Elon Musk's xAI has launched Colossus 2, the world's first gigawatt-scale AI training cluster, which is designed to train the Grok large language model. The supercomputer is currently operational at 1 GW and is expected to ramp up to 1.5 GW by April. Colossus 2's development was remarkably quick, taking just 122 days from site preparation to full operation. In comparison, this speed outpaces that of xAI's competitors. The launch comes on the heels of xAI's successful $20 billion Series E funding round, which exceeded its initial $15 billion target. This funding will support infrastructure scaling and product development, positioning xAI to reach billions of users and advance its research initiatives. Despite this progress, xAI is grappling with $18 billion in debt, partly due to Musk's acquisition of Twitter and investments in AI. Reports suggest that bankers are working on financing solutions to ease some of the financial pressures before SpaceX's planned IPO. Morgan Stanley is expected to lead this financing plan, alongside other major banks like Goldman Sachs and JPMorgan Chase. The merger of xAI with SpaceX aims to streamline operations and potentially reduce costs by moving data centers into space, ultimately tapping into vast energy resources. In other developments, SpaceX successfully launched Crew-12 to the International Space Station, marking a milestone in its Florida recovery operations. The Falcon 9 booster landed at a new pad, improving efficiency by keeping launch and landing activities in close proximity. Meanwhile, the U.S. has sent around 6,000 Starlink terminals into Iran to counteract government-imposed internet restrictions amid protests, marking a significant move in providing internet access under oppressive conditions.