Topic
elon musk
Technology Justice Department Backs xAI in NAACP Lawsuit Over Data Center Pollution, Citing National Security
The U.S. Department of Justice and the state of Mississippi are asking a court to dismiss a lawsuit filed by the NAACP against Elon Musk's xAI. The NAACP alleges xAI operated 27 gas turbines without permits at its Colossus 2 data center in South Memphis, later revealed to be 57 turbines. The DOJ argues that stopping the turbines threatens national security because xAI's Grok AI model supports military operations, including in the Iran War.
Business SpaceX IPO: Record $75B Listing on Nasdaq Opens Limited Window for Indian Investors
SpaceX, led by Elon Musk, is set to list on Nasdaq on Friday in the largest IPO ever, raising $75 billion. The $135-per-share IPO values the unprofitable company at roughly $1.75 trillion. Indian retail investors cannot participate directly but can buy shares after debut through international platforms or NSE IX in GIFT City. Experts are divided on whether the stock is worth the price given its lack of profitability and high expectations.
Finance SpaceX IPO Set to Become Largest Stock Market Debut at $1.77 Trillion Valuation
SpaceX is expected to debut on the stock market this week in what could be the biggest IPO in history, raising nearly $75 billion at a valuation of about $1.77 trillion. Elon Musk is reserving an unusually large share (over 20%) for individual investors, far exceeding the typical 5-7%. Analyst reactions are sharply divided: some investors 'cannot wait' to buy, while others warn retail investors to 'avoid it like the plague', citing extreme volatility and historical IPO underperformance.
Finance SpaceX IPO: Could Elon Musk Become the World's First Trillionaire? Decoding the Math
SpaceX is set for its Wall Street debut on Friday in what is expected to be the biggest IPO in history. Elon Musk's net worth, already between $800B and $850B, could surge past $1 trillion if the listing meets expectations, making him the world's first trillionaire.
Business SpaceX's First Employee Tom Mueller Reacts to Company's $1.8 Trillion Market Debut
SpaceX, co-founded by Elon Musk and Tom Mueller in 2002, is set to go public with a valuation exceeding $1.8 trillion. In a BBC interview, Mueller, the company's first employee, discussed Musk's vision and the milestone.
Finance SpaceX IPO Draws $10B in Institutional Orders, Set to Be Largest Ever
SpaceX's initial public offering has drawn more than $10 billion in institutional orders, making it heavily oversubscribed. The company will offer 555.6 million shares at $135 each, expecting to raise $75 billion and achieve a $1.8 trillion valuation. Trading begins June 12 on Nasdaq and Nasdaq Texas under ticker SPCX.
Finance SpaceX IPO: How Indians Can Invest and What It Means for Global Capital Markets
SpaceX is set for a landmark IPO on Nasdaq with a $1.75 trillion valuation. Retail investors, including Indians, can participate via secondary markets under LRS. The offering sees massive demand with twice the orders as shares available.
Technology China beats Elon Musk's Neuralink to launch world's first commercial brain chip NEO
China has approved the world's first commercially available brain chip, NEO, developed by Tsinghua University and Neuracle Technology. The device, which is less invasive than Neuralink's N1, targets spinal cord injury patients. Elon Musk recently described such technology as 'Jesus-level'. The approval marks a milestone in brain-computer interface commercialization.
Business SpaceX IPO Made Musk a Trillionaire, But His Empire Spans EVs, AI, and Tunnels
SpaceX's historic IPO has catapulted Elon Musk to trillionaire status, but his business empire extends far beyond rockets. From Tesla and Neuralink to The Boring Company and a merged xAI/X entity, Musk's ventures are increasingly interconnected, with combined market values exceeding $3.6 trillion despite ongoing losses at several units.
