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The Latest Breaking News from Elon Musk

Breaking 4 publishers covering this story in the last 6 hours

Elon Musk Says SpaceX Hits $100B 'If We Basically Did Nothing' — 'Nothing' Never Looked So Hard

Space Exploration Technologies Corp. (NASDAQ:SPCX) set one of the boldest financial targets of the earnings season on Tuesday, with CEO Elon Musk telling investors the company expects to reach a $100 billion annual recurring revenue (ARR) run rate by December. Then he added an even bolder qualifier.

Benzinga · Aug 5

Elon Musk Admits Moon Robot Plans Sound 'Totally Nuts' as SpaceX Shares Tank on Debut Earnings

SpaceX's earnings report reveals strong revenue but heavy AI spending, causing shares to drop. Elon Musk shifts focus to ambitious plans for Moon factories, sparking investor debate.

International Business Times UK · Aug 5

Why Did SpaceX Spend $295 Million on Tesla Batteries? The Latest Filing Offers a Clue as Elon Musk's Companies Grow Even More Intertwined

SpaceX (NASDAQ:SPCX) disclosed that it bought $295 million of Tesla Inc. (NASDAQ:TSLA) Megapack batteries during the second quarter, highlighting the circular flow of capital, hardware and equity across two of Elon Musk’s biggest companies.

Benzinga · Aug 5

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Former Tesla Board Member Says xAI Can 'Break In With the Big Boys' Anthropic, OpenAI and Google— but There’s a Catch

Former Tesla Inc. (NASDAQ:TSLA) board member Steve Westly said Elon Musk’s xAI could challenge Anthropic, OpenAI and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, but warned that entering artificial intelligence’s top tier will demand heavy spending and execution.

Benzinga · Aug 5

AMD Shares Crash Despite Q2 Beat as AI Spending Soars and Gaming Revenue Slumps

AMD stock fell as its Q2 beat was overshadowed by rising capex, gaming revenue declines, and Elon Musk declaring that SpaceX will fully commit to Nvidia over space data centres plans.

International Business Times UK · Aug 5

Elon Musk says SpaceX will exclusively use Nvidia GPUs 'because they are the best' — says optimized Vera Rubin NVL72 will be launched into space next year

Elon Musk's SpaceX and xAI will exclusive use Nvidia AI accelerators for training and inference as companies believe Vera Rubin is the best AI compute architecture available today.

Tom’s Hardware · Aug 5

Quote of the day by Elon Musk: 'One of the really tough things is figuring out what questions to ask. Once you figure out the question, then the answer is relatively easy'

Elon Musk points out that asking the right questions often proves to be more essential than simply seeking answers. By establishing clear inquiries, problem-solving becomes more streamlined. Hasty attempts to resolve issues without grasping the underlying problems can squandor important resources. Cultivating curiosity and critical thinking fosters breakthroughs and reveals…

The Times of India · Aug 5

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The real reason SpaceX shares are tanking after out-of-control rocket smashes into moon

The first financial report released by Elon Musk’s space and AI firm is having a bigger impact back on Earth

The Independent UK · Aug 5

S&P Futures Gain on Hopes for U.S.-Iran Deal; SpaceX and AMD Sink After Earnings

September S&P 500 E-Mini futures (ESU26) are up +0.37% this morning, signaling a new record high for the benchmark index as hopes for a U.S.-Iran deal to reopen the Strait of Hormuz continue to buoy sentiment.

Barchart · Aug 5

SpaceX Is 'Exclusive to Nvidia' for All Future AI Systems on Earth and in Space, Musk Says

SpaceX's stock dropped nearly 10% despite a surge in Q2 revenue and AI earnings. Explore the impact of rising AI capital expenditure and the upcoming insider share-lockup expiry on the stock market.

International Business Times UK · Aug 5

'Apple Is Getting This Wrong': OpenAI Says Wrong Person Was Contacted Before Lawsuit

OpenAI challenges Apple's trade secrets lawsuit, refuting claims of using confidential information and highlighting procedural errors. Discover the unfolding legal battle and its impact on Silicon Valley.

