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Elon Musk merges SpaceX with xAI at $1.25tn valuation
Aerospace business and artificial intelligence firm to unite for IPO as world’s most valuable private company Business live – latest updates Elon Musk’s aerospace company SpaceX has acquired his artificial intelligence business xAI, in a $1.25tn (£910bn) merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year. The two…
The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at…
Bezos’s Blue Origin announces plans to deploy thousands of satellites in 2027
Deployment will serve data centers, governments and businesses, jumping into market dominated by SpaceX Jeff Bezos’s space company Blue Origin on Wednesday announced a plan to deploy 5,408 satellites in space for a communications network that will serve data centers, governments and businesses, jumping into a satellite constellation market dominated by Elon Musk’s SpaceX. Deployment…
An ecosystem of smuggled tech holds Iran’s last link to the outside world
Despite internet blackout, a small number of Iranians are risking their lives to share messages as protests continue For most of Iran, the internet was shut off on Thursday afternoon – the most severe blackout the country has seen in years of internet shutdowns, coming after days of escalating anti-government protests. For a very small…
Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic
How the tech CEO and ‘Dogefather’ made a mess of the year – from an apparent Nazi salute during his White House tenure to Tesla sales slumps and Starship explosions The year of 2025 was dizzying for Elon Musk. The tech titan began the year holding court with Donald Trump in Washington DC. As the…
Google plans to put datacentres in space to meet demand for AI
US technology company’s engineers want to exploit solar power and the falling cost of rocket launches Google is hatching plans to put artificial intelligence datacentres into space, with its first trial equipment sent into orbit in early 2027. Its scientists and engineers believe tightly packed constellations of about 80 solar-powered satellites could be arranged in…
Starships are meant to fly: SpaceX’s rocket finally launches after setbacks
Test flight comes after explosive failures raised doubts over founder Elon Musk’s goals to reach Mars and moon Third time was the charm on Tuesday for the launch of SpaceX’s Starship megarocket after the launch had been scrubbed two times in as many days. The success of this 10th flight proved the spacecraft had overcome…