscape. Founded in 2022, Cursor enhances coding by enabling natural language interactions, perfectly aligning with Elon Musk's expansive vision for AI integration across his enterprises. ...Less

The company's second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX ...More

The company's second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX President Gwynne Shotwell said, reiterating its goals for an ambitious cadence contingent on solving steep engineering challenges and regulatory hurdles. ...Less

Aman Sanger, the 26-year-old co-founder of AI coding startup Cursor, is at the centre of Elon Musk’s $60 ...More

Aman Sanger, the 26-year-old co-founder of AI coding startup Cursor, is at the centre of Elon Musk’s $60 billion SpaceX acquisition. Born to Indian immigrant parents, Sanger’s family has IIT Bombay and Wall Street connections. The deal has also intensified tensions between Musk and OpenAI CEO Sam Altman after OpenAI ended its Cursor relationship. ...Less

Cursor, the AI-powered coding tool built by startup Anysphere, was one of OpenAI's earliest and most prom ...More

Cursor, the AI-powered coding tool built by startup Anysphere, was one of OpenAI's earliest and most prominent customers. It integrated OpenAI's models into its product for years and relied on OpenAI's platform. ...Less

US President Donald Trump invested up to fifty thousand dollars in Elon Musk's SpaceX company. This inves ...More

US President Donald Trump invested up to fifty thousand dollars in Elon Musk's SpaceX company. This investment occurred on June twenty-third, following the company's initial public offering. Third-party institutions manage the president's investment portfolio independently. ...Less

Anthropic is planning to unveil its IPO prospectus after Labour Day, with a potential listing in late Sep ...More

Anthropic is planning to unveil its IPO prospectus after Labour Day, with a potential listing in late September or early October, The Information reported on Thursday, citing people familiar with the process. The startup confidentially filed for a public listing earlier this year, as ⁠it races ⁠with rival OpenAI to their market debuts amid strong investor appetite for AI firms. ...Less

Florida's Space Coast is preparing for a busy launch schedule. SpaceX will launch Starlink satellites usi ...More

Florida's Space Coast is preparing for a busy launch schedule. SpaceX will launch Starlink satellites using a reusable Falcon 9 rocket. NASA's Roman Space Telescope will launch aboard a powerful Falcon Heavy rocket. Crewed missions and commercial satellites will also fill the autumn manifest. Spectators should monitor weather and range updates for viewing opportunities. ...Less

Anthropic plans to pitch investors on a colossal total addressable market (TAM) exceeding $30 trillion fo ...More

Anthropic plans to pitch investors on a colossal total addressable market (TAM) exceeding $30 trillion for its upcoming IPO, surpassing SpaceX's previous $28.5 trillion record. By mapping out all work AI models could automate, Anthropic aims to justify its massive infrastructure spending, support its projected $200 billion 2028 revenue target, and validate its upcoming stock listing. ...Less

Elon Musk, David Sacks, Jensen Huang and Sam Altman are set to speak at next week’s Group of 20 tech meet ...More

Elon Musk, David Sacks, Jensen Huang and Sam Altman are set to speak at next week’s Group of 20 tech meeting. ...Less

Bloomberg, citing people familiar with the matter, reported on Thursday that SpaceX had explored a deal t ...More

Bloomberg, citing people familiar with the matter, reported on Thursday that SpaceX had explored a deal to acquire Cognition as it looks to strengthen its position in the AI race against OpenAI, Anthropic, and Google. ...Less

Russian-speaking hackers exploited SpaceX's AI coding assistant, Cursor, for company intrusions. This AI- ...More

Russian-speaking hackers exploited SpaceX's AI coding assistant, Cursor, for company intrusions. This AI-boosted hacking spree targeted at least seven firms earlier this year. The cybercriminals tricked the AI into performing malicious operations by claiming it was a simulation. Gambit Security's report detailed these AI-assisted cyberattacks and their methods. ...Less

SpaceX and Nvidia have developed a space-optimised Vera Rubin NVL72 AI system that is planned for launch ...More

SpaceX and Nvidia have developed a space-optimised Vera Rubin NVL72 AI system that is planned for launch into orbit in the fourth quarter of 2027, said Elon Musk. Resharing an Nvidia post, Musk said the system will see significant scale-up in 2028 as SpaceXAI is expanding its AI infrastructure. ...Less

The complaint, lodged Wednesday in the Northern District of California by an anonymous plaintiff identifi ...More

