Elon Musk revealed plans to build a factory on the moon during an xAI company meeting on Tuesday. The facility would manufacture AI satellites and use a giant catapult system to launch them into space.
The New York Times reported that Musk described creating a “mass driver” to launch satellites from the lunar surface. This system would help xAI generate more computing power than competitors operating on Earth.
SpaceX announced its acquisition of xAI earlier this month. Musk called the merger a new chapter for both companies during the employee meeting.
The focus has now shifted from Mars to the moon for the first phase of space expansion. Musk explained that SpaceX can launch to the moon every 10 days with a two-day trip time. Mars launches only happen every 26 months with a six-month journey.
Musk stated that SpaceX aims to build a self-sustaining city on the moon in less than 10 years. He posted on X that the faster iteration time makes a lunar city more achievable than Mars colonization.
The moon will serve as a stepping stone to Mars and beyond. Musk described it as part of SpaceX’s mission to extend consciousness and life to the stars.
Mars colonization remains in the plans but on a longer timeline. Musk said SpaceX will begin building a Mars city in about five to seven years. However, the moon takes priority due to the faster development potential.
During the meeting, Musk discussed X, the social media platform he purchased in 2022. He claimed the platform now has around 600 million monthly active users.
Musk noted that many users currently open X only during major global events. He expects engagement to grow as new features launch, including X Money banking service. A standalone chat app is also in development.
Musk projected that X could eventually surpass one billion daily active users. The platform continues to add features beyond its original Twitter functionality.
In 2020, Musk said he was highly confident SpaceX would land humans on Mars by 2026. He later adjusted the timeline, saying an uncrewed vehicle could reach Mars in two years from that 2020 statement.
President Donald Trump expressed interest in Mars exploration last year. He told Congress he wanted to plant an American flag on Mars and beyond.
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BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more