SpaceX's AI business reported a $6.4 billion operating loss in 2025, up from a $1.6 billion loss the previous year, reflecting heavy investment in AI compute infrastructure and growth initiatives. The company has deployed AI training clusters with over 1 gigawatt of compute power and expects a multi-year investment phase before achieving profitability. Unlike typical AI companies, SpaceX plans to sell AI compute, intelligence, design chips, and even deploy AI infrastructure in orbit, targeting a $26.5 trillion market opportunity. Elon Musk views these losses as strategic investments in building a vast AI infrastructure rather than mere expenses.
BlackRock, Inc. has officially notified that its direct and indirect ownership in Orion Oyj, a Finnish pharmaceutical company, has exceeded the 5% threshold as of June 4, 2026. This includes shares held directly, indirectly, and through financial ins...
DIAGNOS inc. is advancing toward important regulatory approvals for its AI-powered eye disease detection platform, CARA, with submissions underway in Canada, the US, and Saudi Arabia. The platform has already assessed over 400,000 patients globally a...
eXp Realty announced that 44 of its agents and teams earned 54 placements on the 2026 RealTrends + Tom Ferry The Thousand list, marking a 10% growth from 2025. The brokerage led the Enterprise Team category by volume, representing $11.8 billion in sa...
Palantir CEO Alex Karp likened companies' excessive use of AI to compulsive behavior, saying many firms are 'token maxing'—using AI heavily without solving real problems. He revealed Palantir developed an internal tool to help companies reduce this u...
Students from the Midwest region won top honors at the 2026 Midwest Youth Entrepreneurship Showcases and will compete at the National Youth Entrepreneurship Showcase in New York City this November. Their ventures include AI platforms, storytelling ap...
