Elon Musk

The SEC also said in a footnote that the settlement if approved will allow Musk to publicly deny its accusations, reflecting a recent policy change governing defendants who settle enforcement actions

SpaceX, which submitted its IPO filing on May 20, is expected to start formal marketing of its offering next month

From the implications of warming US-China ties and the future of the Quad to fuel-pricing reforms, SpaceX governance and youth discontent, here are today's key opinion pieces

SpaceX is targeting a valuation of at least $1.8 trillion in its IPO, potentially making it the largest public offering in history

It's not an accident that Apple's Steve Jobs, maybe the greatest of all high-tech founders and CEOs, had no need to shelter behind bespoke extra protections

SpaceX Starship launches are on hold pending an investigation into last week's test flight. The Federal Aviation Administration announced on Wednesday that the hourlong spaceflight resulted in a mishap based on the performance of the mega rocket's first-stage booster. Minutes after Starship blasted off from Texas on Friday, the booster separated as normal but engines conked out as it made its way back to Earth. Instead of a controlled splashdown in the Gulf of Mexico, the booster came in hard. There were no reports of injury or property damage, according to the FAA, which will oversee the company's investigation. The spacecraft continued around the world, releasing 20 mock satellites before ending the mission as planned with a fiery splashdown in the Indian Ocean. The 407-foot (124-metre) rocket is SpaceX CEO Elon Musk's biggest and most powerful Starship yet, designed to carry crews to Mars. NASA is looking for it to land astronauts on the moon as soon as 2028 and help build a lun

The filing showed that SpaceX has been aggressively investing in artificial intelligence (AI), Starlink satellites and future space missions

A US court victory against Elon Musk has removed one obstacle for OpenAI's IPO ambitions, but rising competition, copyright cases and safety concerns continue to mount

After prevailing in its court fight with Elon Musk, OpenAI - the ChatGPT maker valued at $852 billion - remains on track for what could be one of the largest initial public offerings in history. Musk had been seeking the ouster of his fellow OpenAI co-founder, CEO Sam Altman, among other changes to the company. But with testimony from witnesses who called Altman dishonest, he's hardly emerged unscathed. At a time of growing concern about artificial intelligence's impacts, the landmark trial also shed new light on the flaws and outsize ambitions of the small number of billionaires steering the development of the breakthrough technology. The trial was a reminder, said Sarah Kreps, director of Cornell University's Tech Policy Institute, "of how much the future of AI still depends on a remarkably small group of powerful tech figures and their personal rivalries". "The trial highlighted not just a dispute between Musk and Altman, but a broader disconnect between the people building thes

A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence's development for the good of humanity. Musk, the world's richest man, was a co-founder of OpenAI, which launched in 2015 and went on to create ChatGPT. After investing $38 million in its first years, Musk accused OpenAI CEO Sam Altman and his top deputy of shifting into a moneymaking mode behind his back. The nine-person jury found that Musk waited too long to file his lawsuit and missed the deadline for the statute of limitations. The jury had deliberated only two hours. The jury served in an advisory role, but Judge Yvonne Gonzalez Rogers accepted the verdict Monday as the court's own and dismissed Musk's claims. The three-week trial in Oakland, California shed light on the bitter falling-out between the two Silicon Valley titans and the beginnings of OpenAI, no

SpaceX could file publicly for a record-breaking IPO next week at a valuation exceeding $2 trillion

The artificial intelligence model, which is in early testing and only available for paying subscribers, is the startup's initial push into professional coding

OpenAI has said the organization is stronger as a for-profit entity, including the nonprofit that is now a shareholder of the corporation, and that Musk simply wanted control

While Tesla is being hit by local electric vehicle makers on technology and price, the company and Musk remain influential in China

The testimony comes in 3rd week of a trial that could determine the future of OpenAI, which has been raising billions of dollars from investors to build its computing power ahead of potential IPO

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

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

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

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

Greg Brockman, OpenAI's president and CEO Sam Altman's top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly USD 30 billion. Brockman, who also said he did not personally invest any money in OpenAI, was testifying Monday in the trial that centres on the company's 2015 founding as a nonprofit startup primarily funded by Elon Musk before evolving into a capitalistic venture now valued at USD 852 billion. Brockman's disclosure would put him on the Forbes list of the world's richest people, with wealth comparable to Melinda French Gates. 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. The lawsuit alleges they shifted into a moneymaking mode behind Musk's back. Late Sunday, OpenAI lawyers tried to admit as evidence a text message Musk sent to Brockman two days before the trial began. ...