SPACEX LAUNCH
Tesla Cybertruck hits a dead end: Elon Musk's futuristic EV launched 4 years after unveiling, sold only 10% of his target, with its biggest buyer being another of the billionaire's companies
Elon Musk revealed that Tesla will halt Cybertruck production at Gigafactory Texas around mid-2027. The Cybertruck sold only 20,237 units last year, far below Musk's expectations of 250,000 units annually. Multiple delays and recalls significantly impacted the Cybertruck's journey since its unveiling in November 2019. Tesla plans to increase production of the Cybercab as part of its future strategy.
Tech billionaires in Democrats’ crosshairs: Who could face congressional probes? Here’s the hit list
Elon Musk, Mark Zuckerberg, Jeff Bezos and other tech leaders could face congressional investigations as Democrats prepare to take control of Congress in 2027. Their scrutiny could focus on ties to Donald Trump, political influence, AI development, data center expansion and the industry's impact on American jobs and communities.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
Tesla Cybertruck discontinued: Elon Musk suffers big setback after spending $446 million backing Republicans who lost in midterm
Cybertruck cancelled: Tech billionaire Elon Musk is facing new business challenges as Tesla plans to wind down Cybertruck production. After spending at least $446 million backing Republicans in the 2026 elections, Musk saw Democrats make major gains. House Democrats have also called for investigations into his work at DOGE and promised to scrutinize federal funding for his companies.
US proposes space launch rule changes in potential boost for SpaceX
The FAA said it was proposing changes to definitions of when a flight abort is not mandatory and to clarify requirements and thresholds for when an abort - the early end of a launch or mission because of a problem - must occur. The FAA is proposing to revise rules for spacecraft breaking up as they fall to Earth and how space companies calculate the risks of falling space debris from those vehicles hitting people on the ground.
US proposes space launch rule changes, vows regulatory overhaul
The Federal Aviation Administration is planning regulatory changes for commercial space launches and re-entries. It aims to facilitate at least 1,000 launches annually by the year 2030. These proposed adjustments include updating definitions about mandatory flight aborts and clarifying associated requirements. Last year saw only 178 launches, with significant involvement from SpaceX. This overhaul signals a major shift in the regulatory landscape for commercial space activities.
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Musk's $445 million midterm bet goes awry. Is his political influence at risk?
Elon Musk's $445 million spending spree on Republican candidates yielded limited results in the US midterms, with most of those he backed losing. As Democrats gain control, Musk faces potential congressional investigations, calls for campaign finance reforms and greater scrutiny of his companies, government contracts and political influence.
NASA's Artemis II rocket punched 3,100-mile-long holes in Earth's atmosphere, disrupted GPS signals: Study
NASA's Artemis II mission created large disturbances in the ionosphere that disrupted GPS signals across the United States. These disturbances were significantly more intense than those from prior rocket launches, causing potential issues for technologies reliant on precise positioning. Researchers noted that even minor positioning errors could impact autonomous vehicles, which rely on GPS data. The mission set new records for human distance from Earth during a lunar flyby.
Anthropic says revenue surged 1,100% ahead of IPO
Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.
Grok bot users hit limits faster as Elon Musk warns of ‘unsustainably high’ AI agent costs: What happens next?
Grok Bot usage limits: Elon Musk says the cost of running Grok Bot has become unsustainable relative to its revenue as users report hitting weekly usage limits faster. Despite 800,000 paid weekly users, questions remain about the service's costs, pricing and future limits.
Anthropic revenue jumps 1,100% ahead of IPO as AI spending commitments near $900 billion
Anthropic reported a 1,100% surge in third quarter revenue to $17 billion ahead of its planned IPO later this month. However, the AI company also disclosed a $23.3 billion net loss and nearly $895 billion in spending commitments, raising questions about AI infrastructure costs and investor appetite for its proposed listing.
SpaceX in talks to buy Boost Mobile or use its network: Report
The Elon Musk-led rocket maker is looking to build a hybrid satellite-terrestrial mobile network through Starlink Mobile to challenge US wireless giants AT&T, Verizon and T-Mobile, combining its satellite constellation with ground based infrastructure to compete directly in the telecom market.
Europe space chief heads to Gulf as bloc looks beyond US
The head of the European Space Agency will visit the United Arab Emirates to discuss collaboration. This meeting aims to reduce Europe's dependence on the United States for space exploration. The ESA hopes to establish a framework agreement with the UAE to strengthen its exploration initiatives. Additionally, discussions may include potential investments and participation in upcoming programs. European governments must first ensure adequate funding before pursuing international cooperation.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
Google’s Space AI just wrote a Haiku from orbit; here’s how it did it
Google launched its Project Suncatcher prototype satellite on October 1, 2026, aboard SpaceX's Transporter-18 mission. Following initial checks, the satellite completed early machine learning tests with its onboard Gemma AI model. During a ground-station pass, the satellite generated a haiku about life in space, showcasing its capabilities. Google plans to explore the reliability of this technology under space conditions in future tests.
