SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors

With xAI comes the Grok large language model and X, formerly known as Twitter. And to entice developers, the company struck a deal with AI coding upstart Cursor, with an option to buy the business for $60 billion in stock. Then there's the Terafab semiconductor fab and computing mega project that it's jointly developing with Tesla.

SpaceX plans $55B Texas chip plant with Intel partnership

Elon Musk’s SpaceX, with Tesla and xAI, has filed plans for a $55 billion semiconductor manufacturing complex in Grimes County, Texas, potentially expanding to $119 billion. The Terafab project, with Intel as a strategic partner, aims to secure ...

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Google, Nvidia eye Intel as backup chipmaker, report says

The Information’s report also follows comments by Tesla CEO Elon Musk in April that the electric vehicle maker plans to use Intel’s next-generation 14A manufacturing process to make chips at its Terafab project, an advanced AI chip complex Musk has envisioned in Austin, Texas.

Tesla and SpaceX merger officially announced by...? Predi... 2026 | Polymarket

The companies already share deep operational ties, including SpaceX’s $697 million in Tesla Megapack purchases and joint planning for the Terafab semiconductor facility to support AI infrastructure. With SpaceX’s anticipated June 2026 listing expected to value it near $1.75 trillion, analysts such as Wedbush’s Dan Ives see 80%+ odds of a post-IPO merger in 2027 driven by AI synergies and Musk’s control.

Alphabet taps Intel to make three million in-house chips, The Information reports

The news is "evidence ​that AI's biggest players are racing to diversify ‌a supply chain still heavily concentrated in TSMC," said Jacob Bourne, technology analyst at eMarketer. Since Tan took charge, Intel has secured billions of dollars of investments from the Trump administration, Nvidia and SoftBank. It also landed Tesla as the first major customer for its next-generation 14A manufacturing process to make chips for Elon Musk's Terafab project, an advanced AI chip complex