space

Musk stated that he believes SpaceX's revenue will reach $3.5 trillion by around 2033.

According to Bloomberg, the Orange County Employees Retirement System invested $60 million in SpaceX about eight years ago, and now that investment has grown to approximately $2 billion.Although the significant appreciation of the investment has brought considerable returns to the pension fund, it has also resulted in a concentration of assets that is significantly higher than expected. As a result, the fund needs to reassess and adjust its risk management and portfolio strategy to address the long-term management challenges posed by the high proportion of a single high-volatility asset.

On August 27, U.S. tech and space concept stocks rose slightly after hours, with active trading in Nvidia and SpaceX concept tokens. According to data from the Gate platform, Nvidia (NVDA) is currently priced at $209.95, reaching $219.59 after hours, an increase of 4.59%; SpaceX (SPCX) is currently priced at $139.57, reaching $140.52 after hours, an increase of 0.68%.According to Coinglass data, the open interest for Gate NVDAX contracts is $10.44 million, with a trading volume of $25.18 million, both ranking first among centralized exchanges; the open interest for Gate SPCX contracts is $112 million, ranking second, with a trading volume of $135 million, ranking third.

At the 2026 Wyoming Blockchain Conference, Zhao Changpeng stated that Trump mentioned Hyperliquid and that Mike Selig, the chairman of the Commodity Futures Trading Commission (CFTC), will seek a path for the platform to enter the U.S. market.Zhao Changpeng believes that if this progress can be realized, it will be a significant boon for the entire cryptocurrency industry. Zhao stated that the outside world tends to view him as a supporter of centralized trading platforms due to his holdings in Binance, but the fundamental reason he entered the cryptocurrency industry is his belief in decentralization.He pointed out that some users choose Hyperliquid because the platform can be used through wallets without the need for traditional accounts and KYC processes; if Hyperliquid can operate in the U.S. in a compliant manner, it will open up space for perpetual contracts and more decentralized services to enter the U.S. market.He believes this is not only related to Hyperliquid itself. "Hyperliquid is just the tip of the iceberg; once this tip enters, other projects can follow suit." Related developments will benefit more decentralized products and their portfolio companies, and will also bring more liquidity to international centralized trading platforms, allowing U.S. users to obtain more competitive prices when buying and selling crypto assets.Zhao Changpeng stated that the current cryptocurrency market is far from saturated, so competition between platforms is not the main issue. Hyperliquid's entry into the U.S. will not only benefit itself but will also expand the market size of the entire industry, "what is beneficial for them will also be beneficial for us."

SpaceX announced that it will build a new Starship launch site in southern Louisiana, USA.

According to Ibtimes, SpaceX CEO Elon Musk stated that the company is collaborating with NVIDIA to advance the launch of the first satellites equipped with AI computing capabilities to the fourth quarter of 2027, previously targeted for 2028.Musk mentioned that SpaceX and NVIDIA have designed the Vera Rubin NVL72 system optimized for the space environment, which is planned to be launched into orbit in the fourth quarter of 2027 and will achieve large-scale deployment in 2028. SpaceX will also utilize NVIDIA processors to provide orchestration, code execution, and data processing capabilities for the next generation of Agentic AI.Following the announcement, SpaceX's stock price strengthened, rising about 2.9% during trading to $138.92.Meanwhile, SpaceX is re-advancing its small modular nuclear reactor project, mPower. As the power demand for AI data centers rapidly increases, the company is seeking to provide stable, low-carbon, round-the-clock power through solutions such as small modular nuclear reactors.

U.S. President Trump stated that all mines in the Strait of Hormuz have been cleared or detonated. The U.S. has notified Iran that any new mining vessels will be destroyed.The U.S. Space Force is monitoring the strait and nuclear facilities, and a zero-tolerance mining policy has been implemented.

JPMorgan reiterated its "overweight" rating on SpaceX (SPCX.O) and a target price of $240, citing increasing confidence in the prospects of Grok artificial intelligence. The firm highlighted SpaceX's acquisition of Cursor, which reportedly has an annual recurring revenue (ARR) of about $4 billion, with 75% coming from enterprise business.JPMorgan expects that Cursor will enhance SpaceX's enterprise artificial intelligence strategy, model training data, and the performance of Grok.

According to the SpaceX stock unlocking schedule, the first batch of shares for Gate Pre-IPOs project SpaceX (SPCX) will be unlocked on August 26 at 20:00 (UTC+8). The total amount of the first batch to be unlocked is 33,900 SPCX, with 20% of the shares being unlocked based on the actual holdings at the time of the user’s spot account snapshot, and the corresponding shares will be directly credited to the Gate stock account at a 1:1 ratio.Gate is the first platform in the industry to support Pre-IPO share unlocking and directly distribute listed company stocks to users. This unlocking includes SPCX that users previously acquired and held through Pre-IPOs, as well as SPCX purchased subsequently; SPCX that has been sold will not be included in this round of unlocking. Users need to check their SPCX holdings and open orders in advance to ensure that the SPCX used for this unlocking is in an available state.Gate will continue to provide users with an asset participation experience from Pre-IPOs subscription before listing, internal trading, to stock unlocking entering the U.S. stock market. This is the first 20% stock unlocking for SpaceX (SPCX), and the remaining portion will be processed according to the unlocking rules of the target company as soon as possible, subject to the official announcement from Gate.

