Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. <\/p>\n
Elon Musk<\/strong>, the CEO of Space Exploration Technologies Corp.<\/strong>, has refuted reports that his company is developing a handheld AI device. <\/p>\n Musk took to X and responded to the reports by labeling them as “utterly false”. <\/p>\n The original post about the report was deleted later on. <\/p>\n Utterly false <\/p>\n \u2014 Elon Musk (@elonmusk) July 1, 2026<\/a> <\/p>\n<\/blockquote>\n Don’t Miss:<\/strong> <\/p>\n Earlier this year, Musk said a Starlink phone was “not out of the question” and could be AI-optimized, but later clarified that SpaceX is not developing a smartphone. <\/p>\n The Report In Question <\/p>\n A report by the Wall Street Journal, published on Wednesday, indicated that SpaceX had presented investors with a prototype of a device similar to Apple Inc.<\/strong>‘s iPhone, but “slimmer” before the IPO. As per the\u00a0WSJ article, this device would run on SpaceX’s proprietary system, using AI technology from xAI<\/strong>. <\/p>\n The device would also include chips from Qualcomm Inc.<\/strong> according to the report.\u00a0However, the device is reportedly\u00a0still in the prototype phase, with no official name assigned, and it remains unclear whether\u00a0it will ever be released\u00a0to the public. <\/p>\n The report comes after SpaceX President Gwynne Shotwell<\/strong>, last month, reportedly informed investors about the company’s plans to launch a Starlink retail product for U.S. consumers and build its own terrestrial mobile network.\u00a0 <\/p>\n Trending: <\/strong>Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/strong><\/a> <\/p>\n What Do The Analysts Say? <\/p>\n An analyst at TD Cowen<\/strong> predicted that SpaceX could pursue an acquisition of T-Mobile US Inc.<\/strong> to expand its wireless ambitions, leveraging its existing Starlink partnership and targeting the growing mobile connectivity market. <\/p>\n In its IPO filing, SpaceX estimated a $740 billion addressable market for Starlink Mobile, signaling plans to expand the service and compete with carriers such as Verizon Communications<\/strong> and AT&T<\/strong>. <\/p>\n On the other hand, analysts at Vital Knowledge<\/strong> said SpaceX faces significant hurdles in scaling consumer device manufacturing and competing with established platforms, arguing that Elon Musk’s companies often receive generous valuations based on ambitious product promises rather than proven consumer products, reported Forbes. <\/p>\n “\u2026it’s hard to imagine SpaceX becoming a force in consumer electronics,” wrote the firm. <\/p>\n Story Continues <\/p>\n Image via Shutterstock <\/p>\n Read Next:\u00a0<\/strong> <\/p>\n Building Wealth Across More Than Just the Market<\/strong> <\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry. <\/p>\n Arrived<\/strong> <\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/strong><\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly. <\/p>\n FarmTogether<\/strong> <\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/strong><\/a> \u2014 fully managed, with no landlord headaches. <\/p>\n Fundrise<\/strong> <\/p>\n Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate<\/strong><\/a> <\/strong>and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth. <\/p>\n Realberry<\/strong> <\/p>\n Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities <\/strong><\/a>backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests. <\/p>\n Immersed<\/strong> <\/p>\n Immersed is building technology for the future of work through spatial computing<\/strong><\/a>.<\/strong> Known for its AR\/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing. <\/p>\n BluSky AI<\/strong> <\/p>\n The rapid adoption of artificial intelligence is creating significant demand for data centers, power, and compute infrastructure. BluSky AI is building modular AI data centers designed to support next-generation AI workloads while aiming to reduce deployment timelines compared to traditional facilities. <\/strong><\/a>For investors looking beyond AI software and applications, the company offers exposure to the infrastructure layer that makes artificial intelligence possible. <\/p>\n ARK7<\/strong> <\/p>\n Residential real estate has historically provided investors with income potential and long-term appreciation, but direct ownership can be expensive and time-consuming. ARK7 enables investors to buy fractional shares of rental properties, offering access to potential rental income and real estate exposure without property management responsibilities.<\/strong><\/a> By lowering the barrier to entry, the platform gives investors another way to diversify beyond traditional stocks and bonds. <\/p>\n Miso Robotics<\/strong> <\/p>\n Robotics and automation are becoming increasingly important tools for businesses facing labor shortages and rising operating costs. Miso Robotics develops AI-powered kitchen technology that is already being deployed in restaurant environments, with products designed to help operators improve efficiency and streamline operations.<\/strong><\/a> As artificial intelligence expands beyond software and into real-world applications, the company is positioning itself at the intersection of robotics, automation and the future of food service. <\/p>\n Vinovest<\/strong>\u00a0 <\/p>\n Fine wine and rare whiskey have historically moved independently of the stock market, making them a compelling alternative asset. Vinovest manages authenticated, insured portfolios of investment-grade wine and whiskey starting at $5,000<\/strong><\/a> \u2014 sourcing, storage, and insurance all handled for you. <\/p>\n EquityMultiple<\/strong>\u00a0 <\/p>\n For accredited investors looking beyond stocks and bonds, <\/strong>EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/strong><\/a>,<\/a> with only ~5% of opportunities passing their due diligence process.\u00a0 <\/p>\n\n