The complaint, lodged Wednesday in the Northern District of California by an anonymous plaintiff identified as Jane Doe 1, alleges that xAI designed Grok to alter real photographs of identifiable people into sexual content and then published the results directly to the X social media platform (formerly Twitter). ...Less

Anthropic ⁠has been aggressively expanding its computing power to meet demand growth it expects for produ ...More

Anthropic ⁠has been aggressively expanding its computing power to meet demand growth it expects for products like AI coding tool, Claude Code. Nscale, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing needs, the person said. ...Less

Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks ...More

Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. - Stomaching the losses - According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too. ...Less

SpaceX has made a remarkable achievement by successfully retrieving Starship Ship 40 from the depths of t ...More

SpaceX has made a remarkable achievement by successfully retrieving Starship Ship 40 from the depths of the Indian Ocean. The spacecraft emerged from its recent journey intact following its splashdown. Engineers are preparing to evaluate the vessel's condition near Christmas Island, allowing them to gather essential data that telemetry could not provide. This recovery is a pivotal milestone for advancing the Starship program. ...Less

The company's bankers have told potential investors it could seek to raise "more than $100 billion" in it ...More

The company's bankers have told potential investors it could seek to raise "more than $100 billion" in its IPO, which could put the company's value at $2 trillion, The New York Times reported Friday, citing two unnamed sources with knowledge of the talks. ...Less

NASA released new photographs of the SpaceX rocket crater on the Moon. These images were captured by the ...More

NASA released new photographs of the SpaceX rocket crater on the Moon. These images were captured by the Lunar Reconnaissance Orbiter spacecraft. The crater measures approximately 60 feet across and less than 10 feet deep. Scientists are studying the disturbed lunar dust and underlying material. South Korea's Danuri orbiter also provided earlier images of the impact site. ...Less

NASA's Roman Space Telescope is launching soon aboard a SpaceX rocket. This observatory will survey the c ...More

NASA's Roman Space Telescope is launching soon aboard a SpaceX rocket. This observatory will survey the cosmos for dark energy and dark matter. It aims to test the standard model of cosmology and its expansion rate. Roman will also discover thousands of exoplanets beyond our solar system. Its wide-field view complements other missions for a complete cosmic picture. ...Less

NASA's Roman Space Telescope is set for a Sunday launch to explore cosmic mysteries. This powerful observ ...More

NASA's Roman Space Telescope is set for a Sunday launch to explore cosmic mysteries. This powerful observatory will investigate dark energy and map dark matter distribution. It will also search for distant planets using advanced gravitational microlensing techniques. After its journey, the telescope will orbit the Sun near the James Webb Space Telescope. Roman's mission aims to deepen our understanding of the universe's expansion and evolution. ...Less

The merger talks, which a third person said have evolved into a discussion about a partnership, underscor ...More

The merger talks, which a third person said have evolved into a discussion about a partnership, underscore the AI lab's ambition to secure the resources and talent needed to build its own chips. The goal is to help Anthropic accelerate its in-house chip development. ...Less

President Trump signed a memo to significantly increase U.S. commercial space launches. The directive aim ...More

President Trump signed a memo to significantly increase U.S. commercial space launches. The directive aims for one thousand launches and re-entries annually by 2030. It also calls for identifying new federal launch and re-entry sites. The policy encourages private sector partnerships for space infrastructure development. This initiative supports returning astronauts to the moon by 2028. ...Less

US President Trump plans to boost American space travel and lunar missions. The United States aims to com ...More

US President Trump plans to boost American space travel and lunar missions. The United States aims to compete with China for a moon landing. The policy seeks over one thousand launches and reentries annually by 2030. NASA will facilitate commercial transport to the moon and Mars. Private investment in space exploration is also encouraged by the president. ...Less

Anthropic will permanently increase standard weekly limits for Claude Code by 25%. This change follows a ...More

Anthropic will permanently increase standard weekly limits for Claude Code by 25%. This change follows a temporary 50% usage boost which ends September 14th. Paid users will experience a 17% reduction in their weekly Claude Code capacity. The company plans future improvements for better usage visibility and control. ...Less

Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and the electric powe ...More

Mark Zuckerberg and Elon Musk on Tuesday stressed the need for more AI data centers and the electric power needed to support them at a meeting of G20 technology ministers focused on the disruptions and opportunity brought by artificial intelligence. In separate remarks, Tesla and SpaceX chief Musk stressed the massive amounts of electricity needed by the AI data centers, calling out a "crisis of power" in the AI buildout that was giving China the advantage. ...Less

