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Faraday Future wants a Berkshire-style Physical AI holding model while pursuing robotaxis and connectivity with Tesla’s Cybercab network.
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Faraday Future has scheduled a listing ceremony and investor day for its FFR robotics division, to be held at the Nasdaq MarketSite in New York City on October 26, 2026.
U.S. tech funds experienced $5.21 billion in net outflows during the week ended Oct. 14, as investors rotate holdings due to concerns about AI infrastructure debt financing, higher borrowing costs, and tech valuations. However, the article advises that this rotation doesn't signal the end of tech's long-term prospects. Before selling, investors should evaluate whether tech holdings still align with their financial goals and risk tolerance, considering gradual rebalancing rather than panic selling.
SpaceX's AI segment (called 'super intelligence') generated $7.6 billion in Q3 revenue, up 830% year-over-year, becoming the company's largest revenue source at over 50% of sales. The segment turned profitable with $431 million in operating income after losing $1.26 billion last quarter, driven by cloud services agreements with Alphabet and Anthropic, plus the Cursor acquisition contribution of $608 million in just 6.5 weeks.
Elon Musk claims SpaceX could achieve a $1 trillion annualized revenue run rate by December 2027, driven by rapid expansion of AI infrastructure. The company's AI division grew 830% year-over-year to $7.6 billion in Q3, now representing 52% of total revenue. To reach this ambitious target, SpaceX would need to expand compute capacity to 15 gigawatts and significantly increase revenue productivity per gigawatt, while also tripling revenue from its Starlink and Space divisions.