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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

Elon Musk, Sam Altman under fire over management styles in OpenAI trial

The trial, which just finished its second week, is revisiting OpenAI's arc from scrappy startup founded in 2015 to benefit humanity to behemoth now valued at almost $1 trillion

Updated On: 09 May 2026 | 8:03 AM IST

Why Musk's $60 billion Cursor bet is really about AI's 'last mile'

SpaceX has secured an option to acquire AI coding startup Anysphere for $60 billion, placing Elon Musk in the race to control how AI-powered software is built

Updated On: 07 May 2026 | 5:53 PM IST

Elon Musk weighed offering Sam Altman a Tesla board seat, jury told

Musk and his fellow OpenAI co-founders were then in the midst of negotiations about the future of the AI nonprofit and how they could secure enough funds to meet their computing needs

Updated On: 07 May 2026 | 8:17 AM IST

Elon Musk agrees to pay $1.5 million to settle SEC case over Twitter stake

An SEC spokesperson said the deal, if finalised, would be the largest penalty the agency has levied against an entity or individual for allegedly failing to file a beneficial ownership report on time

Updated On: 05 May 2026 | 8:00 AM IST

OpenAI prez Greg Brockman tells court his stake in firm is worth $30 bn

The civil lawsuit accuses Altman and Brockman of double-crossing Musk by straying from the San Francisco company's founding mission to be an altruistic steward of a revolutionary technology

Updated On: 05 May 2026 | 7:07 AM IST

What's holding back US satellite service provider Starlink's Indian foray?

Starlink's India entry faces delays over security clearance, FDI approval, and spectrum rules, even as the satellite broadband market gathers momentum

Updated On: 04 May 2026 | 10:16 PM IST

Elon Musk vs OpenAI: What lies at the heart of the court battle now?

In 2024, Elon Musk sued OpenAI, arguing that the company had breached its principles when it was founded in 2015

Updated On: 01 May 2026 | 12:05 PM IST

Elon Musk's Tesla compensation totals reaches $158 billion for 2025

Tesla reported the 2025 total in a regulatory filing Thursday, almost six months after more than 75% of voting shares supported the chief executive officer's massive stock award

Updated On: 01 May 2026 | 7:29 AM IST

Elon Musk testifies at trial that OpenAI's nonprofit status gave it 'halo'

OpenAI has said it created a for-profit entity to allow it to buy computing power and pay top scientists

Updated On: 29 Apr 2026 | 11:55 PM IST

Musk testifies he's suing OpenAI to stop Altman's 'looting' of a charity

The closely watched trial is the culmination of years of animosity and public feuding over the startup the three men worked together to found in 2015, before their relationship soured and they became

Updated On: 29 Apr 2026 | 7:21 AM IST

Musk lawyer says OpenAI stole charity as high-stakes trial begins

A defense lawyer will make an opening statement later on Tuesday. Musk, Altman and Brockman attended the trial

Updated On: 29 Apr 2026 | 12:27 AM IST

Google signs classified AI deal with Pentagon for defense works: Report

Classified networks are used to handle a wide range of sensitive work, including mission planning and weapons targeting

Updated On: 28 Apr 2026 | 7:56 PM IST

Musk, Altman to face off in trial that may decide future of OpenAI

Musk alleges Altman and other leaders at OpenAI enriched themselves by abandoning its altruistic principles and converting to a for-profit company with billions of dollars

Updated On: 27 Apr 2026 | 10:12 PM IST

Elon Musk, Sam Altman head to court in high-stakes showdown over AI

The trial centres on the 2015 birth of ChatGPT maker OpenAI as a nonprofit startup primarily funded by Musk before evolving into a capitalistic venture now valued at $852 billion

Updated On: 27 Apr 2026 | 2:16 PM IST

Musk vies to turn X into super app with banking tool nearing launch

X Money, a banking and payments platform built inside the social network X, is expected to make its early public access debut imminently, based on the timeframe offered by Musk last month

Updated On: 27 Apr 2026 | 12:16 AM IST

Elon Musk drops fraud claims against OpenAI, Altman ahead of trial

US District Judge agreed to Musk's request to 'streamline' the case, leaving just two claims to proceed to trial of the 26 included in his November 2024 complaint

Updated On: 25 Apr 2026 | 8:36 AM IST

At Elon Musk's SpaceX, AI is burning the cash that Starlink earns

While SpaceX's outlay is super-sized by most measures, it is dwarfed by Silicon Valley rivals

Updated On: 24 Apr 2026 | 10:26 PM IST

Tesla boosts spending plan to $25 billion amid Musk's AI, robotics push

The investments will be put toward a dramatic expansion of factory operations, including production of its Optimus humanoid robot, artificial intelligence initiatives and the Cybercab autonomous car

Updated On: 23 Apr 2026 | 8:29 AM IST

Tesla to spend $3 billion on research chip factory, use intel tech

The research facility will be built on the electric-vehicle maker's existing Giga Texas campus, Musk said Wednesday during the company's quarterly earnings call

Updated On: 23 Apr 2026 | 7:51 AM IST

SpaceX IPO filing shows Elon Musk to retain control via supervoting shares

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company's stock market debut

Updated On: 21 Apr 2026 | 11:00 PM IST