‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI

‘Muskonomy’ shakeup: SpaceX valuation approaches Tesla’s after merger with xAI

Elon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters Elon Musk’s move to combine SpaceX with his cash-burning artificial intelligence venture xAI signals a changing of the guard within his corporate empire. Tesla has been the source of Musk’s … Read more

Musk’s xAI needs SpaceX deal for the money. Data centers in space are still a dream

Musk’s xAI needs SpaceX deal for the money. Data centers in space are still a dream

Elon Musk, chief executive officer of Tesla Inc., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Bloomberg | Bloomberg | Getty Images Elon Musk said a primary reason for merging SpaceX with his artificial intelligence startup, xAI, is to more effectively build “orbital data centers.” … Read more

Jeff Bezos’ Blue Origin launches satellite internet service to rival SpaceX, Amazon

Jeff Bezos’ Blue Origin launches satellite internet service to rival SpaceX, Amazon

Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space, in Van Horn, Texas, July 20, 2021. Joe Raedle | Getty Images Jeff Bezos’ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites into … Read more

NASA to bring Space Station astronauts back to Earth weeks early due to medical situation

NASA to bring Space Station astronauts back to Earth weeks early due to medical situation

Crew-11 mission astronauts wave as they depart the Neil A. Armstrong Operations and Checkout Building en route to launch complex LC-39A at the Kennedy Space Center in Cape Canaveral, Florida on August 1, 2025. From L/R are Roscosmos cosmonaut Oleg Platonov, NASA astronaut Mike Fincke, NASA astronaut and mission commander Zena Cardman and JAXA astronaut … Read more

A Swedish city is being moved — building by building — amid Europe’s minerals push

A Swedish city is being moved — building by building — amid Europe’s minerals push

The LKAB facility in Kiruna, Sweden. The company said on Jan. 12 that it found Europe’s biggest known deposit of rare earth elements there. Jonas Ekstromer | Afp | Getty Images The ripple effects from Europe’s growing appetite for raw materials extend all the way to Sweden’s far north. Thousands of residents and buildings are … Read more

New NASA boss Isaacman says U.S. will return to the moon within Trump’s term

New NASA boss Isaacman says U.S. will return to the moon within Trump’s term

Recently appointed NASA Administrator Jared Isaacman on Friday told CNBC that the U.S. will return to the moon within President Donald Trump’s second term. Isaacman, a close ally of SpaceX CEO Elon Musk, told CNBC’s “Closing Bell Overtime” that Trump’s recommitment to exploring the moon is key to unlocking the “orbital economy.” “We want to … Read more

China eases IPO rules for firms developing reusable rockets

China eases IPO rules for firms developing reusable rockets

Zhuque-3 rocket by China’s private rocket firm LandSpace, takes off from the Jiuquan Satellite Launch Center, China, December 3, 2025, in this screengrab taken from handout drone footage provided by LandSpace. Landspace | Via Reuters Chinese companies developing reusable commercial ⁠rockets will have access to a fast lane for initial public offerings on the tech-heavy … Read more

Senate confirms private astronaut, Musk ally Jared Isaacman as NASA chief

Senate confirms private astronaut, Musk ally Jared Isaacman as NASA chief

Jared Isaacman, U.S. President Donald Trump’s nominee to be administrator of the National Aeronautics and Space Administration (NASA) testifies during a Senate Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 9, 2025. Ken Cedeno | Reuters The U.S. Senate on Wednesday confirmed billionaire private astronaut Jared Isaacman to become President Donald Trump’s … Read more

Musk denies $800 billion SpaceX valuation reports

Musk denies 0 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 … Read more

Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

Musk’s Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake

French satellite group Eutelsat, often seen as Europe’s answer to Elon Musk’s Starlink, saw its share price plummet Wednesday following a report that Japanse investor SoftBank cut its stake in the company. Shares in Eutelsat were last trading 7.8% lower as of 6:00 a.m. ET. The moves come following a Reuters report that SoftBank has … Read more