The Archive

The president bought when the stock was in the mid-$150 range. SpaceX finished trading on Monday back at its IPO price of $135.

SpaceX was reportedly in talks to buy AI coding startup Cognition. SpaceX has already acquired Cursor as it races to catch up to rivals like OpenAI and Anthropic in enterprise AI.

“We're not necessarily building in a dogmatic fashion towards full autonomy.”

AI coding startup Cursor is now officially a part of SpaceX.

Congrats to the team!

AI teammate category just had its most significant new entrant yet

You’ll have to be fine with letting Grok sign into your online accounts, however. | Image: SpaceXAI SpaceXAI has introduced Grok Bot, an always-on AI agent service designed to behave like independent "AI teammates" that can do your work for you. The bots share their own cloud-based computer environment, and can sign into apps, tools, and websites you already use to complete multi-step workplace tasks, only coming back when their assigned work is completed or if something requires approval. Grok Bot (or Bots, as SpaceXAI inconsistently pluralizes it) is the latest push from Elon Musk's AI comp...

Privatize the profit, socialize the losses? | Image: Cath Virginia / The Verge, Getty Images Once, I had some questions about why SpaceX, Elon Musk's healthiest company, acquired xAI, his sickliest one. Now I have some questions about why we're calling the whole thing SpaceX. Look, what we have here, by revenue, is primarily a telecom company and a company that rents compute, according to SpaceX's first quarterly earnings statement as a public company. The space sector of the business didn't break a billion dollars this quarter and contributed only a touch over 10 percent of the company's rev...

Shares slide in pre-market trading even as group says its quarterly revenues nearly doubled.

SpaceX has ramped up its purchases of Tesla Megapacks for its xAI data centers.

SpaceX's AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX's quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its value, lost $1.5 billion this quarter, slightly less than in the same quarter last year. SpaceX made deals with Anthropic in May and Google in June to provide compute to the other two AI companies, putting it in competition with other neoclouds such as CoreWeave. The increased presen...

SpaceX is building a new power plant for xAI's Colossus data centers, but it won't remove existing, unpermitted turbines for many more months.

After years of pushing full speed ahead on AI, OpenAI CEO Sam Altman says maybe it’s time for the AI industry to “pace” itself. The comments came just days after one of OpenAI’s own models broke out of its test environment and got tangled up in a breach at Hugging Face — though as Equity’s hosts point out, sloppy security seems to have […]

Cursor says India is now its third-largest market globally and plans to expand local hiring and enterprise sales.

Nvidia on Monday said it is joining forces with Microsoft, SpaceX, IBM, and other tech companies to build and share open-source AI security tools. The new Open Secure AI Alliance said open tools are required to effectively defend against attacks from frontier models. The initiative is a direct response to mounting concerns over the safety of advanced AI systems after a rogue OpenAI model escaped containment and attacked another company during testing. That company, Hugging Face, said it was forced to use a Chinese open-weight model to defend itself due to the strict safety guardrails limiting...

AMD says it's going to invest up to $5 billion in Anthropic, while helping to expand the AI company's computing power, according to an announcement on Wednesday. As part of the new partnership, Anthropic will deploy up to 2 gigawatts of AMD's Instinct MI450 AI GPUs using the chipmaker's new Helios rack-scale system, as reported earlier by The Wall Street Journal. The companies plan to deploy the first gigawatt in the first half of 2027, building upon recent data center deals Anthropic has reached with SpaceX and TeraWulf. Anthropic has also signed AI infrastructure deals with Google, Broadcom...

AUUUUUGH | Image: Cath Virginia / The Verge, Getty Images Index funds are touted as one of the safest ways to invest. Rather than picking and choosing individual stocks, index funds let you bet on the market as a whole. So what happens when a company like SpaceX - a giant gamble, and, in my opinion, terribly overpriced - is fast-tracked into the Nasdaq-100? Does it suddenly threaten the stability of index funds based on the Nasdaq-100? Can a $1.77 trillion IPO crater the retirement funds of regular people who would ordinarily have no interest in investing in Elon Musk's meme stock? The answer...

The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.

SpaceXAI's Grok Build AI coding tool was spotted uploading users' entire codebases to Google Cloud before it was reported, and the company turned it off. The Register reports that Cereblab published findings on Monday showing how the Grok Build CLI was packaging and uploading entire code repositories, "including files it was told not to open and secrets deleted from history," significantly more data retention than similar tools like Claude Code. The researchers say that as of Monday, their tests show SpaceXAI's servers returning a "disable_codebase_upload: true" flag, and the codebase upload ...

Three big AI IPOs are set to generate more value than all the U.S. VC backed exits since 2000.

SpaceXAI continues to move faster than any other frontier lab on earth.

Elon Musk's tech company released the newest version of Grok on Wednesday, promising a cheaper, more efficient alternative to other powerful AI models.

SpaceX reportedly showed investors a "handset-like" AI device before going public. It could be another signal SpaceX wants to expand into wireless.

Meta is developing plans for a cloud infrastructure business, selling access to AI compute power and models. The move would pit it against the big cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.

Sources suggest Musk may be mulling big donation to Trump Accounts.

Nvidia has dominated the AI chip market for years, but the era of total dependence might be ending. OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a […]

a quiet day lets us reflect on some numbers from Jamin Ball.

Reflection AI will pay $150 million a month beginning July 1, 2026 through 2029 for immediate access to Nvidia's latest GB300 AI chips and supporting hardware across SpaceX's Colossus 2 data center near Memphis, Tennessee.

The former Sequoia Capital leader is filling an "existing vacancy" on SpaceX's board, days after the company went public in the largest IPO ever.

The administration is very likely wrong about Fable, but that is ultimately Anthropic's responsibility.