The Latest Breaking News from Elon Musk

Larry Ellison, Jack Dorsey and a Saudi Prince: The Surprise Winners of Spacex's IPO

SpaceX's IPO raised $75 billion, valuing the company at $2.2 trillion. It created nine new billionaires and 4,400 employee millionaires, highlighting unexpected stakeholders like Larry Ellison and Prince Alwaleed.

International Business Times UK · Jun 16

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

The Economic Times · Jun 16

Social media is awful but the UK under-16 ban won't solve anything: 'Instead of punishing children, the government needs to target the source'

PC Gamer's writers and editors tackle the impending ban on Snapchat, TikTok, YouTube, Instagram, X and Facebook.

PC Gamer · Jun 16

Elon Musk just made Warren Buffett’s entire net worth in a single day

Elon Musk’s net worth soared by a record $164 billion in a single day after SpaceX shares surged nearly 20%, pushing his fortune to $1.27 trillion. The gain alone exceeded Warren Buffett’s entire net worth, underscoring the extraordinary wealth creation driven by SpaceX’s blockbuster market debut.

The Economic Times · Jun 16

SpaceX at $2.1 Trillion Is 'Still Cheap', Investor Claims in $50 Trillion Thesis as Musk Responds

SpaceX's valuation debate intensifies as investors predict a potential worth of $50 trillion, driven by Starship's promise to lower space access costs and enable new industries.

International Business Times UK · Jun 16

Social media ban for children ‘no silver bullet’, minister says

Technology firms have hit back over the plan to ban under-16s from social media.

Evening Standard · Jun 16

Elon Musk never stopped believing today's impossibility can become tomorrow's reality: Anand Mahindra

Elon Musk has achieved a historic milestone becoming the world's first trillionaire after SpaceX's successful stock market debut. Mahindra Group Chairman Anand Mahindra lauded Musk's unwavering belief in transforming today's impossibilities into tomorrow's realities. Mahindra recalled supporting Musk during tough times in 2018, emphasizing that innovators are often judged during…

The Economic Times · Jun 16

Murdered MP Jo Cox would be deeply concerned by divisions in UK, says sister

Kim Leadbeater says it is crucial to ‘push back’ on divisive rhetoric and dangerous language.

Evening Standard · Jun 16

SpaceX Faces Major Lawsuit as Starship Tests Destroy Homes in Port Isabel and South Padre Island

Homeowners in South Texas are suing SpaceX, alleging that Starship rocket tests caused structural damage to their properties, including cracked walls and shifting foundations, due to sonic booms and vibrations.

International Business Times UK · Jun 16

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District ​Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

The Economic Times · Jun 16