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OpenAI Tops SpaceX as World’s Most Valuable Private Company With $500 Billion Valuation

by admin October 3, 2025



In brief

  • OpenAI’s $6.6 billion employee share sale valued the firm at $500 billion.
  • The Sale makes OpenAI the world’s most valuable private company, topping SpaceX.
  • Secondary deal aids staff retention amid Meta’s nine-figure pay offers.

OpenAI has overtaken SpaceX to become the world’s most valuable private company after a $6.6 billion employee share sale at a $500 billion valuation—the milestone underscoring the investor frenzy fueling the artificial-intelligence boom.

According to a Bloomberg report, the secondary sale lets current and former staff who had held shares for at least two years sell stock to a handful of companies, including Thrive Capital, SoftBank Group, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price.

The deal marks OpenAI’s second major tender offer in under a year, following a $1.5 billion SoftBank transaction last November. In January, the Japanese conglomerate was reportedly in talks to earmark up to $25 billion for OpenAI.



SoftBank’s U.S.-traded shares (SFTBY) rose 1.7% to $66.04 on Thursday after news of the OpenAI share sale, reflecting investor enthusiasm for its AI-linked deals.

The $500 billion figure reflects a steep rise for OpenAI from earlier in the year, when the ChatGPT developer was valued at $300 billion following a $40 billion funding round led by Softbank in March. With this latest move, the company now sits ahead of SpaceX—whose own valuation is estimated near $400 billion—putting OpenAI at the top of the private company universe.

Despite scrutiny around the rollout of GPT-5, investor confidence remains undimmed. In September, OpenAI and Nvidia unveiled a strategic infrastructure partnership: OpenAI plans to deploy at least 10 gigawatts of Nvidia systems, and Nvidia will invest up to $100 billion progressively as each gigawatt is deployed. Jensen Huang described it as part of “bringing AI infrastructure from the labs into the world.”

It also coincides with the ongoing Stargate partnership between OpenAI, Softbank, and Oracle to build out America’s AI infrastructure backed by the Trump Administration.

The sale also gives employees liquidity that could help the company fend off nine-figure pay packages from rivals such as Meta, which is aggressively hiring for its new Superintelligence Labs.

The timing also coincides with structural moves at OpenAI. The company lifted its capped-profit limit in May, all the while facing continued legal pressure from Elon Musk. An OpenAI co-founder, Musk has sued the company on multiple occasions. Musk has accused OpenAI of abandoning its original nonprofit mission and allegedly attempting to steal xAI data and trade secrets.

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October 3, 2025 0 comments
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Product Reviews

Everyone Thinks Elon Musk is Going to Build a SpaceX Mobile Network

by admin September 15, 2025


SpaceX’s has been partnering with mobile carriers like T-Mobile to offer its satellite internet service Starlink to extend the reach of cell networks. But, according to a report from the Washington Post, the company has ambitions to be more than just a partner. Following a major purchase of wireless spectrum earlier this week, it appears everyone is expecting Elon Musk’s company to get into the wireless network business for itself.

On Monday, it was reported that SpaceX was finalizing a deal with satellite communications company EchoStar, the parent company of Dish Network, to buy up $17 billion worth of wireless spectrum. All signs suggest that SpaceX is after that spectrum to help build out Starlink’s 5G network, with the rumored goal to move satellite connectivity for phones beyond just emergency services and access in remote locations to a full-blown mobile network.

Musk hasn’t exactly backed away from the rumors. In an appearance on the All-In Podcast, he claimed the newly acquired spectrum would allow the company to deliver “high-bandwidth connectivity” directly from satellites to connected devices, albeit with a two-year lead time to get everything set up. “The net effect is you should be able to watch videos anywhere on your phone,” he said. That’s a big jump from Starlink’s current network offerings, which is currently only used for sending and receiving texts. The company claims it’ll offer voice calls soon. And that two-year timeline? Take it with a grain of salt, given Musk’s longstanding history of overpromising, but it does at least give some clarity as to his company’s end goal.

As for starting up a network to compete with AT&T, T-Mobile, and Verizon, Musk didn’t rule it out when talking to the All-In guys, who are always more than happy to drink the Kool-Aid unprompted. Musk said that purchasing a mobile network provider like Verizon in the future is “not out of the question.” According to The Washington Post’s reporting, Starlink likely doesn’t have the spectrum to compete in urban environments where volume is massive and competitors have the infrastructure advantage when it comes to handling that traffic. So getting into those spaces may require an acquisition rather than building its own network.

If Musk and SpaceX were to go that route, it’s unlikely they would face regulatory hurdles under the current administration. As WaPo pointed out, Brendan Carr, the chairman of the Federal Communications Commission appointed by Donald Trump, called SpaceX’s spectrum purchase a “potential game changer” for mobile networks. You’re probably not going to see an in-depth review of potential antitrust concerns when the top cop on the beat has pom-poms in his hands.



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September 15, 2025 0 comments
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SpaceX Targets an Orbital Starship Flight with a Next-Gen Vehicle in 2026
Gaming Gear

SpaceX Targets an Orbital Starship Flight with a Next-Gen Vehicle in 2026

by admin September 10, 2025


“The metal tiles … didn’t work so well,” he said. “They oxidized extremely nice in the high oxygen environment. So, that nice orange color, kind of like a [space] shuttle external tank color, maybe paying homage to the shuttle program, was created by those three little metal tiles up on top.”

Gerstenmaier has a talent for explaining complex technical concepts in a digestible manner. He began his career as an aerospace engineer working on the space shuttle program at NASA in 1977. He rose through the ranks at NASA to become head of all of the agency’s human spaceflight programs, then joined SpaceX in 2020.

