SpaceX

SpaceX to build $16.8 billion chip plant in Texas, create over 3,000 jobs

Aerospace major SpaceX and electric vehicle maker Tesla are investing USD 16.8 billion to build 'Terafab', an advanced AI semiconductor complex in Texas, designed to narrow a looming gap in global chip supply, according to official statements. The first phase of the vertically integrated, 100-million-square-foot facility in Grimes County, Texas, will create at least 3,000 high-paying jobs for engineers, technicians, and plant operators, with future expansion phases expected to push total investment significantly higher, SpaceX said in a statement on its website on Thursday. "The Terafab is bringing cutting-edge manufacturing to America, creating thousands of high-paying jobs in the Lone Star State, and enabling us to produce AI chips at scale for use on Earth and in space," SpaceX Founder and CEO Elon Musk said in the statement. The mega facility aims to meet an anticipated requirement of over one terawatt of computing power for Musk's ventures. The plant will make, package, and tes

Updated On: 07 Aug 2026 | 10:59 AM IST

South Korean satellite captures first images of SpaceX rocket crash on moon

A South Korean satellite has captured the first pictures of the moon's fresh crash scene caused by a stray SpaceX rocket. The Korea Aerospace Research Institute's Danuri spacecraft flew over the impact site soon after the Falcon 9 upper stage inadvertently plowed into the moon on Wednesday. Danuri made multiple passes, snapping photos from lunar orbit that were released by the space agency Thursday. The terrain is noticeably darker where the rocket hit and carved out a crater, sending dust and rock everywhere. Korean space officials said Danuri gathered before and after shots. NASA expects its Lunar Reconnaissance Orbiter to fly over the crash site next week to view the aftermath. Elon Musk's SpaceX launched Danuri from Cape Canaveral in 2022. The company also sent a pair of private lunar landers to the moon last year. The upper stage from that launch is what crashed into the moon this week at 5,400 mph (8,700 kph), placed on an accidental collision course by solar activity and ..

Updated On: 07 Aug 2026 | 8:11 AM IST

Why SpaceX shares fell despite blockbuster earnings | Elon Musk | Business News

SpaceX delivered stronger-than-expected quarterly revenue in its first earnings report as a listed company. But instead of celebrating, investors focused on something else: the company's massive.

Updated On: 06 Aug 2026 | 8:58 PM IST
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SpaceX's shares fall, AI splurge puts damper on first earnings after IPO

SpaceX shares fell after the company disclosed a sharp rise in AI spending, overshadowing stronger-than-expected revenue in its first earnings report after listing

Updated On: 05 Aug 2026 | 10:53 PM IST

SpaceX eyes AT&T, Verizon, T-Mobile customers with mobile service

The three biggest operators - AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. - generate hundreds of billions of revenue per year, SpaceX President said

Updated On: 05 Aug 2026 | 8:34 AM IST

Elon Musk dismisses report of Tesla's potential China business sale

Tesla and SpaceX merger can raise geopolitical hurdles, particularly in ​China, because SpaceX is a major US defence contractor while Tesla operates wholly owned manufacturing facilities in China

Updated On: 31 Jul 2026 | 11:07 AM IST

SpaceX tightens supply chain rules, excludes Chinese nationals, components

SpaceX is carrying out detailed supplier audits and asking partners worldwide not to deploy Chinese nationals at factories making products for the company

Updated On: 30 Jul 2026 | 3:51 PM IST

Nvidia forms 37-member AI safety alliance with Microsoft, SpaceX, Palantir

US companies leading the AI race, including OpenAI, Anthropic and Google, are not part of the founding alliance.

Updated On: 28 Jul 2026 | 10:14 AM IST

Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?

Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?

