Space X stock market trip

Space X makes deal with AI company – worth 60 billion

Space company Space X has signed an agreement with AI company Reflection worth the equivalent of around 60 billion kronor. This is reported by several media outlets.

The deal gives Reflection access to Nvidia's GB300 chip in Space X's data center Colossus. Reflection will pay $150 million per month from July 1 through 2029.

Reflection develops AI models with open source code. The company was valued at $25 billion in its latest capital round, writes CNBC.

Space X's work for sustainability gets a rock-bottom rating

Elon Musk's space company SpaceX receives the lowest possible sustainability rating from index provider MSCI, writes the Financial Times.

The company receives a CCC rating for its work according to the so-called ESG criteria for environment, social responsibility and corporate governance. That’s the same rating the Russian state received after its invasion of Ukraine.

According to the index provider, SpaceX is lagging behind in sustainability efforts due to high exposure to ESG risks and poor management of them.

In MSCI’s sustainability incidents category, SpaceX is given a score of one out of ten and an orange flag. This rating is given to companies that are deemed to be directly or indirectly involved in one or more serious controversies.