What Is SpaceX’s $6.3 Billion Computing Deal With Reflection AI
Under the agreement, Reflection AI will gain access to high-performance Nvidia GB300 graphics processing units beginning July 1, 2026.
Under the agreement, Reflection AI will gain access to high-performance Nvidia GB300 graphics processing units beginning July 1, 2026.
As part of the transition, Meta will invest approximately $900 million in Cred at a reported valuation of $4.5 billion.
The fundraising effort follows SpaceX’s blockbuster IPO, which raised nearly $86 billion and significantly boosted its market valuation.
Speaking at Reliance Industries’ annual shareholder meeting, Mukesh Ambani said the listing would showcase India’s ability to build technology companies with global scale and influence.
President Donald Trump announced Thursday that Intel and Apple have reached an agreement to design and manufacture computer chips in the United States
Intel has staged a significant comeback in recent months, with its stock soaring more than 460% over the past year and its market value reaching roughly $609 billion
The surge pushed SpaceX past Amazon in market capitalization on Tuesday and briefly allowed the company to overtake Microsoft
SpaceX’s market capitalization reached approximately $2.94 trillion, edging above Microsoft’s $2.93 trillion valuation
Predictive markets are experiencing a massive paradigm shift. They are rapidly transitioning from a niche internet subculture into a powerhouse financial category
Investors welcomed confirmation from President Donald Trump that an initial agreement had been reached and that the U.S. naval blockade of Iranian ports would be lifted
Investor enthusiasm fueled the remarkable debut, reflecting confidence in the company’s diverse portfolio of businesses that extend far beyond rocket launches.
The S&P 500 rose 0.2%, the Dow Jones Industrial Average gained nearly 200 points, and the Nasdaq Composite slipped slightly.
The rocket maker raised about 75 billion dollars and debuts on the Nasdaq into a suddenly friendlier, risk-on market.
A relief rally swept Wall Street and then Asia after the deal signal, with chipmakers leading the charge.
The year's biggest listing sets its final price after Thursday's close, debuting Friday just as war and inflation roil stocks.
The Dow sheds more than 900 points after a three-year-high inflation print collides with the Gulf escalation.