SpaceX

While SpaceX plans satellite-based AI servers, Bloomberg reports it ran into trouble trying to develop and run Grok AI in Memphis, citing unnamed sources. They claim that deals renting capacity to Anthropic ($15 billion annually) and Google ($920 million per month) happened following hardware variation and lag issues:

As reported by CNBC, the New York Times, and others, trading commenced at a price 11 percent above the $135 IPO price, but lower than the $175 shown in some earlier indications. It’s already spiked as high as $167, before falling back to $155. As long as the share price remains above $138, that is enough to make Elon Musk the world’s first trillionaire.

That price puts SpaceX at a market valuation of around $1.77 trillion ahead of its record-breaking stock market debut on Friday. CNBC reports that SpaceX may allocate 20 percent of shares to retail investors, down from the previous expectation of 30 percent.

No telling if that Starlink Mini dish on the right includes an integrated battery, per rumors, but both terminals look thinner than current models. Elon Musk revealed them yesterday without any specs, pricing, or dates.

Instead of paying hundreds up front, new customers in “select markets” will have to rent their Starlink hardware for $10 per month on top of the monthly fee. It only applies to Residential plans currently, and renters can’t pause the service, but can buy their kit later by ”creating a support ticket,“ according to a support page. The move comes after Starlink recently raised prices on its monthly plans.

After Jeff Bezos’s New Glenn rocket failed to put BlueBird 7 into orbit, AST SpaceMobile will use Elon Musk’s trusty Falcon 9 to help build out AST’s space-based cellular broadband network useable by everyday smartphones. The delivery of those giant BlueBird 8, 9, and 10 satellites — which feature the largest commercial communications arrays ever deployed in low Earth orbit — is currently scheduled for Wednesday, June 17th.

“What we’re showing here is kind of a draft version of the version one of the SpaceX AI satellite,” said Elon Musk at the reveal on Monday. “It’s actually much simpler than a Starlink satellite.” The release of renders and specs for the space-based AI1 data center is very much timed to lend credence to the SpaceX IPO, which is set to begin trading on Friday.

Per a regulatory filing, Google will pay SpaceX $920 million per month from October 2026 through June 2029, as reported by TechCrunch.

The S&P just found the backbone that Nasdaq discarded on the street alongside the rest of New York City’s trash. While others are bending the rules to accommodate SpaceX and other gargantuan IPOs, the S&P is standing firm. “No changes will be made” to accommodate these mega offerings.

Grimes County, Texas, awarded the company a property tax exemption for its planned $55 billion Terafab semiconductor plant. Local residents seem to feel the same way about the project as many do about data centers, and this tax break won’t help. As local landowner Rhonda Nesloney put it in court:

CNBC reports details from a new filing ahead of SpaceX’s IPO on June 12th and notes a mention that xAI, which merged with SpaceX earlier this year, bought $269 million worth of Tesla megapack batteries in April.

After a scrubbed launch on Thursday, SpaceX’s first V3 Starship left Pad 2 at Starbase on Friday evening.

After being pushed back an hour, we were a few minutes away from the scheduled 7:30PM ET opening of a 90-minute window for the 12th Starship flight test, before it was scrubbed about ten minutes later, saying they will try again tomorrow.

President and COO Gwynne Shotwell took to X to comment on yesterday’s vague commitment by AT&T, T-Mobile, and Verizon to plug the long-standing gaps in rural US coverage, as frustrated residents adopt solutions from Starlink, Amazon, and AST SpaceMobile:

Last year, EchoStar agreed to offload 65Mhz of its spectrum to SpaceX for its direct-to-cell service, while AT&T snapped up 50Mhz of its spectrum to build out its 5G network. Now it’s official, with the FCC noting that SpaceX will be able to use its spectrum for “terrestrial, space-based, and hybrid network architectures.”

The Wall Street Journal has the story.

Following its acquisition by Elon’s other company, xAI is now being referred to as SpaceXAI. Presumably this is only the start of the brand synergy to come.

In Wednesday’s annoucement of its compute partnership with Anthropic, the company formerly known as xAI referred to itself as “SpaceXAI.” It was the first time I had seen that name, and while I don’t think it’s a good one, it made some sense following SpaceX’s acquisition of xAI.

That’s listed among SpaceX’s “substantial capital expenditures” in the S-1 registration filed ahead of its IPO, reports Reuters.

Reporting from Bloomberg on how many Cybertrucks Elon’s other companies have been buying:

The billionaire space race sure heated up yesterday with Amazon’s purchase of Globalstar. In response, Elon Musk’s SpaceX launched 54 new Starlink satellites in less than 24 hours via two deployments, while Jeff Bezos has only managed to launch a total of 241 Leo satellites in the last 12 months.

Elon Musk has apparently made the jump from X to infect both TikTok and Instagram with new verified accounts. According to the New York Times: