Tag: elon musk

A SpaceX shuttle. (Official image)
Posted in Business

Elon Musk’s companies plan to build AI data centres, in space| Business News

The fact that two of Elon Musk’s companies are merging, has nothing to do purely with accounting or resources allocation or efficiency or any of…

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Tesla vehicles are show at a Tesla dealership in Buena Park, California. (Reuters)
Posted in Business

Tesla reports 61% drop in Q4 profit on lower EV sales, higher AI spending| Business News

Tesla Inc. has reported a 61% drop in fourth-quarter profits due to lower sales even as CEO Elon Musk doubles down on AI investments. Tesla…

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SpaceX told its employees in December it’s entering a quiet period and that they should refrain from discussing the IPO (AFP)
Posted in Business

Musk’s SpaceX lines up banks to lead IPO: Report| Business News

SpaceX has lined up four banks to lead its initial public offering, according to the Financial Times, as Elon Musk’s rocket and satellite firm moves…

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Elon Musk conducted a similar poll before he purchased X (formerly Twitter). (REUTERS)
Posted in Business

Elon Musk vs Ryanair controversy: Billionaire conducts poll, asks X if he should buy airline

Elon Musk has sparked fresh social media chatter after publishing a poll asking X users whether he should buy Ryanair, a move that reminded many…

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Microsoft CEO Satya Nadella (right) and OpenAI's Sam Altman. (AFP)
Posted in Business

OpenAI, Microsoft lose last chance to avoid a trial with Elon Musk| Business News

OpenAI Inc. and Microsoft failed to escape a trial over Elon Musk’s claims that Sam Altman’s startup betrayed its founding mission as a public charity…

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Grok has faced tremendous legal scrutiny in many countries following a deluge of non-consensual morphing of images. (Representative file photo)
Posted in Business

Putting Grok back in the bottle? Decoding how X claims it is taming misbehaving AI| Business News

After weeks of allowing X users to virtually undress women, often children, using the social media platform’s artificial intelligence (AI) chatbot Grok, Elon Musk’s X…

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Elon Musk is the world's richest person with a estimated net worth of $600 billion. (AP)
Posted in Business

Elon Musk net worth hits $600 billion as SpaceX preps for IPO, Forbes says| Business News

Elon Musk on Monday became the first person ever to have a net worth of $600 billion, according to Forbes, on the heels of reports…

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SpaceX’s faster path to IPO is in part fueled by the strength of its Starlink satellite internet service, as well as the development of its Starship Moon and Mars rocket. (Reuters)
Posted in Business

SpaceX eyes world’s largest IPO in 2026 for a valuation of $1.5 trillion| Business News

SpaceX is said to be moving ahead with plans to launch the world’s largest IPO in 2026, raising significantly more than $30 billion at a…

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Elon Musk's Neuralink taps FDA regulator who led division overseeing the startup
Posted in Startups

Elon Musk’s Neuralink taps FDA regulator who led division overseeing the startup

Elon Musk‘s brain implant company Neuralink has tapped a top U.S. health regulator responsible for overseeing the company and its competitors, according to a company…

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Elon Musk (left) and Nvidia CEO Jensen Huang (centre) are directed to greet the Saudi Crown Prince at the Royal Court in Riyadh on 13 May 2025. (File Photo/AFP)
Posted in Business

Elon Musk’s xAI, Nvidia announce 500 MW AI project for Saudi Arabia| Business News

Elon Musk said his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia with the kingdom’s state-backed AI venture…

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