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News
Elon Musk Reportedly Wants SpaceX to Swallow Tesla, But Beijing Fears He Will Hand Over Data on 2 Million Cars
1+ hour, 14+ min ago (377+ words) Elon Musk is reportedly exploring a plan to merge SpaceX with Tesla by carving out Tesla's China business, a move that could redraw the lines between his car, rocket and artificial intelligence empires while alarming officials in Beijing worried about…...
'That's Delusional': Senators Bash Elon Musk Claim That AI Will Do Away With Retirement Accounts
2+ hour, 13+ min ago (660+ words) Elon Musk's prediction that artificial intelligence will one day make retirement accounts unnecessary has met bipartisan scepticism on Capitol Hill, with lawmakers from both parties insisting Americans should continue saving for retirement despite rapid advances in AI. The debate gained…...
SpaceX vs Blue Origin: Why Musk's Record IPO Gave Bezos a $130B Valuation Rather Than Denting It
1+ day, 43+ min ago (625+ words) Elon Musk's SpaceX raised close to $86B (£64B) in June, the largest initial public offering (IPO) ever completed. The first thing that listing did to Jeff Bezos was make his own rocket company worth $130B (£97B). Blue Origin priced its first outside funding round…...
Elon Musk Commits Up to $120M to Republican Midterms: Sets Feud With Trump Aside for Major Election Push
1+ day, 4+ hour ago (566+ words) Elon Musk has authorised his super political action committee (PAC) to spend up to $120M (£90M) turning out Republican voters before the 3 November midterm elections. The commitment marks a year of open hostility with President Donald Trump. It restarts the operation that…...
Elon Musk Hits AI Firms Destroying Books for Training Data, Promises SpaceXAI Will Scan 'The Hard Way"
1+ day, 5+ hour ago (527+ words) Elon Musk has criticised the practice of destroying printed books to train artificial intelligence models, pledging that SpaceXAI will preserve rare volumes instead of sacrificing them for faster digitisation. The billionaire made the pledge after reports highlighted how some AI…...
Jaguar Land Rover to Axe Hundreds of Jobs as £1.9bn Cyber Attack Fallout Deepens
1+ day, 17+ hour ago (716+ words) Jaguar Land Rover (JLR) is set to cut nearly 300 jobs across its UK operations after last year's £1.9 billion cyber attack sent profits plunging from £2.5 billion to just £14 million and forced weeks of factory shutdowns. The company confirmed the redundancies this…...
Joy Reid Rips 'Idiot' Elon Musk for Buying, Not Inventing Tesla: Calls Cybertruck 'Sh*t"
4+ day, 8+ min ago (437+ words) Joy Reid has reignited debate over Elon Musk's role in Tesla's history after describing the billionaire as 'actually an idiot' and arguing that he 'didn't invent Tesla' but instead bought into the company after it had already been founded. Speaking…...
How Elon Musk Lost $600 Billion on Paper as SpaceX Stock Collapse Shocks Wall Street
4+ day, 9+ hour ago (649+ words) Elon Musk's extraordinary rise to an estimated $1.3 trillion fortune (around £977.6 billion) has unravelled almost as quickly as it began, with the billionaire's paper wealth shrinking by around $600 billion (£451 billion) in just weeks as SpaceX shares tumbled following the company's blockbuster…...
Elon Musk Makes an Ambitious $4BN Funding Push Weeks After His Fortune Lost Nearly $500BN
4+ day, 10+ hour ago (408+ words) The past month has delivered an unprecedented blow to Elon Musk's personal fortune. Data from Benzinga shows his net worth plummeted by roughly 37 per cent in just 30 days, shedding nearly $500 billion (£376 billion) to leave him at around $832 billion (£625.67 billion), down…...
'I Wish I Was Rich Enough': Peter Schiff Mocks Elon Musk After Brutal $100 Billion Weekly Loss
5+ day, 1+ hour ago (598+ words) Economic commentator Peter Schiff has publicly mocked tech billionaire Elon Musk after a brutal stock market rout wiped nearly $100 billion from his net worth in a single week. For market watchers tracking the volatile fortunes of the world's richest individuals,…...