Elon Musk
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SpaceX Bets $100 Billion on a Louisiana Starbase — With Construction Set for 2027
SpaceX plans to invest $100 billion in a new spaceport in Vermilion Parish, Louisiana, with construction beginning in 2027 and Starship launches targeted for 2029. This ambitious project hinges on the successful development and reusability of the Starship rocket, which has yet to achieve full booster and upper stage recovery on a single flight. The new facility is crucial for scaling SpaceX's Starlink satellite internet business and future AI-focused constellations.
SpaceX to use NVIDIA GPUs for its Starmind project — Here's what they'll face in space
SpaceX plans to utilize NVIDIA GPUs for its Starmind project, aiming to harness solar energy for artificial intelligence applications. The article briefly touches on the challenges these components might face in the space environment.
Starcloud banks another $250M for orbital data centers as launch slots dry up
Starcloud has secured an additional $250 million in funding, bringing its total valuation to $2.3 billion, to accelerate the development of its Starship-launched orbital data centers. CEO Philip Johnston highlighted the critical need to secure launch capacity, particularly with SpaceX's Falcon 9 retiring in 2028 and the Starship program facing timeline uncertainties. The company also received investment from Nvidia, indicating strong interest in Starcloud's unique in-orbit GPU operations.
Hidden in TikTok’s iPhone Build: Code for Sending Money Through DMs
Code found within TikTok's iPhone app suggests the company is developing a feature to send and receive money directly within direct messages. While TikTok has stated nothing is currently being tested, ByteDance has previously launched similar payment services, Douyin Pay and TikTok Pay, in other markets. This move could leverage TikTok's massive user base to expand into financial services.
Nvidia’s Hidden 123 Million SpaceX Shares Are Already $4B Underwater
Nvidia disclosed it holds nearly 123 million shares in SpaceX, acquired through an investment in xAI which was later folded into SpaceX. This stake, initially valued at $21 billion, has seen a paper loss of approximately $4 billion due to a recent decline in SpaceX's stock price. SpaceX's CEO Elon Musk confirmed the company's exclusive reliance on Nvidia for its data center hardware needs.
X ends revenue sharing on September 8, replacing it with Original Content Rewards
X is replacing its revenue-sharing model with an Original Content Rewards program starting September 8th. To be eligible, creators need 500,000 impressions from verified users on their posts in the Home Timeline over the past 90 days, along with at least 500 verified followers. The new system aims to reward original content and penalize those who exploit the previous system.
ByteDance’s Next Model Could Be China’s Biggest — Reportedly 10 Trillion Parameters
ByteDance is reportedly developing an artificial intelligence model with up to 10 trillion parameters, which would be the largest in China. This model is in pretraining and aims for world-leading capabilities, potentially rivaling systems from Anthropic and xAI. The company is focusing on advanced training techniques without relying on distillation from rival models.
Telegram keeps getting yanked from the App Store. X never does — here’s why
Apple's App Store moderation policies appear to be applied inconsistently, with Telegram being removed for child sexual abuse material while X faced no delisting for similar deepfake content generated by its AI chatbot, Grok. This disparity is attributed to X's stronger political support in the US and a more direct engagement from Apple with its developers, including Elon Musk, compared to Telegram.
Starlink Dishes as Cell Towers: SpaceX Sets Its Sights on T-Mobile, AT&T and Verizon Subscribers
SpaceX is planning to build its own terrestrial mobile network to compete directly with T-Mobile, AT&T, and Verizon. The company intends to leverage Starlink dishes equipped with cellular base stations to offer a service that CEO Elon Musk and President Gwynne Shotwell believe will be superior to current offerings. This move represents a significant shift from their current direct-to-device service, which acts as an add-on to existing carrier networks.
Evening Reading - August 4, 2026
This edition of Evening Reading covers various gaming news, including earnings reports from companies like Snapchat, SpaceX, and AMD. It also touches on updates for games such as Dead by Daylight, Marvel Rivals, and Destiny, alongside mentions of indie titles like Ugoku Sushi Bar and the Fire Emblem franchise. The article also highlights industry figures and business developments.
