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Wellfunded

SpaceX

SpaceX Plans a Mobile Network to Rival T-Mobile, AT&T

Aug 5, 2026

SpaceX Plans a Mobile Network to Rival T-Mobile, AT&T

SpaceX is moving beyond satellite connectivity and into direct competition with America's biggest carriers. During the company's first-ever earnings call, president Gwynne Shotwell confirmed plans to build out a full terrestrial mobile network using spectrum acquired from EchoStar.

Startups

Telecommunications

SpaceX

China's CASC Closes the Reusable-Rocket Gap on SpaceX

Jul 11, 2026

China's CASC Closes the Reusable-Rocket Gap on SpaceX

China's state-owned space giant CASC has successfully recovered an orbital rocket booster for the first time, marking a significant milestone in Beijing's push to rival SpaceX's reusable launch capabilities. The achievement signals that China's reusable rocket ambitions are no longer the exclusive domain of its private sector. The gap with Elon Musk's Falcon 9 program is narrowing fast.

Space

China

Reusable Rockets

North American Startup Funding Hit $392B in H1 2026

Jul 7, 2026

North American Startup Funding Hit $392B in H1 2026

Fueled by historic AI megarounds and a record-breaking SpaceX IPO, North American venture investment reached $392 billion in the first half of 2026 — a figure that dwarfs any prior period. Late-stage AI giants dominated capital flows, while early-stage funding also surged to a three-year high. Here's a full breakdown of what moved the needle in Q2.

Venture Capital

AI Funding

Startups

Can Cursor Stay Model-Agnostic After the SpaceX Deal?

Jul 2, 2026

Can Cursor Stay Model-Agnostic After the SpaceX Deal?

SpaceX's $60 billion deal to acquire AI coding startup Cursor raises a critical question for the industry: will Anthropic and OpenAI continue supplying their models to a tool owned by Elon Musk? The answer could reshape competitive dynamics across the entire AI developer tools market.

Acquisitions

AI coding

Anthropic

Global Startup Funding Hit a Record $510B in H1 2026

Jul 2, 2026

Global Startup Funding Hit a Record $510B in H1 2026

Venture funding shattered records in the first half of 2026, reaching $510 billion — more than all of 2025 combined. OpenAI and Anthropic alone accounted for 43% of that total, while IPOs and M&A activity hit their strongest levels since the 2021 boom.

Venture Capital

AI Funding

Startups

SpaceX's Mystery AI Device Hints at Consumer Hardware

Jul 1, 2026

SpaceX's Mystery AI Device Hints at Consumer Hardware

SpaceX reportedly demoed a 'handset-like' AI device to investors ahead of its IPO — a move that signals the company may be eyeing a serious push into consumer wireless hardware. Here's what we know so far.

AI hardware

Consumer Tech

Elon Musk

Meta Wants to Sell Excess AI Compute, Rival AWS

Jul 1, 2026

Meta Wants to Sell Excess AI Compute, Rival AWS

Meta is building plans for a cloud infrastructure business that would sell access to its AI compute power and models. The move would put it in direct competition with Amazon Web Services, Google Cloud, and Microsoft Azure.

Meta

Cloud Computing

AI Infrastructure

Q2 2026 Sees Most Billion-Dollar Exits Since 2021 Peak

Jun 29, 2026

Q2 2026 Sees Most Billion-Dollar Exits Since 2021 Peak

Crunchbase data shows Q2 2026 delivered the highest count of billion-dollar-plus startup exits since the 2021 boom — led by SpaceX's record-shattering IPO and a wave of landmark acquisitions and public offerings across AI, quantum computing, and beyond.

IPO

Startup Exits

SpaceX