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Musk's xAI needs SpaceX deal for the money. Data centers in space are still a dream. [CNBC]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
SpaceX is reportedly pursuing an IPO that could value the company at up to $1.5 trillion. “People are throwing tens of billions of dollars at AI companies right now, and in six months or 12 months time, they might have changed their mind about it,” said Tim Farrar, President of TMF Associates. Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk said a primary reason for merging SpaceX with his artificial intelligence startup, xAI, is to more effectively build “orbital data centers.” That's for a far-off future. For now, xAI has a much more pressing need: cash. In Monday's blog post announcing the combination of his two companies, Musk estimated that “within 2 to 3 years, the lowest cost way to generate AI compute will be in space.” But xAI requires immense amounts of money to finance its massive infrastructure buildout
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- Tesla introduces new Model Y variant in US priced at $41,990 [Yahoo! Finance][Yahoo! Finance]
- Elon Musk's SpaceX buys xAI in stunning deal valued at $1.25 trillion ahead of looming IPO [Yahoo! Finance][Yahoo! Finance]
- Robotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Musk joins his rocket and AI businesses into a single company before an expected IPO this year [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Robotaxi pioneer Waymo gets $16 billion injection to accelerate its expansion plans [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
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