Elon Musk's SpaceX cuts its IPO target to $1.8 trillion after a $4.28 billion Q1 loss
SpaceX lowered its IPO target to $1.8 trillion after a $4.28 billion Q1 loss, but retail investors have poured $14 billion into proxy funds since December.
Elon Musk
Elon Musk was paid $132.3 billion in 2025. The typical S&P 500 CEO got $17.7 million. The gap is breathtaking
Elon Musk received a $132.3 billion Tesla stock award in 2025, dwarfing the next-largest package by a factor of 160, as average S&P 500 CEO compensation rose 6% to $17.7 million while median worker pay reached $89,744.
Elon Musk's SpaceX has a secret weapon: Anthropic is paying it $1.25 billion a month to keep training its AI
Anthropic is paying SpaceX $1.25 billion a month for access to its Colossus supercomputing clusters through May 2029, a $15 billion annual deal disclosed in SpaceX's S-1 that transforms the IPO's investment case beyond rockets and satellites.
Elon Musk is taking SpaceX public on June 12 and it could be the largest IPO in the history of financial markets
Elon Musk's SpaceX has filed its S-1 prospectus with the SEC for a June 12 Nasdaq debut targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would shatter every IPO record in history.
SpaceX IPO will make Elon Musk a trillionaire and mint at least four new billionaires from his inner circle
SpaceX filed for a $2 trillion IPO that will make Elon Musk the world's first trillionaire and turn at least four of his close allies into billionaires.
Elon Musk closes Twitter SEC case for $1.5 million, keeps $150 million repayment
Elon Musk has settled the SEC's lawsuit over his delayed Twitter disclosure, with a $1.5 million penalty marking the end of a three-year legal battle.
Elon Musk takes the stand against Sam Altman in a trial that could blow up the world's most powerful AI company
Elon Musk took the witness stand April 28 in his $134 billion lawsuit against OpenAI and Sam Altman, arguing the company he helped found betrayed its original mission to benefit humanity.
Elon Musk just told 4 million Tesla owners their cars will never fully drive themselves without a hardware swap
Elon Musk has confirmed that roughly 4 million Tesla vehicles with Hardware 3 cannot achieve unsupervised Full Self-Driving, reversing years of promises that a software update would be enough.
Elon Musk faces Paris interview today as US refuses to help French probe of X
French prosecutors summoned Elon Musk for a Paris interview on April 20, pressing their criminal probe into X's handling of illegal content.
Elon Musk just brought Tesla robotaxis to Dallas and Houston. The market he is targeting is worth $1 trillion
Elon Musk has launched Tesla robotaxis in Dallas and Houston, expanding to four US cities as analysts peg the autonomous ridesharing market at over $1 trillion.
Elon Musk's Starlink faces a $11.57 billion challenge as Amazon buys Globalstar
Elon Musk's Starlink has long led the satellite internet race. Amazon's $11.57 billion Globalstar acquisition signals the gap is about to get smaller.
Elon Musk alleges bribery in South Africa as Starlink fight over telecom rules intensifies
Elon Musk has alleged bribery and race-based discrimination in South Africa's telecom rules, saying Starlink has been unable to secure a license to operate.
SpaceX files for a June IPO targeting a $1.75 trillion valuation that would push Elon Musk toward trillionaire status
SpaceX has confidentially filed for an IPO targeting a $1.75 trillion valuation and a raise of up to $75 billion, which would be the largest public offering in history and push Elon Musk toward trillionaire status.
Namibia rejects Starlink licence application
Namibia has rejected Starlink’s licence bid, blocking the satellite internet provider from operating as regulators enforce compliance with national telecom laws.
Elon Musk launches Terafab, a $20 billion chip factory built for space and robots
Elon Musk called Terafab the most ambitious chip-building exercise in history, with 80% of its output earmarked for orbital AI computing.
Elon Musk expands Starlink into the Central African Republic
Elon Musk brings Starlink to the Central African Republic, boosting digital access as Iranians plead for connectivity amid a nationwide blackout.