The experiment with metallic tiles is emblematic of the way SpaceX is developing Starship. The company’s engineers move quickly to make changes and integrate new designs into each test flight. Metallic heat shield tiles aren’t a new technology. NASA tested them in labs in the 1970s but never flew them.

“I think we learned a lot by taking them to flight, and we still had enough protection underneath that they didn’t cause a problem,” Gerstenmaier said. “In most of the tiles, there are fairly large gaps, and that’s where we’re seeing the heat get through and get underneath.”

A mastery of Starship’s heat shield is vital for the future of the program. The heat shield must be durable for Starship to be rapidly reusable. Musk eyes reflying Starships within 24 hours.

NASA’s reusable space shuttles used approximately 24,000 delicate ceramic tiles to protect them from the hottest temperatures of reentry, but the materials were delicate and damage-prone, requiring refurbishment and touchups by hand between missions. SpaceX’s Dragon crew capsule has a reusable structure that underlies the heat shield, but the heat shield material itself is only used once.

For Starship, SpaceX needs a heat shield that will stand up to the rigors of spaceflight—intense vibrations during launch, extreme thermal cycles in space, the scorching heat of reentry, and the crush of the launch pad’s catch arms at the end of each mission. Musk has called the ship’s reusable heat shield the “single biggest” engineering challenge for the Starship program.

Continuing his presentation, Gerstenmaier pointed to a patch of white near the top of Starship’s heat shield. This, he said, was caused by heat seeping between gaps in the tiles and eroding the underlying material, a thermal barrier derived from the heat shield on SpaceX’s Dragon spacecraft. Technicians also intentionally removed some tiles near Starship’s nose to test the vehicle’s response.

“It’s essentially a white material that sits on Dragon, and it ablates away, and when it ablates it creates this white residue,” Gerstenmaier said. “So what that’s showing us is that we’re having heat essentially get into that region between the tiles, go underneath the tiles, and this ablative structure is then ablating underneath. So we learned that we need to seal the tiles.”

The primary structure for Starship is made of a special alloy of stainless steel. Most other spacecraft designed for reentry, like the space shuttle and Dragon, are made of aluminum. The steel’s higher melting point makes Starship more forgiving of heat shield damage than the shuttle.



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September 10, 2025 0 comments
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Starship Nails 10th Test Flight, Putting SpaceX Back on Track
Gaming Gear

Starship Nails 10th Test Flight, Putting SpaceX Back on Track

by admin August 27, 2025


Following a string of unsuccessful flights, SpaceX managed to pull off its most successful test in months, with Starship fulfilling a number of key milestones.

It was a good day for SpaceX. The megarocket blasted off on time, leaving the Starbase launch mount at 7:30 p.m. ET. Stage separation went off without a hitch, with the Super Heavy booster landing in the ocean as planned nearly 7 minutes into the mission. Second engine cutoff (SECO) occurred a few minutes later, and Starship began to cruise in space, this time without the awful tumbling experienced in the most recent mission.

History was made at the 18:30 mark, when Starship opened its bay doors and ejected payloads into space for the first time.

A view of the dummy Starlink satellites as they were being dispensed into space. © SpaceX

In this case, the payloads were mock-ups of next-gen Starlink satellites. Acting like a Pez dispenser, Starship popped each dummy satellite into space one at a time and in roughly one-minute intervals (the units will fall back to Earth and burn up in the atmosphere). It marked a huge moment for SpaceX, with Starship finally functioning as a delivery vehicle.

About 38 minutes into the flight, Starship re-lit one of its vacuum-optimized Raptor engines—the second time SpaceX has ever pulled off the maneuver.

A view of Starship during reentry. © SpaceX

Reentry of Starship began at roughly the 45-minute mark, with the spacecraft hurtling towards the Indian Ocean. SpaceX ran a stress test on the vehicle, deliberately compromising its heat shield to be “mean to the spaceship” and putting it “through its paces,” as SpaceX’s Dan Huot said during the broadcast. The fins in particular were pushed to the limit, with one of them showing clear signs of scarring.

The Starship upper stage returned to Earth at 8:37 p.m. ET, ending the 67-minute mission. Despite the abuse, Starship executed its last-moment flip, performing a landing burn and splashing down softly into the Indian Ocean before exploding in a fireball. Incredibly, a camera mounted on a nearby buoy managed to catch the action.

Starship performing a vertical, controlled landing in the Indian Ocean. © Starship

This was the flight that SpaceX desperately needed. We’ll learn more about the test in the coming days and weeks, but the modifications made to the oversized launch system appeared to do the trick. But as we’ve learned, a single successful test is no guarantee of future gain. SpaceX still has a long way to go before this incredible launch system is fully operational.

 



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August 27, 2025 0 comments
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Product Reviews

SpaceX is about to launch Starship for its 10th test flight

by admin August 24, 2025


SpaceX’s massive Starship rocket is scheduled to lift off from the company’s Texas launch site as soon as this evening for its 10th flight. The launch window opens at 7:30PM ET (6:30PM CT). As always, the flight test will be livestreamed on the SpaceX website and on X, with a webcast starting 30 minutes before launch. The weather is looking iffy for launch, though, so don’t be surprised if this one gets postponed; SpaceX said on Saturday that conditions were looking only 45 percent favorable. According to Space.com, the company has backup opportunities on August 25 and 26.

Flight 10 follows a series of failures this year during SpaceX’s seventh, eighth and ninth test flights. And in June, a Starship vehicle exploded on the ground during preparations for a static fire test of its six Raptor engines. If all goes according to plan for Flight 10, Starship will deploy eight dummy Starlink satellites and perform “several experiments focused on enabling Starship’s upper stage to return to the launch site.” It won’t actually be returning to the launch site this time, though. The test is expected to last a little over an hour, and end with a splashdown in the Indian Ocean.



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August 24, 2025 0 comments
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