Browsing: SpaceX

SpaceX’s advancement in artificial intelligence is projected to significantly increase its valuation, potentially reaching tens of trillions by the 2030s. This growth prediction is driven by SpaceX’s strategic focus on AI, with parallels to Google’s restructuring of DeepMind and ByteDance’s AI developments. AI technology is seen as a critical factor in the future value of…

Cursor, the startup that became famous for its AI coding tool, is now officially owned by SpaceX. The companies announced the acquisition in June, but the process apparently started in April, when they teamed up for Cursor’s model training efforts. In its announcement, Cursor said that it will now have access to “the largest fleet of GPUs…

Publicly traded VC funds have been booming this year, amassing billions of dollars of pre-IPO equity as retail investors clamor for exposure to top startups before they go public. But that excitement is reversing, as SpaceX’s SPCX public debut and its wave of expiring share lockups flood the market with supply that scarcity had once…

Following its IPO, Space Exploration Technologies (NASDAQ: SPCX) started hot, setting new all-time highs for a couple of trading days in a row. Then the selling started. It hasn’t really stopped, either, as it’s down 34% from its all-time high. That may have some investors worried about the future, but should they be? After all,…