NASA Roman Space Telescope launch: NASA's Roman Space Telescope launchNASA's Nancy Grace Roman Space Tele ...More

NASA Roman Space Telescope launch: NASA's Roman Space Telescope launchNASA's Nancy Grace Roman Space Telescope is set to launch on August 30 aboard SpaceX's Falcon Heavy from Florida. Named after NASA's first chief astronomer and “mother of Hubble”, the observatory will survey billions of galaxies, investigate dark matter and dark energy, hunt thousands of exoplanets and work alongside Hubble and James Webb. ...Less

The ability to return, recover and reuse a booster is crucial to reduce cost and make it easier to put sa ...More

The ability to return, recover and reuse a booster is crucial to reduce cost and make it easier to put satellites into orbit, turning space exploration into a commercially viable business similar to civil aviation. ...Less

SpaceX's blockbuster IPO has rekindled ⁠investor ⁠interest in the space industry, including in emerging a ...More

SpaceX's blockbuster IPO has rekindled ⁠investor ⁠interest in the space industry, including in emerging areas such as orbital data centers. ...Less

Leaders are convening at a key moment in the AI sector's development and the global debate over how to go ...More

Leaders are convening at a key moment in the AI sector's development and the global debate over how to govern it, and as the US faces an increasing threat from China for AI supremacy. ...Less

Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significan ...More

Alphabet's initial $900 million SpaceX investment is now worth approximately $94 billion. This significant return makes Alphabet the largest institutional shareholder in the rocket company. Other early backers like Fidelity Investments and Saudi Arabia's PIF also hold substantial stakes. ...Less

Financial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned A ...More

Financial Stability Board Chair Andrew Bailey highlighted AI's immediate cyber risk concerns. He warned AI could accelerate cyberattacks, impacting global financial systems. Many nations lack systems to manage advanced AI deployment effectively. Stretched AI company valuations and debt market vulnerabilities also pose risks. ...Less

India faces hurdles in building globally competitive foundational AI companies, with top research talent ...More

India faces hurdles in building globally competitive foundational AI companies, with top research talent concentrated in San Francisco and limited appetite for large, high-risk investments, Menlo Ventures partner Deedy Das said at The Economic Times World Leaders Forum 2026. He sees stronger opportunities for Indian startups at the application layer. ...Less

The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and st ...More

The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and storage, the firm said in a blog post on Friday, and will also include data centers, robotics and home appliances. ...Less

Alphabet has emerged as by far the largest single institutional holder of SpaceX following its $86 billio ...More

Alphabet has emerged as by far the largest single institutional holder of SpaceX following its $86 billion IPO in June, according to a Reuters analysis of quarterly filings made public so far. The ⁠filings shed ⁠new light on the scale of positions acquired by SpaceX's backers as the company transitioned from a closely held startup to a publicly traded giant. ...Less

The New York Stock Exchange has opened a new regional headquarters in Dallas as Texas strengthens its pos ...More

The New York Stock Exchange has opened a new regional headquarters in Dallas as Texas strengthens its position as an emerging financial hub. The move comes amid growing competition among exchanges, with Nasdaq expanding its Texas presence and the newly launched Texas Stock Exchange seeking to attract listings and challenge New York’s dominance. ...Less

Since 2019, the number of active satellites around Earth has surged nearly eightfold, with SpaceX's Starl ...More

Since 2019, the number of active satellites around Earth has surged nearly eightfold, with SpaceX's Starlink making up about two-thirds of this total. This remarkable growth signifies a change in how we use orbital space. However, this satellite concentration raises important concerns regarding space traffic management and the implications of having a dominant player in low Earth orbit. ...Less

NASA's new Roman Space Telescope has launched aboard a SpaceX Falcon Heavy rocket. This advanced observat ...More

NASA's new Roman Space Telescope has launched aboard a SpaceX Falcon Heavy rocket. This advanced observatory will seek planets and study dark energy in space. It will cast a wide gaze on the universe, uncovering hidden cosmic secrets. The telescope's massive field of view will find thousands of supernovae and billions of galaxies. Roman's speed and sensitivity promise unprecedented discoveries about the cosmos. ...Less

The Artemis II astronauts received the nation's highest space honor for their lunar flyby. Commander Reid ...More

The Artemis II astronauts received the nation's highest space honor for their lunar flyby. Commander Reid Wiseman and his crew were recognized for their historic mission around the moon. President Donald Trump presented the Congressional Space Medal of Honor to the four-member crew. This event also saw the announcement of a new US Space Academy for future endeavors. The ceremony highlighted ongoing plans for lunar exploration and potential Mars missions. ...Less

