Musk denied that SpaceX had shown investors a prototype of a new AI device.
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SpaceX reportedly developing AI handheld device prototype, Musk denies the reports.
PANews reported on July 2nd that, according to a well-known financial media outlet, SpaceX has showcased a prototype handheld AI device to investors. The device is described as thinner than an iPhone, falling somewhere between a small touchscreen phone and AI devices like the Rabbit R1. It runs a proprietary operating system and integrates xAI's artificial intelligence technology, reportedly using a Qualcomm Snapdragon chip. SpaceX emphasized that the project is still in its very early stages, the design may undergo significant changes, and mass production is uncertain. However, Elon Musk quickly responded on the X platform, calling the report "completely untrue." It's worth noting that Musk previously stated that "Starlink phones are not impossible," and that they would be "completely optimized around the most energy-efficient neural networks."
The logic behind a SpaceX-Tesla merger has been reinforced, with the question of "when to merge" becoming a focal point of discussion.
Odaily Odaily that ten years ago, Musk believed SpaceX and Tesla had a "weak connection" and insufficient justification for a merger. Now, market discussions have shifted from "whether they will merge" to "when they will merge," with long-term investors believing a merger is inevitable. While Musk hasn't publicly confirmed it, he frequently mentions the "integration" of his businesses, and SpaceX has hinted in filings about a possible large-scale share issuance, fueling speculation about a deal. Both companies have been transitioning towards AI in recent years: Tesla is betting on self-driving cars and humanoid robots, while SpaceX acquired xAI and plans to deploy a space data center. AI is expected to become SpaceX's largest revenue source starting this year. The business ties between the two companies have clearly strengthened; SpaceX disclosed that it purchases batteries and Cybertrucks from Tesla, and Tesla indirectly holds SpaceX equity through the xAI acquisition. Although Musk denied the merger logic a decade ago, in 2025 he acknowledged synergies among the three companies in the field of solar-powered AI satellites—a key technology he sees as "accessing large amounts of solar energy." (Jinshi)
Former Israeli prime minister publicly admitted to secretly smuggling tens of thousands of SpaceX Starlink devices to Iran in an attempt to overthrow the regime.
According to Mars Finance, on June 24th, Israeli opposition leader and former Prime Minister Naftali Bennett publicly admitted on June 23rd that during his tenure in power from 2021 to 2022, he purchased tens of thousands of SpaceX Starlink satellite receivers and secretly smuggled them into Iran to support anti-government protesters attempting to overthrow the Iranian regime. Bennett stated that the current Netanyahu government has failed to continue advancing this plan. This statement marks the first time an Israeli official has publicly confirmed such actions. Previously, Iran had repeatedly accused Israel and the United States of smuggling satellite equipment into its territory to undermine national security. Starlink has not obtained an operating license in Iran, but Musk had previously stated that services were already available in Iran. The report also revealed a broader picture of Israeli intelligence operations in Iran. Mossad has long used technical means to infiltrate surveillance and traffic cameras within Iran, combining AI technology with satellite imagery to construct intelligence mosaics. In the April 2026 Hezbollah pager bombings, Mossad had pre-planted miniature explosives in thousands of devices, causing casualties among several mid-level commanders. That same month, a large number of US-made core communication devices within Iran were paralyzed, forcing the authorities to frequently implement international network isolation measures. Politically, Israel's next general election will be held no later than October of this year, and Netanyahu's approval rating has fallen from 40.5% in early March to 29.4%. Bennett has stated that if he returns to power, he will strive to overthrow the Iranian regime through economic and industrial sabotage.
UBS: SpaceX has an unparalleled portfolio.
UBS analysts stated that Elon Musk's SpaceX offers a business model that allows it to capitalize on opportunities in space, connectivity, and artificial intelligence. They initiated coverage of the stock with a buy rating and a price target of $210. "We believe Odaily is an unparalleled asset offering multiple upside drivers for risk-tolerant, long-term investors," the UBS analysts said. Expanding its Starship launch vehicle fleet will enable SpaceX to unlock opportunities in space, communications, and AI, with a total potential market approaching $30 trillion. (Jinshi)
Musk: SpaceX AI will release Grok 4.5 tomorrow.
According to Foresight News , Musk announced that SpaceX AI will release Grok 4.5 to the public tomorrow. It is an Opus-level model, but faster, more efficient, and cheaper.
A US judge rejected Musk's request to overturn a ruling against Twitter investors, and some allegations regarding his tweets were dismissed.
PANews reported on July 6 that a US judge rejected Musk's request to overturn a ruling that he defrauded Twitter investors, but also rejected allegations based on a single tweet.