Page 3 - Latest Updates on Elon Musk
Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor
The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.
 "Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor")
S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread
Even excluding the CEO of Tesla and SpaceX , average compensation for chief executives in the S&P 500 soared 21% to $22.8 million in 2025
 "S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread")
SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally
Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending
 "SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally")
Zelenskyy seeks Trump's help to expand Starlink use for strikes in Russia
Zelenskyy urged Trump to help secure broader access to Elon Musk's Starlink system for targeting inside Russia, as Ukraine seeks alternatives amid shortages of Patriot air defence interceptors
 "Zelenskyy seeks Trump's help to expand Starlink use for strikes in Russia")
Elon Musk dismisses report of Tesla's potential China business sale
Tesla and SpaceX merger can raise geopolitical hurdles, particularly in China, because SpaceX is a major US defence contractor while Tesla operates wholly owned manufacturing facilities in China
SpaceX tightens supply chain rules, excludes Chinese nationals, components
SpaceX is carrying out detailed supplier audits and asking partners worldwide not to deploy Chinese nationals at factories making products for the company
 "SpaceX tightens supply chain rules, excludes Chinese nationals, components")
'X Money' launched for Premium X users across most US states: What to know
X Money's launch brings X one step closer to Musk's vision of turning the platform into an "everything app" that combines communications, payments, and everyday banking
 "'X Money' launched for Premium X users across most US states: What to know")
SpaceX launches Starship on 13th test flight with most advanced Starlinks
The world's biggest rocket lifted off from Texas after a last-minute abort last week, with Nasa watching closely as SpaceX tested Starship's lunar mission capabilities and deployed Starlink satellites
 "SpaceX launches Starship on 13th test flight with most advanced Starlinks")
Tesla's profit dips as spending for AI goals surged to $5.8 bn in Q2CY27
Tesla's profit fell as AI spending surged to $5.8 billion, leading to its first cash burn in two years despite stronger-than-expected revenue and EV sales
 "Tesla's profit dips as spending for AI goals surged to $5.8 bn in Q2CY27")
Musk's SpaceX in talks to provide computing power to Pentagon: Report
According to the report, SpaceX employees have discussed plans to compete more directly with neocloud firms such as CoreWeave by selling computing capacity
 "Musk's SpaceX in talks to provide computing power to Pentagon: Report")
SpaceX aborts Starship launch seconds before liftoff after engine issue
SpaceX aborted the 13th Starship test flight seconds before liftoff after some engines failed to ignite. The rocket was carrying next-generation Starlink satellites on the planned mission
Elon Musk likely broke law by giving voters $1 mn in Supreme Court election
The Wisconsin Elections Commission last week referred 2 complaints to Brown County district attorney's office, which can choose to bring criminal charges over violating state law against bribery
 "Elon Musk likely broke law by giving voters $1 mn in Supreme Court election")
OpenAI's feud with Musk's xAI carries on as Apple secrets fight revs up
OpenAI has asked a US court to award more than $1 million in legal costs after xAI's trade secrets lawsuit was dismissed, while Elon Musk's AI startup prepares to appeal the ruling
 "OpenAI's feud with Musk's xAI carries on as Apple secrets fight revs up")
SpaceX shares slip for third day, shedding $600 billion in market value
The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period
 "SpaceX shares slip for third day, shedding $600 billion in market value")
X suffers outage for thousands of users in US, shows Downdetector
More than 27,000 users reported problems accessing Elon Musk-owned social media platform X, according to outage-tracking website Downdetector
 "X suffers outage for thousands of users in US, shows Downdetector")
Capital gains don't deserve a special tax privilege if labour doesn't
There are also social risks that accompany huge bets on labour-saving technologies like AI and robotics
 "Capital gains don't deserve a special tax privilege if labour doesn't")
SpaceX deal with Cursor turns four MIT classmates into billionaires
SpaceX formally agreed to buy Cursor Tuesday in an all-stock deal that values the company at $60 billion
 "SpaceX deal with Cursor turns four MIT classmates into billionaires")
SpaceX overtakes Amazon in value to become 5th largest stock in world
At the stock's intraday high, the market value of Elon Musk's rocket and AI company topped Microsoft Corp. to briefly become the world's fourth-largest stock
 "SpaceX overtakes Amazon in value to become 5th largest stock in world")
US court rejects Musk's xAI suit accusing OpenAI of stealing trade secrets
The judge said asking job candidates to discuss their prior work was routine, and one could not infer that OpenAI pushed Li to leak anything confidential
 "US court rejects Musk's xAI suit accusing OpenAI of stealing trade secrets")
SpaceX surge further boosts this Saudi billionaire prince's fortune
Prince Alwaleed bin Talal's investment firm Kingdom Holding Co surged after SpaceX's share gains on its first day of trading drove the value of the Saudi firm's holding to almost $7 bn
 "SpaceX surge further boosts this Saudi billionaire prince's fortune")