NASA’s Nancy Grace Roman Space Telescope has launched aboard a SpaceX Falcon Heavy, beginning a mission t ...More

NASA’s Nancy Grace Roman Space Telescope has launched aboard a SpaceX Falcon Heavy, beginning a mission to survey vast areas of the universe. With a field of view at least 100 times larger than Hubble’s, Roman will study dark matter, dark energy, distant galaxies and thousands of exoplanets. ...Less

Elon Musk owns a 48.4% stake in SpaceX, according to a regulatory filing, giving him more than 82% of the ...More

Elon Musk owns a 48.4% stake in SpaceX, according to a regulatory filing, giving him more than 82% of the company’s voting power. His holding is valued at over $900 billion, highlighting his dominant control over the space and AI-focused company. ...Less

Elon Musk raises concerns that relying solely on sustainable energy might not avert extinction events. He ...More

Elon Musk raises concerns that relying solely on sustainable energy might not avert extinction events. He advocates for innovative solutions like space satellites and geoengineering to combat climate change. Such technologies could effectively manage global temperatures for eons. Nevertheless, urgent measures are required now to tackle rising sea levels, especially as Florida braces for substantial flooding risks by 2070. ...Less

Jammu-born Onkar Singh Batra is building a space communication network. His startup Apolink aims to keep ...More

Jammu-born Onkar Singh Batra is building a space communication network. His startup Apolink aims to keep satellites connected beyond ground station range. This innovative system uses small satellites as relay points for data transmission. Apolink has secured significant investment and launched its first demonstration satellite. Batra's journey began with early technology projects and a satellite at sixteen. ...Less

Tiger Global reshuffled its tech portfolio in Q2, cutting stakes in Alphabet, Nvidia, Microsoft, Amazon, ...More

Tiger Global reshuffled its tech portfolio in Q2, cutting stakes in Alphabet, Nvidia, Microsoft, Amazon, Meta, Broadcom and TSMC while exiting Netflix. The fund more than doubled its Intel holding and initiated positions in AMD and SpaceX, signalling a shift toward semiconductor exposure and emerging technology opportunities, according to filings. ...Less

NASA is preparing to launch its new flagship space telescope on Sunday, embarking on a multi-year mission ...More

NASA is preparing to launch its new flagship space telescope on Sunday, embarking on a multi-year mission to create an unprecedented map of the cosmos and shed light on some of the biggest mysteries in physics. "It will be the biggest catalog of astronomical objects anybody's ever produced, and it will help us understand how common are solar systems like our own," Dave Content, Roman's technical manager, told AFP. dark matter and dark energy. ...Less

The Gates Foundation will collaborate with India to enhance AI-powered digital tools for farmers. Discuss ...More

The Gates Foundation will collaborate with India to enhance AI-powered digital tools for farmers. Discussions focused on India's advanced use of artificial intelligence and digital public infrastructure in agriculture. These tools will offer farmers better weather forecasts and market price information. India's successful agri-tech models may be replicated across Asia and Africa. ...Less

Starlink seeks India's approval for its advanced satellite services. The company needs landing rights and ...More

Starlink seeks India's approval for its advanced satellite services. The company needs landing rights and spectrum assignment for its new technology. India has allowed current services but not the Satcom 2.0 proposal yet. Regulatory issues and spectrum assignment remain key challenges for Starlink. Clearances are essential before satcom can bridge India's digital divide. ...Less

SpaceX shares have surged significantly after a major lockup expiration. Early investors were permitted t ...More

SpaceX shares have surged significantly after a major lockup expiration. Early investors were permitted to sell millions of shares on August sixth. The stock price has climbed thirty-five percent in just five trading sessions. This rise has added approximately five hundred billion dollars in market capitalisation. Investors now feel optimistic about future stock lockup expirations. ...Less

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due ...More

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city's biggest new share sales this year. ...Less

Starlink has reapplied to India’s space regulator for approval of its Gen 2 satellite constellation, seek ...More

Starlink has reapplied to India’s space regulator for approval of its Gen 2 satellite constellation, seeking authorisation for nearly 30,000 satellites in low Earth orbit. The application includes newer capabilities such as direct-to-device connectivity, as India considers expanding satcom spectrum access and finalising rules for satellite-based mobile services. ...Less

