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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

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

Is SpaceX worth $1.77 trillion? Some investors call it 'pie in the sky'

Elon Musk's rocket company is spending big and losing money, raising questions about whether it can justify its valuation for its blockbuster initial public offering

Updated On: 12 Jun 2026 | 8:49 AM IST

Musk's SpaceX raises record $75 bn in world's biggest IPO at $135 a share

The sale breaks the previous record for the largest-ever IPO held by state-run oil giant Saudi Aramco, which raised $25.6 billion on Riyadh's exchange in December 2019, valuing it at $1.71 trillion

Updated On: 12 Jun 2026 | 7:46 AM IST

SpaceX IPO propels Elon Musk to world's first trillionaire status

SpaceX, the satellite and AI company that together with electric-car maker Tesla form the center of Musk's empire, raised a record $75 billion in its initial ‌public offering on Thursday

Updated On: 12 Jun 2026 | 7:32 AM IST

SpaceX IPO explained: Share price, valuation and risks for investors

SpaceX is set for one of Wall Street's biggest IPOs, aiming to raise $75 billion. What does the listing mean, and can Indian investors buy shares?

Updated On: 11 Jun 2026 | 2:20 PM IST

Talks with India remain productive, awaiting final clearance, says Starlink

Starlink has already secured a licence to offer satellite broadband services in India and has established ground infrastructure to meet regulatory and enforcement requirements

Updated On: 10 Jun 2026 | 5:52 PM IST

SpaceX IPO marks the peak of AI euphoria, says Chris Wood of Jefferies

SpaceX is planning to sell 555.6 million shares at a fixed price $135 per share. This will raise $75 billion and value the company at $1.77 trillion.

Updated On: 09 Jun 2026 | 10:32 PM IST

Demand surges for SpaceX's record-setting IPO as orders top $10 billion

Banks leading the offering by SpaceX are expected to stop taking orders from institutional investors on Wednesday after the market closes in New York at 4 pm

Updated On: 09 Jun 2026 | 1:37 PM IST

SpaceX IPO fever sparks global hunt for aerospace, satellite stocks

With restrictions in parts of Asia on how retail investors may access the IPO, traders are scoping out regional suppliers to ride the SpaceX-driven rally

Updated On: 09 Jun 2026 | 12:24 PM IST

Gwynne Shotwell, the force behind SpaceX's rise and Musk's ambitions

As SpaceX prepares for a landmark IPO, president Gwynne Shotwell emerges as the executive who transformed Elon Musk's vision into a global space powerhouse

Updated On: 08 Jun 2026 | 6:25 PM IST

India's birth rate has fallen below replacement level, says Elon Musk

"India's birth rate has fallen below replacement. Among those most educated, India's birth rate fell below replacement many years ago," the billionaire said in a post on X

Updated On: 07 Jun 2026 | 6:22 AM IST