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The Latest Breaking News from Elon Musk

Labour MP Jess Asato sues Elon Musk's xAI over deepfake bikini images in landmark UK AI lawsuit

British Labour MP Jess Asato is suing Elon Musk's xAI, alleging its Grok chatbot generated fake sexualised images of her. The High Court case could set a precedent for AI developer accountability, focusing on system design rather than solely user actions. This legal challenge arrives as governments worldwide grapple with…

The Times of India

MP sues Elon Musk's xAI after Grok chatbot makes fake sexual images

An MP has said she is suing Elon Musk’s xAI over the design of its Grok chatbot tool after it was used to create fake images of her in a bikini

The National (Scotland)

Indian corporations poised to become large brand owners in US: Oyo founder Ritesh Agarwal

Indian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyond Bollywood and IT. Technology is a key driver for this expansion. Ritesh Agarwal, founder of Oyo-parent firm PRISM, believes India's moment has arrived. Indian brands will soon be used…

The Economic Times

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Pakistan court upholds death penalty for 2 men who raped French woman in front of her children, Elon Musk's two-word reaction is viral

Pakistan's Lahore High Court has upheld the death sentences for two men convicted in a brutal 2020 gang-rape case. The horrific attack on a French-Pakistani woman and her children on a motorway sparked national outrage. Billionaire Elon Musk's praised the verdict and hailed Pakistan, saying that this is what should…

The Economic Times

A single new sentence in SpaceX's amended IPO filing could signal the biggest merger in history

A SpaceX-Tesla merger could be the endgame.

Fortune

SpaceX sets IPO price, valuing company at $1.75tn ahead of record debut

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.

Euronews

Jamie Dimon to pitch JPMorgan’s ultra-rich clients on SpaceX IPO

JPMorgan Chase CEO Jamie Dimon will discuss the upcoming SpaceX initial public offering with thousands of the bank's wealthy clients. This nationwide event involves SpaceX leaders and highlights the massive demand for what is expected to be the largest market debut. The company, formally Space Exploration Technologies Corp., targets a…

The Economic Times

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AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations

The Independent UK

SpaceX, the sprawling company targeting the stars, Mars and an IPO

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighboring planet. Musk, the South African-born serial entrepreneur, founded SpaceX when he was 30 years old.

The Economic Times

AAP Rolling News Bulletin June 4, 1130

AAP Rolling News Bulletin for June 4 at 1130

AAP

SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.

France 24

SpaceX targets biggest ever stock market debut, putting Musk on course to be trillionaire

IPO could raise up to $75bn, giving SpaceX market value of $1.75tn as it sets up Musk for extraordinary wealth

The Guardian - UK

SpaceX's public offering could make Musk a trillionaire

SpaceX's decision to publish a ‌price a week ahead of its landmark offering has few if any precedents among major US initial public ‌offerings.

AAP

SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation

The SpaceX filing starts the timer on a hot IPO summer complete with two other highly anticipated IPOs: Anthropic and OpenAI.

Fortune

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The Independent UK

SpaceX targets $135 IPO price with Elon Musk keeping 82.4% of company voting power

SpaceX stock is expected to be available on the Nasdaq beginning June 12

The Independent UK

Why Elon Musk’s SpaceX joining Wall Street could have a big impact on your 401K

The aerospace company, owned by the world’s richest person, is set to go public later this month

AAP

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire

Fortune

SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later

A top analyst says its IPO is overvalued and the best buying opportunity may come after insiders get the chance to sell.

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news in one place.

100's of premium titles.
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The Economic Times

Affluent Trump officials may get richer with SpaceX IPO, among them-Steve Witkoff

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at…

The Economic Times

SpaceX IPO date countdown begins: When is the SpaceX IPO and how can you buy SpaceX stock before the biggest IPO in market history?

The SpaceX IPO is shaping up to be one of the most anticipated financial events in modern market history. Reports suggest that Elon Musk’s aerospace giant could price its shares on June 11, with trading potentially beginning on June 12. If the proposed valuation holds, the SpaceX IPO could become…

The Guardian - UK

Labour MP sues Elon Musk’s xAI company over fake sexualised images

Jess Asato was portrayed wearing a bikini in Grok-generated images after she criticised creation of such non-consensual pictures

The Independent UK

Labour MP suing Elon Musk’s xAI over Grok deepfakes

Jess Asato said she filed a claim at the High Court on Wednesday in a bid to seek accountability for the design choices that allowed Grok to create such images

The Guardian - UK

We’d love to leave X, but sadly have little choice

Letters: Mat Watkinson and Keith Flett respond to Jonathan Liew’s article asking why many self-professed progressives still use Elon Musk’s social media platform

Barchart

SpaceX Aims To Be the Largest IPO Ever — But It Just Posted a $4.28 Billion Quarterly Loss

For many investors, the math isn't mathing on the SpaceX IPO. Here's what to know.

The Economic Times

2.4 million homes, 10,000 private jets & every NFL team: What all could Elon Musk buy as he edges closer to becoming world's first trillionaire?

Elon Musk Net Worth: Elon Musk's estimated net worth has reached around $970 billion, bringing him closer than anyone else in history to becoming the world's first trillionaire. Much of his wealth is tied to his stakes in SpaceX and Tesla, making his fortune larger than the annual economic output…

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