spacex
SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI
SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week. SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to […]
Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war
NEW YORK | Stock markets rallied worldwide, and oil prices eased after the United States and Iran reached a tentative deal to get the global flow of crude going again. The S&P 500 rose 1.7% Monday on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict […]
Elon Musk could become the world’s first trillionaire with SpaceX’s IPO
NEW YORK | Elon Musk may never colonize Mars as promised, but enough investors consider the SpaceX founder to be a sort of miracle man that they’ll help him reach another fantastic goal Friday when he takes the rocket company public. The world’s richest man is set to become its first trillionaire. Known for his […]
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the technology’s future. The amount of money involved in building and maintaining artificial […]
Blue Origin rocket explodes on the launch pad during an engine-firing test
CAPE CANAVERAL, Fla. | A rocket belonging to Jeff Bezos’ Blue Origin exploded during a test at the launch pad Thursday night, shaking nearby homes and briefly painting the sky orange. Blue Origin said its New Glenn rocket exploded during an engine-firing test being conducted ahead of a satellite launch planned for next week. No […]
NASA lays out moon base plans with landers, buggies and drones at the top of the list
CAPE CANAVERAL, Fla. | NASA is already ordering landers, rovers and drones for a sprawling moon base, less than two months after the Artemis II’s record-breaking lunar flyaround. The space agency outlined the first phase of its moon base plans on Tuesday, awarding hundreds of millions of dollars in contracts to four U.S. companies. Jeff […]
SpaceX reveals plans for what could be the biggest-ever initial public offering
NEW YORK | Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars year. A filing shows that his SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at […]