July 18, 2026

SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler

WASHINGTON, July 17 (Reuters) – U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk’s SpaceX after she was nominated for the ‌job, earning millions of dollars from the company’s record initial public offering, a Reuters review of her financial disclosures showed.   Loeffler invested between $1 million and […]

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Musk’s SpaceX in talks to supply the Pentagon with computing power, WSJ reports

July 17 (Reuters) – Elon Musk’s SpaceX (SPCX.O), opens new tab is in talks to provide the U.S. Department of Defense with access to data center ‌capacity worth billions of dollars to run AI models, the Wall Street Journal reported on Friday, citing people familiar with the matter. Such an agreement would extend the Pentagon’s existing relationship with

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