Elon Musk

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Elon Musk’s SpaceX and xAI might merge into one company

SpaceX and xAI, which are both led by Elon Musk, are “in discussions to merge” ahead of SpaceX’s IPO that’s planned for later this year, Reuters reports. The merger would help with SpaceX’s plans to launch data centers into space, according to the publication. The specific timing and value of the potential merger are unclear. […]

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Tesla discontinuing Model S and Model X to make room for robots

Tesla will discontinue the Model S and Model X in the second quarter of 2026, Elon Musk said in an earnings call with investors today. Musk said the reasons for cancelling the vehicle programs was to make room at Tesla’s Fremont factory for production of its Optimus humanoid robot. The Model S is Tesla’s luxury […]

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SpaceX is coming to the public markets, and secondaries are already on fire

paceX is reportedly lining up four major Wall Street banks for a 2026 IPO that could provide the reset the market needs.  The company just completed a tender offer at an $800 billion valuation, and secondary market demand is through the roof. If SpaceX goes public anywhere near its rumored $1.5 trillion valuation, it could trigger an IPO cascade for other late-stage unicorns like OpenAI, Stripe, and Databricks.  Watch as Equity host Rebecca Bellan […]

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Tesla hits a grim milestone: its second straight year of losses

Tesla just reported its second consecutive year of declining revenue and profits, further complicating Elon Musk’s $1 trillion effort to transform his company into a leader in AI and robotics. Meanwhile, the global EV market continues to grow, seemingly in spite of the pioneering company’s setbacks. Tesla said it earned $840 million in net income […]

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