OpenAI has cut off access to its AI models for Cursor following SpaceX's $60 billion acquisition of the coding platform, escalating the long-standing feud between OpenAI CEO Sam Altman and Elon Musk. OpenAI cited concerns over contract violations by Musk's companies as the reason for the cutoff. The move pushes SpaceX to rely more on its own AI infrastructure, including its massive Colossus clusters, to develop proprietary coding tools powered by its Grok models. Despite the dispute, SpaceX is working with OpenAI to resolve issues, while investors see the vertical integration strategy as a strong growth driver for SpaceX's AI ambitions.
SpaceX stock has surged about 26% since late July, recovering from a dip below its IPO price after the company reported strong second-quarter results. Revenue hit $7.8 billion, up 92% year-over-year, driven mainly by Starlink's $4 billion revenue and...
SpaceX reported strong Q2 results with revenue up 92% to $7.8 billion and adjusted EBITDA nearly tripling. The number of Starlink subscribers doubled to 12 million, highlighting rapid growth in its Connectivity segment, which is highly profitable. Ho...
SpaceX stock opened at $135 during its IPO but has struggled to maintain gains, currently trading slightly above IPO price but below initial day prices. A $10,000 investment at IPO would yield modest profits or losses depending on timing, with the st...
Anthropic's initial public offering (IPO) is now expected in October rather than September, according to prediction markets and recent reports. The AI firm gained a legal victory against the Pentagon over a 'supply chain risk' label, boosting its pro...
SpaceX's stock price climbed 4% to $139, surpassing its IPO value, driven by JPMorgan's reaffirmed 'Overweight' rating and $240 price target. The bank highlights SpaceX's expanding AI ambitions, especially after acquiring Cursor, which brings $4 bill...
