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SpaceX's plan to launch 1 million AI satellites by 2028 risks a $2 trillion cost and financial disaster.

Market News
31 May 2026
Forbes
View Source
Bearish
pluang ai news

Elon Musk's SpaceX aims to launch one million AI data center satellites by 2028 using the Starship rocket, but experts warn this could cost around $2 trillion, equal to SpaceX's projected IPO valuation, risking a financial collapse. While SpaceX has successfully launched 10,000 Starlink satellites, scaling to hourly Starship launches for AI satellites is seen as unrealistic. Experts highlight that space-based AI data centers are currently far more expensive than terrestrial ones and may only become viable by the mid-2030s with significant cost reductions. Despite the risks, Musk's plan taps into the booming AI investment trend, potentially boosting SpaceX's IPO appeal.

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$HODL coin launches 1:1 cross-chain bridge between Solana and Ethereum via LayerZero.

$HODL coin launches 1:1 cross-chain bridge between Solana and Ethereum via LayerZero.

The official $HODL coin, created by GameKyuubi—the original author of the famous 2013 "HODL" post—has expanded to Ethereum with a new 1:1 cross-chain bridge powered by LayerZero. This bridge allows holders to transfer $HODL tokens instantly between S...

Others
Bullish
51 minutes ago
Boulder County Business Hall of Fame announces 2026 inductees celebrating local business leaders.

Boulder County Business Hall of Fame announces 2026 inductees celebrating local business leaders.

The Boulder County Business Hall of Fame revealed its 2026 inductees, honoring seven influential figures from sectors like education, finance, law, immigrant entrepreneurship, and real estate. The inductees include Sandy and Sally Bracken, Gerry Agne...

Others
Neutral
54 minutes ago
Breckenridge Distillery wins top honors at San Francisco World Spirits Competition with Rum Cask Finish and Honey Whiskey.

Breckenridge Distillery wins top honors at San Francisco World Spirits Competition with Rum Cask Finish and Honey Whiskey.

Breckenridge Distillery, a subsidiary of Tilray Brands, won top awards at the San Francisco World Spirits Competition. Their Rum Cask Finish received the highest honor, Double Gold with 97 points, while their Honey Whiskey earned a Gold medal. These ...

Market News
Bullish
1 hour ago
Global laboratory equipment services market to reach $62.83B by 2035 with 8% CAGR, driven by R&D and regulatory demands

Global laboratory equipment services market to reach $62.83B by 2035 with 8% CAGR, driven by R&D and regulatory demands

The global laboratory equipment services market, valued at $28.94 billion in 2025, is projected to grow to $62.83 billion by 2035 at an 8% CAGR. Growth is fueled by increased R&D investments, stricter regulatory compliance, and expanding biopharma an...

Market News
Bullish
2 hours ago
Reklaim Credit Solutions appoints new CRO and CTO ahead of Q3 2026 launch for cannabis credit ratings.

Reklaim Credit Solutions appoints new CRO and CTO ahead of Q3 2026 launch for cannabis credit ratings.

Reklaim Credit Solutions, a credit rating agency for the state-regulated cannabis industry, announced that co-founders Sam Fensterstock and Bob McCarthy have taken on executive roles as Chief Revenue Officer and Chief Technology Officer, respectively...

Company Fundamentals
Bullish
3 hours ago
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