SpaceX

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SpaceX’s biggest bull sees a $10.5tn valuation. A famed bear bets on a crash

SpaceX just joined the Nasdaq 100. On the same day, one Wall Street analyst put a $10.5 trillion price tag on it. A famed investor put the odds of a crash at 90 per cent. SpaceX has plenty of admirers on Wall Street. None goes further than Raymond James analyst Brian Gesuale. He opened coverage […]

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SpaceX’s Gwynne Shotwell pledges $320M in stock to Trump Accounts

SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m. The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes […]

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Amazon says it finally has enough satellites to switch on its Starlink rival

Amazon has finally reached the starting line in the satellite-internet race. It says it now has enough spacecraft in orbit to switch on its Leo broadband network later this year. The target is clear: Elon Musk’s Starlink. An overnight launch on 2 July tipped the balance. A United Launch Alliance Atlas V rocket carried 29 […]

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Amazon has enough satellites to launch its Starlink competitor

Amazon says it now has enough satellites operating in low-Earth orbit to light up its Starlink internet competitor. With last night’s launch, Amazon Leo has 396 satellites deployed, which is “enough to support continuous service across initial latitudes,” according to Chris Weber, VP heading up business and product for Amazon Leo. That puts the company […]

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SpaceX reportedly showed investors an AI device prototype, Musk says the report is false

SpaceX showed investors a prototype of a handset-like AI device before its record IPO, according to The Wall Street Journal. The prototype is reportedly slimmer than an iPhone, runs on a proprietary operating system, integrates technology from xAI, and uses a Qualcomm Snapdragon chipset. Elon Musk has denied the report, calling it “utterly false” on […]

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Cursor launches an iOS app that lets developers run coding agents from their phone

Cursor launched an iOS mobile app today that lets developers spin up and manage AI coding agents directly from their phone. The app connects to the desktop version of Cursor and allows users to start new coding sessions, review agent output, and interact with running agents while away from their computer. It is the clearest […]

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Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion. The deal will combine Rocket Lab’s launch services and spacecraft manufacturing with Iridium’s satellite-based communications network, putting it in a better position to challenge SpaceX. Iridium offers communications services to over 2.5 […]

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SpaceX wants its own gas pipeline to fuel Starship

Most rocket companies buy their fuel. SpaceX wants to pipe it in. Filings in Texas show the company plans to build its own natural gas pipeline, an unusual move for a space firm, and a telling one. SpaceX calls the line Starpipe. It would run eight miles, about 13km, to Starbase, SpaceX’s company town on […]

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