Mike Averto; Vincent Vukovic; Alyssa Clarcq

Two days after taking SpaceX public in the largest stock-market debut on record, Elon Musk said the company could be earning roughly $1tn a year by 2030, and probably more in 2031. He made the claim on X over the weekend, as Reuters reported, with the stock still settling after a debut that valued the […]
David Paul Morris/Bloomberg via Getty Images; BI

ByteDance is in talks to buy artificial-intelligence chips from Iluvatar CoreX, a Shanghai-based GPU maker that until recently sold almost entirely to government buyers, according to people familiar with the discussions cited by Reuters. The talks point to how far the owner of TikTok and Douyin is willing to go to lessen its dependence on Nvidia. […]

EV manufacturer XPENG is targeting a 2027 global rollout for its next-generation
George Chan/Getty Images