International Business Times UK · Aug 5

SpaceX posts 92% revenue surge, but stock tumbles 7% in after-hours. Here's why

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth in its Starlink and AI businesses. Despite the strong earnings, the stock fell in after-hours trading as investors reacted to a sharp rise…

The Economic Times · Aug 5

Elon Musk Mocks Bears as SpaceX Stock Jumps 9%, Beats Revenue Estimates: 'I Try to Warn Them'

SpaceX's stock performance is impacted by its latest financial results, short selling dynamics, and Elon Musk's strategic moves, as the company faces a crucial share unlock this Thursday.

International Business Times UK · Aug 5

SpaceX posts smaller-than-expected loss despite scrutiny over AI spending

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.

Euronews · Aug 5

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Benzinga · Aug 5

SpaceX CEO Elon Musk Thinks People Underestimate Starlink and That Is a 'Big Deal'

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk said Tuesday that people are underestimating Starlink’s long-term potential and believes the satellite internet network could eventually deliver a majority of the world’s internet traffic in less than a decade.

The Guardian - UK · Aug 5

Cost of filling up a tank of diesel reaches £100, as oil prices rise back above $80 a barrel again – as it happened

UK economy strengthens as service sector returns to growth and car sales jump

Benzinga · Aug 5

Elon Musk Ties Tesla's Optimus to Starlink's Next Growth Phase: 'The Appetite for Bandwidth Will Be Much Greater'

Elon Musk said on Tuesday that artificial intelligence (AI), humanoid robots and autonomous vehicles will dramatically increase demand for network bandwidth, arguing the world will need far more connectivity than ever before.

International Business Times UK · Aug 5

'Never Bet Against Elon': Peter Diamandis Believes SpaceX Could Reach $10 Trillion

Peter Diamandis says SpaceX could become the world's first $10 trillion company as Starlink, AI, reusable rockets, and vertical integration fuel its long-term growth.

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The Economic Times · Aug 5

Book recommendations by Elon Musk: Looking for your next read that helps you think like world's richest man? SpaceX founder suggests these 5 books on innovation, science and success

Elon Musk draws inspiration from diverse books for his innovative ventures. Peter Thiel's "Zero to One" guides transformative company building strategies. Nick Bostrom's "Superintelligence" highlights artificial intelligence risks and safety concerns. Biographies of Albert Einstein and Benjamin Franklin offer insights into genius. Sam Harris's "Lying" advocates for radical honesty in…

Benzinga · Aug 5

Elon Musk Pulls Forward $1 Trillion Revenue Target for SpaceX as Revenue Jumps 92% — 'There's a Non-Zero Chance…'

Elon Musk on Tuesday said that Space Exploration Technologies Corp.’s (NASDAQ:SPCX) in-house forecast for hitting $1 trillion in annual revenue has been pulled forward to 2030 from 2031.

Benzinga · Aug 5

Elon Musk Says He Tries to 'Warn' Short Sellers, but They Just 'Double Down' as SpaceX Short Interest Climbs to 34%

Space Exploration Technologies Corp. (NASDAQ:SPCX) reported stronger-than-expected first quarterly financial results as a public company, prompting CEO Elon Musk to mock short sellers after bearish bets against the stock climbed to about one-third of its public float ahead of the earnings.

Fortune · Aug 5

Elon Musk delivers ‘totally nuts’ plan for moon robots and $1 trillion revenue target, but capex tanks SpaceX on debut earnings

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

Fortune · Aug 4

Elon Musk says SpaceX data centers will crush competitors because its rocket scientists are like the Yankees ‘playing a Little League team’

Musk said the rocket scientists behind SpaceX’s reusable rockets give the company an edge in building AI data centers as rivals race to expand compute capacity.

Space · Aug 4

SpaceX wants to launch next Starship this month (and catch it, too), Elon Musk says in 1st earnings call since historic IPO

SpaceX plans to notch some big milestones on the next test flight of its Starship megarocket, which is tentatively scheduled for late August.

International Business Times UK · Aug 4

'The Irony Is Too Much': Elon Musk Mocks NYC Grocery ID Row as Mayor's Office Denies Mandatory Checks

Elon Musk and conservatives mocked reports of an ID requirement for NYC's discount grocery stores. Mayor Mamdani denied the claims, clarifying no ID is needed, aiming to keep groceries accessible.

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