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Tesla Expands Robotaxi Service to Miami as Autonomous Ride-Hailing Race Accelerates

Tesla has officially launched its Robotaxi service in Miami, marking another step in the company’s strategy to transform itself from an electric vehicle manufacturer into a leader in artificial intelligence, autonomous driving, and robotics.

The expansion follows the initial rollout of Tesla’s unsupervised Robotaxi service in Austin and reflects CEO Elon Musk’s long-term vision of deploying fully autonomous vehicles across major U.S. cities. Unlike traditional ride-hailing platforms, the Robotaxi service is designed around Tesla’s Full Self-Driving technology, with autonomous software serving as the core product rather than the vehicle itself.

Miami becomes another important testing ground as competition in autonomous mobility intensifies. Rivals including Alphabet’s Waymo and Amazon’s Zoox continue expanding their own driverless transportation networks, turning the U.S. robotaxi market into one of the most closely watched segments of the AI economy.

For Tesla, the strategy extends beyond passenger transportation. Musk has repeatedly argued that autonomous driving software represents one of the company’s most valuable long-term assets, with Robotaxi services expected to generate recurring revenue far beyond traditional vehicle sales. The initiative is also closely tied to Tesla’s broader investments in artificial intelligence and robotics, including development of the Optimus humanoid robot.

The rollout comes shortly after Tesla reported stronger-than-expected quarterly vehicle deliveries, suggesting that the company is simultaneously stabilizing its automotive business while accelerating investments in next-generation AI-driven services.

Despite the progress, widespread deployment of autonomous ride-hailing still faces important challenges. Regulatory approval, public acceptance, operational safety, and scalability remain critical hurdles as companies seek to commercialize fully driverless transportation across different cities and jurisdictions.

Tesla’s expansion into Miami nevertheless reinforces a broader industry trend: autonomous mobility is moving from limited pilot programs toward gradual commercial deployment, with artificial intelligence increasingly becoming the defining competitive advantage in future transportation.

Blue Owl cashes out part of SpaceX stake

Blue Owl Capital sold roughly half of its SpaceX investment at a $1.25 trillion valuation, locking in about a 10x return, according to co-CEO Marc Lipschultz.

Blue Owl originally invested $27 million in SpaceX equity in 2021 through one of its technology finance funds after first building ties as an early lender. The firm’s remaining stake is still significant, while the partial sale secures major realized gains ahead of SpaceX’s expected IPO later this year.

SpaceX is reportedly targeting a public debut at a potential $1.75 trillion valuation, which could make it one of the largest IPOs in history. Blue Owl’s move reflects both confidence in future upside and a strategic decision to crystallize profits at already massive private-market valuations.

The sale also gives Blue Owl additional flexibility to offset potential credit-market risks, showing how private equity positions in top-tier tech firms can serve as major portfolio stabilizers.

Musk says he missed OpenAI for-profit details

Elon Musk testified in court that he did not read the “fine print” of a 2017 term sheet discussing OpenAI’s potential shift toward a for-profit structure, during ongoing litigation over the company’s evolution.

Under cross-examination, Musk said he focused only on headline-level information and believed assurances from Sam Altman and others that OpenAI would remain fundamentally nonprofit. OpenAI’s legal team presented emails suggesting Musk had earlier exposure to internal discussions around commercialization.

Musk’s lawsuit seeks governance changes, a return to nonprofit principles and $150 billion in damages, arguing OpenAI abandoned its founding mission. OpenAI counters that restructuring was necessary to secure capital for computing power and talent.

The trial could significantly influence OpenAI’s governance, public perception and future IPO trajectory.