Intel Joins Musk’s Terafab Project With Tesla, SpaceX, xAI | Bloomberg Tech 4/7/2026

Intel Joins Musk’s Terafab Project With Tesla, SpaceX, xAI | Bloomberg Tech 4/7/2026

More

Descriptions:

Bloomberg Technology’s April 7, 2026 broadcast leads with breaking news: Intel has announced via an X post from its CEO that it is joining Elon Musk’s Terafab project, an initiative by SpaceX, xAI, and Tesla to build large-scale domestic chip manufacturing capacity. Intel’s stock climbed nearly 5% on the announcement before paring gains to roughly 2%. Bloomberg chip reporter Ian King and Bloomberg Intelligence analyst Mandeep Singh provide context — King noting that the production volumes Musk’s companies currently consume would not justify a standalone fab economically, making a hybrid arrangement where Tesla becomes an Intel customer the more plausible near-term path. Singh frames it as Intel seeking a growth avenue in AI infrastructure at a moment when every major hyperscaler is committing over $100 billion in annual capex to data center buildout.

The show also flags Anthropic reaching a $30 billion annualized revenue run rate, which analysts say strengthens the Broadcom-inclusive Anthropic chip ecosystem as an emerging alternative to Nvidia. Additional segments cover Blackstone-backed QTS drawing $12 billion in high-grade bonds to fund a Microsoft data center, a $350 million raise for an Atlanta-based autonomous fighter jet startup, and Bill Ackman’s proposal to merge Universal Music Group — home to Taylor Swift and Drake — into a new entity with a primary New York Stock Exchange listing, sending UMG shares up as much as 24% intraday.


📺 Source: Bloomberg Technology · Published April 07, 2026
🏷️ Format: News Analysis

1 Item

Channels

5 Items

Companies