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The Latest Breaking News from Elon Musk

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

Fortune

Trump’s DOJ defends Elon Musk-owned data center against NAACP lawsuit

IN FULL

The Independent UK

SpaceX strikes £45bn deal for AI coding firm as valuation rockets after IPO

Shares in SpaceX have rocketed since its hotly-anticipated IPO on Friday and news of the acquisition helped fuel a fresh uplift.

Evening Standard

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Trump’s DOJ defends Musk’s ‘Colossus’ data center despite claims it threatens Black communities

Elon Musk’s Grok platform provides ‘critical support for the Department of War’s military operations,’ the DOJ said

The Independent UK

SpaceX overtakes Amazon to become world’s fifth most valuable company

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor

The Guardian - UK

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now…

The Economic Times

Elon Musk Suffers Second Court Blow In A Month As Judge Throws Out xAI's Lawsuit Against OpenAI

Elon Musk's xAI loses a trade-secrets lawsuit against OpenAI as a federal judge dismisses the case, marking Musk's second legal defeat against OpenAI in a month.

International Business Times UK

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SpaceX Surges Past Microsoft And Becomes The Fourth Most-Valuable Company In The U.S.

SpaceX is now the fourth largest company in the U.S. by market capitalization in its third day of trading.

International Business Times

SpaceX IPO brings Starship to NYC | Space photo of the day for June 16, 2026

Elon Musk became the world's first trillionaire shortly after SpaceX debuted on the Nasdaq.

Space

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times

Elon Musk Shock: Democrat Claims Trillionaire Is 'Scared' To Face Subsidy Questions

Sen. Ed Markey reignites the debate over government subsidies for Elon Musk's Tesla and SpaceX, questioning their reliance on public support amid claims of independence and innovation.

International Business Times UK

Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

The Guardian - US

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Euronews

Trillionaire Claims Elon Musk's Quadrillionaire Status Is 'Not Impossible'

Elon Musk suggests becoming a quadrillionaire is possible with SpaceX's Moon and Mars factories, amid SpaceX's record IPO and discussions on future economies measured in mass and energy.

International Business Times UK

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Euronews

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

AAP

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

International Business Times UK

Larry Ellison, Jack Dorsey and a Saudi Prince: The Surprise Winners of Spacex's IPO

SpaceX's IPO raised $75 billion, valuing the company at $2.2 trillion. It created nine new billionaires and 4,400 employee millionaires, highlighting unexpected stakeholders like Larry Ellison and Prince Alwaleed.

The Economic Times

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

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PC Gamer

Social media is awful but the UK under-16 ban won't solve anything: 'Instead of punishing children, the government needs to target the source'

PC Gamer's writers and editors tackle the impending ban on Snapchat, TikTok, YouTube, Instagram, X and Facebook.

The Guardian - US

The era of trillionaires will be dire for democracy. Here is how we can fight back

There is a fundamental tension between extreme wealth and the very possibility of democracy. That’s because extreme wealth is always an extreme power

International Business Times UK

SpaceX Rally Adds More to Elon Musk's Wealth in a Day Than Buffett or Gates Built in a Lifetime

SpaceX's IPO, priced at $135 per share, raised $75 billion, valuing the company at $2.1 trillion. Shares surged, boosting Musk's net worth to $1.3 trillion, surpassing Buffett and Gates.

The Independent UK

Minister admits under-16s social media ban not a ‘silver bullet’ as Musk hits out at ‘censorship’

Liz Kendall, accepted that many children will succeed in getting around the ban but insisted the restriction would lead to a ‘significant change in behaviour’

The Guardian - UK

UK ministers lobby Trump to avert backlash against social media ban

No 10 is worried about retaliation from White House over restrictions on under-16s’ internet use

The Economic Times

Elon Musk just made Warren Buffett’s entire net worth in a single day

Elon Musk’s net worth soared by a record $164 billion in a single day after SpaceX shares surged nearly 20%, pushing his fortune to $1.27 trillion. The gain alone exceeded Warren Buffett’s entire net worth, underscoring the extraordinary wealth creation driven by SpaceX’s blockbuster market debut.

International Business Times UK

SpaceX at $2.1 Trillion Is 'Still Cheap', Investor Claims in $50 Trillion Thesis as Musk Responds

SpaceX's valuation debate intensifies as investors predict a potential worth of $50 trillion, driven by Starship's promise to lower space access costs and enable new industries.

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