Stories tagged “Elon Musk.”
30 stories
Rupert Lowe, the leader of Restore Britain, is on course to earn as much from the social media platform X as he does from his salary as an MP. His hourly rate on X has risen steeply, reaching £1,476 since the start of June.
Elon Musk proposes moving energy production "off-planet" using the Kardashev scale concept to solve the climate crisis, a solution critiqued as typical tech billionaire overreach.
Cards Against Humanity is planning to build a monument directed at Elon Musk in Texas, near SpaceX's Starbase. The monument is a response to a trespassing complaint filed by the company against SpaceX in 2024. The project is soliciting $10 contributions from the public to…
SpaceX has officially closed its acquisition of Cursor, a coding startup, for $60 billion. The deal was announced in April and gives SpaceX access to Cursor's technology and computing infrastructure.
SpaceX's stock price has dropped dramatically since its initial public offering (IPO). The company reported high revenue growth in the second quarter, but still lost money. The market continues to price in high growth expectations.
SpaceX shares recovered from a steep post-earnings selloff, even as investors remained watchful of the impact of potential insider selling on the stock, which has had a turbulent run since its market debut.
SpaceX delivered a blowout earnings report, beating Wall Street expectations on the top and bottom lines. Despite this, the market wasn't impressed, and the stock fell after the report. However, it has since regained some of its losses. The company's growth and valuation …
A SpaceX engineer, Andre Lavoie, is set to cash in on his 200,000 shares in the company, worth about $23m. He plans to use the money to fund a hotel renovation and a small brewery.
Grokipedia, an AI-generated encyclopedia backed by Elon Musk, hasn't been updated in over three months.
SpaceX's inaugural quarterly report revealed revenue nearly doubled to $7.8bn, but spending surged over 550% to $18.3bn, resulting in a $2bn net loss in the first half of the year, causing its stock to fall.
SpaceX Surpasses Expectations: Revenue Surge Due to AI
SpaceX, the aerospace company founded by Elon Musk, has released its first-quarter earnings report since going public in June. The company reported a significant revenue surge, particularly in its business with artificial intelligence. Despite this, SpaceX still incurred …
SpaceX reported booming revenue and shrinking losses in its first quarterly earnings report as a publicly traded company, with its Starlink satellite division doubling subscribers to 12 million.
SpaceX reported its second quarter earnings, saying that its revenue jumped 92% since June, beating analysts' predictions of $6.93bn. The company reported a loss of $541m.
SpaceX Disparas Sus Ingresos Un 92% En Los Primeros Resultados Trimestrales Tras Su Salida A Bolsa
SpaceX, la compañía de cohetes fundada por Elon Musk, ha presentado sus primeros resultados financieros después de su salida a Bolsa. Los ingresos han aumentado un 92% respecto al mismo trimestre del año anterior, con una pérdida neta de 541 millones de dólares.
SpaceX reported second-quarter revenue of $7.8 billion, beating Wall Street expectations of $6.9 billion. The company narrowed its net loss to $541 million from $1.0 billion a year earlier, while adjusted EBITDA nearly tripled to $3.5 billion on growth in launch, Starlink…
Tesla sold 480,126 vehicles in Q2, a 25% increase from the same period last year. The company's Y and 3 models remain the highest-selling EVs in the U.S. market.
Elon Musk's interview with the editor of the Economist has sparked a clash between the two worlds. The editor, Zanny Minton Beddoes, promotes economic liberalism and freedom, while Musk spreads misinformation to his hundreds of millions of followers on his own social medi…
Elon Musk, a billionaire, is supporting Republican candidates of Donald Trump in the US election. Musk's organization, America PAC, will focus on advertising in the election. Trump's advisor, James Blair, said that Musk's return will give the Republicans a significant boost.
Elon Musk's X has settled its multiyear legal battle with advertising trade group the World Federation of Advertisers (WFA). The settlement ends Musk's aggressive attempt to hold advertisers legally responsible for pulling spending from X over brand safety concerns.
Elon Musk's X Money app is launching in the U.S. for paid X subscribers, offering a Visa debit card, instant peer-to-peer transfers, and a physical debit card with no foreign transaction fees.
Elon Musk Experiences a Month of Losses in the Stock Market: SpaceX and Tesla Lose Over $1.2 Billion in Market Capitalization
Elon Musk's companies, SpaceX and Tesla, have experienced significant losses in the stock market, with SpaceX losing over $750 billion and Tesla losing over $440 billion in market capitalization. The losses have led to Musk losing his billionaire status.
Elon Musk warns short sellers betting against SpaceX that their survival probability is very low. The company's short position has grown to 32% of its float, with 206 million shares sold short.
A US judge has accepted a settlement between Elon Musk and the SEC over alleged deception during his purchase of Twitter in 2022. The settlement allows Musk to deny any wrongdoing and levies a $1.5 million penalty, which the judge has questioned.
Two new ETFs, Nasdaq-100 Ex-Elon Enterprises ETF and S&P 500 Ex-Elon Enterprises ETF, have been registered to exclude companies founded or led by Elon Musk, including Tesla and SpaceX.
A US judge has approved a $1.5 million penalty against Elon Musk, settling a Securities and Exchange Commission lawsuit despite having significant misgivings about it.
SpaceXAI has released its latest model, Grok 4.5, which Elon Musk describes as an 'Opus-class model'. The new model is designed to tackle routine knowledge work, such as coding and app-building, office and clerical work, research, and writing, at a lower cost than other l…
SpaceX has reportedly shown investors a prototype of a "handset-like" AI device, described as sleeker than an iPhone, though Elon Musk denies the report as "utterly false."
Tesla's stock has underperformed since its 3-for-1 stock split in August 2022, with a 28% gain compared to the S&P 500's 77% gain. A $10,000 investment in Tesla before the split would be worth $12,800 today, while a $10,000 investment in an S&P 500 index fund would be wor…
Elon Musk's net worth has dropped to $957 billion after a decline in Tesla and SpaceX's market value. He is no longer a trillionaire.
Valor Equity Partners plans to raise a $2.5 billion Fund VII, according to Bloomberg.