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Elon Musk says he got ‘carried away’ with Trump – but still holds on to contentious political views
In interview, billionaire says instead of running ‘Doge’ he should’ve ‘worked on my companies’ and shares extreme predictions Elon Musk has admitted he became too consumed by politics during his volatile alliance with Donald Trump and his brief appointment as the president’s financial axman, running the so-called “department of government efficiency” (Doge). The world’s richest…
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire Elon Musk was no longer a trillionaire by the time markets closed on Wednesday. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET, Forbes listed Musk’s net worth…
SpaceX overtakes Amazon to become world’s fifth most valuable company
Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor SpaceX has overtaken Amazon to become the world’s fifth most valuable company days after its stock market debut. The milestone came as Elon Musk’s company agreed to buy the startup behind the AI-powered coding app Cursor for…
Musk’s xAI fired engineer for raising concerns about Grok chatbot, lawsuit claims
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot A former engineer at Elon Musk’s xAI who now heads a thinktank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses…
As the tech mega-IPO race heats up, has OpenAI missed its moment?
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’ A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer…
Nasa selects Jeff Bezos’s Blue Origin for first of three uncrewed lunar missions
Three lunar landings are planned for this year in preparation for the construction of a $20bn moon base Sign up for the Breaking News US newsletter email Nasa announced on Tuesday ambitious plans for three uncrewed lunar missions this year to kickstart construction of a $20bn moon base, and said it had chosen the Amazon…
Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors
IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirks SpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk’s flagship company.…
Pentagon inks deals with seven AI companies for classified military work
OpenAI, Google, Nvidia and others agreed to ‘any lawful use’ of their tech. Anthropic, feuding with Pentagon over potential AI misuse, was not included Sign up for the Breaking News US email to get newsletter alerts in your inbox The Pentagon said on Friday it had reached agreements with seven leading artificial intelligence (AI) companies:…
Amazon to buy satellite firm Globalstar for $11.57bn in challenge to Musk’s Starlink
Deal, subject to regulatory approval, would give Bezos firm access to Globalstar’s network of two dozen satellites Amazon said on Tuesday it would acquire a satellite company in an $11.57bn deal, bolstering its own fledgling space business as it looks to take on Elon Musk-led bigger rival Starlink. The deal gives Amazon access to Globalstar’s…
Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation
Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn Business live – latest updates SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that…