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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.
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