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SpaceX moves Starship launch attempt to Thursday
Reuters27d agoneutral
SpaceX moves Starship launch attempt to Thursday

SpaceX is targeting Thursday, July 23, for another attempt to launch its Starship ‌rocket, the company said in a statement on ‌Sunday. SpaceX CEO Elon Musk posted on X later on Sunday that the ​next Starship launch would occur on Friday, contradicting the earlier statement from his company. On July 16, SpaceX's ‌Starship rocket triggered a ⁠last-second abort before liftoff for its 13th flight test from Texas, which erased about $100 ⁠billion from the company's market value.

Bloomberg27d agoneutral
Big Tech Needs to Justify AI Spending as Investors Dump Stocks

(Bloomberg) -- After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz

Bank of America revamps Tesla forecast before earnings
TheStreet28d agoneutral
Bank of America revamps Tesla forecast before earnings

Tesla (TSLA) CEO Elon Musk, whom JPMorgan CEO Jamie Dimon once called “our Einstein", has had plenty on his plate lately. SpaceX’s (SPCX) latest Starship launch was aborted, sending the stock tumbling below its IPO price to $123.99 on Friday, 45% below its post-listing peak, according to ...

The Investors With a New Way to Win in Silicon Valley
The Wall Street Journal29d agoneutral
The Investors With a New Way to Win in Silicon Valley

Yasmin Razavi holds an unusual position: She is the only outside investor on Anthropic’s board of directors. The general partner at Spark Capital invested in Anthropic relatively late by traditional venture capital standards, leading the company’s Series C financing in May 2023, its third round and two years after siblings Dario and Daniela Amodei left OpenAI to found it amid concerns over AI safety. Razavi is part of a new generation of investors transforming venture capital.

Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports
Reuters29d agoneutral
Musk's SpaceX in talks to supply the Pentagon with computing power, WSJ reports

Elon Musk's SpaceX is in talks to provide the U.S. Department of Defense with access to ‌data center capacity worth billions of dollars to run ‌AI models, the Wall Street Journal reported on Friday, citing people familiar ​with the matter. Such an agreement would extend the Pentagon's existing relationship with SpaceX, a key partner for rocket launches and satellite-based communications and missile tracking. According to the report, SpaceX employees have discussed ‌plans to compete ⁠more directly with neocloud firms such as CoreWeave by selling computing capacity to AI customers at lower ⁠prices.

Amazon just beat Starlink to a market Musk can't crack
TheStreet29d agobullish
Amazon just beat Starlink to a market Musk can't crack

The internet map of the world is not drawn by engineers. It is drawn by lawyers, by regulators, and by whoever is willing to sign the local paperwork. A rocket can reach any patch of ground on Earth. A license cannot. That gap between what a technology can do and what a government will let it do is ...

SCPQ Surges 10% as SpaceX Hits New Low
24/7 Wall St.29d agobullish
SCPQ Surges 10% as SpaceX Hits New Low

SpaceX shares are cratering after a scrubbed Starship test flight, and a niche leveraged ETF is turning that pain into outsized gains for short-sellers who knew exactly where to position themselves.

There is an untold story behind SpaceX's post-IPO swoon
TheStreet29d agoneutral
There is an untold story behind SpaceX's post-IPO swoon

It had to happen. After the June 11 market close, Elon Musk took his Space Exploration Technologies Corp. (otherwise known as SpaceX) public. Price: $135 a share. Result: The company raised some $75 billion before expenses. The next day, when the shares could be traded, the shares reached $176.52, ...

SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs
The Wall Street Journal29d agoneutral
SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs

SpaceX’s valuation has swooned over the past month, and as of late Friday morning was more than $1 trillion lower than its peak, according FactSet. The company’s market capitalization hit a recent peak at almost $2.7 trillion on June 16, four days after shares in the company made their trading debut. SpaceX’s stock was trading down almost 6% around 11:15 a.m. ET.

Investing.com29d agoneutral
SpaceX loses over $1 trillion in value from peak

Investing.com -- SpaceX stock continued lower on Friday as the space exploration and artificial intelligence company moved toward erasing more than $1 trillion from its peak market value.