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DARK SECRETS: Xai - The Real Truth

Why IPO valuations, SpaceX’s included, may not conclusively capture the current state of AI play

The AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies are seeking public funds to cover their significant expenses. Valuations are soaring, leading to questions about the AI bubble. Investors are being urged to be cautious as these tech giants aim to reshape…

The Economic Times

The Gulf states are betting big on AI: who’s investing where?

Gulf states are now frontrunners in the AI race but competition will only intensify.

Fortune

Starmer Blasts Elon Musk for 'Whipping Up Division' After Dying Teen Handcuffed and MP Targeted by Grok Rape AI

Keir Starmer has accused Elon Musk of 'interfering in our politics' over his posts about the killing of Henry Nowak, while backing a Labour MP's legal fight against Musk's Grok AI over alleged 'rape porn' images.

International Business Times UK

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JPMorgan Just Dramatically Reversed Course on Tesla Because TSLA Stock Has Massive Physical AI Potential

A long-time Tesla bear just changed its tune, and the reason has almost nothing to do with cars.

Barchart

Maye Musk Praises Elon's Extraordinary Talent as a Kid: 'I Called You My Encyclopedia'

Maye Musk praised her son Elon's recall in a viral X post, calling the billionaire her childhood 'encyclopedia' as his fortune nears £662bn ($834bn).

International Business Times UK

Elon Musk Net Worth: From $788,800,000,000 today to a possible $1,000,000,000,000 after SpaceX IPO— How much would each of his 14 children get?

Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some projections tied to a potential SpaceX IPO suggest his wealth could eventually exceed $1 trillion if market valuations remain strong. It would represent the first time in modern…

The Economic Times

Anthropic and Google Are Paying SpaceX $2.17 Billion Every Month — That's $26 Billion a Year

SpaceX has secured a $920 million monthly deal with Google for data-centre capacity, adding to its agreement with Anthropic in May, significantly boosting its revenue stream ahead of its record IPO.

International Business Times UK

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SpaceX IPO gets Cryptocurrency touch. Here's how

SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it ‌is seeking to raise, said two people familiar with the matter on Friday.

The Economic Times

Left in the Dust: How Elon Musk's New Fortune Will Eclipse Bezos, Ellison, Page and Brin Combined

Elon Musk is expected to become the world's first trillionaire if SpaceX floats at its predicted valuation, putting his paper wealth above the economies of most countries.

International Business Times UK

Google rents SpaceX/AI supercomputers for $920M a month, ahead of IPO

Google has signed a $30 billion deal to lease computing power from SpaceX, paying $920 million per month through June 2029. The move came after SpaceX acquired xAI in February 2026, gaining massive data centres. The deal precedes SpaceX’s highly anticipated IPO next week.

Euronews

Anthropic urges AI pause, sees risk of losing control

Anthropic says artificial intelligence could soon improve without human intervention and wants to co-ordinate a way to pause development of advanced AI systems.

AAP

$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

Space

SpaceX AI Revenue Could Hit $322 Billion by 2030 as Goldman Sachs Bets Big

Goldman Sachs predicts SpaceX's AI earnings will skyrocket, driving a $1.78 trillion valuation, as the company prepares for a historic public listing.

International Business Times UK

New claimants seek to sue Elon Musk’s xAI after Labour MP’s test case

Jess Asato’s lawyer says others want to take action over demeaning sexualised material created by Grok AI tool

The Guardian - UK

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The Guardian - UK

SpaceX will get off the ground – but a descent from a silly valuation must follow

Investors will buy into the market-leading tech and cult of Musk despite a price that is defying gravity

The Economic Times

UK lawmaker Jess Asato says she is suing Elon Musk's company over fake Grok bikini images

A British lawmaker said she is suing Elon Musk's company xAI. Jess Asato alleges the Grok chatbot created fake images of her without consent. She filed a lawsuit in London seeking damages. Asato wants to hold AI companies accountable for harm caused by their systems. She hopes this action sets…

Evening Standard

Starmer ‘100% behind’ MP suing Elon Musk’s xAI over Grok images

Jess Asato has filed a High Court claim seeking accountability over design choices that allowed the AI tool to create fake images of her.

The Independent UK

UK lawmaker says she is suing Elon Musk's company over fake Grok bikini images

A British lawmaker is suing Elon Musk’s company xAI for invasion of privacy

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The Times of India

Labour MP Jess Asato sues Elon Musk's xAI over deepfake bikini images in landmark UK AI lawsuit

British Labour MP Jess Asato is suing Elon Musk's xAI, alleging its Grok chatbot generated fake sexualised images of her. The High Court case could set a precedent for AI developer accountability, focusing on system design rather than solely user actions. This legal challenge arrives as governments worldwide grapple with…

The Independent UK

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations

France 24

SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.

Fortune

SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation

The SpaceX filing starts the timer on a hot IPO summer complete with two other highly anticipated IPOs: Anthropic and OpenAI.

The Economic Times

Affluent Trump officials may get richer with SpaceX IPO, among them-Steve Witkoff

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at…

The Guardian - UK

Labour MP sues Elon Musk’s xAI company over fake sexualised images

Jess Asato was portrayed wearing a bikini in Grok-generated images after she criticised creation of such non-consensual pictures

Barchart

SpaceX Aims To Be the Largest IPO Ever — But It Just Posted a $4.28 Billion Quarterly Loss

For many investors, the math isn't mathing on the SpaceX IPO. Here's what to know.

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