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SpaceX Flashed an AI Phone to Investors Before Its IPO, Then Musk Called the Report 'Utterly False'
The Wall Street Journal reported that SpaceX showed investors a slim, iPhone-like AI device built on xAI's Grok technology ahead of its record June IPO. Elon Musk denied the report on X as 'utterly false,' and SpaceX's newly listed stock dropped about 7.3%, wiping more than $50 billion off Musk's net worth. The move would pit SpaceX against OpenAI's rival AI-device effort with Jony Ive.
Continue the story on unscarcity.ai:
Network Effects: Why Facebook Won and Why AI Monopolies Loom
When AI Goes Public: Shareholders vs. Abundance
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