OpenAI CEO Sam Altman publicly criticized Elon Musk's SpaceX plans to develop space-based data centers for AI computing, calling the technology unproven and questioning its near-term viability. Musk and Altman have a long-running public dispute, with Musk accusing Altman of scamming investors, while Altman targets Musk's orbital computing ambitions. SpaceX aims to deploy up to one million AI compute satellites, but the concept remains in development and unproven at scale. Despite this, SpaceX has expanded its terrestrial AI infrastructure business, leasing data center capacity to companies like Anthropic and Google. SpaceX shares dropped about 5% following the feud.
SpaceX stock dropped from $156 on June 23 to $136 on August 23, causing a 12.8% loss for investors who bought at IPO. The decline is mainly due to post-IPO volatility and multiple share unlocks increasing tradable supply. Despite the stock price fall...
Hyperscale cloud companies like Amazon, Alphabet, Microsoft, and Meta are projected to spend $4.1 trillion on AI-related infrastructure from 2026 to 2028, more than triple the previous six years. UBS estimates these firms will reinvest nearly 100% of...
D.E. Shaw & Co. disclosed a new $912 million position in SpaceX following its June 2026 IPO, acquiring 5.34 million shares. Simultaneously, the firm reduced its Broadcom holdings by 58.3%, trimming 3.8 million shares but retaining over $1 billion in ...
A trading expert forecasts SpaceX stock to trade near $300 in early 2027, following a breakout above a major resistance zone that ended its post-IPO consolidation phase. After its June 2026 IPO, SpaceX surged to $225 before correcting near $100, then...
Elon Musk announced Starlink now has 11,000 satellites in orbit, dominating the low-earth-orbit broadband market. Starlink's fleet is vastly larger than Amazon's Kuiper project, which has only 394 satellites and trails behind OneWeb's 654. Starlink h...
