Trump Trade: SpaceX in talks to provide Defense Department with AI capacity
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled. AI CAPACITY: SpaceX (SPCX) is in talks to provide the Defense Department with access to data center capacity worth billions of dollars for running AI models, The Wall Street Journal's Anissa Gardizy, Amrith Ramkumar, and Becky Peterson reported. The company and the Pentagon are discussing an arrangement in which SpaceX would provide computing capacity to the department at a cost of up to several billion dollars, people familiar with the matter told the Journal. In recent weeks, SpaceX employees have discussed plans to compete more directly with existing providers such as CoreWeave (CRWV) by offering capacity to AI customers at a lower price, the sources added. DOJ ANTITRUST LAWSUIT: Apple (AAPL) and the Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Apple has made multiple offers this year to the.
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled.
AI CAPACITY: SpaceX (SPCX) is in talks to provide the Defense Department with access to data center capacity worth billions of dollars for running AI models, The Wall Street Journal's Anissa Gardizy, Amrith Ramkumar, and Becky Peterson reported.
The company and the Pentagon are discussing an arrangement in which SpaceX would provide computing capacity to the department at a cost of up to several billion dollars, people familiar with the matter told the Journal.
In recent weeks, SpaceX employees have discussed plans to compete more directly with existing providers such as CoreWeave (CRWV) by offering capacity to AI customers at a lower price, the sources added.
DOJ ANTITRUST LAWSUIT: Apple (AAPL) and the Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Apple has made multiple offers this year to the.