Rep. Frank Pallone, ranking member of the House Committee on Energy, has demanded SpaceX CEO Elon Musk provide records and a tour of the company's AI data centers and power plants in Memphis, Tennessee. Pallone alleges that SpaceX's use of natural gas turbines without pollution controls or permits has created a significant health risk to local communities. This scrutiny comes amid rising public opposition to AI data centers due to concerns about pollution, electricity costs, and community impact. Environmental groups and the NAACP have also filed lawsuits against SpaceX's turbine use, while the Department of Justice has intervened to support the company. The situation highlights growing tensions over the environmental and social effects of expanding AI infrastructure in the U.S.
SpaceX stock fell 5.13% over the past two months, with a $1,000 investment now worth about $949. Investors are cautious due to the company's heavy AI investments, including a major deal with Anthropic, and high capital expenditures projected for Q4. ...
A federal judge denied SpaceXAI's motion to dismiss a lawsuit filed by the NAACP alleging violations of the Clean Air Act. The suit claims SpaceX's AI division used 27 gas-fired turbines without proper permits to power data centers in Mississippi, ca...
T-Mobile's stock rose 7% following new estimates that SpaceX may need an additional $120-$130 billion to build a rival U.S. wireless network, raising concerns about SpaceX's competitive threat. Despite T-Mobile's strong Q3 earnings and raised forecas...
SpaceX stock declined nearly 9% in October, dropping from $150.86 to $137.46 despite early-month gains above $170. Investors who bought in September or early October faced losses, though the stock remains above its IPO price of $135. Analysts remain ...
More airlines are seeking to equip their fleets with Starlink, the satellite internet service owned by SpaceX, to meet growing passenger demand for fast and reliable in-flight WiFi. United Airlines CEO Scott Kirby called Starlink the biggest competit...
