Sam Altman considered buying SpaceX rival, but the deal was called off
Crypto Briefing
OpenAI CEO Sam Altman explored acquiring rocket startup Stoke Space, but the potential deal has since ended.Summary
OpenAI CEO Sam Altman had considered acquiring Stoke Space, a startup developing fully reusable rockets, as a potential move to compete with Elon Musk's SpaceX. Discussions, which began over the summer and intensified in the fall, involved potential investments amounting to billions of dollars for equity and a controlling stake in the company. However, these talks have since been called off and are no longer active. Altman has a broader interest in space technology, including backing Longshot Space, which is developing satellite placement methods that avoid traditional rocket combustion, aligning with his interest in orbital data centers for AI.
(Source：Crypto Briefing)