Updated On: 27 Jul 2026 | 11:35 AM IST
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SpaceX launches Starship on 13th test flight with most advanced Starlinks

Towering 407 feet (124 metres), Starship soared from the company's base at the southern tip of Texas. NASA monitored the flight, a critical step toward using the Starship as a lunar lander for moon crews. Elon Musk's SpaceX replaced six of the 33 engines on the first-stage booster after they failed to ignite last week, resulting in a last-second launch abort. The previous Starship flight in May also experienced engine trouble, which prevented the booster from making a controlled return. It was the 13th flight of the world's biggest and most powerful rocket, and the second this year of the new version dubbed V3. Like the previous demo that climbed as high as 125 miles (200 kilometres), neither the booster nor spacecraft was being saved, instead ditching into the sea. The booster was bound for the Gulf of Mexico and the stainless steel, retro-looking spacecraft for the Indian Ocean more than 10,000 miles (16,000 kilometres) from where the hourlong flight began. The Starlinks had a job

Updated On: 25 Jul 2026 | 7:46 AM IST

SpaceX aborts Starship launch seconds before liftoff after engine issue

SpaceX's mega Starship rocket came within a few seconds of blasting off on a test flight, but some of the engines failed to start triggering a launch abort. Elon Musk's company said on Thursday that it will have to figure out what went wrong before making another attempt to send Starship on a space-skimming flight halfway around the world. It was supposed to be the 13th flight for Starship, which at 407 feet (124 metres) tall with 33 main engines is the world's biggest and most powerful rocket. Twenty of SpaceX's newest and most advanced Starlinks were on board Starship for release during the planned hourlong flight. The internet satellites were going to try communicating with Starlinks already in orbit while taking photos of Starship's heat shield. Neither the first-stage booster nor spacecraft were meant to be recovered, with both ending up in the sea. NASA is counting on Starship to land its astronauts on the moon in the next few years.

Updated On: 17 Jul 2026 | 9:38 AM IST

SpaceX shares briefly fall below $135 IPO price as post-listing rally fades

Stock closed at $135.27, marginally above its offer price after a fourth straight day of declines, reflecting cooling investor enthusiasm

Updated On: 16 Jul 2026 | 7:40 AM IST

China successfully launches, retrieves reusable rocket booster at sea

The Long March 10B's first stage made a vertical landing on an offshore platform, making China the second country after the US to achieve the feat

Updated On: 10 Jul 2026 | 2:18 PM IST

With SpaceX Starship, Japan's ispace provides ride-share to the moon

Japan's ispace will launch a lower-cost lunar cargo service using SpaceX's Starship, aiming to expand commercial access to the Moon by 2030

Updated On: 08 Jul 2026 | 11:03 PM IST

SpaceX lost $600 billion in a week: What spooked investors | SpaceX share price

SpaceX has lost nearly $600 billion in market value in just one week, with shares plunging 23% from their recent peak. Investors are worried about the company's massive $20 billion bond offering

Updated On: 01 Jul 2026 | 6:55 PM IST
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Inside India's satellite internet race, and why no one has switched on yet

India's draft spectrum rules move satellite reforms forward, but low earth orbit operators such as Starlink, OneWeb and Jio-SES still await security clearance and separate regulations

Updated On: 23 Jun 2026 | 3:28 PM IST

SpaceX shares slip for third day, shedding $600 billion in market value

The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period

Updated On: 23 Jun 2026 | 10:20 AM IST

India's global IPO share at 6-year low following mega SpaceX listing

In the month of the Covid year, the share had fallen to less than 1 basis point

Updated On: 23 Jun 2026 | 6:55 AM IST

Capital gains don't deserve a special tax privilege if labour doesn't

There are also social risks that accompany huge bets on labour-saving technologies like AI and robotics

Updated On: 19 Jun 2026 | 11:00 PM IST

SpaceX deal with Cursor turns four MIT classmates into billionaires

SpaceX formally agreed to buy Cursor Tuesday in an all-stock deal that values the company at $60 billion

Updated On: 17 Jun 2026 | 7:50 AM IST