SpaceX makes history with the largest IPO ever, surging 19% to close at $161 per share and hitting a $2 trillion valuation, driven by its $250 billion xAI acquisition and orbital AI data center plans, even as critics warn a massive AI valuation bubble may be forming in real time.
Elon Musk's public claims about SpaceX's compute deal with Anthropic directly contradict SpaceX's own SEC S-1 filing, which describes a three-year, $1.25 billion-per-month cloud services agreement through May 2029 — raising serious legal concerns about potential material misrepresentation during a quiet period while marketing securities to investors.
OpenAI pushes toward a September IPO backed by Goldman Sachs and Morgan Stanley, just as Elon Musk loses his lawsuit against the company and prepares SpaceX's own IPO filing, setting up a high-stakes financial rivalry between two of tech's biggest names.
Jeff Bezos calls space-based data centers 'very realistic' but pushes back on Elon Musk's aggressive 2-3 year timeline, as Blue Origin targets a 2027 launch for 'Project Sunrise,' a bold plan to deploy 51,600 data center satellites into low Earth orbit, while space stocks surge amid SpaceX's anticipated IPO at …
Google and SpaceX are in active talks to launch orbital data centers in space, though current analysis suggests terrestrial data centers remain far more cost-effective once satellite construction and launch costs are factored in.
Elon Musk merges xAI into SpaceX, dissolving it as an independent company and creating a new internal division called SpaceXAI to oversee X and Grok, deeply integrating AI across SpaceX's operations and connecting it to the company's $119 billion TERAFAB semiconductor fab and upcoming Starship V3.
Anthropic secures a massive deal with SpaceX for 220,000 Nvidia GPUs and 300 megawatts of compute power, lifts usage caps for paid subscribers, and explores building orbital AI data centers in space as AI demand continues to surge.
Meta secures a landmark deal with startup Overview Energy for up to 1 gigawatt of space-based solar power, harnessing satellite-collected energy to fuel its rapidly expanding AI data centers.
Starcloud raises $170M at a $1.1B valuation to build AI data centers in orbit, already operating a satellite with an Nvidia H100 GPU, though major technical and cost hurdles — including chip cooling, power generation, and reliance on frequent SpaceX Starship launches not expected until 2028 — still stand between …
Elon Musk launches Terafab, a $20 billion joint chip manufacturing venture between Tesla, SpaceX, and xAI in Austin, Texas, targeting a terawatt of annual computing power to fuel self-driving, robotics, and space applications.