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Investing.com -- SpaceX is proposing to invest $55 billion to build a semiconductor production facility in Texas, according to a Bloomberg report that cites a public notice posted on the Grimes County website Wednesday.
Elon Musk's SpaceX has proposed an initial investment of $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made public on Wednesday. SpaceX is also targeting a June IPO that could value the company at around $1.75 trillion. Musk has been tightening integration of AI efforts across his companies, with SpaceX acquiring his startup xAI earlier this year in a deal focused on building space-based data centers for artificial intelligence processing.
Last month, Tesla took the first step towards getting Full Self-Driving (Supervised) approved across the European Union, following the Netherlands' approval of its use on its streets. Getting a foot in the door was supposed to be the hardest part of the process, because once one of the economic ...
Conditions are not right for Bitcoin to mount a recovery above $100,000, according to Galaxy Digital Inc. (NASDAQ:GLXY) CEO Mike Novogratz. "It’s not my prediction that we break [$100,000] this year," Novogratz said on Galaxy Digital’s Q1 earnings call on...
Tesla's aim to roll out its supervised "full self-driving" software in Europe got a boost from Belgium on Tuesday, where the Flanders region said it was looking into whether it can quickly adopt it following approval in the Netherlands. The Netherlands' regulator provisionally approved the use of the software on Dutch roads last month, making it the first country in the EU to allow the software, which can control a car but requires drivers to pay attention. Annick De Ridder, the transport minister for Flanders, the mainly Dutch-speaking half of Belgium which borders the Netherlands, said in a post on X that she had asked Tesla to provide documents so as to possibly follow suit in her region.
Last week’s tech earnings put investors’ attention back on AI spending and whether it’s actually paying off. One megacap stands out, surging nearly 10% over the past five trading days, the best five-day performance among the Magnificent 7 stocks. That’s Alphabet. The stock is up 22% year to date as ...
Elon Musk settles over Twitter stock disclosures, Palantir beats expectations, Trump’s tariff risks persist, and more news to start your day.
Tesla CEO Elon Musk has projected confidence that the European Union will soon green-light the carmaker's "Full Self-Driving" (FSD) system, but emails from some European regulators show marked skepticism toward the technology and its stated safety benefits. Tesla's "FSD (Supervised)" technology got the nod from Dutch road regulator RDW in April. RDW is now seeking EU approval for FSD, with a key committee hearing scheduled for Tuesday.
The automaker brought together Silicon Valley techies and industry misfits in a quest to beat China at EVs.
Elon Musk's net worth hit $800 billion, matching Rockefeller's 1913 share. He responded with a $10 trillion target.
There is an old line I picked up early in covering Detroit: never bet against the American consumer's love of trucks. For the past three years, automakers tried anyway. They poured tens of billions of dollars into electric vehicle factories, lithium supply deals, and battery joint ventures, betting ...
ARK Space Exploration & Innovation ETF (NYSEARCA:ARKX) has rewarded patient holders lately, with shares near $33 after a 74% one-year run and a 13% year-to-date gain. That kind of move tends to bury the risk conversation. It shouldn’t. ARKX is an actively managed, non-diversified thematic equity ETF that launched in March 2021. Its mandate covers ... ARKX Faces a Concentration Crisis as SpaceX IPO Looms Over Space ETF Holdings
Stock futures were falling Monday, putting a record-breaking rally for the and in jeopardy as Iran state media reported that the country struck a U.S. warship in the Strait of Hormuz. The U.S. military’s Central Command denied the report. Shares of eBay jumped 8.1% to $112.40.
So many lessons from earnings season, so little time
