musk

Bloomberg senior ETF analyst Eric Balchunas stated that Musk is likely to use SPCX as the stock code for the SpaceX IPO, which was previously held by Matt Tuttle, but the related ETF has undergone a code change.Eric Balchunas pointed out that the Bloomberg ETF team had predicted this situation as early as a report last December, and the discovery of the stock code "SPCX" for the SpaceX IPO was proposed by Roundhill Investments co-founder Will Hershey, who had previously "given" the META code to Mark Zuckerberg, referring to it as a "mutual understanding among peers."

According to Jinshi Data, Elon Musk and the U.S. Securities and Exchange Commission (SEC) informed the judge that both sides are heading towards a trial to resolve the regulatory agency's allegations that Musk deceived investors of the social media platform before acquiring Twitter in 2022.As the joint case progress report was submitted to the Washington federal court on Wednesday local time, it was only two weeks since both parties' lawyers indicated they were negotiating a settlement. The lawyers stated in the new document that they and their clients have discussed alternative dispute resolution options.The document states: "Both parties believe that, under the current circumstances, the court's alternative dispute resolution procedures or any other form of alternative dispute resolution would be of no benefit to this case." Musk has recently faced setbacks in other legal cases related to his acquisition of Twitter four years ago.

According to market news, Elon Musk's space exploration company SpaceX has secretly submitted an IPO application.Insiders say the company has submitted an IPO registration draft to the U.S. Securities and Exchange Commission (SEC) and is expected to go public in June, potentially becoming the first of the three major super IPOs, ahead of OpenAI and Anthropic. Insiders revealed that SpaceX may seek a valuation of over $1.75 trillion in the IPO. The company previously acquired Musk's artificial intelligence startup xAI, bringing the combined entity's valuation to $1.25 trillion.Details of the listing, including the number of shares for sale and the price range, are expected to be disclosed in subsequent filings. Reports indicate that SpaceX's fundraising scale for this IPO could reach up to $75 billion, far exceeding the current record holder Saudi Aramco's $29 billion in 2019.Insiders say that banks including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley will serve as the lead underwriters for this IPO.

Musk stated on the X platform that the core of AI development lies in video understanding and generation, and claimed that "photons are the highest bandwidth form of communication," with related technologies becoming important tools for achieving general artificial intelligence. He also pointed out that xAI's image generation tool Grok Imagine has achieved positive gross profit and is not a loss-making project.This statement comes in the context of OpenAI's recent shutdown of the video platform Sora. Public reports indicate that since its launch, Sora has generated approximately $2.1 million in revenue, with an average daily operating loss of about $1 million. Musk did not disclose specific revenue figures for Grok Imagine but previously stated that he would continue to increase investment, believing it has significant strategic value.

According to a report by Fortune magazine, documents leaked from Anthropic show that its next-generation super robot "Claude Mythos" is currently being tested, and the company believes that this robot "poses an unprecedented cybersecurity risk." Musk stated, "This is deeply concerning."

Elon Musk responded to the community on the X platform, stating that Grok Imagine will have a major update next week.It is reported that Grok Imagine is a video generation tool built by xAI around the Grok chatbot.

According to Tech in Asia, Elon Musk's artificial intelligence company xAI has officially launched the paid subscription plan SuperGrok for the Grok chatbot. Free and basic plan users will continue to use Grok 3, but will face stricter limits on query volume and features.The SuperGrok subscription system is divided into three tiers: the entry-level SuperGrok Lite is priced at $10 per month and allows access to Grok 3.5; the standard version SuperGrok is priced at $30 per month, which is higher than OpenAI's ChatGPT Plus and Anthropic's Claude Pro (both around $20 per month); and the SuperGrok Heavy, aimed at heavy users, is priced at $300 per month. In addition, xAI also offers a corporate plan at $30 per seat per month.

ARK Invest's Director of Digital Asset Research, Lorenzo Valente, stated, "The importance of Musk recruiting Benji Taylor to join the X platform as Chief Designer may be underestimated by many. Benji Taylor founded the self-custody crypto wallet Family, which was later acquired by Aave, where he served as CPO, and joined Base in 2024 as Head of Design. If you only consider the basic fintech user experience, then this type of talent may not be suitable for you. It is increasingly likely that wallets, on-chain payments, and eventually DeFi will become part of X's development roadmap."

Elon Musk stated that the planned "increase the exposure weight of creators based on their region" will be paused and further consideration will be given.Previously, X product head Nikita Bier revealed that starting this Thursday (March 26), the X platform will adjust the revenue-sharing incentive mechanism for creators, focusing on increasing the weight of exposure from the creators' regions. This adjustment aims to encourage content that resonates with users in their own country, neighboring countries, and those who speak the same language, while reducing the motivation for creators to specifically optimize traffic for U.S. or Japanese accounts, in order to promote a more diverse content ecosystem on the platform.

