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00:02Elon Musk's SpaceX has reportedly joined a secret Pentagon competition, according to Bloomberg.
00:08SpaceX and its newly acquired AI subsidiary XAI are among a small group selected for a $100 million
00:15Defense Department prize challenge launched in January. The six-month contest seeks advanced
00:20swarm systems that can translate voice commands into digital instructions and coordinate multiple
00:25drones at the same time. SpaceX acquired XAI in February. The reported participation comes as
00:31rumors circulate that SpaceX could go public in 2026. Democratic senators asked Secretary of Warpeat
00:38Hegseth to investigate SpaceX's alleged Chinese investments. Musk previously signed an open
00:44letter calling for a global ban on offensive autonomous weapons. Last year, Hegseth outlined
00:49a strategy to speed up domestic drone development, which included reducing bureaucracy and promoting
00:55domestic drone manufacturing. For all things money, visit Benzinga.com.
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