Why does Elon Musk want to merge Tesla and SpaceX?
Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
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Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
Matthew Bartolini, global head of research strategists, at State Street Investment Management, joins Isabelle Lee and Eric Balchunas on "Bloomberg ETF IQ." They discuss the Trump Accounts after Elon Musk announced this morning that he would distribute a share of SpaceX to each child in the US. (Source: Bloomberg)
Tech billionaire Elon Musk said on Monday that he would give every child in the United States a share in his SpaceX rocket company. “Next year, I will give one of my SpaceX shares to every kid in America,” Musk, the richest man in the world, said on X. “This will be the first of many,” he said, without providing details about how the scheme would work. There are around 73 million children under the age of 18 in the United States, according to 2024 data from the US Census Bureau. Musk owns 38...
Tesla CEO Elon Musk unveiled what he described as a “flying” car, equipped with thrusters, during a live-streamed event at his SpaceX rocket company’s facility on Thursday. Technical and regulatory challenges have so far prevented the much-hyped flying car sector from getting off the ground. Musk revealed his new Roadster sports car during a launch event at a SpaceX test facility in Texas. During the demo, which was live-streamed on Tesla’s X account, the car launched from a steep steel ramp and...
Tesla CEO Elon Musk showcased the vehicle at a facility owned by his SpaceX company, which helped develop the model.
Stating that Jio’s own satellite services await clearances, the company said, “At Reliance, we have never feared competition. We see it as the truest test of who serves the customer best.”
Can a flick of a switch really be enough for Donald Trump and Elon Musk to end Ukraine's hopes of holding out against Russia? With Kyiv already reeling from daily strikes by Russia's new motor-powered drones, the United States decision to slow SpaceX Starlink service felt immediately Wednesday when air raid warnings failed.
The recent disruption of SpaceX’s Starlink satellite internet service in Ukraine comes as Washington steps up pressure on Kyiv to halt its strikes on Russian oil refineries. The system plays a key role in Ukraine’s long-range drone operations, raising questions about the implications of the disruption and Elon Musk’s increasingly close ties with Donald Trump.
???? As Ukraine reports slowdowns in the Starlink system used for battlefield communications and frontline logistics, Elon Musk says that "any limits on speed or usage are decided by the US military and ultimately POTUS."
Secretary of State Marco Rubio is expected to meet Reliance Industries Ltd.’s Chairman Mukesh Ambani next week, according to the US envoy, underscoring Washington’s engagement with the conglomerate amid Elon Musk’s recent public swipes at the Indian billionaire.
SpaceX boss Elon Musk said on Wednesday that any disruptions reported by Ukraine in using the Starshield satellite communications system would be the responsibility of the US government, not his company. “Starshield systems are owned and controlled by the US government. Any limits on speed or usage are decided by the US military and ultimately POTUS,” Musk said, referring to US President Donald Trump. Musk drew a distinction between the Starshield system, which Ukraine relies on for battlefield...
Elon Musk's Starlink imposed restrictions on the operation of internet terminals in Ukraine overnight, disrupting military missions, an adviser to the Ukrainian president said on Wednesday. The official said Ukraine was given no prior warning about the restrictions to the satellite system it relies on for battlefield operations.
The White House’s bid for a US “golden age” of science should put China on alert, Chinese analysts have warned, but they remain sceptical as to whether President Donald Trump’s alliance with Silicon Valley billionaires can pull it off. This comes as Trump, in another arguably unconventional move, handed the country’s highest science and engineering awards to top American tech bosses. Elon Musk, head of electric-vehicle maker Tesla and aerospace manufacturer SpaceX, received the National Medal of...
The Trump administration argues that DOGE is exempt from freedom of information requirements.
Elon Musk, the world’s only trillionaire, has quietly become the biggest known donor in this year’s midterm elections, doling out more than US$276 million since July to try to save Republican majorities in Congress. The numbers, first reported by the New York Times ahead of this week’s federal filing deadline, were confirmed by Andrew Romeo, a spokesman for Musk’s super PAC (Political Action Committee). The money includes US$158 million given to the Senate Leadership Fund, the main super PAC...
Pledge comes days before Mukesh Ambani's low-cost Reliance Jio's parent launches India's largest-ever IPO.
The reality is that competition would greatly benefit the average citizen in India by giving them more choices, as it always does,says Elon Musk
Elon Musk has accused Indian billionaire Mukesh Ambani of being India’s ‘real boss’ in over delays to Starlink's entry.
SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July. SpaceX is closing in on a crucial swath of spectrum needed to turn the rocket, satellite and AI company into a “major mobile carrier,” setting the stage for a clash with stalwarts like T-Mobile US Inc., Verizon Communications Inc. and AT&T Inc. Once the company receives approval from the Federal Communications Commission, it will combine its satellite-to-cell services with a terrestrial network that can connect devices everywhere. For more, we speak with Loren Grush, Bloomberg News Global Space Reporter. (Source: Bloomberg)
Elon Musk’s accusation that powerful Indian business interests are blocking Starlink’s entry into India has sparked a political row, but analysts say the dispute also highlights security concerns, regulatory hurdles and strategic calculations shaping the satellite service’s expansion across Asia. In a post on social media, Musk said Starlink was licensed in more than 165 countries and had spent five years complying with Indian laws and regulations. “So why still no licence? Is Ambani the real...
SpaceX investors are finally getting some reprieve after months of being whipsawed by volatility as the Elon Musk-led company’s stock breaks above the level it’s been stuck below since July.
Musk has taken pot-shots at Reliance owner Mukesh Ambani as Starlink struggles to launch in India.
Revanth Reddy’s post on social media is being seen as a support to Elon Musk
Reliance Jio chairman Akash Ambani declines to comment when asked about Mr. Musk’s remarks
Musk has claimed unnamed entities are blocking Starlink's launch to maintain their monopoly.
American billionaire Elon Musk alleged that Starlink’s entry into India was being “blocked” by certain “oligarchs” seeking to protect their “monopolistic chokehold”
Elon Musk accused unnamed rivals of blocking SpaceX’s Starlink satellite broadband network in India, an apparent swipe at billionaires Mukesh Ambani and Sunil Bharti Mittal. SpaceX has been awaiting approval from Prime Minister Narendra Modi’s government to offer Starlink service in India, where companies controlled by Ambani’s Reliance Industries and Mittal’s Bharti Airtel have spent years building formidable positions in telecoms. “Unfortunately, we are being blocked by certain oligarchs in...
Tech billionaire Elon Musk will make a return to officially advising US President Donald Trump’s government by co-leading what the Pentagon called a study on the future of war. Musk served as the head of the Department of Government Efficiency before departing in May last year, having publicly fallen out with Trump. In a speech at the Quantico military base, Pentagon chief Pete Hegseth said “Project Meridian” will be “an effort led by America’s best minds to study the future of warfare”. “We are...
Founder Elon Musk's rocket, the largest ever built, is meant to carry NASA mission to moon and beyond.
The EU had said X "deceives users" by selling blue ticks without "meaningfully verifying" accounts.