Page 48 - Latest Updates on Elon Musk
Elon Musk's political ascendancy stirs hopes of redemption for X banks
Banks typically sell such loans to investors soon after the deal is done, but in the case of X, which Musk bought for $44 billion in 2022, they have been stuck holding the debt
 "Elon Musk's political ascendancy stirs hopes of redemption for X banks")
SpaceX in talks to sell insider shares to boost valuation to around $255 bn
That would be a premium to the company's previous valuation of about $210 billion. It would also cement SpaceX's status as the most valuable private US company
 "SpaceX in talks to sell insider shares to boost valuation to around $255 bn")
Iranian official meets Musk in a possible step to ease tensions with Trump
Iran's UN Ambassador Amir Saeid Iravani met with Musk a Trump ally named this week
 "Iranian official meets Musk in a possible step to ease tensions with Trump")
Musk ramps up lawsuit against OpenAI, adding Microsoft, antitrust claims
Musk has a long-simmering opposition to OpenAI, a startup he co-founded and that has since become the face of generative AI through billions of dollars in funding from Microsoft
 "Musk ramps up lawsuit against OpenAI, adding Microsoft, antitrust claims")
Musk's SpaceX preparing to launch tender offer in Dec at $135 per share
Musk, the world's richest person, is expected to wield significant influence in Washington to secure favorable government treatment for his companies
 "Musk's SpaceX preparing to launch tender offer in Dec at $135 per share")
Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai
"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said
 "Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai")
Looking to work for the world's richest man? Musk's DOGE is now hiring
The Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, is now seeking applications and will review the top 1 per cent of applicants
Elon Musk meets Iran's UN envoy as Trump prepares for January takeover
US-Iran relations: Iranian diplomats described the discussions with the tech entrepreneur as 'positive' and 'good news'
 "Elon Musk meets Iran's UN envoy as Trump prepares for January takeover")
Bluesky attracts millions of users as they leave Musk's X after Trump win
X was called out by misinformation experts during the election for playing a central role in enabling the spread of false information about the critical battleground states
 "Bluesky attracts millions of users as they leave Musk's X after Trump win")
Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood
There is growing evidence of liquidity tightening in the US, Wood said, which raises a near-term risk to equities
 "Elon Musk cutting $2 trn in US spend is negative for markets: Chris Wood")
Over 115,000 users left X as Trump wins 2024 polls; Bluesky gains traction
After Donald Trump's 2024 election victory, X saw its largest US user exodus since Elon Musk's 2022 takeover. British news outlet The Guardian said it will no longer post from its X accounts
 "Over 115,000 users left X as Trump wins 2024 polls; Bluesky gains traction")
Here's why the Guardian quit Musk's X after US presidential elections
The Guardian announced on Wednesday that it would stop posting from its official editorial accounts on the platform
 "Here's why the Guardian quit Musk's X after US presidential elections")
Bigger than Musk's X, Seven & i's offer to rank among top buyout deals
A successful transaction would surpass what KKR & Co. and TPG Capital paid to take over Energy Future Holdings Corp., formerly known as TXU Corp
 "Bigger than Musk's X, Seven & i's offer to rank among top buyout deals")
UK's 'The Guardian' leaves X citing Musk's influence in US Prez poll
Further, it said that the recent US election underlined its view that X is a "toxic" platform and that Musk uses it to influence politics
 "UK's 'The Guardian' leaves X citing Musk's influence in US Prez poll")
How Elon Musk's US govt efficiency panel might work to save $2 trillion
Here is how this new panel, which will be headed up by Musk, the world's richest person, and former Republican Presidential candidate Vivek Ramaswamy, might work
Musk and Ramaswamy to join Trump's DOGE initiative to reshape US governance
Department of Government Efficiency or DOGE, a nod to Musk-backed Dogecoin, will work to "enhance" the US governance system by dismantling bureaucracy
 "Musk and Ramaswamy to join Trump's DOGE initiative to reshape US governance")
What is DOGE, and why is Elon Musk interested in the Trump administration?
The Department of Government Efficiency will work outside the federal structure to streamline governance by cutting regulations, reducing waste, and advising on key reforms
 "What is DOGE, and why is Elon Musk interested in the Trump administration?")
Elon Musk, Vivek Ramaswamy to lead Dept of Government Efficiency: Trump
Vivek Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year
 "Elon Musk, Vivek Ramaswamy to lead Dept of Government Efficiency: Trump")
Musk's Starlink has to comply with all rules for licence in India: Scindia
The minister said the satellite internet services provider is in process of completing all the requirements
Elon Musk's Super PAC spent $200 mn to boost Trump's presidential campaign
America PAC's onground work and Musk $1 million voters sweepstake played a crucial role in Donald Trump's outreach efforts
 "Elon Musk's Super PAC spent $200 mn to boost Trump's presidential campaign")