Business Elon Musk Becomes World's First Trillionaire: A $1.11tn Wealth Journey in Charts
Elon Musk has become the world's first trillionaire with an estimated net worth of $1.11tn, according to Bloomberg. The milestone was driven by soaring valuations of Tesla and SpaceX, with key events including the SpaceX IPO in June 2026 and volatile swings tied to Tesla's share price and political sentiment.
Technology Musk Effigy Protest in Times Square Spotlights AI Governance Risks Ahead of Spac
Safe AI Now erected a massive inflatable effigy of Elon Musk in Times Square to protest Grok AI's nonconsensual explicit imagery, coinciding with SpaceX's $1.77 trillion IPO. The demonstration underscores legal and reputational risks for enterprises integrating AI tools.
Business SpaceX IPO Set for Historic $1.77 Trillion Wall Street Debut
SpaceX is preparing for its Wall Street debut, raising approximately $75 billion at $135 per share, giving it an initial valuation of around $1.77 trillion. The IPO is the largest in history and tests market appetite for trillion-dollar futuristic tech companies. The listing has been widely discussed as one of the most anticipated stock market events.
Business Elon Musk's Trillion-Dollar Fortune: More Than Double South Africa's Economy
As SpaceX's market debut pushes Elon Musk toward trillionaire status, a Business-Today analysis of the scale reveals his fortune could exceed $1 trillion — more than double South Africa's GDP. The comparison underscores immense wealth concentration.
Business Spacex IPO: Record $75B Haul Tests Musk's 'Extreme' Ownership Model
SpaceX raised $75 billion in its IPO, valuing it at $1.75 trillion, the largest public offering in history. Despite a generous 30% retail allocation, individual investors are unlikely to see significant gains due to oversubscription and IPO mechanics. Meanwhile, CEO Elon Musk retains 85.1% voting power, raising governance concerns even as the company's 'extreme ownership' culture drives its success.
Business SpaceX Sets Record with Highest-Value IPO in History
SpaceX will become a publicly traded company on Friday in what the BBC reports is expected to be the highest-value stock listing in history. The IPO also positions CEO Elon Musk to become the world's first trillionaire, according to the BBC's Samira Hussain.
Technology SpaceX IPO, Siri AI Reboot, and the MSG Surveillance Machine
This week's Uncanny Valley podcast covers SpaceX's upcoming IPO, Apple's long-awaited Siri AI revamp, Meta's removal of a facial recognition feature after a WIRED report, and an investigation into Madison Square Garden's surveillance system. The episode provides insights for enterprise leaders on AI strategy, privacy risks, and public market opportunities.
Business SpaceX IPO: Elon Musk on Track to Become World's First Trillionaire
SpaceX is set to debut on Wall Street on Friday in what is expected to be the largest IPO in history. The company aims to raise $75bn at a valuation of $1.77 trillion. If the listing succeeds, Elon Musk's combined holdings in SpaceX and Tesla alone would be worth over $1 trillion, potentially making him the world's first trillionaire.
Business Elon Musk's Vision: Technology as Modern Magic
Elon Musk reflects on how modern technology, once unimaginable, is now commonplace, echoing Arthur C. Clarke's idea that advanced technology is indistinguishable from magic. His ventures, like Neuralink, exemplify this transformation.
Business Elon Musk: From Entrepreneur to Trillionaire
Elon Musk, CEO of SpaceX and Tesla, is the world's richest person, with a net worth surpassing $500 billion. His ventures have significantly impacted the tech and automotive industries.
Business SpaceX Targets Record $1.75tn Valuation in Historic IPO
SpaceX is set to make history with a $1.75 trillion valuation as it prepares for the largest IPO ever, aiming to raise $75 billion. The company plans to list on Nasdaq on June 12, 2026.
Business SpaceX IPO: A New Frontier for Investors
SpaceX, led by Elon Musk, is set to launch its IPO on June 12, aiming to raise $75 billion. This move will position SpaceX among the top ten largest listed firms in the U.S. and offers a unique investment opportunity in space exploration and AI.