The per-share price of $212 is up substantially from the $185 set in a prior transaction that valued SpaceX at $350 billion in December. The deal marks a rapidly climbing values for the rocket and satellite maker,

Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month.

The SpaceX collaboration signals Amazon’s rush to deploy half of its initial constellation before the July 2026 deadline imposed by US regulators.

Of all the threats that President Donald Trump and Elon Musk hurled at one another as their alliance fell apart, those targeting Musk’s contracts with the US government have the potential to do the most damage.

Musk said "Tesla would have invested in xAI long ago" if it was up to him.

Just days ago, xAI had to briefly suspend the AI tool because users found it was giving Nazi-friendly answers to questions like praising dictator Adolf Hitler and blaming Jews for various global

Linda Yaccarino resigned as CEO of X amidst turmoil in Elon Musk's empire, marked by high-profile departures across Tesla, SpaceX, and X. Fourteen sen

Right at the center of this mess is Elon Musk, Tesla’s CEO, whose dabbling in politics has played a big role (really changed the game) in the problems the company now faces. Elon Musk’s political journey took an interesting twist when he openly backed Donald Trump during his presidential run.