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The Latest Breaking News from Elon Musk

Hyundai Buys Out SoftBank Stake to Take Full Control of Boston Dynamics as Atlas Humanoid Robot Manufacturing Rollout Moves Closer

Hyundai Motor Co. Ltd. (OTC:HYMLF) will acquire SoftBank Group Corp.‘s (OTC:SFTBF) (OTC:SFTBY) remaining roughly 10% stake in Boston Dynamics, making the U.S. robotics company wholly owned as Hyundai prepares to deploy Atlas humanoids in automotive production.

Benzinga

SpaceX Just Landed in a Very Strange Place — Inside Value ETFs

SpaceX (NASDAQ:SPCX) has long been synonymous with high-growth investing, finding a natural home in innovation, technology and space-themed ETFs. But following its blockbuster public debut and subsequent inclusion in major equity benchmarks, Elon Musk’s rocket company has landed somewhere few investors would expect: inside value ETFs. According to Morningstar, SpaceX…

Benzinga

Elon Musk spent estimated $1 billion on an energy company to power xAI, filings reveal — APR Energy owns a fleet of trailer-mounted gas and diesel turbines capable of generating more than 1 gigawatt

An FTC document revealed that Elon Musk purchased APR Energy, a mobile natural gas and diesel turbine generator provider, for an estimated $1 billion. The deal wasn't announced publicly and was only discovered after the FTC filing.

Tom’s Hardware

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Elon Musk's xAI Is Suing a Grok User for Damages For Creating Sexualised AI Deepfakes of Children

Elon Musk's xAI sues a South Carolina man for allegedly using its chatbot, Grok, to create AI-generated child abuse material, seeking damages and a permanent ban.

International Business Times UK

Fears over foreign influence in France, as Musk backs Le Pen presidential bid

Billionaire Elon Musk has thrown his support behind far-right leader Marine Le Pen's bid for the French presidency, calling her "France's last hope", and prompting accusations of foreign interference in the 2027 election.

Radio France Internationale

SpaceX Slips Below Its $135 IPO Price: How Elon Musk's Company Lost Nearly $1B a Day Since Listing

SpaceX stock fell below its IPO price amid market volatility due to the upcoming stock lockup expiry and Starship test launches, but analysts remain optimistic on the company's growth potential.

International Business Times UK

Fifteen homes for the price of a city flat in Germany's mini-village

In Thuringia, Germany, an entire mini-village is up for sale for €390,000, including 15 buildings, but the dream comes with a catch.

Euronews

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Elon Musk loses trillionaire status as SpaceX stock deflates—and Wisconsin officials want him investigated for election 'bribery'

Everything you need to know before you reach the office this morning.

Fortune

'Marine Le Pen is France's last hope', says Musk amid interference claims

In a post on X on Wednesday, Elon Musk backed Marine Le Pen ahead of France’s presidential vote, prompting claims of foreign interference and electoral risk.

Euronews

Tesla Q2 Earnings: Elon Musk's Pay Package, Cybercab and Optimus Lead Top Investor Questions

As Elon Musk-led automaker Tesla Inc. (NASDAQ:TSLA) is set to hold its second-quarter earnings call with investors next week, here are some top questions investors have submitted for the EV giant’s management.

Benzinga

SpaceX's slide below IPO price risks turning blockbuster IPO into confidence test

SpaceX's stock has fallen below its initial public offering price. This development raises concerns about market valuations and investor sentiment. The company's performance could influence upcoming high-profile stock market debuts. Retail investors may face disappointment as the stock experiences volatility. Future listings will closely monitor SpaceX's ongoing price discovery process.

The Economic Times

Jeff Bezos’ Amazon is taking on Elon Musk on his home turf

Amazon indicated that the South African deal is the first step in its broader African expansion

The Independent UK

SpaceX (SPCX) Stock Falls Below $135 IPO Price

Space Exploration Technologies Corp (NASDAQ:SPCX) stock fell below its IPO price of $135 for the first time Wednesday, a symbolic threshold that is drawing fresh attention to the stock about a month after its market debut.

Benzinga

Elon Musk's xAI sues Grok user over sexualised 'deepfakes'

xAI alleged in the lawsuit, filed in federal court in Texas on Tuesday, ‌that Terry Harwood ⁠violated ⁠the company's terms of service. The case is one of the first brought by an AI company against one of its users for allegedly using an AI system to generate explicit material.

The Economic Times

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Tom’s Guide

Elon Musk's latest $1 billion purchase isn't AI chips — it’s gas turbines

Elon Musk reportedly spent $1 billion on a gas turbine company to help power Grok. Here's why electricity is becoming AI's next big bottleneck.

The Economic Times

SpaceX shares fall below IPO price for first time as post-listing excitement fades

SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader market pressure and risks tied to high-growth stocks. Despite strong initial demand, the company’s lack of profitability and early-stage projects continue to weigh on sentiment.

The Guardian - US

Wisconsin panel finds Elon Musk’s $1m state supreme court voter giveaway was likely illegal

Musk distributed money to three people before the 2025 election, which he claimed was critical to Trump’s agenda

The Independent UK

Amazon to launch its satellite internet in South Africa, seemingly beating out Musk in his homeland

Amazon says that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027

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Benzinga

Chamath Palihapitiya Sees ‘Very Obvious Industrial Logic’ in SpaceX Acquiring Tesla to Fund Elon Musk’s Broad Swath Of Projects

Venture capitalist Chamath Palihapitiya said on Tuesday that investors are overlooking a major near-term value driver for SpaceX (NASDAQ:SPCX), arguing that Elon Musk could create strategic and financial leverage by combining the space venture and Tesla Inc. (NASDAQ:TSLA) under one corporate structure.

International Business Times UK

'To Induce Them to Vote': Bipartisan Panel Rules Elon Musk's $1M Payouts Probable Voter Bribery

Elon Musk's $1 million payments to Wisconsin voters during the 2025 Supreme Court race have led to legal challenges, with the state's elections commission finding probable cause of election bribery.

International Business Times

Sam Altman Says Demand For ChatGPT's New Sol Model is Surging. It May Be Causing Some Issues

The capacity concerns emerged less than a week after OpenAI broadly released Sol alongside two smaller models following a limited government-reviewed rollout.

International Business Times

Elon Musk Promised People In Wisconsin $1 Million To Vote. Now He Might Face Criminal Charges For It

Elon Musk might have violated Wisconsin election laws when he offered $1 million checks to voters during a state Supreme Court election in 2025.

Tom’s Hardware

Elon Musk's Starlink releases smaller and lighter V5 residential kit — offers speeds of up to 375 Mbps and almost half the power consumption of V4

Starlink just released a new generation of its Starlink terminal, which reduces its weight by more than 50% and is significantly smaller, too. This should make it easier to install, especially for DIY-ers, but comes with a tiny speed penalty.

International Business Times UK

Did Elon Musk Really Break the Law With $1M Voter Giveaways? Wisconsin DA Now Weighs Criminal Charges

Elon Musk faces potential bribery charges in Wisconsin after allegedly offering $1M voter cheques during a court race. Discover the legal stakes and election details.

Benzinga

Elon Musk Faces Possible Election Bribery Charges in Wisconsin Over $1 Million Voter Giveaway

Billionaire Elon Musk may be charged with violating Wisconsin’s election bribery law, according to the state’s Elections Commission.

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