The growth of the U.S. economy is being fueled by the hectic quest to build out massive data centers to run increasingly popular generative AI models like ChatGPT, Claude, Grok, and Gemini. The power-hungry AI data centers are driving up electricity costs in some regions and sparking local "not-in-my-backyard" opposition.

Google's 2015 investment of approximately $900 million in SpaceX, acquiring around 7% equity when the company's valuation was $12 billion, may yield significant returns if SpaceX proceeds with a $1.5 trillion IPO next year.

With SpaceX's valuation projected to reach $1.5 trillion upon its IPO, Google's $900 million investment in 2015 could turn into $111 billion, making it the most profitable deal in history.

Thus, Musk customers will be able to access the internet from Google's infrastructure, while 'Big Tech' will be able to provide a faster and more secure connection in hard-to-reach areas, such as large rural areas. Don't forget that in 2015, Google ...

SpaceX’s IPO is largely supported by Starlink, a satellite internet project that is expanding its customer base and developing a new direct-to-mobile service.

Google announced on Thursday its cloud unit has won a deal to supply computing and networking resources to SpaceX, Elon Musk's privately held space-development company, to help deliver internet service through its Starlink satellites. SpaceX will install ...

Elon Musk's private space exploration company SpaceX has raised $1 billion from investors — including Google. That's a boost for the satellite business of SpaceX, but what does it mean for Google? Jessica Lessin is Editor-in-Chief of The Information, a ...

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion

Earlier in the week Musk appeared to confirm that SpaceX was on track for a 2026 IPO, which would provide capital to accelerate AI data centers in space and value SpaceX at up to $1.5 trillion. That’s roughly as much as Tesla and,