Nasdaq faces $2 trillion wipeout in October as AI spending fears deepen
The wipeout would amount to slightly more than SpaceX's entire market value. The index has fallen over 5.8% so far in October as the AI trade ran into turbulence, with hyperscalers Meta Platforms, Alphabet and Amazon.com raising spending forecasts further as they race to expand AI infrastructure.
AI giants' funding ambitions test Wall Street's appetite for risk
The heavyweights of the AI industry are facing a reckoning on Wall Street, reflecting concerns over who will bear the cost of the artificial intelligence buildout that has fueled much of this year's stock market gains.
Whenever you feel 'demotivated' in life, rewatch an old video of Elon Musk from Tesla's near-bankruptcy days
Social media user Unnati shared an old video of Elon Musk pitching Tesla’s $109,000 Roadster in 2008, when the company was nearing bankruptcy. Musk explained how revenue from expensive cars would fund affordable electric vehicles. During the crisis, SpaceX secured a major NASA contract, while Tesla investors provided crucial funding to keep the automaker running.
Jio vs Starlink makes for a billionaire clash, but India’s satcom race is a minefield in the skies
Jio Platforms is preparing for an IPO while developing its satellite venture to connect remote areas. Reliance Jio's ambitious plan involves deploying 1,600 low-Earth-orbit satellites and 23 ground stations across India. Meanwhile, Bharti Airtel aims to compete with a satellite network of its own through partnerships. The regulatory environment remains complex as both companies navigate their plans amid recent developments.
Elon Musk says SpaceX raised $40 billion in debt for GPUs
Musk's post comes after Reuters reported earlier this month that SpaceX is in talks with banks and asset managers to raise $40 billion for the purchase of Nvidia artificial intelligence chips.
Indian capabilities will help develop next-gen weapons: Patrice Caine, CEO, Thales Group
Thales Group intends to expand its sourcing from India, which has already exceeded €1.2 billion over five years. The company is exploring partnerships with Indian space launch firms due to anticipated global launch shortages by 2029. Indian suppliers are seen as integral to Thales' strategy for developing advanced radars and missile systems. The company aims to transfer not only production but also design authority for defense equipment.
NASA adopting Apollo's urgency to build a moon base and land astronauts within two years
NASA plans to return astronauts to the moon with the Artemis III mission set for next summer. Following that, Artemis IV aims to accomplish a historic moon landing by 2028, marking the first since the Apollo missions. Administrator Jared Isaacman emphasized the importance of efficiency and a fast-paced approach similar to Apollo's playbook. Docking exercises with SpaceX and Blue Origin's landers will occur before the moon base establishment.
US has for years asked Musk to alter Starlink service in Ukraine, Middle East, sources say
Multiple requests were made by the Biden and Trump administrations for SpaceX to adjust Starlink services across different regions. These requests included both restricting access to adversarial groups and providing access to allies and civilians. Notably, officials expressed concerns about Starlink being used by Iranian proxy forces, which the US aimed to counteract. Additionally, Ukraine's military access to Starlink has recently been limited, raising alarms among European officials.
Why US stocks are falling: Dow Jones crashes over 700 points as AI selloff, SpaceX fears hit markets
US stocks experienced a decline as AI related shares continued to selloff significantly over the week. The Dow Jones Industrial Average fell markedly, affecting overall investor sentiment in the market. Concerns regarding competition from SpaceX led to drops in major telecom stocks such as AT&T and Verizon. Meanwhile, energy stocks achieved record highs as oil prices rose amid ongoing supply concerns.
Elon Musk wants to merge SpaceX and Tesla: Here's what to know
Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies. Musk cautioned that a merger is not certain.
A $5 nut doomed SpaceX’s first rocket; its satellite crashed through a shed roof and landed beside its own shipping crate
In March 2006, SpaceX’s first rocket failed because of a $5 aluminium nut that cracked from corrosion. The cadet-built satellite on board was thrown clear and landed in a storage shed beside its own shipping crate. Reports first blamed human error, but a review board pointed to corrosion, a cause even Elon Musk called only “most probable”.
SpaceX CEO Elon Musk says Co and Tesla have formed special committees to discuss merger
SPACEX is preparing for significant developments regarding its Starship program and upcoming flight schedules. Elon Musk projects that Starship will fly weekly in early next year and twice weekly later. The company anticipates substantial revenue growth, aiming for annual recurring revenue between $500 billion and $1 trillion by 2027. Additionally, SPACEX plans to establish a Louisiana launch site with numerous towers to support operations.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
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