Days after its massive IPO, SpaceX says it is spending $60 billion to buy Cursor – a bet designed to help Elon Musk’s sprawling rocket / AI / social media behemoth win over lucrative enterprise customers and close the gap with AI rivals like Anthropic and OpenAI. The takeover was not entirely unexpected: SpaceX announced […]
A federal judge has permanently killed xAI’s lawsuit accusing OpenAI of stealing trade secrets related to the Grok chatbot. US District Judge Rita Lin dismissed the case with prejudice on Monday, meaning xAI cannot bring the same claims again. Lin said…
Elon Musk’s net worth has passed the trillion-dollar mark after SpaceX’s IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above […]
SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire. He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of […]
The backlash against AI data centres has reached a new stage: a class-action lawsuit. Residents of Mississippi have sued Elon Musk’s xAI and SpaceX, claiming a gas-fired power plant that feeds nearby data centres blasts “omnipresent and inescapable” no…
Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX […]
I haven’t seen anything as stupid as the WeWork IPO document in a very long time – that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. SpaceX is a threat. And if Musk and his bankers have their way, you are going to be their bagholder. Lots of the top-line […]
Elon Musk’s xAI has told employees to limit their contact with staff from Cursor , the AI coding startup that SpaceX has an option to acquire for $60 billion. The directive came from James Burnham, xAI’s general counsel and former chief lawyer at the…