Tesla and SpaceX Commit $16.8 Billion to Build “Terafab,” a Massive AI Chip Factory in Texas Tesla and SpaceX announced Thursday, August 6, that they will jointly build “Terafab,” an advanced semiconductor manufacturing complex in Grimes County, Texas, with an initial investment of $16.8 billion — a project Elon Musk says will produce “the largest … Read more
SpaceX Beats Revenue Estimates in First Public Earnings, But Stock Falls on $18.4 Billion AI Spending SpaceX posted its first earnings report as a public company on Tuesday, August 4, beating Wall Street’s revenue expectations with 92% year-over-year growth — but the stock fell as much as 11% anyway, as investors focused on a sharp … Read more
Musk Calls Tesla-China Report “Absurdly Fake News” as SpaceX Preps First Earnings Since Going Public Elon Musk has flatly denied a Wall Street Journal report claiming Tesla executives were preparing to separate the company’s China business ahead of a possible merger with SpaceX, calling the report “absurdly fake news” — a denial that comes just … Read more
SpaceX Sets New Falcon 9 Reuse Record as Rocket Completes Historic 36th Flight SpaceX has reached another milestone in commercial spaceflight after one of its Falcon 9 boosters completed a record-breaking 36th mission, further demonstrating the reliability of reusable rocket technology. The launch carried a new batch of Starlink internet satellites into low Earth orbit … Read more
Tesla Unveils New Three-Row Model Y in the U.S. as Investors Shift Focus to AI Tesla has officially introduced a new three-row, six-seat Model Y in the United States, expanding its popular electric SUV lineup. The long-wheelbase version offers additional seating and cargo space, making it more attractive to larger families and buyers looking for … Read more