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Elon Musk

About Elon Musk

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Who is Elon Musk

Elon Musk is a South African-born American industrial engineer, entrepreneur, who co-founded Paypal and founded aerospace transportation services company SpaceX. He is also one of the early investors in Tesla, an electric car company, and now the Chief Executive Officer of the firm as well. With a $70.5 bn fortune, Musk sits comfortably at the 7th spot in the world's top 10 billionaires list.
Early years
 
Born in 1971, Elon Musk displayed an early talent in computers and video games and at the age of 12 created a video game code that earned him fame, as well as a fortune. He acquired a Canadian passport to avoid supporting apartheid in Africa at the time and also due to greater economic opportunities in the United States.
 
Paypal and SpaceX
 
Musk has created several successful firms since he left Stanford University in 1997. That year, he created the first company - Zip2. The firm,  which provided maps and business directories to online newspapers, was bought by Compaq in 1999. Then he created X.com which eventually merged with PayPal, which went public in 2001, and in 2002 eBay bought the firm for $1.5 bn. Musk in 2002, formed SpaceX and since then the aerospace firm has covered several milestones over the years. SpaceX became the first company to successfully relaunch and land at the first stage of an orbital rocket in late 2017. In 2020, SpaceX made history on May 30, after it flew NASA astronauts Doug Hurley and Bob Behnken, to space aboard its Crew Dragon spacecraft using a Falcon 9 rocket.
 
Tesla
 
In 2004, Musk invested heavily in Tesla, an electric car company as he believed electric vehicles to be the future of mobility. Two years after introducing the first car, Tesla, in 2008, introduced the Model S sedan, which was praised by automotive critics for its performance and design. The company eventually made him a billionaire at the age of 40 in 2012. Musk, as the CEO of Tesla, landed himself in several controversies which resulted in stocks tanking by a huge margin. In 2018, Musk ran into trouble after his tweet falsely claimed that he had secured funding and was considering taking Tesla private at $420 per share. It resulted in both him and Tesla paying a $20 million fine and Musk agreeing to step down as chairman of Tesla's board. However, despite controversies, Tesla stocks have continued to grow adding to his wealth

Latest Updates on Elon Musk

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

Updated On: 01 Aug 2026 | 7:55 AM IST

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

Updated On: 31 Jul 2026 | 11:07 AM IST

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

Updated On: 30 Jul 2026 | 3:51 PM IST

'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

Updated On: 28 Jul 2026 | 4:16 PM IST

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

Updated On: 25 Jul 2026 | 7:46 AM IST

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

Updated On: 23 Jul 2026 | 10:25 PM IST

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

Updated On: 19 Jul 2026 | 12:07 AM IST

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

Updated On: 17 Jul 2026 | 9:38 AM IST

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

Updated On: 15 Jul 2026 | 7:49 AM IST

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

Updated On: 14 Jul 2026 | 8:56 AM IST

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

Updated On: 23 Jun 2026 | 10:20 AM IST

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

Updated On: 22 Jun 2026 | 8:12 PM IST

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

Updated On: 19 Jun 2026 | 11:00 PM IST

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

Updated On: 17 Jun 2026 | 7:50 AM IST

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

Updated On: 17 Jun 2026 | 7:40 AM IST

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

Updated On: 16 Jun 2026 | 10:03 AM IST

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

Updated On: 14 Jun 2026 | 2:02 PM IST

As SpaceX makes Elon Musk trillionaire, some dissent on NYC's streets

The protest also echoed another critique that resonated with denizens of the capitalist set: the case against fast-tracking SpaceX into equity indexes

Updated On: 13 Jun 2026 | 7:43 AM IST

SpaceX blows past $2 trillion valuation as stock jumps 20% after record IPO

Shares will likely not trade until the middle of the trading day, as the exchange collects buy and sell orders and underwriters delay trading until supply and demand is balanced

Updated On: 12 Jun 2026 | 10:34 PM IST

As trillion-dollar fortune beckons Musk, how far behind are the rest

SpaceX's blockbuster IPO could make Elon Musk the world's first trillionaire. Here's a look at the wealthiest people globally and in India

Updated On: 12 Jun 2026 | 3:14 PM IST