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WiredSpaceX submitted an IPO filing that reported X has 550 million monthly active users and detailed financial results for its xAI unit. The filing also outlined potential legal and reputational risks tied to Grok's less-restricted modes.
Investor Ron Baron disclosed plans to purchase an additional $1 billion of SpaceX shares when the company goes public. He cited the firm's transformative potential and Starlink's global ambitions. SpaceX is projected to trade above a $2 trillion valuation.
foxnews.comElon Musk has leased the world's largest supercomputer, known as Colossus 1, to Anthropic. The move comes three months after Musk publicly described Anthropic as "evil," "misanthropic," and opposed to Western civilization on X. The lease is intended to generate revenue for SpaceX…
Japan TimesSpaceX has put in place corporate governance policies that combine supervoting shares, mandatory arbitration and limits on shareholder proposals under Texas law. The structure will give its founder and CEO virtually unchecked executive authority and restrict investors' ability to…
New York PostElon Musk announced Wednesday that SpaceX will provide compute capacity from its Memphis facility to Anthropic after the AI company demonstrated efforts to ensure its technology benefits humanity. The deal supplies Anthropic with 300 megawatts from more than 220,000 Nvidia proces…
WiredRandi Weingarten, president of the American Federation of Teachers, sent a letter to the US Securities and Exchange Commission on Wednesday calling for detailed review of SpaceX’s planned initial public offering. The IPO is expected to be the largest ever, valuing the company abo…
SpaceX is conducting closed-door meetings with analysts this week at its Starbase facility in Texas and Colossus data center in Tennessee as part of preparations for a $75 billion initial public offering. The events target a late June trading debut and aim to support a $1.75 tril…