Coinbase reported a quarterly loss as it expanded into derivatives, stablecoins, and new markets to reduce reliance on spot crypto trading. Coinbase Global, Inc. reported a net loss of $670 million in the fourth quarter of 2025, despite posting record…

"I really want to see a mass driver on the moon that is shooting AI satellites into deep space."

A 1 GW orbital data center would cost roughly $42.4 billion — almost three times its ground-bound equivalent.

According to The New York Times, which reports that it heard the meeting, Musk told employees that xAI needs a lunar manufacturing facility, a factory on the moon that will build AI satellites and fling them into space via a giant catapult.

Elon Musk has merged SpaceX and xAI, creating what might be the blueprint for a new Silicon Valley power structure. With his $800 billion net worth already rivaling historic conglomerate GE’s peak market cap, and Musk being vocal about his view that “tech victory is decided by velocity of innovation,” the question isn’t whether a personal conglomerate can be built, but rather how far Musk himself is […]

There has been growing talk about SpaceX building its own smartphone with Starlink satellite internet. This news created a lot of excitement and curiosity. However, Elon Musk has now officially responded and cleared the confusion.

Musk confirmed on the X platform that SpaceX is not developing a phone. This tweet has put an end to recent speculation.

Earlier reports claimed SpaceX was exploring the idea of making a smartphone with built-in Starlink connectivity. The device was expected to work differently from normal phones, possibly offering direct satellite communication and support for space-related services.

These rumors gained more attention after Musk replied to a post saying a SpaceX phone was “not out of the question.” That comment led many to believe the company was actively working on a device.

Now, Elon Musk has made things clear. He officially confirmed on the X platform that SpaceX is not developing a phone. His statement ends the rumors and speculation around a SpaceX-branded smartphone.

The post Elon Musk breaks silence on SpaceX phone rumors appeared first on Sammy Fans.