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Tesla executives have been instructed to ready the company’s China operation for a possible separation as the firm explores a merger with SpaceX. Advisors are evaluating options that include selling the China business, spinning it off, or shutting it down to facilitate the prospective deal.
AI startup Reflection has signed a compute agreement worth more than $1 billion with cloud provider Nebius, securing large-scale processing capacity that includes access to Nvidia graphics chips. This deal follows a recent arrangement with SpaceX and marks the company’s second major acquisition of AI-compute resources within a month.
SpaceX displayed a handset-sized prototype to investors, featuring artificial-intelligence technology from its xAI division, a proprietary operating system, and a Snapdragon processor, with a form factor described as slimmer than an iPhone. The device is being tested as a handheld AI platform that could provide access to xAI models without a traditional smartphone, though the company’s founder has denied the report.
Roelof Botha, formerly a steward at Sequoia Capital, has joined SpaceX’s board of directors as an independent director. His appointment comes days after SpaceX’s record-setting $75 billion IPO. The move follows his departure from Sequoia seven months earlier.
NASA has selected Eric Schmidt’s company, Relativity Space, to provide a spacecraft for a Mars mission. The agency plans to send an orbiter to the Red Planet using the firm’s launch vehicle, even though the company has not yet achieved an orbital flight. This marks a notable partnership as NASA prepares for the upcoming mission.
SpaceX has agreed to acquire the AI coding platform Cursor for $60 billion in stock. The transaction is expected to close in the third quarter of 2026. The deal follows Cursor’s recent public offering and marks a significant expansion of SpaceX’s technology portfolio.
India has halted approvals for Starlink’s commercial launch, citing concerns that its terminals could be used in Iran. The freeze came days before SpaceX’s record IPO. The decision reflects the government’s reluctance to allow the service to operate in a country where it is not licensed.
Google will pay SpaceX $920 million each month for access to AI compute capacity at SpaceX’s xAI data centers, using Nvidia chips. The cloud-services agreement is slated to run through mid-2029, providing Google with the compute resources needed for its artificial-intelligence workloads.
S&P Dow Jones Indices rejected proposals to accelerate S&P 500 eligibility for mega-cap IPOs, keeping the existing rule that a company must be publicly traded for at least one year before it can be considered for inclusion. Consequently, SpaceX and other newly listed mega-cap firms remain ineligible, and the index will not waive the rule for unprofitable AI companies.
Anthropic has confidentially filed for an initial public offering, joining OpenAI and SpaceX in plans to go public this year. The filing could position Anthropic ahead of OpenAI on the market. The three companies’ IPOs could add roughly $4 trillion to U.S. market value in the coming months.
Google is engaged in discussions with SpaceX and additional aerospace partners about a potential rocket launch agreement aimed at deploying data center facilities in orbit. The talks are part of Google’s broader initiative to explore the placement of its data infrastructure beyond Earth, seeking to expand its capabilities through space-based operations.
Anthropic announced that it is increasing the usage limits for its Claude Code model, doubling the rate limits for paid plans and eliminating the peak-hour reduction that previously applied to Pro and Max subscriptions. The company attributes the expanded limits to a new compute agreement with SpaceX.
SpaceX has secured an option to acquire AI-coding startup Cursor for roughly $60 billion, framing the arrangement as a partnership to scale the company’s technology. The agreement allows SpaceX to exercise the call by year-end or walk away after paying $10 billion, and the deal’s timing could postpone SpaceX’s IPO while Cursor has halted its reported $2 billion funding round.
SpaceX has filed confidentially for an initial public offering that could become the largest IPO in history. The filing indicates a target valuation of roughly $1.75 trillion. No specific financial figures or dates have been disclosed.
SpaceX lost contact with one of its Starlink satellites, which is believed to have exploded. The satellite broke apart into tens of objects. SpaceX confirmed an anomaly caused the loss of contact.
SpaceX has acquired its AI company xAI. The deal will integrate xAI’s artificial-intelligence technology into SpaceX’s operations. The companies plan to build data centers in space to support the growing demand for AI computing.