SpaceX Exec Says Starship Will Generate Revenue for First Time 'Later This Month'
Space Exploration Technologies Corp. (NASDAQ:SPCX) Chief Financial Officer Bret Johnsen says Starship will generate revenue for the first time later this month, as Elon Musk's space company moves
Watching SpaceX; Trading Desks Mentioning SpaceX Nasdaq-100 Weight Rises From 1.25% As Lockup Expirations Lift Free Float, Forcing Net Passive Buying; Rebalance Results Due September 11, Effective September 21
Watching SpaceX; Trading Desks Mentioning SpaceX Nasdaq-100 Weight Rises From 1.25% As Lockup Expirations Lift Free Float, Forcing Net Passive Buying; Rebalance Results Due September 11, Effective
EXCLUSIVE: Anthropic's $1.2 Trillion Valuation Has A SpaceX Problem: Scarcity, Not Fundamentals
Anthropic's soaring private-market valuation may say as much about the scarcity of its shares and the broader frenzy around artificial intelligence as it does about the company's underlying
SPCX CFO Bret Johnsen Says China Has an 'Amazing Space Program' — But It's 'Not on a Starship Level'
Space Exploration Technologies Corp. (NASDAQ:SPCX) CFO Bret Johnsen said China has an "amazing space program" but still falls far short of matching Starship, arguing SpaceX's reusable launch system
OpenAI Said to Be Weighing Slower Development of Cutting-edge AI
SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target
Space Exploration Technologies Corp.'s (NASDAQ:SPCX) Chief Financial Officer Bret Johnsen says the company has closed another compute agreement that would help the Elon Musk-led space giant reach
SpaceX Secures Major AI Computing Contract; CFO Projects Year-End ARR to Reach $100 Billion, with First Space-Based Computing Satellite Launch Scheduled for Next Year
SpaceX CFO Johnsen stated that the new contract will generate $1.1 billion in monthly revenue starting in December. He expects the upcoming Starship flight, scheduled for this month, to generate revenue for the first time. SpaceX plans to launch its first batch of orbital computing satellites next year. The company projects that its ground-based computing deployment capacity will exceed 2GW by the end of this year and further expand to between 5GW and 10GW next year. Additionally, SpaceX intends to sequentially launch its next generation of direct-to-cell satellites next year, aiming to commence services in the first half of 2028 with an upgrade to "full 5G quality" service.
Congresswoman Bets on Elon Musk, Warren Buffett: Here's the Latest Stock Transactions
Retail investors often monitor the trading activity of members of Congress. Investors may want to pay particular attention to recent trades from one member, with stocks connected to Elon Musk and
SpaceX Signs $1 Billion-a-month AI Hosting Deal
SpaceX Overhauls AI Data Center Construction Model: Slows Expansion, Prioritizes Reliability
According to media reports, Musk has implemented large-scale adjustments to the data center management team, appointing a veteran from the rocket business as the head. The new management team requires more comprehensive testing and the installation of additional power and cooling backup systems before the data centers become operational, prioritizing higher reliability over construction speed. Last week's power outage at the Memphis data center caused partial downtime for the Grok model and had cascading effects on compute-leasing customers such as Anthropic and Google.
Billionaire Investor Added SpaceX to His Portfolio Right After the IPO
Dan Loeb's Third Point opened a position in Space Exploration Technologies Corp. (NASDAQ:SPCX) during the second quarter, holding 180,415 Class A shares worth about $31 million as of June 30.On June 1
SpaceX has secured a satellite services contract worth approximately $40 million from the UK government, making it the first country outside the United States to publicly adopt Starshield.
On September 10, Reuters reported that SpaceX had secured approximately $40 million from the UK government to provide satellite services, deepening the country’s reliance on military communication services offered by Elon Musk’s companies. The UK thus became the first nation outside the United States to publicly confirm its adoption of Starshield, a service designed by SpaceX for military and intelligence missions, whereas Starlink primarily targets consumer and commercial customers.
Elon Musk's SpaceX Just Gave Starlink a Major Wi-Fi Upgrade With Its New 4th-Gen Router
Billionaire Elon Musk-led Space Exploration Technologies Corp. (NASDAQ:SPCX) has revealed the Starlink satellite internet service's fourth-generation router, promising better connectivity and water-
Ted Cruz Warns 'Whole World Is In Trouble' If China Leads AI, Urges US to Act on 'Dangerous and Frightening' Risks
Sen. Ted Cruz (R-Texas) warned that the rapid development of artificial intelligence poses serious and potentially catastrophic risks while urging the U.S. to establish safeguards without falling
Elon Musk Says Autopilot Wasn't in Use During Tesla Crash, Slams 'Legacy Media'
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has pushed back against coverage of a fatal New York City crash involving a Tesla vehicle, saying the company's driver-assistance technology was not involved
OpenAI and Anthropic Lobby S&P for BBB- Rating: Nearing Trillion-Dollar Valuations Amid Persistent Losses Challenge Credit Thresholds
AI laboratories such as OpenAI and Anthropic are lobbying S&P and Moody's to secure a BBB- investment-grade credit rating, akin to that of Oracle, in order to broaden their financing channels. However, the financial profiles of these entities differ significantly: while AI labs boast valuations nearing $1 trillion, they continue to incur losses, whereas Oracle maintains stable profitability but carries a debt burden of $168 billion. Rating agencies face a dilemma: overly lenient standards would underestimate risk, while excessively stringent criteria could draw criticism for being outdated.
SpaceX Falls More Than 4% as 319 Million Shares Unlock
Space Exploration Technologies Corp. (NASDAQ:SPCX) shares fell more than 4% Wednesday as up to 319 million previously locked-up shares became eligible for sale, more than erasing the stock's gain a
Forget 5X ETFs. Nvidia, Tesla, SpaceX and Palantir Could Soon Get Hourly 2X Bets
The leveraged ETF market is not just getting more aggressive. It is getting faster.Defiance ETFs has filed plans for a new batch of 2X single-stock ETFs that would reset their exposure six times
QUICK SPARK: SpaceX Lockup Alert — 319 Million SPCX Shares Unlock Today
Space Exploration Technologies Corp (NASDAQ:SPCX) is hitting a 90-calendar-day early-release milestone that unlocks a large tranche of insider shares for sale, potentially adding significant selling
Elon Musk Spooked Howmet. GE Just Validated the Bull Case
Sometimes, a stock's first reaction tells only part of the story. On Aug. 30, Elon Musk said Space Exploration Technologies Corp. (NASDAQ:SPCX) would begin manufacturing gas turbine blades and vanes