SpaceX's (SPCX) Starlink could one day provide the majority of the world's internet, says Elon Musk
Elon Musk, during SpaceX's Q2 2026 earnings call, predicted that Starlink could become the world's primary internet provider within the next 10 years. He clarified this projection applies to countries where SpaceX is permitted to operate, noting its current unavailability in major nations like China and Russia. The earnings report indicated that SpaceX beat revenue expectations and had a smaller-than-expected EPS loss.
Listen to the SpaceX (SPCX) Q2 2026 earnings call here
SpaceX is holding its first-ever earnings call for its Q2 2026 financial results on August 4th. The webcast will be available on the SpaceX financial website, with CEO Elon Musk potentially speaking. This event is significant for investors and observers of the company.
OpenAI calls out Apple's 'careless, aggressive and oddly personal lawsuit' in latest blog post
OpenAI has publicly responded to Apple's lawsuit, calling it "careless, aggressive and oddly personal" and arguing it is based on false information. OpenAI claims Apple lawyers mixed up names and incorrectly stated they spoke with OpenAI's General Counsel. The company also defended former Apple employees Chang Liu and Tang Tan, who are now working for OpenAI, stating they have not used any confidential information from Apple.
Evening Legal Briefs
Elon Musk's company xAI is reportedly attempting to sue its way out of a situation where advertising on X is not legally mandated. The article notes that Musk had previously sought jail time for companies boycotting advertising on X, but the case has concluded without significant legal repercussions.
Elon Musk Predicts Money Becomes Obsolete Within a Decade — Economists Push Back
Elon Musk predicts that money will become largely obsolete within a decade due to advancements in artificial intelligence and robotics leading to widespread abundance. However, economists largely disagree, pointing out that constraints like natural resources, energy, land, and wealth distribution are not solved by increased productivity alone. They view Musk's forecast as a distant possibility rather than an inevitable outcome, noting that his companies' valuations are tied to this narrative.
Three numbers from Tesla’s earnings call quietly puncture the robotaxi growth story
Despite Tesla's claims of rapid robotaxi expansion, recent earnings call data suggests a plateauing of miles driven and a potential contraction of the fleet. While CEO Elon Musk and AI lead Ashok Elluswamy highlighted progress and Tesla's camera-only approach, comparisons to Waymo's extensive mileage and evolving state regulations, particularly in New Jersey regarding sensor requirements, cast doubt on the robotaxi narrative. Key indicators to watch are the growth of Tesla's driverless fleet and the adoption of stricter sensor regulations by other states.
As several AI versions of The Odyssey emerge, Christopher Nolan says the technology has to be viewed with skepticism
Filmmaker Christopher Nolan expressed skepticism towards the rapid advancement and public reception of Artificial Intelligence, likening it to a 'Trojan horse.' He noted that while technology offers gifts, its motives and implementation must be viewed with caution, a sentiment he sees echoed by younger generations. Nolan's comments come as AI versions of 'The Odyssey' are being developed, while his own film of the same name performs well at the box office.
SpaceX (SPCX) & Anthropic investments added $98 billion to Google (GOOGL) Q2 2026 income
Google reported a significant increase in its Q2 2026 income, with "other income" reflecting a net gain of $98 billion. This substantial figure is primarily attributed to unrealized gains from major investments in SpaceX and Anthropic, the creator of the AI model Claude. This marks a dramatic increase from the previous year's "other investments" figure.
Tesla (TSLA) Q2 2026 earnings results and conference call transcript
Tesla reported its Q2 2026 earnings, with total quarterly revenue increasing 26% year-over-year to $28.2 billion, though operating income decreased 57% year-over-year to $0.4 billion. The company highlighted record vehicle deliveries, the launch of Robotaxi in three Florida cities, and the start of Cybercab production. Elon Musk discussed significant investments in AI, robotics, and manufacturing, including the Optimus robot and solar production.
Tesla (TSLA) Q2 2026 earnings results beat revenue expectations, miss EPS estimates
Tesla's Q2 2026 earnings report revealed $28.236 billion in revenue, exceeding expectations, but earnings per share (EPS) fell short at $0.33/share against estimates of $0.53/share. The company's stock experienced a decline in after-hours trading following the announcement. Elon Musk is expected to discuss the results during the company's earnings call.
