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Stockreport

Elon Musk's SpaceX officially acquires Elon Musk's xAI, with plan to build data centers in space [TechCrunch]

Tesla, Inc. (TSLA)  More Company Research Source: TechCrunch
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Musk, who is also the CEO of SpaceX, wrote in a posted to the rocket company's website that the merger is largely about creating space-based data centers — an idea he has become fixated on over the last few months. “Current advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment,” he wrote. (xAI has been accused of on the communities near its data centers in Memphis, Tennessee.) The tie-up values the combined company at $1.25 trillion, according to Bloomberg News, which was first to report the complet d deal . SpaceX has been reportedly preparing an IPO for as early as June of this year. It's unclear whether the merger will affect that timeline. Musk did not address the IPO in his public memo. The merger brings together two of Musk's companies, each with i [Read more]
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Stockreport

Elon Musk's SpaceX officially acquires Elon Musk's xAI, with plan to build data centers in space [TechCrunch]

Tesla, Inc.  (TSLA) 
More Company Research Source: TechCrunch
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Musk, who is also the CEO of SpaceX, wrote in a posted to the rocket company's website that the merger is largely about creating space-based data centers — an idea he has become fixated on over the last few months. “Current advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment,” he wrote. (xAI has been accused of on the communities near its data centers in Memphis, Tennessee.) The tie-up values the combined company at $1.25 trillion, according to Bloomberg News, which was first to report the complet d deal . SpaceX has been reportedly preparing an IPO for as early as June of this year. It's unclear whether the merger will affect that timeline. Musk did not address the IPO in his public memo. The merger brings together two of Musk's companies, each with i [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
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MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS