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Tesla and SpaceX confirm Terafab chip fab in Texas
Tesla and SpaceX have confirmed Grimes County, Texas as the site for their Terafab semiconductor megafactory, with the first phase costing roughly $16.8 billion. The project targets the largest chip manufacturing facility on the planet to supply over 1 terawatt of compute per year that exceeds current and future global production capacity.
SpaceX Q2 revenue hits $7.8B as AI unit drives reported 2,013% CapEx surge
SpaceX reported Q2 revenue of $7.8 billion, up 92 percent year-over-year, with its former xAI division driving growth through cloud deals while posting a reported 2,013 percent surge in capital expenditure to $15.8 billion. The results offer the first public window into the economics of an AI-scale operation, highlighting both revenue gains and massive infrastructure costs.
SpaceX Targets Tower Catch for Starship on Next Flight
SpaceX plans to attempt catching its Starship spacecraft with mechanical tower arms on the next test flight following a successful ocean landing on Flight 13. The milestone would advance the vehicle's reusability after demonstrating satellite deployment and an in-flight engine restart.
SpaceX Completes Static Fire for Starship Flight 13
SpaceX completed a static fire of Booster 20 on July 10, clearing the path for Starship's 13th test flight as early as July 15. The test continues development of the Version 3 vehicle toward full operational capability including stage recovery and reuse.
Blue Origin reportedly raising up to $10B in first private capital round
Blue Origin is reportedly raising up to $10 billion in its first private capital round at a $130 billion valuation, with Coatue Management reported to lead participation from institutional investors and Jeff Bezos. The move ends the company's near-total reliance on Bezos' personal funding as it races to scale ambitious launch, lunar, and satellite constellation projects against SpaceX.
Tech Selloff Spreads Globally as Futures Slide
U.S. stock futures dropped sharply Tuesday morning as a technology selloff spread from Wall Street to Asia and Europe. Major semiconductor names, storage stocks, and SpaceX led the declines while benchmark indexes across the globe closed lower.
SpaceX Announces First Bond Offering After Blockbuster IPO
SpaceX disclosed approximately $100.8 billion in cash while launching its first bond sale days after an IPO that raised nearly $86 billion. Proceeds will repay bridge financing and back the firm's ambitious AI and space-based data center expansion.
SpaceX inks major compute pact with open-source AI lab Reflection
SpaceX has signed a computing-power contract with Reflection AI granting the open-source startup access to Nvidia GB300 chips inside Colossus 2. The pact, valued at roughly $6.3 billion through 2029, underscores SpaceX’s commercialization of its supercluster while spotlighting rising demand for open models amid concerns over closed systems.
SpaceX Schedules Third NRO Mission of the Year
SpaceX is targeting Friday morning for NROL-179, its third 2026 flight supporting the National Reconnaissance Office’s proliferated architecture constellation of intelligence satellites believed to be Starshield variants. The booster on its third flight will attempt a landing at Vandenberg’s Landing Zone 4.
SpaceX Adds Roelof Botha to Board Days After IPO
SpaceX has appointed longtime Elon Musk ally Roelof Botha as an independent director and audit committee member days after its record IPO. The move adds a key Sequoia Capital figure to a board where Musk holds overwhelming voting control.
SpaceX Agrees to Buy AI Coding Startup Cursor in $60 Billion Deal
SpaceX announced its plan to acquire the AI coding startup Cursor for $60 billion, with the merger expected to close in the third quarter. The move strengthens its AI efforts following the xAI combination and comes days after the company's record Nasdaq debut.
SpaceX Closes Record $85.7B IPO, Shares Jump 19%
SpaceX closed the largest IPO ever with $85.7 billion in proceeds and saw its shares rise 19% on debut to reach a $2.1 trillion valuation. The event turned Elon Musk into the world's first trillionaire while highlighting the company's revenue growth, ongoing losses and heavy AI spending.
FCC Waives Amazon Leo Satellite Deadline
The FCC has waived Amazon's July 2026 deadline to launch half of its 3,232-satellite Leo constellation while keeping the 2029 full-deployment target. The move promotes competition against SpaceX's Starlink by recognizing Amazon's over $10 billion investment and the current lack of other low-Earth orbit broadband providers.
OpenAI confidentially files S-1 for IPO
OpenAI has confidentially filed an S-1 with the SEC to begin its IPO process, one week after rival Anthropic took the same step. The move sets up a high-profile public debut that will be measured against SpaceX's record-setting offering and comes as internal concerns about revenue, growth, and compute costs have been reported.
S&P 500 Rejects Fast-Track for SpaceX and AI Firms
S&P Dow Jones Indices refused to waive seasoning, profitability, or public float rules for SpaceX's IPO, blocking accelerated S&P 500 entry that could have unlocked billions in passive funds. The same barriers now apply to expected IPOs from OpenAI and Anthropic, limiting exposure of retirement assets to unprofitable AI bets.
SpaceX Launches IPO Roadshow Targeting $135 Per Share
SpaceX begins its IPO roadshow on June 4, 2026, with plans to sell 555.6 million shares at $135 each for a $75 billion raise and Nasdaq debut on June 12. The offering marks one of the largest IPOs ever for the launch and satellite operator.
FAA Requires SpaceX Mishap Investigation After Starship Flight 12
The FAA is requiring SpaceX to complete a mishap investigation into Starship Flight 12 before it can fly Flight 13 after determining the Super Heavy booster experienced off-nominal performance. The probe, which the FAA will oversee, follows an early engine shutdown and partial boostback burn but no public injuries or property damage were reported.
Space Force Awards $2.29B OTA to SpaceX for SDN Backbone
U.S. Space Force awards $2.29 billion OTA to SpaceX to build the SDN Backbone pLEO constellation for resilient global data transport. The prototype must be operational by end of 2027 and will integrate with SDA’s Transport Layer.
American Airlines to Install Starlink on More Than 500 Planes
American Airlines will install Starlink on more than 500 narrow-body aircraft starting early next year. The deal adds to Starlink's airline wins as carriers upgrade in-flight internet to attract premium customers and SpaceX prepares for its IPO.
NASA Adds Six More Missions to SpaceX Crew Contract
NASA is adding six post-certification missions to SpaceX’s Commercial Crew contract, ordering up to three immediately and three more as needed through 2030. Boeing’s Starliner remains uncertified for crewed flight, leaving SpaceX as the sole U.S. provider of ISS crew rotation.
From the feed · 56
SpaceX targets 9:23 a.m. PDT for the Starlink 17-38 liftoff from Vandenberg Space Force Base. The mission continues the company's recent West Coast launch surge.
SpaceX's 52-metre Ship 40 became the first Starship upper stage to survive reentry after a soft splashdown on July 24, but recovery crews now face rough seas in the Indian Ocean.
SpaceX ended a 4-week launch slump with its latest mission. The company had gone without an orbital flight since mid-September.
SpaceX investors reportedly saw their shares disappear ahead of any tender offer or secondary sale. The holdings evaporated without warning or recourse.
Tesla and SpaceX have selected Grimes County, Texas for TERAFAB, the planned semiconductor manufacturing facility they describe as the largest in human history.
911.5 million SpaceX shares became eligible to trade Thursday after the first major post-IPO lockup expired. The stock rallied instead of selling off.
SpaceX shares rose this week despite disappointing earnings, leaving the lock-up expiration as the immediate test for holders.
SpaceX’s Terafab will run on natural gas power plants rather than Tesla solar panels.
SpaceX has restored the free Starlink Mini kit rental for new Residential Max subscribers in the U.S. and Canada. The tier also includes half-off portable Roam plans.
SpaceX stock receives an analyst upgrade. Rocket Lab shares rise after the latest Electron mission.
SpaceX shares rose even as a large block of previously restricted stock became available for sale. The move comes amid ongoing secondary tender activity for the private company.
SpaceX will launch a Starlink mission from Cape Canaveral on Monday. The flight resumes the constellation's deployment cadence after the prior pause.
Over 100 million square feet is the planned footprint for Tesla and SpaceX's Terafab. That equals 3.6 square miles, or roughly 10% of Miami's total land area.
A South Korean lunar orbiter has photographed the crater formed by a SpaceX Falcon 9 upper stage that struck the moon in 2022. The images confirm the impact site's location and scale in the Hertzsprung crater region.
SpaceX has rebounded from its post-earnings slide, with investors now focused on the lockup expiry.
SpaceX's first post-IPO share unlock is underway. The move could add selling pressure to the stock.
$16.8 billion is the estimated capital requirement for the first phase of Terafab from SpaceX and Tesla combined. The facility is projected to employ at least 3,000 people, with later expansions expected to push total investment higher.
SpaceX faces a lockup test as it addresses the recent Moon crash, with Cathie Wood and retail investors buying the dip.
More than 900 million SpaceX shares unlock today as lockups expire for early investors and employees.
SpaceX shareholders continue to sell shares whenever possible. One told the BBC, "Every chance I get, I'll sell a little more.
SpaceX confirmed its next Terafab site in Grimes County. Construction is expected to begin within months.
SpaceX investors reportedly have a fresh tender window to sell shares, with the offer framed as potentially too good to pass up for those seeking liquidity.
