Tag: Elon Musk

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Elon Musk becomes first person worth $700 billion after court ruling on pay package

Tesla CEO Elon Musk's net worth surged to $749 billion ⁠late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139...

Morgan Stanley seen as front-runner for SpaceX IPO, sources say

Morgan Stanley is emerging as a leading contender for a key role in SpaceX's blockbuster initial public offering, as the bank's close ties...

Why SpaceX IPO plan is generating so much buzz

More than 20 years after founding SpaceX, the record-breaking company that transformed the global space industry, Elon Musk is planning to take the...

Musk denies $800 billion SpaceX valuation reports

Synopsis"SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and...

There Is Only One AI Company. Welcome to the Blob

It all began, as many things do, with Elon Musk. In the early 2010s he realized that AI was on a track to...

Musk’s X settles former Twitter executives’ $128 million severance pay lawsuit

Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag...

Tesla expected to unveil lower-cost Model Y in push to reignite sales

Tesla is expected to unveil on Tuesday a more affordable version of its best-selling Model Y SUV, as the electric vehicle maker seeks...

I Thought I Knew Silicon Valley. I Was Wrong

Of course, Silicon Valley was never all flowers and psychedelics. “For all that it might flatter itself with counterculture roots, making money and...

Elon Musk’s $1-trillion paycheck dwarfs GDF of 91% nations in the world

Synopsis Elon Musk, the head of Tesla and SpaceX, might become the first trillionaire. He could receive a massive compensation from Tesla if the company...

The White House Apparently Ordered Federal Workers to Roll Out Grok ‘ASAP’

The White House appears to have instructed leaders at the General Services Administration (GSA) to add xAI’s Grok chatbot to a list of...