Musk’s xAI is being sued over its data center generators — now it’s buying $2.8B more
Elon Musk’s xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX’s IPO filing.
Elon Musk’s xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX’s IPO filing.
SpaceX’s IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk’s AI financials and more details about his ambitions.
Elon Musk has the largest stake in SpaceX by billions of shares. The other biggest shareholders also have longstanding and deep ties to Musk.
Problems with Starlink’s India expansion could challenge SpaceX’s IPO growth story.
Wits its official share pricing announcement, SpaceX’s IPO has begun.
The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.
The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.
SpaceX’s IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.
TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won’t), pre-IPO deals, and what’s tucked inside its S-1 registration document.
SpaceX’s valuation has increased by $1 trillion since its shares started trading on Friday.