Page 2 - Elon Musk

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

Elon Musk-led Starlink continues to be in active discussion with the Indian government and has received encouraging feedback on its capabilities to advance India's connectivity goals, a senior official of the satellite firm said on Wednesday. Starlink has applied for a licence to start satellite communications services in India. The government has issued a letter of intent to the company and the final license is awaited. "Starlink remains in active and productive discussions with the Government of India contrary to misleading stories based upon unsubstantiated claims from anonymous sources. We have worked with the Government through all of the required regulatory and compliance processes in a transparent and responsible manner," Lauren Dreyer, Vice President, Starlink Business Operations, said on social media platform X. Her post came in response to a source-based report that claimed India has effectively frozen approvals for Starlink to begin commercial operations, citing concerns

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.

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

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

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

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

SpaceX CEO Elon Musk on Saturday noted that India's birth rate has fallen below replacement. "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. Musk was quoting data by media outlet AF Post which said on the social media site that India's fertility rate has fallen below replacement for the first time in the country's history, "declining from a TFR (Total Fertility Rate) of 2.3 to 1.9 in just a decade. Delhi's fertility rate now sits at 1.2, lower than Finland's." AF Post cited a June 4 article from The Economist titled 'India's population will soon be falling-probably quite fast.' Last year, United Nations Population Fund (UNFPA) 2025 State of World Population (SOWP) Report said that India's total fertility rate has declined to 1.9 births per woman, falling below the replacement level of 2.1, which means that on average, Indian women are having fewer children th

It reflects 'compromises': US SEC defends settlement with Musk over Twitter

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

Danish pension fund blacklists SpaceX over 'catastrophic governance'

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

Best of BS Opinion: Quad relevance, fuel pricing, and a Cockroach Party

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 lowers IPO valuation target to at least $1.8 trillion

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

Founder supremacy is eroding the discipline of corporate governance

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 rockets grounded pending probe into test flight mishap

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

Elon Musk's SpaceX files for IPO: Inside revenue, losses, and future plans

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

OpenAI celebrates court win against Musk, but more challenges lie ahead

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

OpenAI avoids costly court loss to Elon Musk, but both sides left bruised

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

Court rejects Musk's claims against OpenAI, saying lawsuit filed too late

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

Elon Musk says he will not sell SpaceX stake ahead of planned IPO launch

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

Elon Musk's xAI unveils first coding agent in bid to rival Anthropic

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

Musk's lawyer challenges Altman's credibility as OpenAI trial nears end

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

China's view on Elon Musk: Visionary, occasional villain, still influential

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