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The Latest Breaking News from Elon Musk

Elon Musk was the world's first trillionaire for 12 days

The run ended due to falling SpaceX stock and a Forbes accounting change.

Fortune

CEO of $8 billion Flexport blasts remote work as ‘white-collar fraud’ and a ‘total fantasy’ for highly paid employees

“The idea that I could do any work at my house is like a total fantasy,” said CEO Ryan Petersen.

Fortune

ISO launches draft standard for net zero framework

In this week’s edition of Economy and Society:

Ballotpedia

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White South Africans given conservative PragerU books on reverse racism and American flags when they arrive in US

Welcome kits could include books suggesting post-apartheid government ‘made race relations even worse’

The Independent UK

Michael Butler Tesla crash: 76-year-old grandmother killed after Tesla crashes into Texas home, but no charges against driver; Elon Musk responds

Michael Butler Tesla: A fatal crash in Texas, where a Tesla Model 3 slammed into a home killing a 76-year-old woman, has sparked a federal investigation into Tesla's driver-assistance technology. While the driver Micheal Butler, claims the system was active, Tesla asserts he manually accelerated. The victim's family has filed…

The Economic Times

Musk’s SpaceX adds billions in debt while cutting interest

Elon Musk's SpaceX has successfully issued $25 billion in investment-grade bonds, a move that consolidates debt from X and xAI while lowering annual interest costs. This strategic financial maneuver leverages SpaceX's strong revenue streams from Starlink and government contracts to support the ambitious, cash-burning AI ventures.

The Economic Times

Is Elon Musk Still a Trillionaire? SpaceX Filings Reveal Businessman Racked Up $12.7bn AI Bill Before Stock Plunge

Elon Musk's net worth falls below $1 trillion due to SpaceX's stock decline and AI investments, highlighting market volatility and investor concerns over long-term profitability.

International Business Times UK

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Elon Musk’s trillionaire status slips as SpaceX shares swing

He is now worth an estimated 962 billion dollars (£731.4 billion), as of the end of the day on Tuesday, Forbes said.

Evening Standard

The Real Cost of DOGE: Why Critics Say Elon Musk Can't Tweet His Way Out of the USAID Disaster

Elon Musk defends foreign aid cuts under DOGE amid accusations of potential humanitarian harm, sparking a debate over the balance between government efficiency and humanitarian costs.

International Business Times UK

Elon Musk Is No Longer a Trillionaire: $363 Billion Wipeout Ends Historic 11-Day Run

Elon Musk's net worth fell below $1 trillion as SpaceX shares dropped, erasing his brief trillionaire status. The decline highlights the volatility of Musk's wealth, heavily tied to SpaceX stock.

International Business Times UK

Elon Musk loses trillionaire status as SpaceX rally fades

Elon Musk's net worth has dipped below the trillion-dollar mark following a significant slump in SpaceX and Tesla shares. Just weeks after becoming the world's first trillionaire post-SpaceX's IPO, investor enthusiasm has waned. Despite recent volatility and concerns about AI valuations, credit agencies maintain a stable outlook on SpaceX's financial…

The Economic Times

Elon Musk's Grok AI Says Ethereum Hits $6,000 This Year. The Chart Says Prove It.

Elon Musk's Grok AI ran the numbers on Ethereum and came back with a target that treats years of brutal underperformance as the setup, not the warning.

International Business Times

Elon Musk Drug Allegations: Ex Ashley St. Clair Claims He Feared Fingernail Tests

Elon Musk's former partner Ashley St. Clair has alleged she saw him take psychedelic mushrooms and fear advanced drug tests, as the pair battle over custody of their son.

International Business Times UK

Elon Musk loses his trillionaire status – here’s why

IN FULL

The Independent UK

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The Economic Times

Elon Musk net worth declines below $1 trillion: World’s first trillionaire loses elite status as SpaceX stocks slide and Tesla slump hit fortune

Elon Musk net worth: Elon Musk's reign as the world's first trillionaire has been short-lived. A significant drop in SpaceX shares following its IPO, coupled with a dip in Tesla's stock, has seen his net worth plummet by hundreds of billions. While he remains the wealthiest individual globally, his fortune…

Whats Hot

Elon Musk Loses Brief “Trillionaire” Status as Tech Sell-Off Hits SpaceX and Tesla Shares

Elon Musk has reportedly slipped below the symbolic $1 trillion net worth mark after a sharp downturn in technology stocks, particularly affecting Tesla and SpaceX, according to Bloomberg’s Billionaires Index. His estimated wealth has fallen to around $957 billion following recent market volatility.

The Independent UK

Elon Musk is no longer a trillionaire as fortune drops after SpaceX sell-off

Continued weakness in SpaceX shares could threaten Musk’s wealth

International Business Times UK

Why SpaceX Stock Is Crashing: Thin Float and Lockup Fears Explained

SpaceX shares are falling due to thin float and upcoming lockup expirations, creating volatility for retail investors. Learn about the August sell-off and its potential impact.

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The Guardian - UK

‘You can’t make billions without hurting people’: Cory Doctorow on Elon Musk, the AI bubble and bosses’ cruel fantasies

The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in power

Fortune

Reid Hoffman says SpaceX ‘isn’t an AI company,’ xAI is ‘a complete train wreck’—and there’s room for both OpenAI and Anthropic

The LinkedIn cofounder and investor in both Anthropic and OpenAI offers his most pointed public assessment yet of Elon Musk’s AI ambitions.

Fortune

Tesla cofounder JB Straubel’s failed pitch to Elon Musk led to a $1.3 trillion success story

JB Straubel was the architect of Tesla’s core tech, but his first pitch to Elon Musk fell flat.

The Guardian - UK

Musk loses trillionaire status as SpaceX shares ‘come down to earth with a bump’ – as it happened

Rolling coverage of the latest economic and financial news, as drops in SpaceX and Tesla’s shares eat into Musk’s wealth

The Economic Times

Israel smuggled Starlink systems into Iran, former PM says

Former Israeli Prime Minister Naftali Bennett revealed he initiated smuggling Starlink receivers into Iran to aid anti-government protesters, aiming to ensure internet continuity. He criticized the current Israeli government for halting the plan, stating it left protesters without crucial infrastructure during unrest. Bennett urged regional nations to unite against Iran's…

We Got This Covered

76yo Texas woman killed after Tesla on autopilot crashes through her home, but Elon Musk says, ‘this was a high speed crash’

To Musk, the accident makes "no sense."

Reason

Rep. Ro Khanna Melts Down After Elon Musk Threatens To Sue

Robby Soave and Amber Duke discuss the recent online feud between Rep. Ro Khanna and Elon Musk.

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