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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

Nato intel suspects Russia developing weapon to target Starlink satellites

The thousands of low-orbiting satellites have been pivotal for Ukraine's survival against Russia's full-scale invasion, now in its fourth year

Updated On: 22 Dec 2025 | 12:30 PM IST

Elon Musk becomes first in world to get past $700 bn after Tesla pay ruling

The Delaware Supreme Court reinstated Tesla stock options worth $139 billion, lifting Musk's fortune to a record $749 billion and cementing his lead over the world's other billionaires

Updated On: 21 Dec 2025 | 9:47 AM IST

Tesla CEO Musk recovers $55 billion pay package in Delaware court ruling

With Musk still signaling discontent, Tesla upped the ante again this year by crafting another pay package that could pay him $1 trillion if he can lead the automaker down a road during next decade

Updated On: 20 Dec 2025 | 7:45 AM IST

In rare space mishap, Musk's Starlink loses contact with satellite in orbit

SpaceX says a Starlink satellite suffered an in-orbit anomaly, lost communications and vented propellant, releasing debris as it dropped altitude; it will re-enter within weeks

Updated On: 19 Dec 2025 | 5:07 PM IST

Top Trump aide says he has 'alcoholic's personality'; US President responds

In a Vanity Fair interview, White House Chief of Staff Susie Wiles suggested that Elon Musk is a 'drug user', and called US Vice President Vance a 'conspiracy theorist'

Updated On: 17 Dec 2025 | 12:13 PM IST

Musk's worth soars past $600 bn; richer than Bezos, Zuckerberg combined

Forbes' Real-Time Billionaires tracker showed Elon Musk's net worth climbing past $684 bn, a milestone no one has previously reached, after reports said SpaceX was preparing for a public listing

Updated On: 17 Dec 2025 | 9:26 AM IST

SpaceX prepares for IPO, insider share sale sets $800 billion valuation

In the letter dated December 12, Johnsen said SpaceX has approved an arrangement where new and existing investors and the company will buy up to $2.56 billion of shares from eligible shareholders

Updated On: 13 Dec 2025 | 1:36 PM IST

Elon Musk's Mars mission adds risk for investors to red-hot SpaceX IPO

Musk has always maintained that sending humans to Mars was his lifelong ambition

Updated On: 12 Dec 2025 | 11:07 PM IST

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information

Updated On: 10 Dec 2025 | 10:21 PM IST

How much will Starlink's monthly retail plans cost in India? Details here

Starlink plans to roll out satellite internet in India with retail plans targeting rural, maritime, aviation, and enterprise sectors after securing licences and regulatory approvals

Updated On: 10 Dec 2025 | 10:48 AM IST

Elon Musk calls for abolishing the EU after the bloc fined X for $140 mn

On December 5, the European Union issued a ruling against X, following a two-year investigation under the Digital Services Act (DSA), adopted in 2022 to regulate online platforms

Updated On: 09 Dec 2025 | 1:20 PM IST

Starlink yet to unveil India pricing, working to secure final govt approval

Experts say tariff for Indian residential users not aimed at mass market, unlikely to impact telcos

Updated On: 09 Dec 2025 | 6:26 AM IST

Starlink unveils monthly home plan pricing in India: Here's the breakdown

Starlink has announced monthly pricing for its residential subscription plan in India, signalling that the satellite broadband service is inching closer to rollout pending final regulatory approvals

Updated On: 08 Dec 2025 | 4:31 PM IST

SpaceX to offer insider shares at record-setting valuation of up to $800 bn

The latest figure would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion

Updated On: 06 Dec 2025 | 11:12 AM IST

EU fines Musk's X €120 mn as clash with US over free speech rules deepens

In doling out the first ever penalty under the Digital Services Act, the European Commission concluded that X's paid-for blue tick symbol misled users

Updated On: 06 Dec 2025 | 12:01 AM IST

Did Altman eye a SpaceX rival? What we know about the Stoke Space talks

Sam Altman explored investing in rocket maker Stoke Space, a move that would have placed him in direct competition with Elon Musk's SpaceX, but the talks stalled

Updated On: 04 Dec 2025 | 12:00 PM IST

'US benefited from talented Indians': Elon Musk on Nikhil Kamath's podcast

Speaking on Nikhil Kamath's podcast, Elon Musk said that while the H-1B visa programme has supported innovation in the US, certain companies have taken advantage of it

Updated On: 01 Dec 2025 | 9:34 AM IST

My partner is half-Indian, son's middle name honours S Chandrasekhar: Musk

One of my sons with her is, his middle name is Sekhar, after Chandrasekhar, Musk said in an interview with investor and entrepreneur Nikhil Kamath on his show People by WTF'

Updated On: 01 Dec 2025 | 6:42 AM IST

Tesla chooses suppliers based on quality, not country, says executive

Tesla's procurement decisions are based on quality, total cost, technical maturity and the continuity of long-term supply, Grace Tao, a Tesla vice president in China, wrote on Weibo

Updated On: 27 Nov 2025 | 11:02 AM IST

Trump admin fights attempt to get Elon Musk's testimony in DOGE case

The Justice Department has asked a federal judge in Maryland to block depositions of Musk and two former senior USAID officials, according to a recent court filing

Updated On: 25 Nov 2025 | 8:41 AM IST