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Tag: Elon Musk

Business

Musk crosses historic $1 trillion wealth mark after SpaceX IPO

Elon Musk has become the world’s first trillionaire following SpaceX’s stock market debut on Friday. The SpaceX founder and chief executive held an estimated $860 billion worth of the company’s shares after they were priced at $135 each ahead of the initial public offering, according to Bloomberg. Combined with his stake in Tesla and the […]

Business featured

Musk’s SpaceX raises $75bn in record US IPO

Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable United States company, ahead of Tesla, Musk’s electric vehicle maker. SpaceX’s Nasdaq debut will come Friday, […]

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Musk nears trillionaire status through SpaceX IPO

Tech billionaire and Tesla Chief Executive Officer, Elon Musk, is on the verge of becoming the world’s first trillionaire, with his fortune projected to exceed an unprecedented $1 trillion if SpaceX proceeds with its expected initial public offering next week. Musk currently holds an estimated $273 billion in Tesla stock and options. However, the planned […]

Entertainment

Elon Musk’s estranged daughter ends interview after question about father

Vivian Jenna Wilson drew widespread attention this week after abruptly walking out of a red carpet interview when a reporter asked her about her father, billionaire entrepreneur Elon Musk. The incident occurred during a Desigual Vintage event held in Ibiza, Spain, on Tuesday, where the 22-year-old model and activist was speaking with reporters before the […]

Tech

Musk’s xAI hit with fresh claims over alleged non-consensual Grok content

Elon Musk’s artificial intelligence company, xAI, is facing expanding legal scrutiny after additional individuals came forward to pursue action over alleged abusive and non-consensual content produced by its Grok AI system. The development follows a test case initiated by United Kingdom Labour MP Jess Asato, who has taken legal action against the firm over the […]

OpenAI board rejects Elon Musk-led buyout offer
Business

Elon Musk loses mega lawsuit against OpenAI

Elon Musk’s claim that he was mistreated by his OpenAI co-founders was dismissed after nine California jurors unanimously ruled that his lawsuit had been filed too late. Musk had accused Sam Altman, Greg Brockman, OpenAI, and Microsoft of “stealing a charity” by turning the AI research lab into a for-profit affiliate. However, the jury found […]

Business

Musk, Cook named to Trump’s China delegation

The White House has invited top United States business leaders, including Elon Musk of Tesla, Tim Cook of Apple, and Kelly Ortberg of Boeing, to join President Donald Trump on his trip to China this week. This was disclosed in report by Bloomberg, citing an official. Also expected to be part of the delegation for […]

Elon Musk announces upcoming release of AI chatbot Grok 3
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Musk wanted $80bn to colonize Mars, says OpenAI president

OpenAI’s president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into a for-profit company, but wanted full control in part to help him raise $80 billion to colonize Mars. Greg Brockman’s testimony came during the second week of a California trial that could shape the future of OpenAI, the company that […]

OpenAI board rejects Elon Musk-led buyout offer
Tech

Judge calls for restraint as Musk–OpenAI legal battle begins

The United States judge presiding over the high-profile lawsuit between Elon Musk and OpenAI has urged the tech executives involved to limit their social media activity, following Musk’s recent critical posts about the ChatGPT maker’s leadership on X. Ahead of opening statements on Tuesday, US District Judge Yvonne Gonzalez Rogers advised Musk and OpenAI representatives […]

Telecommunications

Amazon to acquire Globalstar for $11.57bn, challenges Musk’s Starlink

Amazon is accelerating its push into space-based connectivity with plans to spend 11.57 billion dollars on the acquisition of satellite firm Globalstar, in a bold move aimed at competing directly with Elon Musk’s Starlink network. The deal, announced on Tuesday, will give Amazon access to thousands of satellites in low-Earth orbit through its Amazon Leo […]

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