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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

Musk says SpaceX raised $40 bn in debt deal, predicts neocloud shakeout

Musk, in a post on X, attributed the successful debt raise to the company's investment-grade status and revenue from its Starlink satellite internet and launch businesses

Updated On: 26 Oct 2026 | 9:32 PM IST

Musk says he was behind Starlink speed curbs after Ukraine service restored

Zelenskyy says satellite connectivity has returned to normal, while Elon Musk acknowledges SpaceX throttled Starlink over alleged violations of its terms of service by Ukraine's military

Updated On: 25 Oct 2026 | 7:55 AM IST

Ukraine says Starlink speed limits lifted after disruptions to military ops

Kyiv said Starshield connections were stable in overnight tests, with speed limits raised to above 400 kmph from 161 kmph in recent days, after disruptions to drone missions and military logistics

Updated On: 24 Oct 2026 | 3:08 PM IST

Musk's donations top $445 million in push for Republicans in US midterms

The world's richest person put $77 million into America PAC, Federal Election Commission filings show, in an effort to elect Republicans in November midterm contests

Updated On: 23 Oct 2026 | 9:03 AM IST

Trump says Musk restored Ukraine's Starlink access, dodges call question

Ukraine uses Starlink for battlefield communications and drone operations. Restricting the satellite service ​hampered the country's attack and air defence drone missions against Russia

Updated On: 23 Oct 2026 | 8:47 AM IST

Trump admin offers mixed messages on limits to Ukraine's Starshield access

The limitations placed on Starshield last week alarmed Ukraine's military and government officials, with commanders reporting lost drones and disrupted missions

Updated On: 23 Oct 2026 | 8:17 AM IST

Tesla cuts capex plan to $20 billion, raising doubts over AI ambitions

Tesla cut its annual capital expenditure plan to around $20 billion from over $25 billion, raising concerns about delays in Elon Musk's AI, robotaxi and humanoid robotics ambitions.

Updated On: 23 Oct 2026 | 12:02 AM IST

Tesla Q3 profit falls 44% as $1.5 bn free cash flow lifts investor outlook

Tesla reported net income of $787 million in the third quarter, down 44% year-on-year, while free cash flow rose to $1.5 billion, exceeding expectations amid heavy artificial intelligence spending

Updated On: 22 Oct 2026 | 7:59 AM IST

Why Musk backs a $3.5 trillion Tesla-SpaceX merger and what it means

Elon Musk has backed a potential $3.5 trillion merger of SpaceX and Tesla, aiming to combine their AI, robotics, satellite and energy businesses, though regulatory and governance risks remain.

Updated On: 21 Oct 2026 | 10:46 PM IST

Musk ordered slowdown of Starlink service used by Ukraine's military

Ukraine uses Starlink ​for battlefield communications and drone ​operations. Restricting the satellite service hampered the country's attack and air defence drone ​missions against Russia

Updated On: 21 Oct 2026 | 8:21 AM IST

Tesla shareholders to vote on Musk's re-election, $158 bn pay on Dec 3

Tesla will hold its annual shareholder meeting on December 3, with votes on Elon Musk's re-election to the board, his reported 2025 compensation and the company's auditor

Updated On: 20 Oct 2026 | 2:00 PM IST

Elon Musk says he will gift SpaceX shares to 'every kid in America'

It's not clear how such share contributions would work, and Musk did not elaborate on his donation plans

Updated On: 19 Oct 2026 | 3:26 PM IST

OpenAI poaches another SpaceX sales lead for cybersecurity business

Graham Seamans, who led xAI's sales team since August 2025, joins OpenAI's cyber team as the ChatGPT maker expands enterprise sales and explores new revenue streams ahead of a potential public listing

Updated On: 17 Oct 2026 | 9:13 AM IST

Satcom row: Starlink says India infra has govt approvals, ready for launch

Musk-led Starlink says it has built dedicated infrastructure with requisite govt approvals after Reliance Industries welcomed satcom competition but stressed that all operators must comply with laws

Updated On: 17 Oct 2026 | 9:01 AM IST

Satcom row: Reliance welcomes competition, says Indian laws apply to all

Reliance Industries welcomed competition from Elon Musk's Starlink in India's satellite communications market but stressed that all operators must comply with Indian laws.

Updated On: 16 Oct 2026 | 11:45 PM IST

Tesla Roadster takes flight: Musk's new sports car flips, floats and stuns

Tesla has unveiled its redesigned Roadster with rocket thrusters, mid-air stunts and claimed 0-100 kmph acceleration in 0.81 seconds; the electric sports car is expected to launch in 2028

Updated On: 16 Oct 2026 | 10:13 AM IST

US says Trump didn't order curbs on Ukraine's access to SpaceX's Starshield

The statement pushes back against Ukrainian President Zelenskyy's claim that Trump and Elon Musk restricted access to the satellite technology, affecting Ukraine's ability to intercept Russian drones

Updated On: 16 Oct 2026 | 9:50 AM IST

Musk gives $158 mn to GOP super PAC for Texas Senate race, filings show

Musk has donated more than $330 mn in the current US election cycle, leading political donors from both parties, with the latest contributions appearing to target the very expensive Texas Senate race

Updated On: 16 Oct 2026 | 9:30 AM IST

Reliance rebuts Musk's allegations, says rules apply equally to all

Reliance said it welcomes domestic and foreign competition, stressing that all satellite service providers, including Jio, must follow the same regulatory approval process

Updated On: 16 Oct 2026 | 8:47 AM IST

Starlink restrictions in Ukraine disrupt military operations: What we know

Ukraine's military operations were disrupted by sudden Starlink restrictions, raising concerns over foreign control of satellite connectivity and national security risks

Updated On: 15 Oct 2026 | 11:21 AM IST