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SpaceX reported $14.6 billion in third-quarter revenue in a regulatory filing, with its AI business now accounting for 52% of income. The renamed "Super Intelligence" segment includes the recently acquired Cursor coding tool, the Grok bot and a neocloud business with 1.7 GW of compute. Net income was $4.4 billion, against a $1 billion los…
Elon Musk said he will give one of his SpaceX shares to "every kid in America" in 2027. At the current $146 share price, the gift would be worth more than $10 billion, roughly 1% of his reported $1 trillion net worth. The mechanism is unclear, though Musk said he wants to give the shares "directly to the public" and called this the "first…
The boards of SpaceX and Tesla have each formed special committees of independent directors to review a possible merger. According to Elon Musk, the committees were created at shareholders' request. Musk is a conflicted party and is excluded from the discussions. He said he supports the idea but called the merger far from certain, and tha…
