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Billionaire in interview with the Economist admits he was too consumed by politics and shares predictions about AIElon 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 person, and […]
Newly minted rich and those anticipating huge IPOs are fueling buying and charter spree in the private jet sectorSign up for the Breaking News US newsletter email Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for
SpaceX and AI startup wealth fuels demand for private jets Read More »
Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaireElon 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 as
Elon Musk loses trillionaire status as SpaceX and Tesla stock drops Read More »
Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to votersHi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in
Will California’s billionaire tax proposal make it to ballots? Read More »
Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to votersHi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in
Will California’s billionaire tax proposal make it to ballots? Read More »
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accountsElon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn.Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US
‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings Read More »
SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI.
SpaceX acquires AI coding platform Cursor for $60 billion Read More »
Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised
SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation Read More »
IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future Hi and welcome to TechScape. Nick Robins-Early here, US tech and power reporter at the Guardian. I’m filling in for your usual host Blake Montgomery, who is out this
Elon Musk’s unprecendented accumulation of wealth Read More »
Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded. The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the
SpaceX is now a public company valued for its AI potential, so what comes next? Read More »
