SpaceX reports its first quarterly results as a public company on August 4, 2026, with shares trading below the $135 IPO price and roughly 40 to 48 percent off their high. Two trading days later the first lockup tranche opens: about 911.5 million shares, worth well over $100 billion, become sellable.
Speaking at the World Economic Forum on January 22, 2026, Elon Musk said electrical power is fundamentally the limiting factor for AI deployment, warning that with US generating capacity growing only 3 to 4 percent a year, the industry could soon produce more chips than it can turn on. Months later, data-center power deals and grid bottlenecks dominate the AI infrastructure conversation.
On August 1, 2026, Elon Musk posted that SpaceX is recruiting engineering and skilled trades talent to build and operate 'the most powerful AI supercomputer clusters on & off Earth', with applications sent to datacenters@spacex.com. The case for orbital data centers is near-continuous solar power in sun-synchronous orbit; the hard part is cooling, since radiators shed only about 600 watts per square meter.
On July 27, 2026, Nvidia announced the Open Secure AI Alliance (OSAA), uniting nearly 40 companies including Microsoft, IBM, Adobe, Cisco, Cloudflare, CrowdStrike, SpaceX and Hugging Face around open-source tools for defending against AI-powered cyberattacks. Contributions include Microsoft's multi-agent vulnerability scanning framework, Hugging Face's Safetensors format, and IBM and Red Hat's signed patching system. The alliance formed days after the Hugging Face breach, and OpenAI, Google and Anthropic are notably absent.
A Bloomberg feature based on interviews with about a dozen people familiar with xAI reports that after SpaceX absorbed the company, dozens of employees left, including most cofounders, and Musk redeployed trusted lieutenants from Starlink and Tesla. Longtime Starlink executive Michael Nicolls became xAI president in April with a mandate to catch up with Anthropic's Claude. Per SpaceX's IPO filing, xAI posted a $2.47 billion operating loss on $818 million of revenue in Q1 2026, with AI capex of $7.7 billion in the quarter; the combined listing targets a valuation around $1.25 trillion.
Taiwan's Economic Daily reported that Foxconn had landed a SpaceX order for about 13,000 racks of Nvidia GB300 AI servers, nearly one million GPUs, which outlets priced at roughly $52 billion based on an estimated $4 million per rack. On July 20, 2026 Elon Musk called the report "fake news" on X. The figure was always an estimate built on an assumed per-rack cost, and no official source ever confirmed the deal.
After Apple sued OpenAI for trade secret theft on July 10, 2026, Elon Musk posted on X on July 12 accusing Sam Altman of stealing Apple's phone technology, adding a jab about a parole officer and an invite to watch SpaceX's AI1 compute satellites fly next year. Altman shot back that Musk is 'selling public market investors on short-term space datacenters.' Behind the memes, OpenAI faces a federal lawsuit over its hardware program.
On July 9, 2026, Elon Musk posted on X that he was 'clearly wrong' about Anthropic: 'They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon.' In February 2026 he had called Claude models 'misanthropic and evil.' Anthropic leases the full capacity of SpaceX's Colossus 1 supercomputer in Memphis, reportedly around $1.25 billion a month through 2029.