Elon Musk's AI company xAI, merged with SpaceX, reported a $6.4 billion loss on $3.2 billion revenue in 2025, showing widening losses despite growing revenue. The company plans to scale its AI model Grok to multiple trillions of parameters, requiring significant investment in computing infrastructure. SpaceX aims to deploy orbital AI data centers by 2028 to reduce costs, marking an ambitious push in AI development. This IPO filing reveals xAI's financials and Musk's vision to dominate AI with massive compute power and vertical integration.
Victoria’s Secret & Co. released an investor presentation showcasing its significant operational improvements and financial momentum under CEO Hillary Super and the Path to Potential strategy since 2021. The company emphasized its refreshed leadershi...
Smart Powerr Corp., a Chinese energy technology firm specializing in waste energy recycling and energy efficiency, completed a $2 million registered direct offering by selling 4.5 million shares at $0.45 each. The funds will support the company's gro...
American Fusion Inc. filed its Q1 2026 financial results reflecting the consolidation with Kepler Fusion Technologies after their reverse merger in February 2026. The company reported a net loss of $669,750 for the quarter, increased operating expens...
The US Golden Dome missile-defense system, designed to protect against ballistic, hypersonic, and cruise missiles, is under fire from Democrats and arms-control advocates. Critics warn it could cost over $1 trillion in 20 years, potentially trigger a...
Nike's stock climbed over 4% following a drop in crude oil prices and a slight decrease in long-term Treasury yields, which eased borrowing costs and improved market sentiment. The retreat in energy prices and bond yields helped revive confidence in ...