China’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced ...More

China’s IPO market is gaining momentum, fuelled by strong investor appetite for AI, robotics and advanced technology companies. Hong Kong and Shanghai have already raised over $54 billion through IPOs and secondary listings in 2026, while blockbuster debuts such as CXMT and Unitree highlight the enthusiasm for tech stocks. ...Less

In 2021, a spacecraft was launched on a first-ever suicide mission to try to deflect an asteroid on impac ...More

In 2021, a spacecraft was launched on a first-ever suicide mission to try to deflect an asteroid on impact in space in the revolutionary planetary defense experiment. NASA’s Double Asteroid Redirection Test, or DART, struck Dimorphos in 2022. The collision changed its orbit and showed that a kinetic impactor could alter an asteroid’s motion. ...Less

Astronauts can now drink coffee normally in space thanks to a special 3D-printed cup. This innovative des ...More

Astronauts can now drink coffee normally in space thanks to a special 3D-printed cup. This innovative design utilizes capillary flow to move liquids without gravity's assistance. The space cup allows astronauts to sip coffee directly from the rim, a significant improvement. This technology, developed by NASA, also aids in moving liquids in other critical applications. The invention demonstrates how simple physics can solve complex engineering challenges in space. ...Less

Nvidia earnings: Nvidia forecasts strong third quarter revenue, exceeding analyst expectations significan ...More

Nvidia earnings: Nvidia forecasts strong third quarter revenue, exceeding analyst expectations significantly. The company sees a trillion-dollar market opportunity for its AI chips through 2027. Nvidia's operating expenses and future spending plans have also increased. Competition is growing, but Nvidia secures major partnerships and customer commitments. ...Less

The rockets-to-AI company went public on June 12 after a record-setting ⁠IPO ⁠thatraised $85.7 billion an ...More

The rockets-to-AI company went public on June 12 after a record-setting ⁠IPO ⁠thatraised $85.7 billion and vaulted the company's market cap past $2 trillion. However, its valuation has since retreated as enthusiasm faded. ...Less

The hedge ⁠fund cut ⁠its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of ...More

The hedge ⁠fund cut ⁠its Alphabet holdings by 45.4% to 5.81 million shares as of June 30 from the end of March, and its Nvidia stake by 6.8% to 11.20 million shares. ...Less

Wall Street is currently assessing Anthropic's valuation in light of its anticipated revenue growth for t ...More

Wall Street is currently assessing Anthropic's valuation in light of its anticipated revenue growth for the upcoming IPO. The AI company forecasts remarkable revenue increases by 2028, which is pivotal for investor confidence. Revenue multiples derived from these forward-looking projections are being employed, with comparable companies such as Palantir and SpaceX serving as benchmarks. This strategy underscores the AI firm's rapid expansion and significant infrastructure investments. ...Less

Roman will conduct one of the most comprehensive searches ever for exoplanets. It is expected to discover ...More

Roman will conduct one of the most comprehensive searches ever for exoplanets. It is expected to discover thousands of new ones and provide the first statistical census of planetary systems similar to our own. The telescope is named after Nancy Grace Roman, NASA's first chief astronomer. Roman died in 2018 at age 93. ...Less

SpaceX-linked California startup Vast has cut 46 employees, or about 4% of its workforce, months after ra ...More

SpaceX-linked California startup Vast has cut 46 employees, or about 4% of its workforce, months after raising $500 million. The layoffs at Vast comes at a time when crypto billionaire Jed McCaleb’s company races to launch Haven-1 and develop a commercial replacement for the International Space Station. Vast's long-term plans sound like something pulled from science fiction like Elon Musk's Space-X. ...Less

As traders emerge from their holiday break, global markets brace for fluctuations. The ongoing geopolitic ...More

As traders emerge from their holiday break, global markets brace for fluctuations. The ongoing geopolitical tensions keep energy prices in focus, while decisions from the Fed and BOJ will be scrutinized closely. Additionally, the rise of artificial intelligence valuations and potential fiscal challenges in Europe pose risks, compounded by the political uncertainty surrounding the upcoming US midterm elections. ...Less

China and the United States are developing advanced military space capabilities. Both nations are prepari ...More

China and the United States are developing advanced military space capabilities. Both nations are preparing for potential conflict extending into Earth's orbit. Maneuverable satellites and spaceplanes are key components of these evolving strategies. Allied nations are also participating in joint military operations in space. This competition highlights the growing importance of space for national security. ...Less

US President Donald Trump will inaugurate a unique auto race through Washington D.C. This event celebrate ...More

