The Latest Breaking News from Elon Musk

Elon Musk Wants Starlink To Take On T-Mobile, Verizon, AT&T—Here's Why That's Easier Said Than Done

SpaceX (NASDAQ:SPCX) President Gwynne Shotwell said on Tuesday’s earnings call that Starlink Mobile will begin service at the end of 2027, and that she expects to acquire “quite a few” customers from AT&T Inc. (NYSE:T), Verizon Communications (NYSE:VZ) and T-Mobile US (NASDAQ:TMUS).

Benzinga · Aug 7

Elon Musk's DOGE Allegedly Took Credit for Ongoing Work as Report Exposes Fake Billions in Savings

A damning GAO report reveals Elon Musk's DOGE overstated savings by billions, taking credit for pre-existing cuts and leaving major financial claims completely unsubstantiated.

International Business Times UK · Aug 7

T-Mobile's CEO Just Dismantled SpaceX's Starlink Mobile Ambitions as Musk's Firm Pours Billions Into Buying Spectrum: 'What's Their Differentiation?'

T-Mobile US Inc. (NASDAQ:TMUS) CEO Srini Gopalan dismissed the threat from Elon Musk’s planned Starlink Mobile service as "exaggerated," questioning why consumers would leave established carriers even as SpaceX (NASDAQ:SPCX) promises higher bandwidth, satellite coverage and a terrestrial network aimed at winning customers from T-Mobile, AT&T Inc. (NYSE:T) and Verizon…

Benzinga · Aug 7

US Stock Market: SpaceX shares gain as first lockup expiry more than doubles tradable float

SpaceX shares rose over 6% on Thursday in heavy trading, with more than $23 billion worth of shares changing hands — likely the busiest session since the company joined the Nasdaq 100 on July 7. The rally came despite the first of several scheduled lockup expiries, which more than doubled…

The Economic Times · Aug 7

Elon Musk Says SpaceX Will Consume Three Times More Terafab AI Compute Than Tesla

Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk says that the new Terafab semiconductor manufacturing facility in Grimes County, Texas, will serve both the Optimus robot and SpaceX’s “AI spacecraft”.

Benzinga · Aug 7

Eric Trump Defends SpaceX After Bloomberg Op-Ed Slams Starlink as 'Overpromising and Underdelivering'— Elon Musk Backs Him Up

On Thursday, Eric Trump pushed back against criticism of Space Exploration Technologies Corp’s (NASDAQ:SPCX) Starlink service, arguing the company’s broader achievements in space exploration far outweigh concerns raised in an Opinion column.

Benzinga · Aug 7

DOGE overstated savings on federal 'receipts' website, auditors find

Federal auditors found Elon Musk's government efficiency savings claims inaccurate. Many reported savings were for actions already underway before the agency began. The watchdog noted a lack of transparency in how savings were calculated. The agency's reported savings lacked supporting evidence, according to auditors. This data quality issue limits the…

The Economic Times · Aug 7

SpaceX Is a ‘Potential Generational Compounder,’ Morgan Stanley Says as $101 Billion Unlock Fails to Trigger Fresh Selloff

SpaceX (NASDAQ:SPCX) rose Thursday on the very day more than 900 million insider-held shares became eligible for sale, a tranche worth around $101 billion at midday prices.

Benzinga · Aug 6

Trump Vs. Musk: President Says EV Drivers ‘Have a Disease’

The relationship between Tesla Inc (NASDAQ:TSLA) CEO Elon Musk and President Donald Trump has been mostly positive since their notorious spat last year. After all, the billionaire poured hundreds of millions of dollars into Trump’s 2024 campaign and remains a key supporter today.

Benzinga · Aug 6

Bitcoin Stays Above $64,000 As A Huge SpaceX Stock Unlock Begins. Markets Watch The Development Closely

Bitcoin traded above $64,000 on Thursday after recovering from an early-week pullback, while investors turned their attention to a $101 billion SpaceX share unlock, declining AI-related stocks and upcoming earnings from SoftBank.

International Business Times · Aug 6