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Elon Musk announced via tweet that Tesla will stop building the Cybertruck next year to free up production capacity for the upcoming Cybercab. Tesla had originally targeted annual production of 250,000 Cybertrucks but has sold only about 70,000 units since launch, with SpaceX among the largest buyers absorbing unsold inventory.
Gina Hinojosa, the governor-elect of Texas, said she will impose stricter terms on Elon Musk's businesses, including a push for a moratorium on new data center construction pending stronger regulations. She also confirmed she has asked the Texas Parks & Wildlife Department to halt any action on a possible sale of state park land to SpaceX.
SpaceX disclosed in a regulatory filing that Google's president of global partnerships, Donald Harrison, has resigned from its board of directors. The company said the departure was not tied to any disagreement over operations, policies or practices, and thanked Harrison for his years of service.
SpaceX has outlined plans to make Starlink Mobile a major US mobile carrier, partnering with Qualcomm to deploy cellular technology across tens of thousands of 5G sites starting in 2027. Reports indicate SpaceX is also in talks to acquire Boost Mobile and could tap roughly 80,000 existing cell sites nationwide to expand its network.
Technology shares rose on Friday morning, clawing back some losses from Thursday's sharp sell-off that erased trillions of dollars in market value across US, Asian and European markets. Nvidia rose more than 6% after shedding hundreds of billions on Thursday, while SpaceX and Tesla also posted gains, as the Nasdaq opened up 1.23% following stronger-than-expected US jobs data showing 165,000 new jobs added in September.
A startup founded by former SpaceX engineers has introduced a portable desalination device priced at $749 that can purify natural water sources, including seawater, into drinking water. The company positions it as an emergency and off-grid solution for accessing clean water when normal supplies are disrupted.
SpaceX is reportedly seeking regulatory approval to launch a mobile service division that would compete with Verizon and AT&T. Following Democratic gains in the 2026 midterm elections, the legislative and regulatory path for that plan has become less certain, according to the report.
Deutsche Telekom's chief executive responded to reports that Elon Musk is exploring a wireless carrier business, noting Musk has acquired only 76 megahertz of spectrum compared to T-Mobile's 400. He estimated that building a competitive network, including spectrum, towers and antennas, would require at least $200 billion.
At the 2026 Global Financial Leaders' Investment Summit in Hong Kong, PIMCO CEO Emmanuel Roman said the AI market faces a downturn where 'things are going to break,' estimating the AI buildout could require $2 trillion in financing over five years against a $12 trillion total US bond market. Apollo Global Management president Jim Zelter echoed caution, saying uncertainty remains over how AI pricing and economics will evolve, even as he expects computing demand to keep rising.
Argo Space, started in late 2022 by former SpaceX engineers Robert, Ryan, and Kirby Carlisle, is developing spacecraft that use water as propellant, coolant, and radiation shield instead of traditional rocket fuel. The company launched its first demonstration mission, Navigator, in July aboard a Falcon 9 rideshare, successfully contacting the spacecraft though one of its two solar arrays failed to deploy.
SpaceX has reportedly discussed with EchoStar either buying Boost Mobile outright or gaining access to its cellular network, which is leased from AT&T and T-Mobile, according to the Washington Post. The deal would require approval from those carriers, which have previously declined to grant SpaceX network access for a separate service. SpaceX also held talks last month with Crown Castle about using roughly 80,000 cell tower sites as it develops Starlink Mobile.
The Washington Post reports that SpaceX has held discussions with EchoStar, parent company of Boost Mobile, about either buying Boost Mobile or gaining access to its wireless network. Boost's network capacity is leased from AT&T and T-Mobile, meaning any deal would require approval from those carriers, which have previously declined to grant SpaceX similar network access. No agreement has been finalized.