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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 restructures xAI's teams following co-founders' departure

The exits follow xAI's recent merger with SpaceX, a move that valued the combined company at $1.25 trillion

Updated On: 12 Feb 2026 | 8:28 AM IST

Russia, Iran accuse Elon Musk's Starlink of violating international law

The Starlink service has become a key communication link for Ukrainians fighting against Russia's invasion, as well as Iranian opposition forces that took to the streets last month

Updated On: 11 Feb 2026 | 8:45 AM IST

xAI co-founders Jimmy Ba, Tony Wu join exodus from Musk's AI startup

Wu announced his exit Monday in a post on X, without saying in the statement what he would be doing next. Ba followed a day later, saying it was his last day at xAI

Updated On: 11 Feb 2026 | 8:23 AM IST

Gujarat signs LoI with Starlink for satellite internet in remote areas

Chief Minister Bhupendra Patel said the agreement aims to improve high-speed internet access in areas where telecom infrastructure remains limited

Updated On: 09 Feb 2026 | 4:13 PM IST

SpaceX to prioritise building 'self-growing city' on Moon, says Musk

Musk's comments echo a Wall Street Journal report on Friday, stating that SpaceX has told investors it would prioritise going to the moon first and attempt a trip to Mars at a later time

Updated On: 09 Feb 2026 | 7:50 AM IST

Musk plans solar-powered AI data centres in space but doubts remain

To finance that effort, Musk combined SpaceX with his AI business on Monday and plans a big initial public offering of the combined company

Updated On: 05 Feb 2026 | 7:48 AM IST

'Political attack': Musk hits back after France raids X's office in Paris

French police raided X's Paris office as part of a probe into alleged misuse of algorithms and illegal data practices, prompting Elon Musk to call the action a 'political attack'

Updated On: 04 Feb 2026 | 3:48 PM IST

Sam Altman chalks up unusual succession plan for ChatGPT parent OpenAI

Sam Altman also addressed ongoing tensions with Musk and the frequent criticism Musk directs at OpenAI, particularly around safety

Updated On: 04 Feb 2026 | 1:34 PM IST

Elon Musk hits record $800 billion net worth after SpaceX-xAI merger

The SpaceX-xAI deal pushed Elon Musk's net worth past $800 billion, making him the richest person the world has ever seen

Updated On: 04 Feb 2026 | 9:16 AM IST

Musk's xAI merger with SpaceX poses bigger threat to OpenAI, Anthropic

Musk is attempting to supercharge his efforts to build more powerful AI systems with help from one of his most successful ventures

Updated On: 04 Feb 2026 | 8:20 AM IST

Paris prosecutor's cybercrime unit searches X office, Musk summoned

The raid is linked to a year-long investigation into suspected abuse of algorithms and fraudulent data extraction by X or its executives

Updated On: 03 Feb 2026 | 4:51 PM IST

Elon Musk merges SpaceX with his AI business at $1.25 trillion valuation

SpaceX had been planning an IPO that could raise as much as $50 billion, in what would be the biggest initial share sale to date

Updated On: 03 Feb 2026 | 7:25 AM IST

From Musk to former Prince: List of powerful people named in Epstein files

All have denied having anything to do with his sexual abuse of girls and young women yet some of them maintained friendships with Epstein, or developed them anew

Updated On: 02 Feb 2026 | 9:49 AM IST

What is Moltbook: Reddit-like social media platform where AI talks to AI

Moltbook, a new social media platform, is built only for AI agents, while humans are allowed to quietly watch

Updated On: 31 Jan 2026 | 12:16 PM IST

Wild party, planned visit, STD: What Epstein files reveal about Musk, Gates

The documents have revealed fresh details about Epstein's contacts with powerful people, including Tesla Chief Elon Musk, Microsoft Co-founder and philanthropist Bill Gates and US Commerce Secretary

Updated On: 31 Jan 2026 | 12:06 PM IST

Here's what the latest Epstein documents reveal about his high-profile ties

Deputy Attorney General Todd Blanche signalled that this would be the last major release of files related to Jeffrey Epstein

Updated On: 31 Jan 2026 | 8:14 AM IST

Elon Musk's Spacex weighs merger with Tesla or xAI ahead of IPO plans

Elon Musk's SpaceX is exploring a potential merger with Tesla or AI firm xAI, a move that could reshape its IPO plans and consolidate Musk's business empire

Updated On: 30 Jan 2026 | 10:55 PM IST

Why Tesla's AI shift is pushing Chinese EV rivals beyond just making cars

Tesla's move from carmaking to AI and robotics is influencing Chinese EV firms; companies like Xpeng and Nio are expanding into robots, chips and flying cars to stay competitive

Updated On: 30 Jan 2026 | 4:12 PM IST

Zuckerberg, Musk step up AI arms race with $155 billion spending blitz

Big Tech is unleashing a massive AI spending spree, with Meta and Tesla doubling down on capital expenditure even as chip shortages and bubble fears grow

Updated On: 29 Jan 2026 | 10:50 PM IST

Inside the feud between Musk and Khosla over 'racism': Where it started

After Khosla called out Musk over a racist comment in one of his earlier posts, Musk said his partner is half Indian and that his son is named after Indian physicist Chandrasekhar

Updated On: 29 Jan 2026 | 10:44 AM IST