SpaceX currently holds 8,285 bitcoins, worth approximately $603 million. Despite losses of nearly $5 billion due to its acquisition of xAI, it has not sold any bitcoins since mid-2024, remaining the fourth-largest holder of corporate bitcoin holdings.

Gate News update: April 12. SpaceX currently holds Bitcoin worth about $603 million. In the same period, the company recorded a nearly $5 billion loss due to integrating xAI. Despite the large loss, SpaceX’s Bitcoin holdings have remained unchanged since mid-2024, with no signs of selling.

SpaceX executive Michael Nicolls said in a memo that xAI’s training performance is poor and clearly behind its competitors. As a result, it decided to reorganize the engineering team, appoint a new leader, and aim to catch up with companies like OpenAI and Google. This move is part of the rebuilding plan pushed by Elon Musk.

Gate News message, April 3, the newly released ranking of CodeArena, an AI programming-focused competition under the globally renowned model blind test leaderboard LMArena, was published. Alibaba’s latest generation large language model, Qwen 3.6-Plus, ranked second on the global leaderboard, surpassing international giants such as OpenAI, Google, and xAI, becoming the highest-ranked Chinese model on that leaderboard.

The open-source AI agent tool OpenClaw has released version v2026.3.28, which removes the deprecated Qwen OAuth integration, stops automatic migration of old configurations, adds xAI provider, image generation and editing features, and fixes multiple issues.

BlockBeats news, on March 27, Musk responded to the community on the X platform, stating that a significant update for Grok Imagine will be released next week. Combining Musk's earlier confirmation of an "epic" upgrade, the community analyzes that the "significant update" may involve longer video lengths, optimized multimodal inputs, or a new API, marking xAI's accelerated efforts to catch up with OpenAI and Google in the AI video competition.

Gate News reported that on March 27, Musk responded to the community on the X platform, stating that Grok Imagine will have a significant update next week. It is reported that Grok Imagine is a video generation tool built by xAI around the Grok chatbot.

Co-founder of xAI, Manuel Kroiss, will be leaving, meaning 10 out of the original 11 founders have departed. Elon Musk admitted that xAI lags behind competitors in programming skills and said a restructuring is underway. The reorganization occurred after SpaceX acquired xAI, with expectations that SpaceX will file for an IPO valued at $1.5 trillion.

Gate News report: On March 25, Elon Musk posted that the next version of xAI's image generation tool Grok Imagine "will be epic, we're doubling down on it." The official Grok account subsequently replied confirming the new version is called Grok Imagine.

According to 1M AI News monitoring, Elon Musk posted that the next version of xAI's image generation tool Grok Imagine "will be epic, we are doubling down on investment." The official Grok account subsequently replied confirming that the new version is named Grok Imagine.