Elon Musk closes in on $1 trillion as SpaceX raises $75 billion. (Image created by GenAI with images by James Duncan Davidson | CC BY-NC 3.0 and SpaceX) Institutional investors piled into SpaceX, with demand for its stock at $135 a share – valuing the company at a world record listing price of $1.77 trillion…
SpaceX’s record US$75-billion public listing has made South African-born entrepreneur Elon Musk the world’s first dollar trillionaire – but US$1-trillion is a sum so gargantuan that it’s almost impossible to comprehend. How much is a trillion dollars? Let’s make it simple. Start with time. If US$1 equals one second, then a million seconds works out…
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
Published On 20 May 202620 May 2026 SpaceX has taken off the wraps off its IPO filing, opening the books of the company that has already revolutionised rocket technology, with even larger ambitions to colonise Mars and build AI data centres in space. A successful sale could value the company at a record-setting $1.75 trillion, which…
A US federal jury in Oakland, California, has ruled against Elon Musk in his high-profile lawsuit against OpenAI. The unanimous verdict found the artificial intelligence organization not liable for allegations that it strayed from its founding mission to develop safe AI for the benefit of humanity. The jury deliberated for less than two hours before…
OpenAI CEO Sam Altman and Elon Musk during the trial. Manuel Orbegozo/Reuters A US jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the AI company not liable to the world’s richest man for having allegedly strayed from its original mission to benefit humanity. In a unanimous verdict, the jury in…
OpenAI CEO Sam Altman. Shelby Tauber/Reuters OpenAI CEO Sam Altman on Tuesday rejected Elon Musk’s claim that he betrayed the ChatGPT maker’s founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it. In an August 2024 lawsuit, Musk accused Altman…
Intel has announced a strategic partnership to help Elon Musk design and construct his ambitious Terafab in Austin, Texas. The facility is a joint venture between Musk’s various enterprises, including Tesla, SpaceX, and xAI, dedicated to manufacturing the specialized hardware required for large-scale AI projects. Read: ShopriteX debuts Pixie, an AI assistant for Sixty60 First…
Hyperloop Transportation Technologies test facility in 2019 in Toulouse, France. Photo: Wikipedia user Ryn88668, 19 June 2019, under CC BY-SA 4.0 International licence In 2013, PayPal mafia don and head of Tesla and SpaceX Elon Musk got caught up in the libertarian opposition to California’s overdue, over-budget and under-delivering high-speed rail project. He called it…
Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach up…
