SpaceX and XAI, both companies led by Elon Musk, could merge ahead of the planned SpaceX IPO this year, according to a report From Reuters. It will bring together products like the Grok chatbot, the X platform, Starlink satellites and SpaceX rockets under one corporation. Company representatives have not publicly discussed this possibility. However, recent…
Tesla is ending production of the Model S sedan and Model X SUV, CEO Elon Musk announced on a conference call Wednesday. He said the company will make the final version of both electric vehicles in the next quarter. Musk said Tesla will build the Optimus robot at the same factory location in Fremont, California….
PayEx is reportedly lining up four major Wall Street banks for a 2026 IPO that could meet market needs. The company recently completed a tender offer at a valuation of $800 billion, and secondary market demand is skyrocketing. If SpaceX goes public anywhere near Rumors of $1.5 trillion valuationThis could trigger an IPO cascade for…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla reported better-than-expected fourth-quarter results after the bell on Wednesday, but revenue for the year dropped 3%, the first time on record the company has recorded an annual decline. The stock rose 3% in extended…
Tesla’s profit in 2025 fell 46% from the previous year as CEO Elon Musk took on a role in the Trump administration and federal electric vehicle subsidies were shut down by Congress, causing sales to decline. The electric vehicle company reported Wednesday that it reported a full-year profit of just $3.8 billion, the lowest in…
Elon Musk is eyeing a blockbuster SpaceX IPO sometime in June, according to financial Times. The billionaire reportedly wants the offer to coincide with both his birthday (June 28) and rare alignment of Mercury, Venus and Jupiter (occurring in early June). However, whenever it does happen, SpaceX’s IPO will likely be one of the largest…
Treasury Secretary Scott Bessent on Monday said he had cancelled all Treasury Department contracts with the consulting firm Booz Allen Hamilton, one of whose employees leaked the tax records of President Donald Trump, and the billionaires Jeff Bezos and Elon Musk, to media outlets. Booz Allen Hamilton’s stock price dropped by 8% on the heels…
The European Commission on Monday said it opened an investigation into Elon Musk’s X over the spreading of sexually explicit material by the AI chatbot Grok. The probe is being conducted under the European Union’s sweeping Digital Services Act (DSA) regulation. “The new investigation will assess whether the company properly assessed and mitigated risks associated…
Information from the conservative-leaning, AI-generated encyclopedia developed by Elon Musk’s xAI has begun to appear in replies to ChatGPT. XAI launched GrowWikipedia in October after Musk complained that Wikipedia was biased against conservatives. Reporters soon noted that while many articles appeared to be Copied directly from WikipediaGrow Wikipedia too claimed Pornography contributed to the AIDS…
Tesla is offering robotaxi rides to passengers in Austin without a human safety driver in the front seat. CEO Elon Musk Posted on its social media platform He then made a recruitment pitch for engineers interested in “solving real-world AI”, which he says will “potentially boost AGI”, to join the Tesla AI team. Tesla starts…
