Browsing: SpaceX

The boards of SpaceX and Tesla have each formed special committees to review a possible merger. The special committees, which consist of independent directors, were created at the request of shareholders CEO and the largest individual shareholder of both companies

Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla.

SpaceX’s data centers and Grok agents were more profitable than investors expected in third quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income.

Elon Musk claims he will give one of his SpaceX shares to “every kid in America” in 2027, which would result in a gift worth more than $10 billion based on the current $146 share price of his combination spaceflight and AI company. That’s roughly 1% of his $1 trillion net worth.

Elon Musk on Monday pledged to give one of his own SpaceX shares to “every kid in America” next year.

Welcome to Edition 9.15 of the Rocket Report! The launch I’m most looking forward to in the next few weeks is that of Japan’s Martian Moons Exploration (MMX) mission. MMX is one of the marquee space science missions launching this year, and it’s set to leave Earth as soon as Monday (US time) aboard a…

As SpaceX struggles to launch Starlink in India, Elon Musk has stepped up his attack on billionaire Mukesh Ambani, mockingly calling him the country’s “prime minister” to suggest he wields outsized control over its government and accusing him of blocking the satellite internet service from competing.

Space has plenty of room for more megaconstellations, but only if all operators are willing to share information about where their satellites are and where they’re going, a top executive at SpaceX and its AI subsidiary said this week.

Amazon has been developing a constellation of satellites to deliver broadband Internet from low-Earth orbit for the better part of a decade, and the company is just about ready to pull back the curtain. It is entering a market that SpaceX, with its Starlink Internet, has dominated for the last half-decade. Amazon’s debut into satellite…

India has rejected Elon Musk’s claim that Starlink, SpaceX’s satellite internet service, is being unfairly blocked from launching in the country. The pushback comes as SpaceX struggles to turn years of regulatory work and partnerships with India’s biggest telecom operators into a commercial launch in one of the world’s largest internet markets.