Amazon's top cloud computing executive said space-based data centers are "pretty far" from being a reality, even as a number of startups and the company's own founder, Jeff Bezos, have pursued the ide... ...

Elon Musk’s rocket company SpaceX has acquired xAI, the artificial intelligence firm founded by Musk three years ago, in a massive, and unconventional, deal that combines the two privately held firms into a company with an astounding $1.25 trillion reported valuation and plans for a historic IPO this year. Musk, who is the CEO of both companies as well as publicly traded electric vehicle and robotics company Tesla, described the combination as one that will “form the most ambitious, vertically integrate ...

(AP)The aerospace company has held internal talks about the feasibility of a SpaceX–Tesla merger, an idea that some investors are actively encouraging, reported Bloomberg, citing sources. Separately, SpaceX is also evaluating a possible combination with xAI ahead of a potential initial public offering.No final decisions have been made, and the details of any transaction could still change. Any merger involving SpaceX could draw strong interest from infrastructure funds and Middle Eastern sovereign wealth fu ...

(Bloomberg) -- SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time. The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing. The oil major raised $29 billion at the time.  SpaceX’s ...

Why we should train AI in space © Lumen Orbit, Inc., White Paper v1.01, September 2024 Ezra Feilden PhD, Adi Oltean, Philip Johnston Introduction To keep pace with AI development, vast new data centers and many gigawatts of new energy projects to power them will need to be deployed around the world. At the same time, electrical utilities are being hit by a tidal wave of new demand from the electrification of industry, transport, and heating. Electricity demand may triple in the coming years as a result 1 , ...