SpaceX launched another batch of Starlink satellites.

Bitget Research Institute Chief Analyst Ryan Lee stated that driven by multiple favorable factors such as the continuous net inflow of the U.S. spot Bitcoin ETF for five days, large-scale short liquidations, the U.S. Treasury's expansion of long-term bond repurchases leading to a drop in yields and a weakening dollar, as well as signals from the Trump administration indicating a pro-crypto regulatory stance, Bitcoin has broken through the $80,000 mark, reaching a new high in recent months, with market sentiment rapidly shifting from "fear" to "greed."He pointed out that BTC is expected to stabilize above $78,000 in the short term and oscillate around that area, with key support levels in the $74,000--$76,000 range and primary resistance at $83,000. If it breaks through effectively, it may further challenge the $85,000--$90,000 levels.Regarding Ethereum, benefiting from the market's increased risk appetite driven by BTC, simultaneous ETF fund inflows, and a rebound in DeFi activity, Ryan noted that ETH's short-term average price could reach $2,600--$2,800. If it breaks through the $2,650--$2,700 resistance level, it may further push towards the $3,000 mark.At the same time, Ryan also reminded investors that although ETF fund inflows are strong and short-term momentum is sufficient, there are still profit-taking pressures in the market, as well as macro policy uncertainties such as the Jackson Hole meeting and the September interest rate meeting. Traders should be prepared for fluctuations of 10--20% and closely monitor daily ETF flow data and key support levels.

SpaceX's Falcon Heavy rocket has loaded NASA's Roman Space Telescope, scheduled to launch from Florida's Launch Complex 39A on Sunday, August 30.

NVIDIA officially announced that SpaceXAI will deploy the NVIDIA Vera CPU to accelerate its next-generation agent-based AI applications. Vera is the first CPU specifically built for AI agents, featuring 88 NVIDIA self-developed Olympus cores, utilizing spatial multithreading technology and LPDDR5X high-bandwidth memory, with a bandwidth of up to 1.2TB/s. In scenarios such as agent-based AI, reinforcement learning, and data processing, the task completion speed can be improved by up to 1.8 times compared to x86 CPUs.Mike Nicolls, President of SpaceXAI, stated that the CPU performance and memory bandwidth of Vera are sufficient to support large-scale task orchestration, code execution, and data processing, allowing GPUs to operate at peak efficiency, thus gaining more effective output per watt of computation.SpaceXAI also plans to expand the AI infrastructure behind Grok based on the NVIDIA Vera Rubin platform, moving towards gigawatt-level computing capacity. Vera Rubin integrates NVIDIA accelerated computing, NVLink interconnect, Spectrum-X networking, and BlueField data processing technologies, aiming to reduce the cost per token and improve the overall energy efficiency of AI factories.More notably, SpaceXAI will send an optimized version of the Vera Rubin NVL72 system into space, with its first-generation Starmind AI satellite adopting this rack-level architecture, becoming the first iconic deployment of NVIDIA accelerated computing extending from ground data centers to orbital computing.

Blue Cloud Software Technology Solutions Company has signed a master service agreement worth $150 million with SpaceX Malaysia.

"White-haired stock god" Serenity posted on the X platform, stating that after a series of fact sheets released by the U.S. government recently, the future key industries that the U.S. will support and develop can be seen more clearly.Serenity pointed out that this week the U.S. government released policy documents related to the "Golden Age of Space Transportation," with the space industry becoming a key focus area. She believes that the relevant policy goals will promote the development of the launch industry and may benefit companies in the space industry chain, including rocket manufacturers.The U.S. government has set a goal of achieving 1,000 launches and re-entry missions annually by 2030, with rocket companies like Rocket Lab (RKLB) expected to be beneficiaries. In addition, Serenity mentioned that this month the areas of focus for U.S. policy also include: tariffs on drone components; U.S. mining and critical mineral resource cooperation; adjustments to polysilicon supply chain tariffs; and other strategic industry policies. By continuously observing U.S. government policy documents, one can more intuitively judge the industry directions that the capital market will focus on in the future and help investors discover potential industrial opportunities.

According to TechCrunch, the space computing startup Starcloud announced the completion of a new funding round of $250 million, led by Manhattan West Ventures, with participation from institutions such as Nvidia, Cisco, Benchmark, and EQT, among which Nvidia invested approximately $25 million in this round.The new funds will be used to expand satellite manufacturing facilities and advance the research and development of the next-generation orbital data center satellite Starcloud-3. Starcloud revealed that the company has been operating Nvidia H100 data center GPUs in orbit and has completed model training based on this GPU. Currently, most space computing projects use edge computing chips, while Starcloud is collaborating with Nvidia to provide test data for the Vera Rubin Space-1 GPU, which is specifically designed for the space environment. Starcloud's CEO Philip Johnston also previously stated plans to mine Bitcoin in space.

SpaceX is preparing for the 14th flight test of the Starship, which has completed a full-duration 60-second static fire test, with all six Raptor engines participating in the test.

SpaceXAI announced the expansion of the availability of the Grok robot, adding support for SuperGrok Plus, Cursor Pro+, and Cursor Teams packages.

SpaceX has confirmed the deployment of 29 Starlink satellites.

Elon Musk stated that reports about SpaceX seeking to acquire Spectrum at a valuation of $6 billion are false.