SpaceX increased its Tesla Megapack purchases in Q2 to supply backup power for the Colossus AI data centers in Greater Memphis. The batteries address grid constraints at the expanding site.
$2.3B CAD contract will deliver secure Military Ka-band coverage over Canada's Arctic starting in 2028. SpaceX will launch the satellites under the 15-year deal with Telesat.
SpaceX is entering the communications market with a unified cellular network built on acquired frequencies and a mix of satellite and terrestrial infrastructure. The move is positioned to drive down service prices.
SpaceX is reportedly partnering with Nvidia to equip its Starmind satellites with orbital datacenters.
SpaceX shares fell 9% after earnings, prompting Wall Street to reassess valuation and growth assumptions.
SpaceX's wayward rocket struck the moon as predicted, with scientists now confirming the impact through orbital data and crater analysis.
Chamath Palihapitiya warned short sellers against betting against SpaceX, noting the same aggressive pressure once targeted Tesla in its early public years. Reports of elevated short interest in the company prompted the caution.
Tesla and SpaceX earnings both zero in on capital expenditures as the companies expand manufacturing and infrastructure. The pattern shows up across their latest quarterly updates.
SpaceX shares fell 12% after investors balked at the AI spending increase. CEO Elon Musk raised the annual revenue target to $1 trillion by 2030, one year ahead of the prior forecast.
SpaceX plans to build a terrestrial mobile network using spectrum acquired from EchoStar, targeting customers from T-Mobile, AT&T and Verizon. "We definitely intend to build out the terrestrial component," said president Gwynne Shotwell.
Three AST SpaceMobile BlueBird satellites reached orbit on a Falcon 9 from Cape Canaveral at 3:49 a.m. EDT. The launch marks the third time SpaceX has flown hardware for the direct-to-device constellation.
SpaceX purchased $295 million of Tesla Megapacks in Q2 2026. Its total spend on the systems for datacenters has now passed $800 million since last year.
SpaceX insiders are preparing to sell shares as the company contends with surging AI infrastructure costs.
SpaceX CFO Bret Johnsen said the company is on track for $100 billion ARR from AI compute deals by year-end. • $6.7 billion in additional cloud services revenue contracted in the first weeks of Q3 alone.
SpaceX's AI revenue tripled to $2.6 billion year over year, fueled by new compute deals with Anthropic and Google. The division posted a $1.5 billion loss.
SpaceX CFO Bret Johnsen said AI compute deals are delivering a payback period of less than one year on datacenter infrastructure investments.
SpaceX targets over 2 GW of compute by year-end, scaling closer to 10 GW than 5 GW by the end of next year. The company will build exclusively on Nvidia, with Vera Rubin as the planned platform.
Elon: "We have grok 4.6 coming out next week, then Grok 4.7 about 3-4 weeks from today. With Grok 5, which should be end of year, we'll be incorporating the entire corpus of SpaceX data.
SpaceX will fly next-generation Starlink V3 satellites on its upcoming Starship test flight, the first time the satellites will reach orbit and become operational. The mission will also attempt booster catch.
SpaceX posted a $540 million loss on bitcoin holdings in its first earnings as a public company, though revenue topped Wall Street forecasts ahead of a major insider share unlock.
SpaceX posted $7.81B revenue in Q2, up 92% from $4.07B a year earlier. • Net loss narrowed to $541M from $1.008B YoY • Operating loss fell to $143M from $970M YoY
Nearly 1 billion SpaceX shares unlock on Thursday. The vesting event covers employee and early investor holdings.
A piece of a SpaceX rocket is on course to strike the moon. The impact is expected in the coming days.
Musk issued a second warning to SpaceX short sellers hours before the company's first earnings release as a public firm. He wrote on X: "I try to warn them, but they just double down …
$100 billion in cash reserves at SpaceX, the company stated. CFO Bret Johnsen said revenue growth accelerated across all segments in the second quarter with strong operating leverage.
SpaceX connectivity revenues hit $4.3 billion, up 66% year-over-year. • 12 million Starlink subscribers at end of Q2 2026 • Doubled from a year earlier • Added 1.7 million sequentially
SpaceX posted $18.3 billion in capex for Q2 2026. The figure reflects ongoing outlays for Starship, Starlink, and launch infrastructure.
SpaceX reportedly generated $7.8 billion in revenue for Q2 2026, beating expectations.
SpaceX is partnering with Nvidia to equip Starmind AI1 satellites with Rubin GPUs and Vera CPUs for orbital datacenter compute. Each satellite is said to carry the full Nvidia stack for space-based workloads.
SpaceX recovers Ship 40 intact from the Indian Ocean after its soft landing. Ship 41 is now preparing for testing ahead of Flight 14.