SpaceX has released Grok 4.5, an advanced AI model developed with Cursor, aimed at improving coding and agentic workflows for enterprise use. This 1.5 trillion parameter model offers performance close to leading AI models like Anthropic's Claude Opus 4.8 and OpenAI's GPT 5.5 but at significantly lower costs and higher token efficiency. Priced at $2 per million input tokens and $6 per million output tokens, Grok 4.5 is about 4.2 times more efficient than its competitors on key tasks. This launch positions SpaceX to compete in the $23 trillion enterprise AI market, with UBS rating SpaceX shares as Buy and setting a $210 price target based on growth in its space, connectivity, and AI segments.
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...
EchoStar sold over $40 billion in spectrum, including to SpaceX, improving its liquidity but leaving its subsidiary Hughes Satellite Systems bankrupt with $1.5 billion in debt. Creditors allege EchoStar stripped assets from Hughes through above-marke...
Space Exploration Technologies Corp. (SpaceX) reached a $1.80 trillion market cap after its historic IPO and is advancing its Starship rocket for Starlink launches, moving away from Falcon 9. The company plans a $100 billion investment to build a new...
SpaceX announced a $100 billion investment in a new Starbase launch complex in Louisiana, aiming to start construction in 2027 and first launch in 2029. This massive spending dwarfs SpaceX's current annual space revenue by 23 times, reflecting a high...
Target's shares fell nearly 4% after it withdrew a Halloween costume criticized for racial insensitivity, highlighting the risks in its consumer-focused strategy. SpaceX announced plans to build a $100 billion Starship launch and production complex i...
