According to @thedaoofwei, SpaceX has acquired xAI to form a vertically integrated innovation engine spanning AI, rockets, space-based internet, direct-to-mobile communications and a real time information platform. The source cites Elon Musk outlining a plan to deploy up to a million satellites as orbital data centers powered by near-constant solar energy to overcome terrestrial power and cooling limits for AI compute. The source adds that Starship will begin delivering higher capacity V3 Starlink and next generation direct-to-mobile satellites, with an eventual target cadence of hourly launches carrying 200 tons per flight to support large-scale deployments. The source reports Musk's estimate that space-based compute could become the lowest cost option within two to three years, with stated math of 100 kW per ton enabling roughly 100 gigawatts of AI compute capacity added annually at a one million ton per year launch rate, and a longer-term path to terawatt-scale. The source notes plans for established space sustainability practices plus a roadmap to lunar manufacturing and electromagnetic mass drivers that could scale hundreds to thousands of terawatts per year for deep-space AI infrastructure. The source positions this strategy as enabling AI applications, global connectivity and multi-planetary operations under the combined SpaceX and xAI platform.

According to @StockMKTNewz, Elon Musk said SpaceX is not raising money and reports of an $800B fundraise are inaccurate, clarifying that the referenced activity was a secondary share sale that lets employees and early investors sell stock and does not provide cash to SpaceX. source: https://twitter.com/StockMKTNewz/status/1997435300960776317 source: https://x.com/elonmusk/status/1997399963509150089 Musk added that SpaceX has been cash-flow positive for many years and conducts stock buybacks twice a year to supply liquidity for employees and investors. source: https://x.com/elonmusk/status/1997399963509150089 He said valuation changes are driven by progress in Starship and Starlink and by securing global direct-to-cell spectrum that expands the addressable market. source: https://x.com/elonmusk/status/1997399963509150089 For traders, this means liquidity events are via semiannual buybacks and secondary sales, with no crypto or token plans mentioned in Musk’s statement. source: https://x.com/elonmusk/status/1997399963509150089