The Latest Breaking News from Elon Musk

Elon Musk Takes Legal Action Against German Broadcaster Over Belfast Riots Claim

Elon Musk has launched legal action against German public broadcaster ZDF after the network aired a report linking him to anti-migrant unrest in Belfast, a claim the broadcaster has since partially retracted and amended.

Latin Times · Jun 17

AI will lead to labour shortages, Jeff Bezos says in optimistic talk

Bezos put forward a rosy vision of how technology will help humanity, speaking about projects including his space venture Blue Origin and his new ‌AI startup Prometheus, ⁠which ⁠is aimed at speeding up physical manufacturing. Bezos, the world's fourth-richest person with a net ⁠worth around $250 billion, argued that people…

The Economic Times · Jun 17

Dan Ives Predicts a Tesla-SpaceX Megamerger. Here’s What Investors Need to Know.

A merger of Elon Musk's companies would be valued at $3.6 trillion.

Barchart · Jun 17

SpaceX-Tesla Inc. is inching closer. Watch out, Nvidia?

That logic, and Musk’s dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acquirer, SpaceX — where Musk has far greater control and now derives the vast majority of his net worth — if Tesla became relatively cheaper.

The Economic Times · Jun 17

SpaceX overtakes Amazon to become the world's fifth most valuable company

Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world's fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.

Euronews · Jun 17

Pentagon Says Elon Musk's Grok Helped Deliver 2,000 Iran Strikes in 96 Hours

The Pentagon has revealed that Elon Musk's AI tool, Grok, was crucial in directing missile strikes in Iran, sparking debates on AI's role in warfare and civilian safety.

International Business Times UK · Jun 17

Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

The Times of India · Jun 17

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

International Business Times UK · Jun 17

Wednesday briefing: In a new era of far-right organising, how can we tackle hate?

In today’s newsletter: The far right are using social media to foster division, from Southampton to Belfast, but there are calls for clear and urgent ways to counter digital radicalism

The Guardian - UK · Jun 17

Can't Buy SpaceX? Wall Street Says EchoStar Could Be the Backdoor Bet as Analyst Sees $161 Share Price

EchoStar's valuation is soaring with a 37% upside, driven by its strategic SpaceX stake. Learn how this satellite firm offers a unique investment opportunity following SpaceX's record-breaking IPO.

International Business Times UK · Jun 17