SpaceX appears to have lifted restrictions the Ukrainian military’s of use Starshield — the military-grade version of the company’s Starlink internet system. The Wall Street Journal reports that Defense Minister Evgeniy Khmara told reporters that Starshield appears to be working normally again, although the military is still conducting tests and has not received an explanation
Investors are cheering the prospect of a SpaceX-Tesla megamerger. Shares in the rocket company soared around 9% at market open in New York on Wednesday after Elon Musk said that SpaceX and Tesla have begun to discuss the mechanics of a potential combination. Speaking on SpaceX’s earnings call on Tuesday night, Musk said that his
The boards of SpaceX and Tesla have each formed special committees to review a possible merger. The special committees, which consist of independent directors, were created at the request of shareholders, according to Elon Musk, CEO and the largest individual shareholder of both companies. “Because I’m a conflicted party, I can’t actually be in the
“In my opinion, 100%. It’s just a question of when,” says David Nicholson, the Chief Technology Advisor at The Futurum Group, a market research company. The unveiling of the Tesla Roadster last week – a futuristic electric car powered by SpaceX rocket thrusters – served as a “symbolic embodiment” hinting at the two Musk companies
SpaceX’s second-ever earnings report revealed it’s spending more than ever on AI — and that could soon double. SpaceX reported spending $16.4 billion on AI-related capex in the third quarter, continuing the acceleration of AI spending seen in recent quarters. SpaceX spent roughly $19.6 billion on overall capital expenditures in the third quarter as Grok
It’s official: Tesla and SpaceX are in talks. Independent board members at the two Elon Musk-led companies have formed special committees to hash over a possible merger, Musk told investors during SpaceX’s third-quarter earnings call Tuesday. “These special committees consist of independent directors, and because I’m a conflicted party, I can’t actually be in the
