Musk Denies WSJ Report of SpaceX Handheld AI Device, Stock Drops
Elon Musk publicly denied a Wall Street Journal report claiming SpaceX developed a prototype handheld AI device using xAI technology and Qualcomm chips, calling it "utterly false." The denial caused SpaceX stock (SPCX) to fall about 7%, extending its post-IPO decline. The WSJ report lacked supporting evidence, and SpaceX remained silent. Analysts expressed skepticism about SpaceX entering consumer electronics, while speculation continues about SpaceX’s satellite-to-phone ambitions and potential partnerships.
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Elon Musk Denies Report of SpaceX AI Handheld Device as 'Utterly False'
Elon Musk, CEO of SpaceX, has publicly denied a Wall Street Journal report claiming the company is developing a handheld AI device to rival Apple's iPhone. Musk called the report 'utterly false' on X, and the original post was later deleted. The WSJ report alleged SpaceX had shown investors a slimmer iPhone-like prototype running on its proprietary system with AI from xAI and chips from Qualcomm, though still in prototype phase. This follows Musk's earlier comments that a Starlink phone was 'not out of the question' but later clarified SpaceX is not developing a smartphone. Analysts at TD Cowen suggested SpaceX might acquire T-Mobile to expand wireless ambitions, while Vital Knowledge analysts expressed skepticism about SpaceX becoming a force in consumer electronics, citing hurdles in scaling manufacturing and competing with established platforms.
Yahoo FinanceElon Musk Denies Report of SpaceX AI Handheld Device as 'Utterly False'
Elon Musk, CEO of SpaceX, has publicly refuted a Wall Street Journal report claiming the company is developing a handheld AI device to rival Apple's iPhone. Musk called the report 'utterly false' on X, and the original post was later deleted. The WSJ article alleged SpaceX had shown investors a slimmer iPhone-like prototype running on SpaceX's proprietary system and xAI technology, with Qualcomm chips, though still in prototype phase. This follows Musk's earlier comments about a potential Starlink phone and SpaceX President Gwynne Shotwell's mention of a Starlink retail product. Analysts at TD Cowen suggested SpaceX might acquire T-Mobile to expand wireless ambitions, while Vital Knowledge analysts expressed skepticism about SpaceX becoming a force in consumer electronics, citing hurdles in scaling manufacturing and competing with established platforms.
Yahoo FinanceElon Musk Denies WSJ Report Claiming SpaceX Developing Handheld AI Device
Elon Musk categorically denied on X that SpaceX is developing a handheld AI device, calling the Wall Street Journal report 'utterly false.' The WSJ had reported that SpaceX demonstrated an early prototype to investors ahead of an IPO, featuring xAI's AI technologies, a proprietary OS, and being thinner than an iPhone on a Qualcomm Snapdragon chip. Musk's denial follows a pattern where he previously denied Tesla's canceled Model 2 plans, which later appeared confirmed. While technical feasibility exists for Starlink-5G hybrid phones, Musk's statement contradicts earlier Reuters reports and his own hints about an AI-centric 'Starlink phone.' The article notes the challenges of entering a competitive market dominated by Apple, Google, and Samsung, especially with an IPO approaching.
Latest from Tom's HardwareMusk Denies Report SpaceX Is Developing Handheld AI Device
Elon Musk called a Wall Street Journal report 'utterly false' that claimed SpaceX showed investors a prototype of a handheld AI device similar to an iPhone but slimmer. The device was said to use xAI technology (absorbed in February) and Qualcomm chips, but remain in early prototyping. Musk has repeatedly denied SpaceX is developing a phone. Meanwhile, speculation continues as SpaceX plans to expand into terrestrial mobile phone services, including potential partnerships with Charter Communications and existing T-Mobile satellite-to-cell service. Following the report, SpaceX's stock fell 7.3%, dropping Musk's net worth by over $50 billion and ending his trillionaire status. Analysts at Vital Knowledge expressed skepticism about SpaceX's ability to compete in consumer electronics.
Forbes - BusinessElon Musk Sends SpaceX Shares Lower With Two-Word AI Device Denial
Elon Musk denied a Wall Street Journal report that SpaceX built a prototype AI device, calling it 'utterly false.' The denial caused SpaceX stock (SPCX) to fall about 7% to $157.88, extending its post-IPO slide to roughly 30% below its June peak. The WSJ report claimed SpaceX privately showed investors a slim handset-like device running a proprietary OS on a Qualcomm Snapdragon chipset, drawing on technology from Musk's xAI unit. No filing, image, or product demonstration has backed the report, and SpaceX has remained publicly silent. Qualcomm shares edged higher on speculation of a new chip partnership. The muted company response leaves investors waiting for clarification, with analysts flagging a make-or-break support level for SPCX.
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