SpaceX Acquires xAI, Goes Public, Acquires Cursor
Elon Musk (February, Hacker News):
SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform.
[…]
Current advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment.
In the long term, space-based AI is obviously the only way to scale.
There are potential environmental and energy benefits to putting data centers in space, and Blue Origin’s Bezos also thinks this makes sense, but many are convinced that the numbers just don’t work (Reddit).
Kirsten Korosec and Russell Brandom:
But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed interested — perhaps because of the sheer size of the IPO. The company priced its 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history and turning Musk into the world’s first trillionaire. That total raised figure would end up ballooning to $85.7 billion raised.
[…]
SpaceX shares opened June 12 at $150 on the Nasdaq public exchange, an 11% pop for the most anticipated debut in history. And it has continued to rise. The shares kept rising too. In midday trading, SpaceX shares soared 30%. SpaceX shares closed at $160.95, up 19%.
SpaceX passed Amazon to become the fifth-most valuable company in the world, after its stock price climbed 20% on Monday and more than 8% in early trading Tuesday, pushing its valuation past $2.7 trillion.
SpaceX is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market.
Previously:
- Globalstar Takeover
- Meta Acquires Moltbook
- Apple Acquires Q.ai
- Why Using ChatGPT Is Not Bad for the Environment
- xAI Acquires X/Twitter
- Calling AI a Bubble
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Elon Musk is a neo nazi who has used his money and power to support the worst people's bids for government. We can't talk about his companies and them building more power without talking about that and thinking critically about how he might use that power in the future
This is bad. For everyone.
The worst people are reaping the biggest rewards, and it's so easy to stop them.
Just tax away anything account a 100 million.
If you look up Patrick Boyle on Youtube, he does a deconstruction (14/06/2026) of the SpaceX float, coming to a conclusion that the whole thing is effectively a con to pay out the people and banks who financed his Twitter buyout.
Musk as an entity is effectively a Cryptocurreny scam; he uses other people's money to create worthless companies, that only ever lose money, then convinces gullible people to put their real money in, so he can get real money out, and rolls over the debt into a new money-losing company, via a "merger" that no one can object to, because the share structures mean he has overwhelming voting rights.
As for datacenters in space I'm firmly in the "that won't work" camp.
Also worth noting that Musk is running his datacenters in gas turbines at the moment. If he truly cared about not including hardships on communities, there's plenty he can do without blowing up a bunch of rockets.
Jail him
"Just tax away anything account a 100 million."
I keep reminding myself that being a trillionaire is being a millionaire a million times. Nobody should should hold that amount in assets when people cannot pay their healthcare bills (or house, or food, or ...). And still, they pay fewer taxes percentage-wise than normal workers. It's insane.
Well and then with Musk, there is all the nazi dog whistling. But he didn't do it as overtly the last year or so, so it seems people think it's fine buying Teslas again (Tesla sales initially collapsed in Europe).
"As for datacenters in space I'm firmly in the "that won't work" camp."
I'm 99% sure everybody involved in this knows this won't work, and knows it is just a lie to justify the space stuff (and SpaceX buying Twitter/xAI), because there's not enough of an actual market otherwise.
"Also worth noting that Musk is running his datacenters in gas turbines at the moment"
In related news:
This only a few days after they shut down Anthropic's most advanced model (while the similarly powerful GPT 5.5 remains online). It's funny how everything is a national security concern, and it somehow always hurts the administration's "enemies" and helps their "friends" (i.e., donors).
Tell me again how this isn't the most corrupt government in recent memory, and how both parties are really the same if you think about it hard enough.
I swear that I saw a graph the other day that showed the inequalities in the US are MUCH larger than during the gilded age.
