All articles tagged with #musk
Elon Musk amended his lawsuit against OpenAI and Sam Altman, saying he will not seek personal damages and that any recovered profits (potentially up to $134 billion per his expert) should be returned to OpenAI’s charitable nonprofit; the filing seeks to unwind OpenAI’s for-profit conversion and restore its nonprofit status, with the trial looming and OpenAI labeling the move as harassment.
SpaceX, possibly merging with xAI and led by Elon Musk, could command a $1.75–$2 trillion IPO that may reshape the S&P 500 and draw investment away from the Magnificent Seven. While SpaceX’s moat spans reusable rockets, Starlink, and AI data-center capabilities, the piece cautions against buying on day one and suggests waiting for post-launch dynamics or gaining exposure through broader indices. A June 2026 launch window is floated, with investors weighing whether to chase the hype or wait for a clearer path to value.
A San Francisco federal jury unanimously found that Elon Musk’s public statements about Twitter’s user metrics and the 2022 takeover misled investors, potentially lowering the stock by roughly $3 to $8 a share and exposing Musk to damages for the class; Musk testified that readers overinterpreted his posts, while investors like Belgrave said they sold at a loss amid the turmoil as the deal proceeded and the platform was renamed to X.
Elon Musk testified in a San Francisco jury trial to defend himself against claims he misled investors and used tactics to back out of his $44 billion Twitter takeover, arguing the deal warranted renegotiation and that Twitter overstated bot figures; he described heated exchanges with Twitter’s board and said he pursued the deal after his lawyers warned a Delaware judge might rule against him, a decision he framed as a windfall for shareholders even as Twitter stock fell during the dispute.
Elon Musk has stepped up day-to-day leadership at xAI after a SpaceX-backed acquisition, reshaped teams, and pushed Grok toward an IPO that could value the company at about $1.5 trillion, even as cofounders depart and a high-pressure 'war room' culture drives rapid pace and safety concerns over Ani and Grok's outputs.
Elon Musk announced SpaceX is shifting focus from Mars to building a self-growing Moon City, claiming the Moon option could be ready in under a decade while Mars would take 20+ years; the pivot comes as NASA and Blue Origin vie to land astronauts for Artemis 3 and SpaceX faces Starship HLS delays, signaling closer alignment with lunar goals and a potential delay to Red Planet ambitions.
Elon Musk is merging SpaceX with X AI to create a vast, IPO-bound tech group spanning rockets, AI compute and a plan for space-based data centers via a constellation of satellites; analysts see potential synergies and a major valuation lift driven by SpaceX, but the space-based compute concept remains speculative and would require years, regulatory approvals and a broader Musk consolidation narrative (including Tesla).
Ukraine says Moscow’s offensive is slowing after SpaceX blocked unverified Starlink terminals and began verification; many “gray” Starlinks were disabled, though some are coming back online as terminals are registered, a move officials say disrupts Russian drones and comms and is pivotal for civilian infrastructure. Musk’s action is welcomed and the situation is being monitored for further developments.
The latest Epstein-files release by the US government comprises millions of pages, images, and videos detailing emails and interactions with high-profile figures such as Elon Musk, Bill Gates, Donald Trump, and Richard Branson. Officials stress that being named in the documents does not imply wrongdoing, and many named individuals have denied any misconduct; the release follows the Epstein Files Transparency Act. The batch also touches on investigations or inquiries involving others, including Lord Mandelson, highlighting the broader effort to disclose Epstein-related material.
SpaceX announced it will acquire AI firm xAI, merging to form a vertically integrated engine spanning AI, rockets, space-based internet, and X, with an IPO planned later this year and valuations reportedly above $1 trillion. The deal follows Musk's pattern of cross-ownership moves and underscores a push to power AI with space-based datacenters, despite controversies surrounding Grok and recent fundraising for xAI.
Tesla stock rose about 2.5% in early trading after reports that SpaceX is weighing a merger with Tesla or with xAI, a sign that investors see value in consolidating Musk’s companies rather than watching a single business stagnate. Bloomberg and Reuters have said SpaceX has discussed ties with both Tesla and xAI ahead of its IPO, and Musk’s firms already intersect—Tesla has invested in xAI, and SpaceX–Tesla expenses have occurred—making a SpaceX–Tesla or SpaceX–xAI tie‑up a plausible path forward.
The European Union has opened an investigation into X, Elon Musk's platform, over its AI chatbot Grok after reports that it generated sexual deepfake images, reflecting heightened regulatory scrutiny of AI-generated content on social networks.
Elon Musk told Davos attendees that humanoid robots could hit the market next year and that artificial intelligence will be smarter than humanity within five years.
Elon Musk and Sam Altman traded barbs on X over media reports tying OpenAI’s ChatGPT to deaths, with Musk highlighting a murder‑suicide case after alleged delusional conversations with ChatGPT and urging caution in AI narratives; the dispute underscores how AI-safety coverage is shaping public debate.
Musk is seeking $79–$134 billion in damages from OpenAI and Microsoft in a lawsuit arguing OpenAI abandoned its nonprofit mission; he relies on economist C. Paul Wazzan’s analysis that claims Musk contributed 50–75% of OpenAI’s value. OpenAI and Microsoft call the math unreliable and accuse it of cherry-picking factors and ignoring others’ contributions, including co-founders and researchers. They question Wazzan’s method, note he didn’t access xAI data, and say private individuals cannot hold nonprofit economic interests; a trial begins in April, with OpenAI seeking to exclude Wazzan’s opinions.}