Elon Musk, the billionaire CEO of SpaceX and Tesla, is exploring a potential merger or tie-up with either electric carmaker Tesla or artificial intelligence firm xAI, as part of an effort to consolidate his vast business empire.
Musk's plans for SpaceX include setting up data centres in space that could perform complex computing tasks, potentially benefiting xAI if the venture goes forward. The company is also looking at using solar energy from its own manufacturing facilities to power these datacentres.
In a move that suggests Tesla is pivoting away from its core electric car business, Musk announced this week that production of the Model X SUV and Model S full-size sedan would be discontinued, with the Fremont factory being converted into a robot production line. The company's earnings report painted a picture of a chaotic year marked by slumping vehicle sales and declining revenue, with future growth pinned to AI and robotics.
Musk is also planning to use SpaceX's Starship rockets to transport Tesla's Optimus robots to the moon and eventually to Mars. This vision for interplanetary travel highlights Musk's ambitious goals for both his companies.
The potential flotation of SpaceX could raise up to $50 billion, making it the largest initial public offering (IPO) in history. As the world's richest person, Musk holds a 42% stake in SpaceX and controls almost 79% of shares with voting rights.
In order to fuel an "insane flight rate" for Starship rocket development and establish a lunar base, Musk is planning on using the funds generated by an IPO. Donald Trump has stated that he wants to see a human settlement on the moon before the end of his second term in office in 2029.
Musk's plans for SpaceX include setting up data centres in space that could perform complex computing tasks, potentially benefiting xAI if the venture goes forward. The company is also looking at using solar energy from its own manufacturing facilities to power these datacentres.
In a move that suggests Tesla is pivoting away from its core electric car business, Musk announced this week that production of the Model X SUV and Model S full-size sedan would be discontinued, with the Fremont factory being converted into a robot production line. The company's earnings report painted a picture of a chaotic year marked by slumping vehicle sales and declining revenue, with future growth pinned to AI and robotics.
Musk is also planning to use SpaceX's Starship rockets to transport Tesla's Optimus robots to the moon and eventually to Mars. This vision for interplanetary travel highlights Musk's ambitious goals for both his companies.
The potential flotation of SpaceX could raise up to $50 billion, making it the largest initial public offering (IPO) in history. As the world's richest person, Musk holds a 42% stake in SpaceX and controls almost 79% of shares with voting rights.
In order to fuel an "insane flight rate" for Starship rocket development and establish a lunar base, Musk is planning on using the funds generated by an IPO. Donald Trump has stated that he wants to see a human settlement on the moon before the end of his second term in office in 2029.
! Like, can you believe Elon Musk is trying to merge with Tesla or xAI? It's like, what's next? 
Anyway, I think it's super interesting that he wants to use SpaceX's data centres in space to power these companies. It's like, who needs Earth's energy when we have SPACE ENERGY 
! And the fact that Tesla is pivoting towards AI and robotics makes total sense - our school's robotics club has been working on some sick projects lately 
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It's wild to think about the possibilities! And I love how Elon Musk is pushing boundaries and making ambitious goals - it's super inspiring 
. Can't wait to see what happens next 
! Having data centres in space would be like, whoa... and using solar energy from Tesla's own factories is genius 
. They're trying to pivot away from electric cars, but I think that's a shame... those things are awesome 
. But hey, maybe the future is all about AI and robots 
! I mean, it sounds like sci-fi, but hey, why not, right? 
. Like, who needs that kind of cash? 
, he's definitely a visionary. The idea that Tesla is pivoting away from electric cars and focusing on AI and robotics makes sense though. It's all about diversifying their portfolio and staying ahead of the curve.
. What do you guys think? Should Elon go for it and make human settlement a reality? 
. I mean, setting up data centers in space and using solar energy to power them is just crazy talk. And on top of that, he wants to use Starship rockets to transport robots to the moon and Mars? It's like science fiction come to life 
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. I think Elon Musk's plans for SpaceX and Tesla are super ambitious, but also kinda scary? Like, what if something goes wrong with the space data centres or the robots on Mars? We need to make sure he's not playing with fire here... 
. But with Optimus robots taking over manufacturing and stuff... I'm not sure if that's going to make things more efficient or just lead to more jobs being replaced by machines 
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. Setting up data centres in space? That's like something out of sci-fi! 
It's mind-blowing to think that Donald Trump wants to see a human settlement on the moon by 2029 – I hope he makes it happen! 