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Musk Signals 180-Day Compute Lease With Anthropic Ahead of SpaceX IPO
artificial-intelligence19 hours ago

Musk Signals 180-Day Compute Lease With Anthropic Ahead of SpaceX IPO

Elon Musk said SpaceX's Colossus data center lease to Anthropic is a 180‑day arrangement (with a mutual 90‑day cancellation option), a move that could serve as a proof of concept while SpaceX pursues an IPO. Gizmodo notes that SpaceX's S‑1 filing describes a longer three‑year deal with upfront monthly payments, suggesting the company may reallocate compute if needed, while both sides appear prepared for revisions before any long‑term commitment.

via Gizmodo|
#anthropic#artificial-intelligence#elon-musk
Musk Eyes Tesla–SpaceX Merger Amid Self-Dealing Concerns as SpaceX IPO Looms
business2 days ago

Musk Eyes Tesla–SpaceX Merger Amid Self-Dealing Concerns as SpaceX IPO Looms

Elon Musk is reportedly floating a Tesla–SpaceX merger ahead of SpaceX’s Nasdaq IPO, which would mark a fourth billion-dollar self-deal involving companies he controls. SpaceX aims for a valuation up to $1.75 trillion with a large raise, potentially pushing a combined Tesla–SpaceX past $3 trillion, while Musk rations voting power heavily in SpaceX. Critics say this pattern—SolarCity, Twitter/X, xAI, and now a Tesla–SpaceX tie—acts to benefit Musk personally at independent shareholders’ expense, though some see strategic upside. Regulators and shareholders are likely to scrutinize the move, underscoring the need for stronger oversight.

via Electrek|
#business#elon-musk#merger
Solar gospel to gas-powered AI: Musk’s pivot as SpaceX eyes a $2T IPO
technology4 days ago

Solar gospel to gas-powered AI: Musk’s pivot as SpaceX eyes a $2T IPO

Once a vocal advocate for a 100-by-100 mile solar solution to power the U.S., Elon Musk now runs xAI's Grok on 62 unpermitted methane gas turbines at two data centers, and has begun selling compute to Anthropic while positioning a space-based solar pitch to justify SpaceX’s planned $1.75–$2 trillion IPO. Grok’s popularity has fallen, the economics of orbital data centers remain dubious, and Musk’s pivot appears driven more by financial engineering for an IPO than by a practical solar energy revolution.

via Electrek|
#elon-musk#grok#solar-energy
SpaceX IPO Could Nudge Tesla, but Musk Keeps Two Mega‑Companies
business5 days ago

SpaceX IPO Could Nudge Tesla, but Musk Keeps Two Mega‑Companies

SpaceX’s planned $75 billion IPO, with a valuation well above $2 trillion, could tempt some Tesla holders to shift funds but is unlikely to meaningfully derail Tesla. Investor demand for SpaceX is high, but tech IPOs at 80x+ sales can retreat about 50% over three years. Meanwhile, Tesla’s stock is seen as more influenced by AI progress, its robo-taxi rollout, and the new Optimus robot, making the SpaceX IPO a potential headwind rather than a crash for Tesla.

via Barron's|
#business#elon-musk#ipo-valuation
SpaceX IPO Could Push Elon Musk Past $1 Trillion, Redrawing Wealth Landscape
economy-and-geopolitics6 days ago

SpaceX IPO Could Push Elon Musk Past $1 Trillion, Redrawing Wealth Landscape

If SpaceX reaches a $1.75–$2 trillion IPO, Elon Musk’s combined Tesla and SpaceX wealth could top $1 trillion, making him the first trillionaire and underscoring a three-percent‑of‑GDP concentration that could trigger political backlash and wealth‑tax debates, with California’s upcoming Billionaire Tax Act and AI infrastructure plays (NVIDIA/xAI) shaping the policy and investor response.

via 24/7 Wall St.|
#economy-and-geopolitics#elon-musk#note-polymarket-mentioned-but-not-included-as-a-tag
SpaceX IPO details push Musk’s net worth to a record $722B
business6 days ago

SpaceX IPO details push Musk’s net worth to a record $722B

Elon Musk’s estimated net worth jumped to a record $722 billion after SpaceX’s IPO prospectus revealed only a tiny pledge of his SpaceX shares as collateral, prompting Bloomberg to remove a $45 billion liability and boosting his wealth by that amount for the year amid soaring Tesla and SpaceX valuations—with Musk owning about 11% of Tesla and roughly 50% of SpaceX, which is valued north of $1.5 trillion and could further expand his stake via recent pay packages.

via Business Insider|
#bloomberg-billionaires-index#business#elon-musk
SpaceX IPO Filing Exposes the Reality Behind Musk’s Twitter Revenue Dreams
business6 days ago

SpaceX IPO Filing Exposes the Reality Behind Musk’s Twitter Revenue Dreams

SpaceX’s S-1 filing shows Elon Musk’s Twitter revenue projections were largely fantasy. When X merged with xAI and SpaceX, 2025 revenue totaled about $3.2B (combining X and Grok), far short of the $26.4B Musk pitched for 2028. As of March 2026, paid subscribers numbered about 6.3M (roughly 4.4M X Premium and 1.9M Grok), yielding around $365M in revenue—not the massive subscription wave promised. The payments business launched late and AI losses exceeded $6B, while ad revenue barely nudged upward. The SpaceX IPO may unlock value by bundling the stack, but the underlying results reveal a stark gap between projections and reality.

via Techdirt.|
#business#elon-musk#ipo
Nicki Minaj’s MAGA Pivot Shines at SpaceX Starship Debacle
politics7 days ago

Nicki Minaj’s MAGA Pivot Shines at SpaceX Starship Debacle

MAGA rapper Nicki Minaj made a conspicuous MAGA-friendly cameo at SpaceX’s Starbase during a Starship launch that was canceled due to a hydraulic pin malfunction. Elon Musk said another attempt would come the next day as SpaceX staff riffed on her hit lyrics. Minaj has publicly aligned with Donald Trump since 2025, appeared at Turning Point USA events and even held hands with the president at a White House moment, while insisting she once hid her political beliefs to keep fans — a move that highlights the optics around her MAGA pivot amid SpaceX’s ongoing starship testing.

via The Daily Beast|
#donald-trump#elon-musk#maga
SpaceX's IPO Prospectus Reveals Cybertruck Purchases, Cosmic Ambitions, and Grok Warnings
technology7 days ago

SpaceX's IPO Prospectus Reveals Cybertruck Purchases, Cosmic Ambitions, and Grok Warnings

SpaceX's 300+ page investor prospectus for its planned $1.75 trillion IPO reveals hefty intercompany spending (notably $131 million on Tesla Cybertrucks), bold Moon and Mars colonization ambitions, AI-related Grok risks from xAI, rising Musk security costs, and a frank caveat that SpaceX may not become profitable given its large, risky investments in experimental tech.

via The Guardian|
#business#elon-musk#ipo
Anthropic signs a $15B/year SpaceX data-center compute deal
science8 days ago

Anthropic signs a $15B/year SpaceX data-center compute deal

The Verge reports that SpaceX’s IPO filing reveals Anthropic will pay about $1.25 billion per month through May 2029 for access to SpaceX’s Colossus I and II AI training centers, about $15 billion annually and potentially double SpaceX’s 2025 revenue. The deal includes a 90-day termination clause and reduced fees during ramp-up, underscoring the AI compute crunch and SpaceX’s heavy investment in AI, with Musk signaling similar compute deals could be offered to others.

via The Verge|
#ai#anthropic#data-centers
Elon Musk's corporate web: SpaceX's S-1 uncovers hundreds of millions in internal deals
business8 days ago

Elon Musk's corporate web: SpaceX's S-1 uncovers hundreds of millions in internal deals

SpaceX's S-1 filing reveals Elon Musk's companies paid each other hundreds of millions of dollars last year, including SpaceX paying Tesla $144 million and xAI paying Tesla $506 million, with total intercompany spending around $650–$660 million. The transactions cover Megapack battery projects, Cybertrucks, aircraft use, office space, and security, plus tunnel work by The Boring Company. Tesla even owns a stake in SpaceX, underscoring a deeply interconnected ecosystem that the filing says could benefit investors despite potential conflicts of interest. The document also hints at ongoing collaboration on initiatives like Macrohard and Terafab, signaling a long-term strategic relationship.

via Business Insider|
#business#elon-musk#intercompany-transactions
Nyong’o Breaks Silence on Odyssey Casting Amid MAGA Backlash
celebrity8 days ago

Nyong’o Breaks Silence on Odyssey Casting Amid MAGA Backlash

Lupita Nyong’o says she’s honored to portray Helen of Troy in Christopher Nolan’s Odyssey and won’t spend time defending the casting amid a MAGA-fueled backlash led by Elon Musk; she trusts Nolan’s vision and notes the diverse cast (Damon, Hathaway, Theron, Zendaya, Holland, Pattinson) aims to reflect the world, while The Odyssey opens July 17.

via The Daily Beast|
#alec-baldwin#celebrity#christopher-nolan
Musk v. Altman: The Statute of Limitations Trial that Revealed More Feuds Than Facts
technology8 days ago

Musk v. Altman: The Statute of Limitations Trial that Revealed More Feuds Than Facts

Verge reporter Liz Lopatto analyzes the Musk v. Altman trial, where the jury ruled Musk filed too late to prosecute the charitable‑trust claim. The case largely turned on personal vendettas, leadership dynamics in OpenAI, and industry intrigue, with Microsoft playing a stabilizing role behind the scenes. The trial exposed immaturity in AI leadership and questions about Grok’s effectiveness, but it’s unlikely to derail OpenAI in the near term; expect appeals and continued industry scrutiny as the saga drags on.

via theverge.com|
#ai#court-case#elon-musk