Report: SpaceX showed investors an AI device before IPO; Musk denies it
Space Exploration Technologies Corp. showed investors and other stakeholders an early prototype of a handheld artificial intelligence device ahead of its planned initial public offering, the Wall Street Journal reported, a claim Chief Executive Elon Musk quickly rejected as "utterly false. " The device is designed as a consumer product slimmer than an iPhone, with a [...
Key Takeaways
- SiliconANGLE UPDATED 19:03 EDT / JULY 01 2026 AI Report: SpaceX showed investors an AI device before IPO; Musk denies it by Duncan Riley Space Exploration Technologies Corp.
" The device is designed as a consumer product slimmer than an iPhone, with a sleek casing and a proprietary operating system built around xAI technology, according to the report, which cited people familiar with the matter.
- SpaceX absorbed xAI, maker of the Grok large language model, in an all-stock deal early this year and has since moved to fold the AI unit fully into its own operations.
A branded device would extend that in-house stack from silicon and models through to consumer hardware and fit Musk's long-stated ambition to build an "everything app" that loosens the grip Apple Inc.
- Turning an AI device into a viable product has proved difficult for those who have tried.
The Rabbit R1 , a cheaper handheld pitched on a "Large Action Model" that could operate apps on a user's behalf, also struggled to find a market.
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Stats & Key Facts
- #SiliconANGLE UPDATED 19:03 EDT / JULY 01 2026 AI Report: SpaceX showed investors an AI device before IPO; Musk denies it by Duncan Riley Space Exploration Technologies Corp.
- #Musk raised the idea himself back in November 2022 .
- #The company went public on the Nasdaq stock market in June in the largest initial public offering on record, raising about $75 billion at a valuation near $1.
- #Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals.
SiliconANGLE UPDATED 19:03 EDT / JULY 01 2026 AI Report: SpaceX showed investors an AI device before IPO; Musk denies it by Duncan Riley Space Exploration Technologies Corp. showed investors and other stakeholders an early prototype of a handheld artificial intelligence device ahead of its planned initial public offering, the Wall Street Journal reported , a claim Chief Executive Elon Musk quickly rejected as "utterly false. " The device is designed as a consumer product slimmer than an iPhone, with a sleek casing and a proprietary operating system built around xAI technology, according to the report, which cited people familiar with the matter.
's Snapdragon silicon would sit inside the casing. SpaceX reportedly told investors the project remains at an early stage, that the design could still change and there is no guarantee the device will ever reach the market. Musk denied the account in a post on X on Wednesday, writing, "Utterly false" without offering further detail.
If accurate, the prototype would mark SpaceX's furthest push yet beyond rockets and satellite internet. SpaceX absorbed xAI, maker of the Grok large language model, in an all-stock deal early this year and has since moved to fold the AI unit fully into its own operations. A branded device would extend that in-house stack from silicon and models through to consumer hardware and fit Musk's long-stated ambition to build an "everything app" that loosens the grip Apple Inc.
For more details please read the original article at SiliconANGLE AI.
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