The Crunch: Climate refugees, visualising Elon Musk’s wealth, and the many ways to analyse the World Cup Want to get this in your inbox every fortnight? Sign up for The Crunch here. The Guardian - AU · Jun 19
SpaceX stock price drop: Why is SpaceX share price crashing? Elon Musk-led over $2-trillion company could loss $150 billion SpaceX share price drop: Shares of other U.S. space companies were also down. Rocket Lab and Planet Labs dropped around 3 per cent, while AST SpaceMobile and Intuitive Machines declined around 7 per cent and 3 per cent, respectively. The Economic Times · Jun 19
Quote of the day by SpaceX CEO Elon Musk: "One of the biggest mistakes we made was trying to automate things that are super easy for a person to do" — remarks on where automation got it wrong Elon Musk has been a central figure in the AI and robotics build-out, with his company Tesla being one of the key players in the modern landscape TechRadar · Jun 18
Attorney general tells department to stop using X amid UK disinformation concerns Exclusive: Richard Hermer’s office understood to be first in government to restrict use after recent riots The Guardian - UK · Jun 18
AI 'Godfather' Voices Concern About a 'Big Bubble Explosion,' Slams Elon Musk's xAI The so-called "godfather of AI" called Elon Musk's xAI a "failure" while also voicing concerns about an AI "big bubble explosion." International Business Times · Jun 18
SpaceX bankers prepare for bond sale of at least $20 billion SpaceX is preparing to discuss a massive bond offering with investors. The company plans to raise at least $20 billion. This move follows its record initial public offering. The funds will refinance a significant bridge loan. This is SpaceX's first foray into issuing investment-grade US dollar bonds. The company is… The Economic Times · Jun 18
Block Stock’s Unusual Options Activity Offers Something for Both Bulls and Bears Block's overall options volume on Wednesday came in near its 30-day average, but five contracts stood out for unusual activity — all expiring within 15 days. They provide several affordable multi-leg setups worth considering from either side of the trade Barchart · Jun 18
Space startups seek insurance for orbital AI data centers Companies are exploring insurance for orbital AI data centers. This is a significant development for a new industry backed by Elon Musk's SpaceX and Jeff Bezos' Blue Origin. Securing insurance is vital for these ventures to move from concept to reality. Insurers are beginning discussions about coverage for these advanced… The Economic Times · Jun 18
Michael Burry Skips SpaceX Short Bet Over Expensive Options Pricing Michael Burry passed on betting against SpaceX stock, citing pricey options. Here is what the "Big Short" investor said about the company's near-$3 trillion valuation. Barchart · Jun 18
John Swinney 'won't apologise' to Elon Musk after trillionaire's 'misinformation' JOHN Swinney has insisted he will “make no apology” to Elon Musk after last year accusing the trillionaire of spreading misinformation about an… The National (Scotland) · Jun 18
Trump's 'Oligarchic Friends' Gain $210B In a Day: Bernie Sanders Says the Economy Is 'Insanely Rigged' Senator Bernie Sanders criticises the wealth surge of tech billionaires, highlighting economic struggles faced by American families amid inflation and poverty. International Business Times UK · Jun 18
Peter Thiel's Secret 'Dialog' Society Leak Exposes Elon Musk, Ted Cruz and Cory Booker Among 113 Names A coding error exposed 113 members of the secretive Dialog society, including Elon Musk and Ted Cruz, sparking debates on privacy and influence. International Business Times UK · Jun 18
Elon Musk's Baby Mama, Ashley St. Clair, Reveals Financial Crisis Despite His Claims of $500K Payments Conservative influencer Ashley St. Clair says she is 'getting evicted' from her $15,000‑a‑month New York flat and accuses Elon Musk of slashing child support to punish her. International Business Times UK · Jun 18
Trillionaire Elon Musk Makes $6.4 Billion Every Time SpaceX Stock Rises by $1 Elon Musk's net worth surpassed $1 trillion as the SpaceX stock gained 27% since debuting last week, with the trillionaire forecasting $1 trillion in revenue by 2031. International Business Times UK · Jun 18
Tom’s Hardware · Jun 18 Digital entrepreneur creates humorous 'physical NFT minting device' using a Raspberry Pi in quest for 'infinite money machine' — contraption trained on M3 MacBook can generate an NFT in 3 seconds, has so far sold one for $9.92 An enterprising young man aims to catch up with the collective wealth of Elon Musk, and his first money spinner is a portable NFT minting gadget.
The Guardian - AU · Jun 18 Gina Rinehart says Australia should give Elon Musk islands to launch satellites into space Billionaire also tells summit land could be given to skilled Israelis to build ‘advanced war drones’, according to Hancock Prospecting notes
The Economic Times · Jun 18 Two techies from India and Pakistan built an AI startup - Now both are billionaires thanks to Elon Musk. Here's all about Aman Sanger and Sualeh Asif Two young entrepreneurs, Aman Sanger from India and Sualeh Asif from Pakistan, have joined the billionaire ranks. Their company, Cursor, a popular AI coding assistant, was reportedly acquired by Elon Musk for $60 billion. This deal is expected to net each of them around $2.7 billion. Cursor, founded in 2022,…
Euronews · Jun 17 Row between Elon Musk and German broadcaster ZDF sparks major controversy German broadcaster ZDF has reacted to a cease-and-desist suit from Elon Musk, deleting a line from a programme intro over his links to UK right-wing activist Tommy Robinson.
Fortune · Jun 17 PayPal mafia member and ex–Sequoia steward Roelof Botha joins SpaceX board—reuniting with Elon Musk after decades Roelof Botha, who spent more than two decades at VC firm Sequoia Capital, first worked with Elon Musk at PayPal.
The Times of India · Jun 17 Who is Aman Sanger? Indian-American MIT graduate whose AI startup could boost his net worth to $2.6 billion after Cursor's $60 billion SpaceX deal At just 25, Aman Sanger has gone from an MIT student and squash enthusiast to one of the youngest billionaires in the AI industry, thanks to the meteoric rise of AI coding startup Cursor and its $60 billion acquisition by SpaceX.
International Business Times UK · Jun 17 Elon Musk's Insane 1 Billion-Share SpaceX Bonus Revealed After Smashed Warren Buffett's Records Elon Musk's latest SpaceX-driven surge has widened the gulf between him and Warren Buffett, with Forbes tracking a huge one-day jump in paper wealth.
The Guardian - UK · Jun 17 I once protested against the G7. I feel no need now, because it’s collapsing all by itself You cannot take a rules-based order seriously when only some of the participants are playing by the rules, says Guardian columnist Zoe Williams
The Independent UK · Jun 17 Bulletin world briefing: How Elon Musk’s Grok AI was used to strike Iran Pentagon admits using Elon Musk’s chatbot to launch strikes on Iran Huge 6.7-magnitude earthquake hits Sulawesi in Indonesia Asteroid named after firefighter who died in Hong Kong inferno Vietnam police rescue hundreds of stolen pet cats from meat trade Episodes of Bluey to be dubbed in Indigenous Australian language Get…
International Business Times UK · Jun 17 Elon Musk Just Made $33.6 Billion In A Single Day, The Internet Can't Believe It A market rally driven by US-Iran deal optimism added £247 billion to the wealth of the world's richest, with Elon Musk gaining £121 billion, largely due to SpaceX's performance.
International Business Times UK · Jun 17 Elon Musk's SpaceX Is Buying Cursor For 60 Billion Making Four Young Friends Billionaires SpaceX acquires AI startup Cursor for $60 billion, enhancing its position in enterprise AI. The deal highlights Musk's vision for software's role in SpaceX's future.