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SpaceX, Tesla to splash out $16.8B on AI-chip facility in Texas

"Everything's bigger in Texas": Seems like Elon Musk is taking that old saying to heart. The billionaire entrepreneur on Thursday announced that SpaceX and Tesla will spend nearly $17 billion to build a massive AI chip complex in Grimes County, Texas. The planned 100-million-square-foot Terafab plant will employ at least 3,000 people, Musk said, to produce the cutting-edge chips needed to support SpaceX's orbital data centers and Tesla's Optimus robots. That $16.8 billion is just the start, though — Terafab's total cost could ultimately reach as much as $119 billion.

August 6, 2026 3 min read A Adam Hanafi

Elon Musk is making one of his biggest manufacturing bets yet with plans to build a massive artificial intelligence chip complex in Texas. Announced on Thursday, the project will be a joint effort between SpaceX and Tesla and is expected to transform Grimes...

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SpaceX stock rises as 900M insider shares are unlocked

SpaceX stock rose slightly Thursday as lockup expirations made over 900 million shares newly available to trade. Representing some $100 billion in market value, the unlocked shares have doubled the number previously available, as SpaceX employees and early investors enter the market looking to lock in gains. The company's phased, nine-stage lockup structure aims to soften potential selling waves, but adds complexity for investors who are still holding on to SpaceX shares, which now sit below the $135 IPO price and have plunged since June.

August 6, 2026 3 min read A Adam Hanafi

SpaceX shares posted modest gains on Thursday even as one of the largest insider lockup expirations in recent market history officially took effect. More than 900 million previously restricted shares became eligible for trading, dramatically increasing the...

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OpenAI's 'hockey puck-sized' gadget to cost over $300

OpenAI’s eagerly awaited consumer hardware device is expected to feature a doughnut-like design roughly the size of a hockey puck and carry a price tag of more than $300, WebNovare reports, citing anonymous sources. The AI-powered gadget, slated for release in 2027, will function like a smart speaker without a screen, serving as an interactive companion. Designed in collaboration with former Apple design chief Jony Ive, it is expected to be the first of a forthcoming lineup of hardware devices infused with ChatGPT.

August 6, 2026 1 min read A Adam Hanafi

OpenAI’s highly anticipated consumer hardware device is expected to feature a doughnut-like design approximately the size of a hockey puck. According to Bloomberg, citing anonymous sources, the gadget will carry a price tag of more than $300. The AI-powered...

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Tiny Black Holes May Be Exploding Stars Across the Milky Way

Primordial black holes may occasionally pass through white dwarf stars and trigger enormous Type Ia supernova explosions. Researchers found that these events could explain chemical patterns seen in supernova remnants, nearby explosions, and stars across the Milky Way.