The great AI sell off - a pause for thought, or a panic? Rockets and robots: the rise of financial fabulism The Independent UK · Jun 25
Elon Musk Pushes Back: 'This Makes No Sense' After Fatal Tesla Crash in Texas Elon Musk disputes claims that Tesla's Full Self-Driving software was involved in a fatal Texas crash, as investigations and lawsuits proceed International Business Times UK · Jun 25
Trump news at a glance: US president holds a rare bipartisan bill hostage Trump says he’ll sign housing bill aimed at lowering costs only after Senate passes restrictive voting measure – key US politics stories from Wednesday 24 June at a glance The Guardian - US · Jun 25
What is China’s SpaceSail, and could it rival Elon Musk’s Starlink? The company has just a few hundred satellites in low Earth orbit but has state backing and is already reportedly negotiating with dozens of countries The Guardian - AU · Jun 25
Elon Musk Just Called This Man a 'Genius' Over His Quote on Air Conditioning — But Who Was Lee Kuan Yew? Elon Musk's endorsement of Lee Kuan Yew as a 'genius' reignites interest in the Singaporean leader's governance strategies, highlighting the role of air conditioning in national development. International Business Times UK · Jun 24
US opens second federal investigation of deadly Tesla crash into Texas home Driver told authorities he had driver-assistance technology engaged before crash that killed 76-year-old Martha Avila The Guardian - US · Jun 24
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire The Guardian - US · Jun 24
Elon Musk was the world's first trillionaire for 12 days The run ended due to falling SpaceX stock and a Forbes accounting change. Fortune · Jun 24
CEO of $8 billion Flexport blasts remote work as ‘white-collar fraud’ and a ‘total fantasy’ for highly paid employees “The idea that I could do any work at my house is like a total fantasy,” said CEO Ryan Petersen. Fortune · Jun 24
ISO launches draft standard for net zero framework In this week’s edition of Economy and Society: Ballotpedia · Jun 24
White South Africans given conservative PragerU books on reverse racism and American flags when they arrive in US Welcome kits could include books suggesting post-apartheid government ‘made race relations even worse’ The Independent UK · Jun 24
Michael Butler Tesla crash: 76-year-old grandmother killed after Tesla crashes into Texas home, but no charges against driver; Elon Musk responds Michael Butler Tesla: A fatal crash in Texas, where a Tesla Model 3 slammed into a home killing a 76-year-old woman, has sparked a federal investigation into Tesla's driver-assistance technology. While the driver Micheal Butler, claims the system was active, Tesla asserts he manually accelerated. The victim's family has filed… The Economic Times · Jun 24
Musk’s SpaceX adds billions in debt while cutting interest Elon Musk's SpaceX has successfully issued $25 billion in investment-grade bonds, a move that consolidates debt from X and xAI while lowering annual interest costs. This strategic financial maneuver leverages SpaceX's strong revenue streams from Starlink and government contracts to support the ambitious, cash-burning AI ventures. The Economic Times · Jun 24
Is Elon Musk Still a Trillionaire? SpaceX Filings Reveal Businessman Racked Up $12.7bn AI Bill Before Stock Plunge Elon Musk's net worth falls below $1 trillion due to SpaceX's stock decline and AI investments, highlighting market volatility and investor concerns over long-term profitability. International Business Times UK · Jun 24
Evening Standard · Jun 24 Elon Musk’s trillionaire status slips as SpaceX shares swing He is now worth an estimated 962 billion dollars (£731.4 billion), as of the end of the day on Tuesday, Forbes said.
International Business Times UK · Jun 24 The Real Cost of DOGE: Why Critics Say Elon Musk Can't Tweet His Way Out of the USAID Disaster Elon Musk defends foreign aid cuts under DOGE amid accusations of potential humanitarian harm, sparking a debate over the balance between government efficiency and humanitarian costs.
International Business Times UK · Jun 24 Elon Musk Is No Longer a Trillionaire: $363 Billion Wipeout Ends Historic 11-Day Run Elon Musk's net worth fell below $1 trillion as SpaceX shares dropped, erasing his brief trillionaire status. The decline highlights the volatility of Musk's wealth, heavily tied to SpaceX stock.
The Economic Times · Jun 24 Elon Musk loses trillionaire status as SpaceX rally fades Elon Musk's net worth has dipped below the trillion-dollar mark following a significant slump in SpaceX and Tesla shares. Just weeks after becoming the world's first trillionaire post-SpaceX's IPO, investor enthusiasm has waned. Despite recent volatility and concerns about AI valuations, credit agencies maintain a stable outlook on SpaceX's financial…
International Business Times · Jun 24 Elon Musk's Grok AI Says Ethereum Hits $6,000 This Year. The Chart Says Prove It. Elon Musk's Grok AI ran the numbers on Ethereum and came back with a target that treats years of brutal underperformance as the setup, not the warning.
International Business Times UK · Jun 24 Elon Musk Drug Allegations: Ex Ashley St. Clair Claims He Feared Fingernail Tests Elon Musk's former partner Ashley St. Clair has alleged she saw him take psychedelic mushrooms and fear advanced drug tests, as the pair battle over custody of their son.
The Economic Times · Jun 24 Elon Musk net worth declines below $1 trillion: World’s first trillionaire loses elite status as SpaceX stocks slide and Tesla slump hit fortune Elon Musk net worth: Elon Musk's reign as the world's first trillionaire has been short-lived. A significant drop in SpaceX shares following its IPO, coupled with a dip in Tesla's stock, has seen his net worth plummet by hundreds of billions. While he remains the wealthiest individual globally, his fortune…
Whats Hot · Jun 24 Elon Musk Loses Brief “Trillionaire” Status as Tech Sell-Off Hits SpaceX and Tesla Shares Elon Musk has reportedly slipped below the symbolic $1 trillion net worth mark after a sharp downturn in technology stocks, particularly affecting Tesla and SpaceX, according to Bloomberg’s Billionaires Index. His estimated wealth has fallen to around $957 billion following recent market volatility.
The Independent UK · Jun 24 Elon Musk is no longer a trillionaire as fortune drops after SpaceX sell-off Continued weakness in SpaceX shares could threaten Musk’s wealth
International Business Times UK · Jun 24 Why SpaceX Stock Is Crashing: Thin Float and Lockup Fears Explained SpaceX shares are falling due to thin float and upcoming lockup expirations, creating volatility for retail investors. Learn about the August sell-off and its potential impact.