Home / Business and Economy / SpaceX Buys $17B Wireless Spectrum, Cognition AI Valued at $10.2B
SpaceX Buys $17B Wireless Spectrum, Cognition AI Valued at $10.2B
8 Sep
Summary
- SpaceX plans to buy wireless spectrum from EchoStar for $17 billion
- Cognition AI secures $400 million funding, now valued at $10.2 billion
- Tesla's special committee adviser discusses proposed $1 trillion pay package for Elon Musk
On September 9th, 2025, the tech industry is abuzz with several significant developments. SpaceX, the aerospace company founded by Elon Musk, has announced plans to acquire wireless spectrum from EchoStar for a staggering $17 billion. This move is seen as a strategic play by SpaceX to expand its satellite-based internet services and further solidify its position in the rapidly evolving wireless landscape.
In another notable development, Cognition AI, a leading artificial intelligence company, has secured a $400 million funding round, propelling its valuation to a remarkable $10.2 billion. This substantial investment underscores the growing demand for advanced AI solutions and the confidence investors have in Cognition AI's innovative technology and market potential.
Amidst these business deals, the spotlight also shines on Elon Musk, the visionary CEO of Tesla. An adviser to Tesla's special committee has disclosed details of a proposed $1 trillion pay package for Musk, a staggering figure that has sparked widespread discussion and debate within the industry and beyond. This potential compensation package highlights the immense value Musk's leadership and vision are seen to bring to the electric vehicle manufacturer.
