Amazon is set to acquire Globalstar for $11.6 billion, enhancing its satellite communications capabilities. The deal is aimed at boosting Amazon's Project Kuiper, enabling direct-to-device services by 2028, and may reshape competition in the market.

SpaceX currently holds 8,285 bitcoins, worth approximately $603 million. Despite losses of nearly $5 billion due to its acquisition of xAI, it has not sold any bitcoins since mid-2024, remaining the fourth-largest holder of corporate bitcoin holdings.

Gate News update: April 12. SpaceX currently holds Bitcoin worth about $603 million. In the same period, the company recorded a nearly $5 billion loss due to integrating xAI. Despite the large loss, SpaceX’s Bitcoin holdings have remained unchanged since mid-2024, with no signs of selling.

Musk confirmed on the X platform that Grok 4.2 has 0.5 trillion parameters. Calculations suggest that Claude Opus has about 5 trillion parameters, and Sonnet has 1 trillion. Although Anthropic has not disclosed the model parameters, these figures come from Musk’s remarks. Meanwhile, SpaceX AI’s Colossus 2 supercomputer is training a model with the largest scale of 10 trillion parameters, which will become a key competitive factor.

SpaceX will face nearly $5 billion in losses in 2025, mainly due to increased investment in AI infrastructure and computing power. While high capital expenditures may weigh on profits in the short term, core businesses such as Starlink continue to grow.

Gate News message: According to Gate’s official announcement, Gate’s stock section has launched pre-IPO SPACEX perpetual contract trading, with USDT settlement. This contract supports 1–10x long and short operations, and the leverage ratio can be selected by the user at the time of placing the order. SpaceX was founded by Elon Musk in 2002 and is the world’s largest commercial aerospace company. This contract is set up based on SpaceX’s current pre-IPO stage, and is intended to provide market-based valuation and price discovery for its stock. The valuation unit is 1 billion; for example, if SpaceX’s company valuation is 800 billion USD, then 1 SPACEX is priced at 800 USD.

SpaceX executive Michael Nicolls said in a memo that xAI’s training performance is poor and clearly behind its competitors. As a result, it decided to reorganize the engineering team, appoint a new leader, and aim to catch up with companies like OpenAI and Google. This move is part of the rebuilding plan pushed by Elon Musk.

Bloomberg analyst Eric Balchunas revealed that Musk may set the stock ticker for the SpaceX IPO as SPCX, a ticker that was previously held by Matt Tuttle. The news was proposed by Will Hershey, founder of Roundhill Investments.

Bloomberg ETF analyst Eric Balchunas revealed that Musk may use SPCX as the stock ticker for the SpaceX IPO; this ticker was previously held by Matt Tuttle. The analysis had already made a prediction as early as December last year, and it was proposed by Will Hershey of Roundhill Investments.

Robinhood announced it is joining the U.S. Department of the Treasury-backed “Trump Account” financial program, acting as a broker and the initial trustee, emphasizing compliance and the safety of funds. The news pushed its stock price up in the short term, but it faces uncertainty in the SpaceX IPO competition. Its future performance will depend on its ability to execute its business.