Spacex
Source reports covering Spacex. Stories will appear when analysis and community reactions are ready.
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Source reports
SpaceX locks in $40B GPU financing deal with Apollo
news
2 min read
SpaceX has secured a binding commitment for roughly $40 billion in financing for AI chips and related data-center equipment through an Apollo Global Management-managed entity. Apollo will purchase the GPUs and server hardware and lease them to SpaceX for about five to five-and-a-quarter years, beginning as each equipment tranche is delivered. SpaceX expects the transaction to close by the end of 2026, subject to closing conditions, with leases starting in the first half of 2027. Apollo said the financing will support delivery of Nvidia’s next-generation Vera Rubin chips for SpaceX’s terrestrial computing buildout. SpaceX CFO Bret Johnsen said the lease diversifies the company’s funding sources and supports its growth plans, adding that its AI infrastructure investments are seeing payback periods of less than one year as it expands compute for Grok and cloud services. SpaceX’s AI segment, including Grok, Cursor and cloud computing, generated $7.6 billion of the company’s $14.6 billion in third-quarter revenue. Capital expenditures reached nearly $20 billion, up from $6.9 billion a year earlier, and SpaceX expects to spend $35 billion to $40 billion in the fourth quarter. Elon Musk said companies focused solely on renting GPUs may face consolidation as debt investors become more wary of high AI infrastructure spending and limited profits.
Tesla and SpaceX form board committees to explore $3.5T merger around AI
news
1 min read
Elon Musk disclosed that Tesla and SpaceX have formed independent board committees to explore a merger. The proposed combination would create a company valued at roughly $3.5 trillion. No further details were provided about the committees’ membership, a potential transaction structure, timing, or whether the companies will proceed with a merger.
SpaceX’s AI business is beating expectations
news
3 min read
SpaceX reported $14.6 billion in third-quarter revenue and $4.4 billion in net income, reversing a $1 billion loss in the same quarter a year earlier, according to a regulatory filing cited by TechCrunch. Its renamed “Super Intelligence” segment generated $7.5 billion in revenue from Cursor, Grok, and a neocloud operation with 1.7 gigawatts of compute capacity. The segment recorded $431 million in profit after $1.2 billion in one-time stock-based compensation tied to the Cursor acquisition. AI-related businesses accounted for 52% of SpaceX income, TechCrunch reported. Total capital expenditures reached $19.6 billion as SpaceX built Colossus II in Memphis and invested in Starship and Starlink. CFO Bret Johnsen said the company expected $35 billion to $40 billion in fourth-quarter capital investment. Elon Musk said power, cooling, and other infrastructure—not chips—were the primary constraints on deploying advanced AI systems, and said SpaceX was using its metal-casting capabilities to accelerate turbine procurement. Starlink reached 13.6 million consumer subscribers. Musk said a November Starship test flight would attempt to recover both the booster and second stage, while Johnsen forecast $33 billion to $37 billion in first-quarter 2027 revenue. Musk projected $500 billion to $1 trillion in annual recurring revenue for the Super Intelligence segment by the end of 2027.
Cursor is now a part of SpaceX
news
1 min read
Cursor has been acquired by SpaceX, finalizing a process that began in April with a partnership to enhance model training efforts. The acquisition aims to advance Cursor's capabilities in developing AI teammates for real work applications.
Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake
news
1 min read
Google holds $94.1 billion in SpaceX shares, representing approximately a 6% stake in the company. Of this amount, $80 billion is subject to short-term sale restrictions and $14.1 billion is subject to long-term restrictions until the third quarter of 2027.
Traders are increasingly betting against SpaceX just weeks after IPO
news
1 min read
Traders are increasingly shorting SpaceX's stock following its recent IPO. This trend indicates growing skepticism about the company's future performance in the market.
SpaceX stock erases all its gains and slides below IPO price in intraday trading
news
3 min read
SpaceX stock fell below its initial public offering price of $135 for the first time, reflecting a decline in market enthusiasm for the company. This drop marks a significant loss for a stock that previously experienced substantial gains.
SpaceX bond worth 10% less than issue price – heading for junk bond status
news
3 min read
SpaceX's stock has declined by 38% from its peak post-IPO valuation. The company's market cap previously surpassed that of Amazon and Microsoft.
SpaceX sheds $400B in market value as debut rally hits reverse
news
1 min read
SpaceX has experienced a decline of $400 billion in market value following a reversal of its initial public offering rally. This significant drop reflects investor concerns and market volatility surrounding the company.
