SpaceX has secured a $920 million per month deal with Google for access to around 110,000 GPUs and related computing resources from October 2026 to June 2029. This agreement, similar to a prior $1.25 billion per month deal with Anthropic, supports SpaceX's AI infrastructure and comes just before its planned IPO, which aims to raise $75 billion at a $1.75 trillion valuation. Google, already a major AI compute owner, will ramp up usage gradually and can cancel the deal with 90 days' notice after 2026. The partnership highlights SpaceX's growing role in AI compute and its strategic ties with major tech players ahead of its stock market debut.
Shares of Virgin Galactic and Rocket Lab surged amid excitement over SpaceX's upcoming IPO, which could value the company at $1.78 trillion and raise $86 billion. This IPO hype is boosting investor interest in public space companies, despite Virgin G...
Space stocks are sharply down this week, with Redwire, Momentus, and Rocket Lab falling over 20% due to SpaceX's reduced IPO valuation and a failed short squeeze on Virgin Galactic. SpaceX set its IPO price at $135 per share, valuing the company at $...
Texas has overtaken California as the leading state for Fortune 500 company headquarters, hosting 57 compared to California's 56. This shift reflects Texas's attractive business environment, including a welcoming climate, predictable regulations, and...
The Baron Global Opportunity Fund declined by 4.8% in the first quarter, underperforming the MSCI ACWI Index, which fell by 3.2%. Key positive contributors to the fund's performance included Space Exploration Technologies Corp., ASML Holding N.V., an...
Virgin Galactic's stock sharply dropped after the space-tourism company revealed plans to issue new shares to pay off debt. This decline followed a historic seven-day rally where shares surged 204.5%, partly driven by excitement around the upcoming S...