Musk held a press conference on the "Terafab" project, stating that this ambitious plan aims to ultimately manufacture proprietary chips for robots, artificial intelligence, and space data centers in Austin, and will be jointly operated by Tesla and SpaceX.Musk indicated that he will first establish an "advanced technology wafer fab" in Austin, which will be equipped with a full set of equipment necessary for manufacturing and testing various chips. Musk stated that although the semiconductor industry is increasing production, its growth rate still cannot meet his expected chip demand. "This pace is far below our expectations," Musk said. "Either we build a 'terawatt factory,' or we have no chips available, and we need these chips, so we are going to build a 'terawatt factory.'" Musk's project aims to support 1 terawatt of computing power annually in the future.

Elon Musk announced on the X platform that SpaceX and Tesla will jointly unveil the TERAFAB project at around 8 PM Central Time (9:00 AM Beijing Time tomorrow) and will livestream it on the X platform.The goal of the project is to achieve over 1 terawatt of computing capacity per year (covering logic chips, storage chips, and packaging), with approximately 80% allocated for space applications and about 20% for ground applications.

Users on the X platform discovered a feature switch named enable_grok_computer in the source code of the Grok web page, speculating that xAI is preparing to launch a computer control intelligent agent "Grok Computer," which is equivalent to the "trial version" of the previously announced Macrohard project. In response, Musk confirmed in a post sharing related content that it is "coming out soon."Macrohard is an AI automation system jointly developed by Tesla and xAI, using Grok as a high-level reasoning engine, paired with an AI agent to process screen images and mouse and keyboard operations in real-time. Previously, reports indicated that data collection work for this project was paused last month.

According to CNN, a jury in California largely supported the claims of Twitter (now rebranded as X) shareholders on Friday, who accused billionaire Musk of making false statements before acquiring the social media company for $44 billion in 2022 and intentionally driving down the company's stock price. However, the jury did not find that Musk was involved in an overall scheme to defraud investors.This ruling concludes a civil class action lawsuit. The lawsuit was filed by a group of Twitter shareholders in October 2022—just weeks before Musk officially took over the company. During the weeks-long trial, Musk was forced to testify in his defense. Musk initially agreed to acquire Twitter in April 2022 but attempted to back out of the deal in the following months, ultimately completing the acquisition.According to estimates from the plaintiffs' attorneys, the jury's awarded damages are expected to be around $2.5 billion, with the exact amount depending on the final number of people who apply to join the class action. Musk's lawyers stated that Musk plans to appeal the ruling. His law firm, Quinn Emanuel Urquhart & Sullivan, noted that Musk has successfully appealed in other unrelated cases in Texas and Delaware recently.

A federal jury in San Francisco ruled local time that American entrepreneur Elon Musk intentionally lowered the stock price of Twitter (now renamed X) during his acquisition in 2022, "misleading investors," and is responsible for this. However, the jury dismissed the fraud charges against Musk for "conspiring" to mislead investors.The lawsuit was filed before Musk took over Twitter. The jury was asked to determine whether Musk's two tweets posted in May 2022 and his comments in a related podcast constituted "intentional fraud against Twitter shareholders." After nearly four days of deliberation, the nine-member jury ruled that Musk was responsible for "misleading investors" with the two tweets but that his comments in the podcast did not constitute misleading, and he did not intentionally "conspire" to defraud investors.This ruling is a rare defeat for Musk, and his legal team stated they would appeal. Musk announced the acquisition of Twitter for $44 billion in April 2022 and announced the termination of the acquisition agreement on July 8. Twitter sued Musk on July 12, accusing him of refusing to complete the acquisition as agreed, causing significant losses to Twitter.

Musk stated that the X platform will release a major artificial intelligence algorithm update next week and plans to open source it simultaneously.

Musk stated that SpaceX AI and Tesla (TSLA.O) are expected to continue large-scale orders of NVIDIA (NVDA.O) chips.

According to market news, based on a court document from the U.S. Securities and Exchange Commission (SEC), Elon Musk is in settlement negotiations with the SEC regarding his acquisition of Twitter (now renamed X) stock.Reports indicate that SpaceX's bankers hope to resolve this matter before potentially launching the largest IPO in history. According to regulations, investors who purchase 5% or more of a public company's shares must disclose their ownership within 10 days of the purchase. However, Musk disclosed his holdings 21 days after reaching that threshold. He also submitted a "13G" form applicable to passive investors, rather than using the "13D" form intended for activist investors (including those intending to make a takeover bid). Musk's lawyers told the court earlier this month that, at least to some extent, these settlement negotiations were conducted without the involvement of the SEC enforcement attorneys responsible for the case.

According to market news, Elon Musk's social media platform "X" has experienced a downtime.