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The Latest Breaking News from Elon Musk

Billionaire Mark Cuban Jabs at Elon Musk on Explaining Why He Stopped Chasing Money: ‘How Much Money Do I Need? I’m Not Trying to Land on Mars’

Mark Cuban has never been shy about money. He sold Broadcast.com to Yahoo for $5.7 billion, spent two decades as one of the loudest owners in the NBA, and built a second act telling anyone who would listen how to get rich.

Barchart · Aug 3

SpaceX Q2 Earnings Preview: Expert Says Report ‘Less About The Numbers and More About Elon Musk’s Vision’

For the first time since going public with a record-breaking IPO, space giant SpaceX (NASDAQ:SPCX) will report quarterly financial results, with earnings set for Tuesday after market close.

Benzinga · Aug 3

SpaceX investors urge company to paint its rockets pink and rename them

‘Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?’

The Independent UK · Aug 3

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Did Elon Musk Sentence Millions to Death by Dismantling USAID?

The study cited by Rep. Ro Khanna as the basis for that claim is statistical nonsense.

Reason · Aug 3

Surging Short Interest in SpaceX Stock Sends Strong Signal to Wall Street

SpaceX's short interest has jumped to $24.6 billion ahead of earnings and a massive share unlock. Here is what it means for investors.

Barchart · Aug 3

SpaceX Could Burn Through Billions More as Elon Musk Ramps Up AI Spending With Tesla: Analyst Says Free Cash Flow is 'Just Not Part of the Story'

Space Exploration Technologies Corp. (NASDAQ:SPCX) is expected to significantly increase spending, partly driven by joint projects with Tesla Inc. (NASDAQ:TSLA), with analysts forecasting negative free cash flow.

Benzinga · Aug 3

Elon Musk's SpaceX Faces Its Biggest Public Test Yet As First Earnings Near

Space Exploration Technologies Corp. (NASDAQ:SPCX) stock fell about 2% in Monday’s premarket session as investors positioned ahead of the company’s first earnings report as a public company.

Benzinga · Aug 3

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SpaceX Won't Buy Verizon or AT&T: Analyst Says Elon Musk Will Build His Own Telco Instead

Combining telco businesses with SpaceX could dilute the company's growth profile, divert Starlink cash flows towards maintaining legacy infrastructure, and reduce the premium investors assign to its future technologies.

International Business Times UK · Aug 3

Trump administration moves to block public from enforcing environmental protection laws

Reducing rampant pollution across the United States was so important that when Congress passed many environmental protection laws, including the Clean Air Act, Clean Water Act and Safe Drinking Water Act, it didn’t want to leave enforcement only to the executive branch.

The Conversation · Aug 3

Elon Musk joins race to hire the best plumbers and engineers: All you need is 3 bullet points and a résumé

Future work at SpaceX, the company has indicated, includes establishing a lunar economy, mining asteroids, and energy production on Mars.

Fortune · Aug 3

SpaceX's first results put Elon Musk's AI spending under Wall Street's microscope

SpaceX's upcoming earnings report is set to provide insights into Starlink's profitability as it expands into AI and space initiatives. Analysts predict notable advancements in both the Starlink and AI sectors. Furthermore, the development of Starship will play a vital role in shaping the company's future. Investors are looking for…

The Economic Times · Aug 3

SpaceX's first results put Elon Musk's AI spending under Wall Street microscope

SpaceX is poised to reveal its next earnings report, signaling Starlink's profitability and its pivotal role in financing AI and space initiatives. Analysts predict notable advancements in Starlink and AI ventures for the April-June quarter. A key area of interest for investors is SpaceX's sizable investments in AI technology, while…

The Economic Times · Aug 3

SPCX Declines Over 50% From Post-IPO High: Charlie Bilello Warns of a 'Painful Reality Check'

Investment firm Creative Planning‘s Chief Market Strategist Charlie Bilello says that Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) decline shows the stock is suffering from a reality check many IPOs go through.

Benzinga · Aug 3

Russian planes fire a salvo of glide bombs at a southern Ukraine city, killing 1 and wounding dozens

Russian planes have dropped eight powerful glide bombs on a city in southern Ukraine, killing one person and wounding dozens, according to regional chief Ivan Fedorov

The Independent UK · Aug 3

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Benzinga · Aug 3

Thomas Massie Questions Timing of GOP-Backed $40 Million Morocco Funding After Ceuta Migrant Influx: 'Now They Are Acting Shocked'

Rep. Thomas Massie (R-KY) questioned the timing of GOP-backed funding for Morocco and accused fellow Republicans of hypocrisy following the migrant surge into Spain’s Ceuta enclave.

The Guardian - UK · Aug 3

The right hates The Odyssey because of its ‘wokeness’ – but it missed an even bigger threat to its worldview

The new film extols the value of a rules-based world order. That’s far more radical than any casting decision says Labour MP and classicist Peter Swallow

Benzinga · Aug 3

Ross Gerber Says Tesla's FSD 'Almost' Caused an Accident While Passing Emergency Vehicles: 'Still Has Major Issues'

Investor Ross Gerber reiterated his criticism of Elon Musk-led Tesla Inc.‘s (NASDAQ:TSLA) Full Self-Driving (FSD) system, saying that the technology still needs improvements compared to its rivals.

The Independent UK · Aug 3

Ukraine-Russia war latest: Five killed as Kyiv strikes warehouses including Wildberries facility, Russia says

More than 300 drones hit Russian cities and warehouses in overnight attacks, says its defence ministry

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Benzinga · Aug 3

SpaceX Investors Want a Pink Rocket and a Starship Named 'Shipy McShipface' Ahead of First Earnings: Top Questions for Elon Musk's Team Revealed

Ahead of Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) first public earnings report on Tuesday after the bell, investors submitted questions ranging from whether Starship could be painted pink or named “Shipy McShipface” to AI infrastructure, Starlink expansion and missions to Mars.

International Business Times · Aug 2

SpaceX Reports Q2 Numbers This Week. Investors Will Scramble For Major Cues

Along with SpaceX earnings, the market participants will be looking at the continued progress of its space and artificial intelligence (AI) companies. The focus would also be on the indicators about the growth of the Starlink satellite internet business.

International Business Times UK · Aug 2

Ex-Commissioner Says DOGE Ran Social Security 'Like a McDonald's' That Constantly Screams at Staff

Leland Dudek, former acting commissioner of Social Security, reveals the chaotic impact of Elon Musk's government-cutting team, likening their approach to running a fast-food chain.

Tom’s Hardware · Aug 2

SpaceXAI says it will remove all 69 of its unpermitted turbine power generators, but expects process to take a year — trailer-mounted generators to be replaced by 1.2GW power plant

These turbines have been the center of a lawsuit involving permits and pollution. While this is good news for the community, it will still take quite some time before they're fully removed from the premises.

The Economic Times · Aug 2

Will SpaceX paint its rocket pink? Investor questions go beyond Moon and Mars ahead of first results

Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.

The Times of India · Aug 2

Quote of the day by Elon Musk: Some people don't like change, but you need to embrace change if the alternative is disaster

Elon Musk, a leading figure in entrepreneurship, emphasizes the importance of change to sidestep potential crises. He played a key role in founding PayPal and has heavily invested in pioneering firms like SpaceX and Tesla, reshaping various fields. Musk aims to tackle pressing issues such as sustainable energy and space…

Creative Bloq · Aug 2

From tobacco to Tesla, how the subvertising has held up a mirror to some of the biggest brands

Anti-advertising can have an impact, and brands need to be aware of it.

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