{"id":1016583,"date":"2026-06-24T08:36:20","date_gmt":"2026-06-24T03:06:20","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1016583"},"modified":"2026-06-24T08:45:35","modified_gmt":"2026-06-24T03:15:35","slug":"spacex-lands-6-billion-deal-with-open-source-ai-lab-despite-losing-600-billion-in-three-days","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/24\/spacex-lands-6-billion-deal-with-open-source-ai-lab-despite-losing-600-billion-in-three-days\/","title":{"rendered":"SpaceX lands $6 billion deal with open-source AI lab despite losing $600 billion in three days"},"content":{"rendered":"<p>Elon Musk\u2019s SpaceX has secured a multibillion-dollar artificial intelligence deal, but the win comes at a time when the company is facing intense market pressure. Over the past three trading days alone, SpaceX has lost nearly $600 billion in market value, while its total decline from recent highs is approaching the $1 trillion mark as investors continue to dump the stock. <\/p>\n<p>The company has signed an agreement with Reflection AI, an open-source AI startup, giving it access to some of the world\u2019s most powerful AI chips housed inside SpaceX\u2019s giant data center in Memphis, Tennessee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk\u2019s SpaceX has secured a multibillion-dollar artificial intelligence deal, but the win comes at a time when the company is facing intense market pressure. Over the past three trading days alone, SpaceX has lost nearly $600 billion in market value, while its total decline from recent highs is approaching the $1 trillion mark as investors continue to dump the stock. The company has signed an agreement with Reflection AI, an open-source AI startup, giving it access to some of the world\u2019s most powerful AI chips housed inside SpaceX\u2019s giant data center in Memphis, Tennessee.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1016583","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1016583"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016583\/revisions"}],"predecessor-version":[{"id":1016609,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1016583\/revisions\/1016609"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1016583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1016583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1016583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}