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XAI ACQUISITION
Elon Musk Net Worth: From $788,800,000,000 today to a possible $1,000,000,000,000 after SpaceX IPO— How much would each of his 14 children get?Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some project...
SpaceX IPO: Elon Musk's AI ambitions fueling space data centers & trillionaire dreamsSpaceX's upcoming IPO, fueled by immense investor demand, could propel Elon Musk to trillionaire status. Beyond its space ambitions, the co...
SpaceX lowers IPO valuation target to at least $1.8 trillionBloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations...
Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
New York, California pension leaders oppose 'extreme' SpaceX control structureUS pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New...
Microsoft eyeing startup deals for life after OpenAIMicrosoft is actively seeking AI startups for potential acquisitions. This move aims to bolster its AI talent and develop a cutting-edge AI...
Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposedElon Musk has settled a civil lawsuit with the US Securities and Exchange Commission. The case involved his delayed disclosure of initial p...
Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
At SpaceX, AI is burning the cash that Starlink earnsSpaceX's ambitious IPO plans reveal a pivot towards AI, with significant capital spending allocated to its AI division, xAI. While Starlink...
At SpaceX, AI is burning the cash that Starlink earnsSpaceX's IPO pitch reveals a significant shift towards AI, with the company's AI division consuming 61% of its 2025 capital spending. Despi...
SpaceX says it has option to acquire startup Cursor for $60 billionSpaceX is exploring a significant move into AI developer tools by securing an option to acquire code-generation startup Cursor for $60 bill...
$5 billion loss in 2025! Should you still bet on SpaceX IPO?SpaceX IPO narrative intensifies after massive 2025 loss and soaring revenue expansion reportedly. Investors weigh $1.75 trillion SpaceX IP...
SpaceX posted nearly $5 billion loss in 2025: The InformationSpaceX reported a nearly $5 billion loss in 2025 despite strong revenue, partly due to its acquisition of xAI. The company remains profitab...
xAI CFO Anthony Armstrong leaves the company: ReportAnthony Armstrong, xAI's Chief Financial Officer, has left the company. This departure is part of a larger trend of senior staff exits. Arm...
Prometheus bound: Why xAI cofounder and former OpenAI hand Kyle Kosic is heading to Jeff Bezos’ AI ventureJeff Bezos’ AI venture Project Prometheus has hired Kyle Kosic, a former OpenAI engineer and xAI cofounder, to strengthen its infrastructur...
SpaceX's business and finances: Rockets, satellite communications and budding AISpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket laun...
Musk’s xAI sees exit of last cofounder Ross Nordeen: ReportElon Musk’s AI startup xAI has seen the departure of its remaining two cofounders, Manuel Kroiss and Ross Nordeen, according to a report by...
Saudi's Humain invested $3 billion in xAI's Series E funding roundSaudi Arabia is boosting its artificial intelligence ambitions as it seeks to capitalize on the growing demand for compute capacity and di...
Elon Musk appoints ex-Morgan Stanley banker Anthony Armstrong as CFO of $113 bn xAI groupElon Musk has appointed former Morgan Stanley banker Anthony Armstrong as the new CFO of his AI venture, xAI. Armstrong, who advised on the...
Come December and Elon Musk is ready to take on the mighty Silicon Valley tech giants with this product; what is it? Here's all you need to knowElon Musk’s xAI is set to disrupt the AI market with a new chatbot app launching this December, poised to take on OpenAI’s ChatGPT.