Cathie Wood’s Ark Invest bought $21 million in Block shares and $2.3 million in SpaceX stock, doubling down on two companies sitting at the intersection of bitcoin and Elon Musk’s business empire. Ark’s Latest Trades Ark Invest, the asset management firm founded by Cathie Wood and known for publishing its daily trading activity, disclosed purchases […]
Bitcoin.com News•Shiraz Jagati7 Aug
Tesla and SpaceX have formally committed $16.8 billion to break ground on Terafab, Elon Musk’s giant AI chip factory, after moving the project’s planned site from Austin to a rural county outside Houston. A Site Change for the Largest Building on Earth Musk first unveiled Terafab in March at Austin’s Seaholm Historic Power Plant, pitching […]
Bitcoin.com News•Shiraz Jagati7 Aug
Elon Musk says his Terafab chip factory will become Earth's most valuable building, spanning 9 million square meters.
BeInCrypto•Phil Haunhorst7 Aug
SpaceX stock recovers 4% as Eric Trump defends Elon Musk against Bloomberg while 911 million shares unlock.
BeInCrypto•Lockridge Okoth6 Aug
A leading space company's stock fell nearly 13% after its first public earnings report, cutting its top stakeholder's net worth by $87 billion in one day. Heavy capital spending on AI infrastructure drew investor scrutiny despite strong revenue growth.
The Daily Hodl•Daily Hodl Agent6 Aug
SpaceX (SPCX) stock closed down about 14% on Wednesday, while Nvidia (NVDA) rose and Advanced Micro Devices (AMD) fell. All three moves traced back to one word Elon Musk used on SpaceX’s first earnings call. That word was “exclusively.” Musk said SpaceX would build its artificial intelligence (AI) systems only on Nvidia chips from now
BeInCrypto•Ananda Banerjee6 Aug
SpaceX now expects $1 trillion in revenue by 2030, a year early, even as its stock fell on rising AI capex.
BeInCrypto•Darryn Pollock5 Aug
Polymarket traders assign just an 18% probability that Tesla and SpaceX will officially announce a merger before the end of 2026, despite months of speculation about the two companies. The odds reveal deep skepticism, even as operational overlap among Elon Musk’s flagship firms continues to grow. What the Prediction Markets Actually Show A prediction market
BeInCrypto•Luis Blanco5 Aug
Nikita Bier steps back as X product chief. His 30-product claim meets falling downloads and user data.
BeInCrypto•Lockridge Okoth5 AugSpaceX is spending gobs of money to refashion itself as an AI company
SpaceX's Nvidia commitment highlights AI's growing influence on tech markets, impacting GPU supply chains and decentralized compute networks.
CryptoBriefing•Editorial Team5 Aug
Grok AI predicts a Bitcoin bottom is in, with potential prices reaching $120,000 to $150,000 by the end of 2026.
Musk blasts OpenAI as the Apple OpenAI lawsuit seeks an injunction and forensic oversight over trade secret theft claims.
BeInCrypto•Phil Haunhorst5 Aug
Elon Musk’s SpaceX beat Wall Street revenue estimates in its first earnings report since June’s initial public offering (IPO), but the value of its 18,712 BTC treasury dropped $540 million in six months. Revenue Beats, Losses Narrow SpaceX delivered its first earnings report as a public company on Tuesday, and the headline numbers cleared Wall […]
Bitcoin.com News•Shiraz Jagati5 Aug
SpaceX's exclusive use of NVIDIA tech could bolster NVIDIA's market dominance and influence AI infrastructure trends significantly.
CryptoBriefing•Estefano Gomez4 Aug
The ELOL ETF's launch on NASDAQ highlights increased retail access to high-risk, high-reward investments in Musk's ventures, impacting market dynamics.
CryptoBriefing•Editorial Team4 Aug
Tesla's shift to AI and robotics signals a strategic pivot, potentially reshaping its market identity and financial stability amid new competition.
CryptoBriefing•Editorial Team4 AugSpaceX stock closed near $115 before a $104 billion share unlock. Elon Musk agreed the dip is an opportunity.
BeInCrypto•Lockridge Okoth3 Aug
Elon Musk's AI prediction likens the technology's rise to a supersonic tsunami, tying the claim to real 2026 model gains.
BeInCrypto•Phil Haunhorst3 Aug
Musk's ambitious pay plan could reshape Tesla's innovation trajectory, impacting market dynamics and reinforcing his crypto influence.
CryptoBriefing•Editorial Team3 Aug