the staff of the Ridgewood blog
Brownsville Tx, Elon Musk is moving the chess pieces of his empire again, and this time, the stakes are astronomical. In a move that has sent shockwaves through Silicon Valley and Wall Street, SpaceX has officially acquired xAI in a historic deal valuing the AI startup at $250 billion.
Continue reading Elon Musk’s Trillion-Dollar Gamble: Why SpaceX Just Swallowed xAI
the staff of the Ridgewood blog
Ridgewood NJ, SpaceX has taken a major step toward significantly boosting the speed of its Starlink internet service. The company has filed an application with the US Federal Communications Commission (FCC), outlining a plan to deliver gigabit-per-second broadband, which could make Starlink roughly 10 times faster than it is today.
Continue reading SpaceX Proposes Huge Speed Boost for Starlink, Seeks FCC Approval
the staff of the Ridgewood blog
Ridgewood NJ, Elon Musk announced on Thursday that SpaceX has achieved breakeven cash flow. It is unclear whether the milestone was hit on an operating basis or for a specific time period. SpaceX’s valuation is now at around $150 billion. Musk is considering spinning off Starlink and making it public through an initial public offering likely after 2025.
Continue reading SpaceX’s Starlink ‘achieved breakeven cash flow’
