SpaceX reported $4.9 billion in losses in 2025, driven mainly by its AI division, which includes the social media app X and xAI. Despite this, its Starlink satellite internet service generated $1.19 billion in operating profit in Q1 2026 and is expected to reach $20 billion in annual revenue by 2026, making it the company's largest revenue source. The space launch division grew revenue to $4.09 billion but still posted losses due to heavy investments in reusable rockets and the Starship project. SpaceX is also investing heavily in AI infrastructure, with $7.7 billion spent in Q1 2026 alone, signaling a major strategic focus ahead of its IPO.
Google has filed a lawsuit against Outsider Enterprise, an alleged Chinese cybercrime network using AI to send scam texts impersonating Google and other brands to steal passwords and credit card data. The group reportedly scammed hundreds of thousand...
Altimeter Capital, led by Brad Gerstner, fully exited its 519,290 shares in Alphabet in Q1 2026, shifting its investment to two new positions: 1.7 million shares in Arm Holdings and nearly 149,000 shares in Axon Enterprise. This move reflects a strat...
Google has filed a lawsuit against Outsider Enterprise, an alleged Chinese cybercrime network using AI to send scam texts impersonating Google and other brands. The group reportedly scammed hundreds of thousands of victims, causing losses estimated i...
The IPO market is seeing a shift from the traditional FAANG companies to a new group dubbed MANGOS, which includes Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Several of these companies are planning to go public soon, presenti...
Alphabet Inc. (GOOGL) continues to demonstrate robust revenue growth fueled by its leadership in cloud computing, data centers, and artificial intelligence markets. The company’s ventures into autonomous driving with Waymo and the expanding electric ...
