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SpaceXAI and Cursor plan to release their first jointly developed artificial intelligence model as soon as Wednesday, weeks after SpaceX moved to buy the code editor for $60 billion. Key Points: The launch was delayed earlier this week so engineers could improve the model's efficiency. Internal test

Elon Musk's xAI rebranded as SpaceXAI on Monday, adopting a new logo that completes the artificial intelligence firm's absorption into SpaceX five months after their $1.25 trillion merger. Key Points: xAI changed its X handle to SpaceXAI on Monday and posted a video of its logo folding into a new ma

Cathie Wood's ARK Invest bought 96,935 shares of Elon Musk's Tesla worth about $38 million on Thursday, days after a separate SpaceX bet. Key Points: ARK Invest bought 96,935 Tesla shares valued near $38 million on July 2. The buy landed as Tesla stock fell 7.49% after a strong quarterly delivery re

SpaceX shares fell 7% on Wednesday after Elon Musk denied a report that the company showed investors a prototype AI-powered handset device ahead of its blockbuster initial public offering. Key Points: SpaceX stock dropped about 7% on Wednesday after Elon Musk denied a report that the company showed

SpaceX shares have erased much of their post-IPO surge, pushing Elon Musk below the $1 trillion wealth mark after a brief run at the top. Key Points: SpaceX shares have fallen 31% from their Jun. 16 peak of $225.64. Musk’s fortune dropped to $957 billion, according to the Bloomberg Billionaires Inde