Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber has confirmed. The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by…
Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk said a primary reason for merging SpaceX with his artificial intelligence startup, xAI, is to more effectively build “orbital data centers.”…
A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration’s (NOAA) weather satellite Geostationary Operational Environmental Satellite U (GOES-U) lifts off from Launch Complex 39A at NASA’s Kennedy Space Center, Florida, June 25, 2024. Miguel J. Rodriguez Carrillo | AFP | Getty Images Elon Musk is combining rocket maker SpaceX with his artificial…
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space, in Van Horn, Texas, July 20, 2021. Joe Raedle | Getty Images Jeff Bezos‘ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites into…
Crew-11 mission astronauts wave as they depart the Neil A. Armstrong Operations and Checkout Building en route to launch complex LC-39A at the Kennedy Space Center in Cape Canaveral, Florida on August 1, 2025. From L/R are Roscosmos cosmonaut Oleg Platonov, NASA astronaut Mike Fincke, NASA astronaut and mission commander Zena Cardman and JAXA astronaut…
Charlie Ergen Karl Gehring | Dever Post | Getty Images Wall Street grew increasingly obsessed with the artificial intelligence boom this year, pouring money into chips, data centers and applications. But investors looking beyond Silicon Valley found outsized returns in another location: space. Some of the year’s biggest market winners were defense companies that benefited…
The LKAB facility in Kiruna, Sweden. The company said on Jan. 12 that it found Europe’s biggest known deposit of rare earth elements there. Jonas Ekstromer | Afp | Getty Images The ripple effects from Europe’s growing appetite for raw materials extend all the way to Sweden’s far north. Thousands of residents and buildings are…
Recently appointed NASA Administrator Jared Isaacman on Friday told CNBC that the U.S. will return to the moon within President Donald Trump’s second term. Isaacman, a close ally of SpaceX CEO Elon Musk, told CNBC’s “Closing Bell Overtime” that Trump’s recommitment to exploring the moon is key to unlocking the “orbital economy.” “We want to…
The Starcloud-1 satellite is launched into space from a SpaceX rocket on November 2, 2025. Courtesy: SpaceX | Starcloud Nvidia-backed startup Starcloud trained an artificial intelligence model from space for the first time, signaling a new era for orbital data centers that could alleviate Earth’s escalating digital infrastructure crisis. Last month, the Washington-based company launched…
Artificial intelligence has created a device that turns moon dust into energy. The moon vacuum, which was unveiled on Wednesday by Blue Origin at Amazon‘s re:Invent 2025 conference in Las Vegas, was built using critical technology from startup Istari Digital. “So what it does is sucks up moon dust and it extracts the heat from…
