Elon Musk

Intel joins Elon Musk's Terafab project as foundry partner —$25B AI chip manufacturing initiative bringing together SpaceX, Tesla, and xAI. Vertical integration strategy aims to reduce dependency on NVIDIA and TSMC.

SpaceX working with 21 banks on blockbuster IPO codenamed Project Apex; Morgan Stanley, Goldman Sachs, JPMorgan, BofA, Citigroup leading syndicate; targeting $50B+ raise at $2T+ valuation, potentially largest ever market debut; Elon Musk requiring banks to buy Grok AI subscriptions to participate.

SpaceX confirms confidential IPO filing on track for June at $1.75T valuation, largest IPO ever. Morgan Stanley, Goldman Sachs, JPMorgan leading 21-bank syndicate. Elon Musk would become first person to lead two trillion-dollar public companies.

SpaceX is lining up at least 21 banks for its blockbuster IPO, assembling one of the largest underwriting syndicates in recent years. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners for the offering, code-named Project Apex internally.

Tesla recruits chip engineers at $330K salaries for its Terafab project, targeting computing power 50x current global AI capacity —an ambition even TSMC hasn't achieved.