Tag: Elon Musk
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SpaceX overtakes Amazon to become world’s fifth most valuable firm
Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world’s fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.
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SpaceX gains 3% after surpassing Amazon in market cap
The space and AI company’s stock has surged since its blockbuster IPO on Friday.
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Jim Cramer says SpaceX investors aren’t buying earnings — they’re buying Elon Musk
CNBC’s Jim Cramer said SpaceX investors are betting on Elon Musk’s vision and track record, rather than the company’s current earnings power.
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Anthropic’s Fable shutdown is a big moment for open-source AI
Anthropic’s Fable shutdown could boost open-source AI, but many of the models gaining traction are Chinese.
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SpaceX gets assist from DOJ in effort to toss NAACP air pollution lawsuit
The DOJ is asking a Mississippi federal court to dismiss a lawsuit filed by the NAACP against Elon Musk’s xAI, now owned by SpaceX.
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German broadcaster removes TV intro after Elon Musk takes legal action
ZDF TV responded to a “cease and desist” letter after the tech trillionaire condemned the broadcaster’s “outrageous lies”.
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EchoStar is worth at least $161 a share because of SpaceX stake, says analyst
New Street Research raised its valuation of EchoStar to reflect its ownership of SpaceX, calling it an “attractive proposition”
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SpaceX to acquire the AI coding startup Cursor for $60 billion
The deal will help to bolster the company’s efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools.
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SpaceX buys coding startup Cursor for $60bn in major AI push
SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk’s firm had a record-breaking IPO.
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Investors look beyond the ‘Magnificent 7’ and embrace the ‘FAB 10’
SpaceX’s record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called ‘Magnificent 7’, with strategists folding Elon Musk’s firm, OpenAI and Anthropic into a new ‘FAB 10’ label that captures the next phase of the AI trade.
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