US President Donald Trump will inaugurate a unique auto race through Washington D.C. This event celebrates the U.S. 250th anniversary with drivers reaching high speeds. Air traffic will pause at Reagan National Airport for military flyovers during the race. The race is expected to draw approximately 200,000 spectators to the capital. Corporate sponsors are supporting this significant sporting spectacle on the National Mall. ...Less

Elon Musk's Starlink plans to bring satellite internet to India's least served regions. This service aims ...More

Elon Musk's Starlink plans to bring satellite internet to India's least served regions. This service aims to connect rural areas where traditional broadband infrastructure is limited. Starlink's entry will expand internet access beyond major Indian cities and markets. The company is actively seeking to launch its satellite broadband services in India. India's government is developing regulations for satellite spectrum allocation and services. ...Less

VinSpace will launch its satellites on a SpaceX Transporter rideshare mission run by Elon Musk's company, ...More

VinSpace will launch its satellites on a SpaceX Transporter rideshare mission run by Elon Musk's company, which carries satellites from multiple customers on a single rocket to share launch costs, it said in a statement. ...Less

A new study reveals that satellite launch costs in India are the highest among key markets. Government so ...More

A new study reveals that satellite launch costs in India are the highest among key markets. Government sources challenge this perception, highlighting the advantages of subsidies and strategic savings. To support the growth of private sector space ventures, various funding schemes are being implemented, with expectations of a sharp decrease in launch fees in the near future. ...Less

Blue Cloud Softech Solutions shares surged 23% in two days after its US subsidiary announced a $150 milli ...More

Blue Cloud Softech Solutions shares surged 23% in two days after its US subsidiary announced a $150 million deal with Malaysia-based SpaceX International. However, the company clarified that the entity has no connection with Elon Musk’s SpaceX. The sharp rally appears to have been driven partly by confusion over the names. ...Less

Norway’s $2.3 trillion sovereign wealth fund held a 0.05% stake in SpaceX worth $1.22 billion as of June ...More

Norway’s $2.3 trillion sovereign wealth fund held a 0.05% stake in SpaceX worth $1.22 billion as of June 30, marking its first public disclosure of an investment in the private space company. The fund also holds major stakes in Nvidia, Apple, Alphabet and Microsoft. ...Less

Operating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) ...More

Operating under a fresh local entity fully registered with India's Financial Intelligence Unit (FIU-IND) and compliant with local tax frameworks, Coinbase has achieved a major competitive breakthrough: a custom-built, bespoke Indian Rupee (INR) on-ramp and off-ramp. ...Less

AI researcher Tony Yuhuai Wu has reportedly bought a Rs 670 crore mansion in California after six years i ...More

AI researcher Tony Yuhuai Wu has reportedly bought a Rs 670 crore mansion in California after six years in the AI industry. The 12-acre Villa de Verano estate features six bedrooms, a nine-hole golf course, a 150-seat outdoor amphitheatre and a 2,100-gallon saltwater aquarium. ...Less

Although this marks China's first successful recovery on land, it is the second time the country has reco ...More

Although this marks China's first successful recovery on land, it is the second time the country has recovered a rocket stage, following a successful recovery on a sea platform in July. ...Less

As Anthropic prepares for its initial public offering, Wall Street is keenly evaluating the company's wor ...More

As Anthropic prepares for its initial public offering, Wall Street is keenly evaluating the company's worth through the lens of its projected revenue growth, expected to soar by 2028. This outlook is crucial, leading investors to utilize enterprise value-to-revenue multiples derived from forecasted figures. Benchmarking against industry players like Palantir and SpaceX highlights both the promising future and the infrastructural challenges facing Anthropic. ...Less

Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra v ...More

Anthropic has been preparing to give CEO Dario Amodei and other co-founders a class of stock with extra voting power to help insulate them from external shareholder pressure, the Information reported on Tuesday. The company is also planning to maintain its existing body of non-shareholder trustees with ⁠a ⁠special class of stock to elect a majority of members to the company's board of directors, according to the report. ...Less

Happy Monday! Specialist VC funds are expanding beyond their traditional sectors to invest more in deepte ...More

Happy Monday! Specialist VC funds are expanding beyond their traditional sectors to invest more in deeptech. This and more in today’s ETtech Morning Dispatch. ...Less

Anthropic is projecting 2028 revenue of roughly $190 billion to $200 billion, according to two people fam ...More

Anthropic is projecting 2028 revenue of roughly $190 billion to $200 billion, according to two people familiar with the company's financials, a figure that has not previously been reported. The projection dwarfs the $47 billion revenue "run rate," reflecting the firm's current pace of business, that the company publicized as recently as May, and shows the scale of growth investors are being asked to underwrite. ...Less

For the first time since its launch, retail investors sold off SpaceX shares, coinciding with a rebound t ...More

For the first time since its launch, retail investors sold off SpaceX shares, coinciding with a rebound towards its IPO price. This change reflects a reevaluation of risk versus reward, prompting some to take profits. Since mid-July, the company's stock has struggled below the IPO threshold, following a series of declines and an overall downturn in SpaceX's market value. ...Less

President Zelenskyy detailed his dispute with the dismissed Defense Minister Mykhailo Fedorov. He cited m ...More

President Zelenskyy detailed his dispute with the dismissed Defense Minister Mykhailo Fedorov. He cited misguided actions and problematic defense spending decisions by the former minister. Ukraine faces a significant shortage of Patriot air-defense missiles amid rising Russian attacks. However, Ukrainian forces have nearly recaptured the Dnipropetrovsk region. The president also discussed budgetary challenges and ongoing military operations. ...Less

SpaceX shares reclaimed their IPO price after a three-session rally, recovering sharply from recent lows. ...More

SpaceX shares reclaimed their IPO price after a three-session rally, recovering sharply from recent lows. The stock’s outlook is being supported by bullish expectations around Starlink, orbital AI infrastructure and Starship, while strong revenue growth and short interest could add to the recovery. However, recent volatility highlights the risks surrounding the company’s ambitious growth plans. ...Less

It held a 1.28% stake worth $62 billion in Nvidia, a 1.24% stake worth $52 billion in Apple, a 1.17% stak ...More

It held a 1.28% stake worth $62 billion in Nvidia, a 1.24% stake worth $52 billion in Apple, a 1.17% stake worth $50 billion in Alphabet, a 1.27% stake worth $35 billion in ⁠Microsoft and a 1.7% stake worth $34 billion in Taiwan Semiconductor Manufacturing, fund data showed. ...Less

The SEC has brought settled fraud charges against Adit Ventures Management, its founder Eric Munson and t ...More

The SEC has brought settled fraud charges against Adit Ventures Management, its founder Eric Munson and three partners over alleged misconduct involving pre-IPO investments in companies including Klarna and SpaceX. The case highlights growing scrutiny of private-market investment structures and concerns over transparency, conflicts of interest and investor exposure to high-profile private companies. ...Less

The letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concen ...More

The letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of companies, rather than indexing an entire market. While many VC firms spread bets across dozens of companies, Thrive’s strategy is much more focused. ...Less

Cognition would be expected to raise over $1 billion in the round, Bloomberg reported. The company may st ...More

Cognition would be expected to raise over $1 billion in the round, Bloomberg reported. The company may still decide not to raise capital, or seek financing with different terms. Founded in 2023, Cognition is backed by top venture firms including General Catalyst and Peter Thiel’s Founders Fund. ...Less

Anthropic is broadening its revolving credit facility past the initial target to prepare for its much-ant ...More

Anthropic is broadening its revolving credit facility past the initial target to prepare for its much-anticipated initial public offering. Multiple banks are looking to partake in the credit line, establishing their positions in the upcoming IPO. Bolstered by a surge in revenue, Anthropic is geared for its entrance onto Wall Street this fall. ...Less

Elon Musk highlighted artificial intelligence efficiency, focusing on intelligence per joule. This metric ...More

Elon Musk highlighted artificial intelligence efficiency, focusing on intelligence per joule. This metric addresses the growing energy demands of AI computations. Tech hubs face power grid constraints as data centers expand significantly. Autonomous vehicles and robotics will benefit from improved processing efficiency. Orbital computing and space-based solar arrays offer alternative energy solutions. ...Less

Anthropic is heading towards a potential record-breaking IPO, with investors reportedly expecting a valua ...More

Anthropic is heading towards a potential record-breaking IPO, with investors reportedly expecting a valuation of more than $2 trillion as the AI startup’s revenue continues to surge. The Claude maker’s rapid growth, strong demand for AI tools and lofty revenue projections are fuelling bullish expectations despite intensifying competition, regulatory pressure and other challenges. ...Less

SpaceX shares rebounded 6% after 900 million shares became eligible to trade following its first post-IPO ...More

SpaceX shares rebounded 6% after 900 million shares became eligible to trade following its first post-IPO lockup expiry, but investors remain cautious over future unlocks and potential volatility. ...Less

In July, Stripe and private equity firm Advent International made a joint offer to buy the digital paymen ...More

