Elon Musk

SpaceX to set up Turbine Blade Foundry in Texas to Meet AI Power Demand

Commercial space firm SpaceX is constructing a specialised in-house foundry to manufacture high-spec gas turbine blades and vanes, CEO Elon Musk confirmed. Confirming the plans on social media platform X, Musk on Saturday noted that while SpaceX and Tesla are racing to scale solar panel production, natural gas remains necessary to bridge power demands for several years. The strategic expansion targets a severe supply chain bottleneck that has stalled power generation required for artificial intelligence (AI) data centres across the United States. A turbine blade foundry is a specialised manufacturing facility that uses advanced casting techniques to produce high-precision turbine blades and vanes for jet engines, aerospace systems and power-generation gas turbines. "The limiting factor for nat gas turbine production is casting the blades & vanes," Musk stated. "By doing in-house casting at SpaceX, we can accelerate nat gas turbines coming online by up to 18 months, which is a ...

AI will reach superhuman ability across digital tasks by 2027: Elon Musk

Elon Musk claimed by the end of next year, artificial intelligence will be able to do anything digital that humans can

OpenAI to end deal with SpaceX-owned Cursor, deepening Musk-Altman clash

We are making ‌this choice because we cannot be confident that ​SpaceX will use technology within ​our terms of service, based on our experience with Musk's companies violating contracts, OpenAI said

Elon Musk’s Starlink reapplies for Gen 2 satellite constellation approval in India

Starlink has reapplied for approval of its Gen 2 satellite network in India, seeking authorisation for nearly 30,000 LEO satellites.

Elon Musk pitches Starlink as way to connect 'least served' in rural India

SpaceX founder Elon Musk has pitched Starlink's satellite internet services as a way to connect underserved parts of India, particularly rural areas. "Starlink would help the least served in India, especially in rural areas," Musk said in a social media post on Wednesday local time. He was responding to a post by X account DogeDesigner, which also pushed for Starlink Services in India to connect remote villages. "11,256 of India's listed villages still had no 4G coverage as of May 2026," DogeDesigner said. "India had 1.093 billion internet subscriptions in March 2026, but only 440.87 million were rural. Rural subscription density was 48.31 per 100 people, compared with 126.80 in urban India," it said. Musk's comments came amid reports that Starlink has made a fresh application to offer satellite communication services in India. The Indian National Space Promotion and Authorisation Centre had earlier rejected Starlink's application for its Gen 2 satellite network, saying some of i

Starlink knocks on India's door again for Gen 2 satellite network

Starlink is seeking a fresh regulatory nod for its next-generation satellite network as India works on rules for direct-to-device services that could bring satellite connectivity to phones

Family offices amass $3.8 billion SpaceX bet in boost for Elon Musk

More than a dozen family offices held a total of at least $3.8 billion in the company officially known as Space Exploration Technologies Corp. through the first half of 2026, filings show.

Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor

The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.

S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread

Even excluding the CEO of Tesla and SpaceX , average compensation for chief executives in the S&P 500 soared 21% to $22.8 million in 2025

SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally

Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending

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.

Zelenskyy seeks Trump's help to expand Starlink use for strikes in Russia

Ukrainian President Volodymyr Zelenskyy has pitched President Donald Trump and other American officials on helping Ukraine win permission from tech titan Elon Musk to use his Starlink satellite communications system to guide strikes inside Russia. The push for expanded use of Starlink comes as Zelenskyy looks for alternate ways to mitigate the need for US Patriot air defence systems to thwart the steady barrage of Russian missile and drone attacks on Ukrainian territory. The interceptors are in shorter supply as the US and Israeli war against Iran continues to rage, and Trump on Friday appeared to back away from a recent commitment to give Ukraine a license to produce them. Zelenskyy made the request directly to Trump in an Oval Office meeting this week during his whirlwind trip to Washington, according to one person familiar with the matter. He also told lawmakers later on Capitol Hill that he wanted Starlink to help with targeting inside Russia, according to a person in the room. .

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

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

'X Money' launched for Premium X users across most US states: What to know

X Money's launch brings X one step closer to Musk's vision of turning the platform into an "everything app" that combines communications, payments, and everyday banking

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?

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

Tesla's profit dips as spending for AI goals surged to $5.8 bn in Q2CY27

Tesla's profit fell as AI spending surged to $5.8 billion, leading to its first cash burn in two years despite stronger-than-expected revenue and EV sales

Musk's SpaceX in talks to provide computing power to Pentagon: Report

According to the ‌report, SpaceX employees have ​discussed plans to compete more directly with neocloud firms such ‌as CoreWeave by ​selling computing ‌capacity

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.