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Will Elon Musk's New SpaceX and Tesla Joint Venture Disrupt This AI Semiconductor Giant? [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The effort has $20 billion earmarked to start, but it will need much more to scale to the level Musk envisions. This key semiconductor supplier doesn't see it as a significant threat, and neither should investors. Elon Musk appears to be on a path to combine all of his companies into a single entity. After a series of mergers, SpaceX, which launches rockets into space, is the parent company of X, the social media company formerly known as Twitter. It also includes the other operations of xAI, Musk's generative artificial intelligence (AI) lab. The latest effort to bring his companies closer together is a joint venture between SpaceX and Tesla (NASDAQ: TSLA) . Last month, Musk announced Terafab, a project that would dramatically expand global semiconductor supply if it reaches the scale Musk envisions. That could be bad news for the world's leading chip manufacturer, Taiwan Semiconductor Manufacturing (NYSE: TSM) Will AI create the world's first trillionaire? Our team just rel
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