SpaceX to buy Cursor AI coding agent operator Anysphere for $60B
news
1 min read
SpaceX plans to acquire Anysphere, the operator of the Cursor AI coding agent, for $60 billion. This acquisition aims to enhance SpaceX's software development capabilities.
Thermodynamics rules future orbital data centers
news
14 min read
Cooling GPUs in space presents significant challenges due to the need for innovative designs to manage heat dissipation. Companies like SpaceX and Google are investing in orbital data centers, with SpaceX planning a constellation of these facilities and Google launching Project Sunc.
xAI is looking more like a datacentre REIT than a frontier lab
opinion
5 min read
xAI has formed new partnerships with Anthropic and Google, significantly increasing its operational capacity. Following its merger with SpaceX in February, revenue from these partnerships will contribute to xAI's financial performance ahead of SpaceX's IPO.
S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
news
2 min read
S&P Dow Jones Indices has denied SpaceX's request for expedited entry into the S&P 500, maintaining its rules for inclusion. The decision also affects other unprofitable AI companies, such as OpenAI and Anthropic, which are similarly blocked from entry.
Google to pay SpaceX $920M a month for compute capacity at xAI data centers
news
4 min read
Google will pay SpaceX $920 million a month for AI compute capacity at SpaceX's data centers, utilizing approximately 110,000 Nvidia graphics processing units along with other hardware components. The agreement is effective from October 2023 through June 2029.
SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P
news
1 min read
S&P Dow Jones Indices will maintain its 12-month seasoning period for newly public companies, denying fast entry for major IPOs like SpaceX. This decision will delay billions of dollars in investments from passive funds.
The SpaceX IPO Will Be the Theft of the Century
opinion
11 min read
The SpaceX IPO is predicted to benefit insiders financially while potentially failing as a business. The company's value is heavily reliant on the success of the Starship project.
Morningstar values SpaceX at $780B, half its IPO target
news
2 min read
Morningstar analysts value SpaceX at $780 billion, which is less than half of its IPO target. Uncertainties surround the company's artificial intelligence business, including xAI and the social media platform X, due to unclear economics and competition from OpenAI and Anthropic.
Michael Burry says neither SpaceX nor Anthropic is worth $1T
opinion
2 min read
Michael Burry expressed skepticism about the valuations of SpaceX and Anthropic, stating they are not worth $1 trillion. He indicated that any potential increase in SpaceX's stock would be driven by hype and technicals, not by its fundamentals.
Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
news
1 min read
SpaceX plans to raise $75 billion through an initial public offering starting June 12 on the Nasdaq exchange. Anthropic filed draft paperwork for its IPO on June 1, and OpenAI is also preparing for a significant stock market listing.
Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
news
1 min read
A $25 billion Danish pension fund has blacklisted SpaceX, citing concerns over its "catastrophic governance structure" and labeling the company as "grossly overvalued." SpaceX is targeting a valuation of at least $1.8 trillion for its initial public offering.
SpaceX wants to launch a million satellites
opinion
6 min read
SpaceX plans to launch one million satellites into orbit, which could significantly impact the atmosphere and the visibility of the night sky. Scientists express concern over the long-term effects of such a massive increase in satellite presence, including potential air pollution and emissions.
SpaceX says it has agreement to acquire Cursor for $60B
tool
1 min read
SpaceXAI and are now working closely together to create the world’s best coding and knowledge work AI. The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will Post Conversation New to X? Sign up now to get your own personalized timeline! Google で登録Google で登録。新しいタブで開きます Create account
SpaceX Is Basically a Huge Meme Stock
opinion
5 min read
SpaceX is preparing for an initial public offering (IPO) that could achieve a valuation of $2 trillion, making it potentially the largest IPO in history. Despite current financial losses, the company is expected to become the most expensive stock in the market upon going public.
A forecast of the fair market value of SpaceX's businesses
opinion
3 min read
SpaceX filed confidentially for an IPO on April 1, 2026, aiming for a valuation of $1.75 trillion with a potential listing in June. If successful, this would mark the largest IPO in history.
The SpaceX IPO: retail investor notes
news
1 min read
The SpaceX IPO is expected to attract significant interest from retail investors. Factors contributing to this interest include the company's innovative technology and potential for future growth.
Elon Musk links SpaceX and xAI in a record-setting merger to boost AI
4 min read
Elon Musk has merged SpaceX with xAI to create a powerful combination aimed at expanding space-based data centers for artificial intelligence. This merger is expected to significantly impact the future of data centers and potentially establish the world's most valuable private company.