Keywords: Musk


SpaceX ipo oversubscription fuels trillion dollar wealth projection for Musk

SpaceX has set its initial public offering price at 135 dollars per share, targeting a valuation of about 1.75 trillion dollars and aiming to raise roughly 75 billion dollars. Investor demand has already exceeded available supply, with institutional orders reaching tens of billions of dollars. The price......

J.P. Morgan upgrades Tesla to ‘Neutral’, citing robotics as key long-term growth driver

Investment bank J.P. Morgan has upgraded its rating on Tesla from “underweight” to “neutral,” pointing to growing investor confidence in the company’s long-term potential beyond its core electric vehicle business. Analysts noted that Tesla’s valuation is increasingly......

SpaceX IPO excludes investors from China and Hong Kong over compliance concerns, report says

Investors from China and Hong Kong will reportedly be excluded from participating in the upcoming initial public offering of SpaceX, according to a Bloomberg News report citing people familiar with the matter. The decision was communicated by lead underwriters managing the highly anticipated share sale,......

Elon Musk could become the first trillionaire following SpaceX stock market debut

Elon Musk, already recognized as the world’s richest person, could soon become the first individual in history to reach a fortune of one trillion dollars. Financial analysts believe this milestone may be achieved after the expected stock market launch of SpaceX, which is reportedly being prepared......

X agrees to stricter UK crackdown on hate speech and militant content, regulator says

Social media platform X, owned by Elon Musk, has agreed to strengthen its measures against illegal hate speech and militant content in the United Kingdom, according to Britain’s communications regulator Ofcom. Under the new agreement, the platform will be required to review suspected illegal content......

US SEC and Elon Musk to argue Twitter settlement before Washington judge

U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022......

Altman tells court Musk sought control of OpenAI before departure

Sam Altman testified Tuesday in federal court in Oakland, California, rejecting accusations from Elon Musk that he abandoned OpenAI’s original nonprofit mission. Altman told jurors that Musk himself pushed for long term control over the artificial intelligence company and supported turning the......

SpaceX IPO reshapes corporate control with unprecedented investor limits

SpaceX is preparing to go public with an initial public offering (IPO) that would significantly strengthen founder Elon Musk’s control over the company while sharply limiting traditional shareholder rights, according to filing documents reviewed by Reuters. Musk’s consolidated control The......

Musk vs Altman: a landmark legal battle over OpenAI’s origins begins in California

A major legal confrontation between Elon Musk and Sam Altman is set to begin this Monday in California, as a federal court examines claims related to the founding principles of OpenAI. The case centers on accusations by Musk that the organization he co-founded in 2015 has strayed from its original mission......