A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. …
… Elon Musk’s rocket and Artificial Intellgience (AI) company pulled off the biggest initial public offering (IPO) in history when it joined New York’s Nasdaq stock exchange last week. …
For the first time investors can now buy and sell shares in Elon Musk’s Texas-based SpaceX, a company that is planning to colonise Mars and put artificial intelligence (AI) data centres in space. …
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. …
… Both OpenAI and Anthropic’s plans to list on the stock market follow those of SpaceX, the Elon Musk company set to debut on the Nasdaq on Friday at what the company expects will be a price per share valuing it at $1.75tn (£1.3tn). …
… That is why leading AI pioneers such as Geoffrey Hinton, scientists and technologists including Stephen Hawking, Bill Gates, Elon Musk and Steve Wozniak, and global leaders such as António Guterres and Pope Leo XIV, have urged that AI be developed responsibly and with safeguards …
Elon Musk’s SpaceX has released a suggested share price ahead of its planned listing, which would make it the largest initial public sale in history. …
A Texas woman is suing Tesla and a driver for at least $1m in damages after a Tesla Model 3 crashed into her family home, killing her 76-year-old mother. The lawsuit accuses Tesla of defective design and negligence, while Elon Musk and Tesla engineers disputed on social media that the autonomous driving technology was to blame.
A Texas woman is suing Tesla and a driver for at least $1m in damages after a Tesla Model 3 crashed into her family home, killing her 76-year-old mother. The lawsuit accuses Tesla of defective design and negligence, while Elon Musk and Tesla engineers disputed on social media that the autonomous driving technology was to blame.
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
Technology stocks tumbled on Tuesday as markets questioned whether corporate AI adoption can justify current valuations, with the Nasdaq falling about 3% and semiconductor firms like Nvidia and Intel hit hardest after a sustained three-month rally.
Namibia's communications regulator dismissed Starlink's appeal against the rejection of its telecommunications service and radio spectrum access license applications, citing the company's non-compliance with local ownership and control requirements under the Communications Act.
The National Highway Traffic Safety Administration has opened a formal inquiry into a June 19 crash in Texas in which a Tesla Model 3 sped off the road into a house, killing a 76-year-old woman inside. The driver reported the vehicle was operating with an automated driving assistance system at the time.
Amazon founder Jeff Bezos said at a Paris tech conference that AI will increase demand for human labour rather than replace workers, contradicting concerns from figures including former UK prime minister Rishi Sunak, who has warned of AI's impact on young people's job prospects.
The FBI thwarted a plot to attack a UFC event at the White House on Sunday, arresting five men across four US states. The alleged plan involved striking nearby buildings with explosive-laden drones and firing on "high value targets," with a second wave of attackers intended to storm the White House gate.
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.
German public broadcaster ZDF removed part of a report claiming Elon Musk called for migrants to be hunted in Northern Ireland, conceding the wording was "misleading." The report followed violence in Belfast triggered by a knife attack that prompted unrest and international attention.
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
A federal judge in San Francisco dismissed xAI's lawsuit accusing OpenAI of stealing trade secrets related to its Grok chatbot, ruling xAI failed to show OpenAI induced a former engineer to divulge confidential information. The dismissal marks Musk's second legal loss against OpenAI in four weeks.
SpaceX raised $85.7bn in total when it listed on Nasdaq, exceeding initial IPO proceeds of $75bn after underwriters exercised a greenshoe clause to sell an additional $10bn of shares in response to strong investor demand.
Elon Musk achieved trillionaire status on Friday with an estimated net worth of about $1.11 trillion, according to Bloomberg, driven by a record-breaking SpaceX stock market debut and the rising value of his stakes in Tesla and SpaceX over the past six years.
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
SpaceX has raised $75bn from financial firms ahead of its initial public offering on Friday, with shares priced at $135 each and an expected initial stock market value of nearly $1.8tn. If shares trade at or above that price, SpaceX will immediately become one of the most valuable public companies in the world.
OpenAI has filed confidentially with the US Securities and Exchange Commission to pursue a future initial public offering, following rival AI company Anthropic's announcement of a similar plan one week prior. Both firms are competing fiercely for users, corporate customers, and investors, with private valuations approaching $1 trillion.
Lawyer and public intellectual Ace Ankomah told SOS-Hermann Gmeiner International College graduates that young Africans must combine technological excellence with ethical values as artificial intelligence reshapes economies and politics, and that Africa should lead rather than follow in this global revolution.
Sir Keir Starmer has accused tech billionaire Elon Musk of "trying to whip up division" following the death of 18-year-old Henry Nowak, whose killer claimed he was the victim of a racist attack. Musk posted on X criticising police treatment of the teenager and comparing media coverage to the George Floyd case, prompting the PM to accuse him of interfering in British politics.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Jess Asato, Labour MP for Lowestoft, has filed legal action at the High Court against xAI over its Grok chatbot, which she says was used to create fake sexualized images of her in January. She is seeking damages and wants to establish legal precedent holding companies liable for AI system design choices.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
An opinion piece argues that AI, as a creation of human ingenuity, cannot replace humans because it is fundamentally dependent on human minds that program and govern it. Rather than wholesale replacement, AI serves to augment human capability and only replaces those who resist adaptation.
Anthropic, the company behind chatbot Claude, has filed confidential paperwork with the US Securities and Exchange Commission for an initial public offering this year, with a recently private valuation exceeding $965 billion. The move tests investor appetite for AI firms' valuations amid similar plans by SpaceX and reported consideration by rival OpenAI.
SpaceX'sxAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
Actress Lupita Nyong'o has responded to criticism of her casting as Helen of Troy in Christopher Nolan's The Odyssey, noting the story is mythological and stating the cast is representative of the world. Her casting has sparked debate, including criticism from figures like Elon Musk who claim it is inappropriate to cast a Black actress in the role.
SpaceX postponed its Starship rocket launch due to a malfunctioning hydraulic pin on the launch tower and plans another attempt on Friday. The delay comes as SpaceX prepares for a record-breaking stock market debut on Nasdaq, the largest IPO in Wall Street history, which could make Elon Musk the first-ever trillionaire.
SpaceX aims to reach 10,000 launches annually within five years, according to FAA Administrator Bryan Bedford, who met with SpaceX President Gwynne Shotwell. The FAA said it would need to see improved reliability before approving such an expansion, as SpaceX conducted 170 launches in 2025 deploying about 2,500 satellites.
Elon Musk's SpaceX has announced plans to go public on the US stock market under the ticker SPCX, in what could be the largest IPO in Wall Street history. The filing reveals SpaceX had $18.6bn in revenue last year but a net loss of $4.9bn, and with Musk's majority stake, the IPO could push his net worth above $1 trillion.
Elon Musk has lost or settled multiple lawsuits recently, including a Monday loss against OpenAI and Sam Altman, settlements with former Twitter/X executives and employees, a case brought by Twitter investors, and a lawsuit against advertisers. A law professor suggests his deep financial resources may allow him to continue aggressive litigation despite the losses.