Silicon Valley’s hottest startups are competing fiercely as big tech firms contend with fickle investors and hard choices.

To fulfill its ambitions, SpaceX must first fight to catch up in the ongoing AI race against well-financed competitors backed by Big Tech. Musk himself described xAI prior to its SpaceX merger as “the smallest of the AI companies” during court hearings for his lawsuit against OpenAI, according to The Wall Street Journal.

Wedbush analyst Dan Ives, one of Wall Street's most vocal AI bulls, says he expects Tesla and SpaceX to merge in 2027, following SpaceX's historic IPO.

SpaceX revealed eye-popping numbers in its IPO prospectus, including a $26.5 trillion potential market for an empire spanning artificial intelligence and telecommunications.

The investment comes as Elon Musk’s AI unit faces complaints about the carbon-emitting units and looks to become a big player in cloud computing.

SpaceX listed the chance that Grok could generate "potential nonconsensual or exploitative imagery" as a risk factor in its pre-IPO paperwork.

Elon Musk's rocket, satellite, and AI company just released its S-1 prospectus, the detailed report required of companies entering the market. SpaceX is reportedly targeting a $2 trillion valuation, which would make it one of the most valuable companies in ...

Slowing growth and a high valuation aren't the only challenges SpaceX will face after its IPO. There is also uncertainty about its business direction and long-term strategy. Investors who think they are betting on a space industrial company may be in for a very rude awakening.

Startup xAI's Grok chatbot has been a flop with one of the world’s largest customers – the U.S. government, according to seven ​federal employees, three contracting experts and a Reuters review of government AI inventory documents.