Report: SpaceX showed investors an AI device before IPO; Musk denies it

Space Exploration Technologies Corp. showed investors and other stakeholders an early prototype of a handheld artificial intelligence device ahead of its planned initial public offering, the Wall Street Journal reported, a claim Chief Executive Elon Musk quickly rejected as “utterly false.”

The device is designed as a consumer product slimmer than an iPhone, with a sleek casing and a proprietary operating system built around xAI technology, according to the report, which cited people familiar with the matter. Qualcomm Inc. Snapdragon silicon would sit inside the casing.

SpaceX reportedly told investors the project remains at an early stage, that the design could still change and there is no guarantee the device will ever reach the market.

Musk denied the account in a post on X on Wednesday, writing, “Utterly false” without offering further detail.