Bye-bye corporate conglomerates. Hello personal conglomerates.
Elon Musk’s reported merger of SpaceX, XAI and Tesla is reminiscent of the heyday of General Electric – or perhaps the robber barons of the Gilded Age. Source link
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SpaceX seeks federal approval to launch 1 million solar-powered satellite data centers
SpaceX has filed a request The plan is to launch a constellation of 1 million solar-powered satellites in conjunction with the Federal Communications Commission, which it says will serve as data centers for artificial intelligence. The company’s filing presents a grand vision, not only describing these planned satellites as “the most efficient way to meet…
Amazon asks FCC to extend satellite limit as it buys more SpaceX rides
A United Launch Alliance Atlas V rocket is on the launch pad carrying Amazon’s Project Kuiper internet network satellites, which are expected to eventually rival Elon Musk’s Starlink system, at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on April 9, 2025. Steve Nesius | Reuters Amazon has asked the Federal Communications Commission…
Epstein files show Elon Musk planned visit to island, host at SpaceX
A cache of newly released documents from the Epstein files on Friday showed Elon Musk apparently corresponded with the convicted sex offender in 2012 and 2013, as they discussed meeting at Jeffrey Epstein’s private island and at Musk’s SpaceX facility in Southern California. The emails indicate Musk asked about attending the “wildest party,” hosted by…
Elon Musk’s SpaceX and xAI in talks to merge, report says
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 killing off the Model S and Model X
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….
SpaceX is coming to the public markets, and secondaries are already on fire
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 (TSLA) Q4 2025 earnings
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 profit tanked 46% in 2025
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 reportedly wants a June SpaceX IPO to align with his birthday, the planets
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…