Elon Musk
Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon
Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through […]
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Tesla stock closes at 2025 high after Musk confirms driverless Robotaxi tests underway in Austin
A vehicle Tesla is using for robotaxi testing purposes on Oltorf Street in Austin, Texas, US, on Sunday, June 22, 2025. The launch of Tesla Inc.’s driverless taxi service Sunday is set to begin modestly, with a handful of vehicles in limited areas of the city. Photographer: Tim Goessman/Bloomberg via Getty Images Tim Goessman | […]
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SpaceX could be the biggest IPO ever next year. How investors can play it right now
When SpaceX eventually goes public, the long-anticipated offering is expected to be the largest IPO ever, reshaping valuations across the aerospace industry and delivering a rare blockbuster deal for Wall Street. The Elon Musk -led space launch company is preparing to go public next year, reportedly targeting a valuation of about $1.5 trillion , potentially […]
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SpaceX insider share sale sets $800 billion valuation amid possible IPO, Reuters reports
A SpaceX Falcon 9 rocket is prepared for launch carrying NASA’s IMAP mission, which will study the boundary of the Sun’s heliosphere and other scientific payloads, at the Kennedy Space Center in Cape Canaveral, Florida, U.S., Sept. 23, 2025. Joe Skipper | Reuters SpaceX is preparing to go public next year and has opened a […]
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Altman and Musk launched OpenAI as a nonprofit 10 years ago. Now they’re rivals in a trillion-dollar market
Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled “Transforming Business through AI” in Tokyo, Japan, on February 03, 2025. Tomohiro Ohsumi | Getty Images On Dec. 11, 2015, OpenAI launched as a nonprofit research lab after Elon Musk and a group of prominent […]
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Musk says SpaceX report of 2026 IPO is ‘accurate’
The Axiom-4 mission, with a SpaceX Dragon spacecraft and Falcon 9 rocket, lifts off from Launch Complex 39A at NASA’s Kennedy Space Center in Cape Canaveral, Florida, on June 25, 2025. Giorgio Viera | AFP | Getty Images Elon Musk responded to the latest report that SpaceX is going public in 2026, calling it “accurate.” […]
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‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up
The Starcloud-1 satellite is launched into space from a SpaceX rocket on November 2, 2025. Courtesy: SpaceX | Starcloud Nvidia-backed startup Starcloud trained an artificial intelligence model from space for the first time, signaling a new era for orbital data centers that could alleviate Earth’s escalating digital infrastructure crisis. Last month, the Washington-based company launched […]
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Former GitLab CEO raises money for Kilo to compete in crowded AI coding market
Investors are betting there’s room for another startup using artificial intelligence to help software engineers write code faster. The difference with Kilo Code is it counts former GitLab CEO Sid Sijbrandij among its founders. On Wednesday, Kilo Code announced $8 million in seed funding, with backing from Breakers, Cota Capital, General Catalyst, Quiet Capital and […]
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From Llamas to Avocados: Meta’s shifting AI strategy is causing internal confusion
Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, Calif., on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg was so optimistic last year about his company’s Llama family of artificial intelligence models that he predicted they would become the […]
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Musk denies $800 billion SpaceX valuation reports
Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate. “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year […]
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