Elon Musk

Elon Musk's SpaceX completes $60 billion acquisition of AI startup Cursor

The deal became effective on Aug. 14, according to a regulatory filing, two months after SpaceX formally announced it had agreed to acquire the company.

S&P 500 CEO pay jumps to record as Musk-inspired compensation plans spread

Even excluding the CEO of Tesla and SpaceX , average compensation for chief executives in the S&P 500 soared 21% to $22.8 million in 2025

SpaceX shares surge 16%, near $135 IPO price again after $327 billion rally

Elon Musk-led company's stock has gained 23% in two sessions, adding over $327 billion to its market value despite lockup restrictions ending

Why SpaceX shares fell despite blockbuster earnings | Elon Musk | Business News

SpaceX delivered stronger-than-expected quarterly revenue in its first earnings report as a listed company. But instead of celebrating, investors focused on something else: the company's massive.

Zelenskyy seeks Trump's help to expand Starlink use for strikes in Russia

Ukrainian President Volodymyr Zelenskyy has pitched President Donald Trump and other American officials on helping Ukraine win permission from tech titan Elon Musk to use his Starlink satellite communications system to guide strikes inside Russia. The push for expanded use of Starlink comes as Zelenskyy looks for alternate ways to mitigate the need for US Patriot air defence systems to thwart the steady barrage of Russian missile and drone attacks on Ukrainian territory. The interceptors are in shorter supply as the US and Israeli war against Iran continues to rage, and Trump on Friday appeared to back away from a recent commitment to give Ukraine a license to produce them. Zelenskyy made the request directly to Trump in an Oval Office meeting this week during his whirlwind trip to Washington, according to one person familiar with the matter. He also told lawmakers later on Capitol Hill that he wanted Starlink to help with targeting inside Russia, according to a person in the room. .

Elon Musk dismisses report of Tesla's potential China business sale

Tesla and SpaceX merger can raise geopolitical hurdles, particularly in ​China, because SpaceX is a major US defence contractor while Tesla operates wholly owned manufacturing facilities in China

SpaceX tightens supply chain rules, excludes Chinese nationals, components

SpaceX is carrying out detailed supplier audits and asking partners worldwide not to deploy Chinese nationals at factories making products for the company

'X Money' launched for Premium X users across most US states: What to know

X Money's launch brings X one step closer to Musk's vision of turning the platform into an "everything app" that combines communications, payments, and everyday banking

Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?

Tesla's profit falls even after record sales: Is Elon Musk's empire cracking?

SpaceX launches Starship on 13th test flight with most advanced Starlinks

Towering 407 feet (124 metres), Starship soared from the company's base at the southern tip of Texas. NASA monitored the flight, a critical step toward using the Starship as a lunar lander for moon crews. Elon Musk's SpaceX replaced six of the 33 engines on the first-stage booster after they failed to ignite last week, resulting in a last-second launch abort. The previous Starship flight in May also experienced engine trouble, which prevented the booster from making a controlled return. It was the 13th flight of the world's biggest and most powerful rocket, and the second this year of the new version dubbed V3. Like the previous demo that climbed as high as 125 miles (200 kilometres), neither the booster nor spacecraft was being saved, instead ditching into the sea. The booster was bound for the Gulf of Mexico and the stainless steel, retro-looking spacecraft for the Indian Ocean more than 10,000 miles (16,000 kilometres) from where the hourlong flight began. The Starlinks had a job

Tesla's profit dips as spending for AI goals surged to $5.8 bn in Q2CY27

Tesla's profit fell as AI spending surged to $5.8 billion, leading to its first cash burn in two years despite stronger-than-expected revenue and EV sales

Musk's SpaceX in talks to provide computing power to Pentagon: Report

According to the ‌report, SpaceX employees have ​discussed plans to compete more directly with neocloud firms such ‌as CoreWeave by ​selling computing ‌capacity

SpaceX aborts Starship launch seconds before liftoff after engine issue

SpaceX's mega Starship rocket came within a few seconds of blasting off on a test flight, but some of the engines failed to start triggering a launch abort. Elon Musk's company said on Thursday that it will have to figure out what went wrong before making another attempt to send Starship on a space-skimming flight halfway around the world. It was supposed to be the 13th flight for Starship, which at 407 feet (124 metres) tall with 33 main engines is the world's biggest and most powerful rocket. Twenty of SpaceX's newest and most advanced Starlinks were on board Starship for release during the planned hourlong flight. The internet satellites were going to try communicating with Starlinks already in orbit while taking photos of Starship's heat shield. Neither the first-stage booster nor spacecraft were meant to be recovered, with both ending up in the sea. NASA is counting on Starship to land its astronauts on the moon in the next few years.

Elon Musk likely broke law by giving voters $1 mn in Supreme Court election

Billionaire Elon Musk likely broke Wisconsin law when he handed out USD 1 million checks to voters in the 2025 state Supreme Court election, a bipartisan panel has found. The Wisconsin Elections Commission last week referred two complaints to the Brown County district attorney's office, which can choose to bring criminal charges over violating the state law against election bribery. Prosecutors have 40 days to report back to the commission. Musk, the founder of SpaceX and CEO of Tesla, was deeply involved in the effort to flip majority control of the highest court in battleground Wisconsin. The tech titan and groups he supported spent at least USD 20 million on the candidate backed by Republicans, Brad Schimel. However, he lost by 10 percentage points to Democratic-backed candidate Susan Crawford. A month after the lopsided loss, Musk announced that he would be spending far less on political campaigns. Spending on the election topped USD 100 million, making it the most expensive ..

OpenAI's feud with Musk's xAI carries on as Apple secrets fight revs up

OpenAI has asked a US court to award more than $1 million in legal costs after xAI's trade secrets lawsuit was dismissed, while Elon Musk's AI startup prepares to appeal the ruling

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

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

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

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

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