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Elonmusk

All articles tagged with #elonmusk

SpaceX IPO Draws Over $100 Billion in Retail Orders Ahead of Debut
business1 month ago

SpaceX IPO Draws Over $100 Billion in Retail Orders Ahead of Debut

Retail investors reportedly ordered more than $100 billion of SpaceX shares ahead of its IPO, with BlackRock placing at least $5 billion and individual orders totaling tens of billions; SpaceX aimed to price at $135 per share as it prepares for a trading debut that could set demand records, despite critics raising questions about valuation and Musk-controlled governance.

OpenAI Chief’s Diary Read Aloud as Mission vs. Money Battle Heats Up in Court
technology2 months ago

OpenAI Chief’s Diary Read Aloud as Mission vs. Money Battle Heats Up in Court

In Elon Musk’s lawsuit over OpenAI’s nonprofit mission, OpenAI president Greg Brockman testified and was forced to read his private diary entries, which his team says reflect deep consideration of OpenAI’s mission rather than greed. The journals, dating from 2015 to 2023, contain notes about a potential for-profit arm and Brockman’s billionaire-style stake, which Musk’s lawyers seized on to portray a money-driven mindset. Brockman defended the entries as contextual and aimed at safeguarding the mission, while detailing board dynamics, Musk’s 2018 departure, and concerns about unilateral control. The trial continues to weigh whether OpenAI strayed from its nonprofit roots in pursuit of advancement in artificial intelligence.

Epstein’s Silicon Valley web widens in latest DOJ file release
technology5 months ago

Epstein’s Silicon Valley web widens in latest DOJ file release

New DOJ document releases show Epstein’s long-running effort to embed himself with Silicon Valley elites—including Elon Musk, Bill Gates, Sergey Brin, Peter Thiel, Reid Hoffman and Steven Sinofsky—through emails, meetings and island visits. While some interactions are described as legitimate or philanthropic, the materials do not prove wrongdoing, but they deepen scrutiny of these connections and Epstein’s role as a power broker before his 2019 death.

Elon Musk Cuts Starlink Access for Russian Forces, Shaking Ukraine Battlefield Communications
world5 months ago

Elon Musk Cuts Starlink Access for Russian Forces, Shaking Ukraine Battlefield Communications

Elon Musk is reported to have cut Starlink service reaching Russian military units in Ukraine, a move that could disrupt battlefield communications and hinder Russian drone operations; the piece references Business Insider and Daily Kos, noting the potential strategic impact and inviting discussion about its significance.

Elon Musk bets on a SpaceX–xAI fusion in a $1.25 trillion, space-powered AI push
business5 months ago

Elon Musk bets on a SpaceX–xAI fusion in a $1.25 trillion, space-powered AI push

Elon Musk is merging SpaceX with his AI startup xAI in a deal valuing the combined company at about $1.25 trillion (SpaceX ~$1 trillion, xAI ~$250 billion) with an IPO planned for June. Musk argues the merger will move AI compute into space by building a vast network of solar-powered datacentres via up to a million satellites. Experts warn of technical and maintenance challenges for space-based datacentres and potential impacts on SpaceX shareholders, while investors see strategic value in pairing Musk’s rocket hardware with AI software. Analysts also hint at broader Musk consolidation, including a possible Tesla–SpaceX tie-up.

Europe urged to mirror Spain's social-media safety plan
politics5 months ago

Europe urged to mirror Spain's social-media safety plan

EU countries are urged to adopt Pedro Sánchez’s five-step plan to curb social-media misuse: hold platform executives liable for infringements, criminalize algorithmic manipulation, implement a hate-polarization footprint, ban minors under 16 with robust age verification, and empower prosecutors to pursue infractions by major platforms like Grok, TikTok, and Instagram.

Experts Push Back on Musk's Vision of a Post-Savings Retirement
business5 months ago

Experts Push Back on Musk's Vision of a Post-Savings Retirement

Elon Musk claims AI, energy, and robotics will create such abundance that retirement savings won’t matter, but seven personal-finance and AI experts say Americans should still save for retirement. They warn about Social Security funding shortfalls, uneven productivity gains, and ongoing cost‑of‑living pressures, arguing that relying on future abundance is risky and that individual saving remains essential.

Teens Shift Focus from X to Emerging Social Media Platform
technology1 year ago

Teens Shift Focus from X to Emerging Social Media Platform

A Pew Research Center study reveals that American teenagers are using Elon Musk's social media platform X (formerly Twitter) less, with only 17% of teens using it, down from 23% in 2022. In contrast, WhatsApp has gained popularity among teens, increasing from 17% to 23% usage over the past two years. Other platforms like YouTube, TikTok, and Snapchat have also seen slight declines in teen usage, while Instagram and Facebook usage remains steady. The study highlights a shift in social media preferences among US teenagers.

Tesla Stock Reaches Record High Amid Unprecedented Rally
finance1 year ago

Tesla Stock Reaches Record High Amid Unprecedented Rally

Tesla's stock has reached a new all-time high, surpassing its previous record from 2021, driven by investor optimism about the future of self-driving technology and regulatory easing under the Trump administration. The stock has surged over 60% since Trump's election win, with analysts like Morgan Stanley's Adam Jonas raising their price targets. Despite the rally, concerns remain about Tesla's autonomous driving capabilities and the stock's overextension above its 200-day moving average.

Tesla Stock Soars Amid Multiple Price Target Upgrades
business1 year ago

Tesla Stock Soars Amid Multiple Price Target Upgrades

Tesla's stock surged to a record high of $400 after Goldman Sachs raised its price target to $345, driven by strong sales figures, growth plans, and investor confidence in CEO Elon Musk's ties with the incoming Trump administration. The company's advancements in robotics and AI, along with the popularity of the Model Y in China, have further fueled investor interest. Analysts highlight Tesla's international sales and AI demand as key growth drivers.