In July, Stripe and private equity firm Advent International made a joint offer to buy the digital payments pioneer for $60.50 a share, which would have valued PayPal at around $53 billion, according to media reports. PayPal has struggled to compete with other payments providers including Apple Pay and Google Pay. ...Less

The SEC alleged that the investment adviser had used "false claims and promises" to solicit investments i ...More

The SEC alleged that the investment adviser had used "false claims and promises" to solicit investments in Adit-managed funds and used client money for the firm's own benefit, including by taking unsecured loans on favorable terms ⁠without ⁠disclosure to clients. ...Less

The California-based company has approached investors in recent months, ⁠pitching ⁠new growth opportuniti ...More

The California-based company has approached investors in recent months, ⁠pitching ⁠new growth opportunities and financing strategies aimed at expanding its mobile-launch rocket program and spacecraft propulsion business as it seeks to evolve into a broader "space platform company," according to an email from an Astra fundraising adviser seen by Reuters. ...Less

SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, d ...More

SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, despite strong quarterly results. The stock decline coincided with reports of a SpaceX rocket part crashing into the Moon after drifting off course for nearly a year. Analysts drew a metaphorical link between the lunar impact and the company’s falling valuation. ...Less

SpaceX shares rose over 6% on Thursday in heavy trading, with more than $23 billion worth of shares chang ...More

SpaceX shares rose over 6% on Thursday in heavy trading, with more than $23 billion worth of shares changing hands — likely the busiest session since the company joined the Nasdaq 100 on July 7. The rally came despite the first of several scheduled lockup expiries, which more than doubled the number of publicly tradable shares by unlocking about 911.5 million additional shares (on top of the roughly 639 million already in the public float). ...Less

Elon Musk's compensation is setting new benchmarks for S&P 500 executive pay. Average CEO pay rose signif ...More

Elon Musk's compensation is setting new benchmarks for S&P 500 executive pay. Average CEO pay rose significantly, even as employee wages are facing pressure from artificial intelligence and labor board policies. Shareholder support for special executive awards is showing signs of decline. ...Less

Japan's MMX mission will blast off soon to collect Martian moon samples. The spacecraft will orbit Mars f ...More

Japan's MMX mission will blast off soon to collect Martian moon samples. The spacecraft will orbit Mars for three years and land on Phobos. This mission aims to understand Solar System origins and life's emergence. A rival Chinese mission also plans to return Mars samples around 2031. The Japanese mission could also prepare for future human exploration of Mars. ...Less

Retail investors bought SpaceX shares on Wednesday after a significant price drop. Individual traders pur ...More

Retail investors bought SpaceX shares on Wednesday after a significant price drop. Individual traders purchased over twenty-two million dollars worth of stock. This buying activity followed the company's first earnings report since its public debut. SpaceX shares experienced a notable decline, falling below one hundred ten dollars. The company reported increased AI revenue and new cloud agreements. ...Less

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-o ...More

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth in its Starlink and AI businesses. Despite the strong earnings, the stock fell in after-hours trading as investors reacted to a sharp rise in capital expenditure and concerns over upcoming IPO lock-up expirations. ...Less

Speaking to investors, Musk said the company’s internal financial projections had shifted from reaching t ...More

Speaking to investors, Musk said the company’s internal financial projections had shifted from reaching the milestone in 2031 to 2030, adding there was “a non-zero chance” it could happen as early as 2029. ...Less

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns rega ...More

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company's stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high, promising returns in under a year. ...Less

SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by th ...More

SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives. Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects. After a strong IPO, its stock is now under scrutiny, especially with the impending lock-up expiration. ...Less

SpaceX plans to build a terrestrial mobile service using acquired spectrum licenses. This move could chal ...More

SpaceX plans to build a terrestrial mobile service using acquired spectrum licenses. This move could challenge established wireless carriers like Verizon and AT&T. The company aims to integrate its satellite network with ground infrastructure for broader coverage. Analysts caution that building a nationwide network will require significant investment and time. Investors are watching closely as SpaceX pursues ambitious expansion in connectivity services. ...Less

SpaceX's investors are gearing up to challenge Elon Musk about the company's trajectory and financial sta ...More

SpaceX's investors are gearing up to challenge Elon Musk about the company's trajectory and financial stability as stock prices have plummeted since June's highs. Anticipated insider share sales could amplify trading fluctuations. Investors are particularly interested in Musk's insights on the Starship rocket launch tests and satellite network developments, especially given that SpaceX is grappling with serious financial losses. ...Less