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The Latest Breaking News from Elon Musk

‘A neoliberal nightmare’: my ride on the Vegas Loop – Elon Musk’s answer to traffic jams

Ten years ago, after complaining that traffic was ‘driving him nuts’, Musk’s Boring Company began building underground tunnels to ease congestion on the roads. Did he overpromise and underdeliver?

The Guardian - UK

SpaceX-Tesla Inc. is inching closer. Watch out, Nvidia?

That logic, and Musk’s dominant role at both companies, creates a potential conflict of interest because it would advantage the likely acquirer, SpaceX — where Musk has far greater control and now derives the vast majority of his net worth — if Tesla became relatively cheaper.

The Economic Times

SpaceX overtakes Amazon to become the world's fifth most valuable company

Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world's fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.

Euronews

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Pentagon Says Elon Musk's Grok Helped Deliver 2,000 Iran Strikes in 96 Hours

The Pentagon has revealed that Elon Musk's AI tool, Grok, was crucial in directing missile strikes in Iran, sparking debates on AI's role in warfare and civilian safety.

International Business Times UK

Meet Gina Rinehart: Australia’s richest woman who just invested $1.4 billion in Elon Musk’s SpaceX

For decades, the fortune of Australia's wealthiest citizen has been tied to iron ore buried deep beneath the country's red earth. Yet in recent years, Gina Rinehart has gradually expanded her interests far beyond mining, backing sectors she believes will shape the decades ahead. Space exploration now appears to sit…

The Times of India

SpaceX's $60 Billion Cursor Deal Comes With a Twist: It Didn't Spend a Dollar in Cash

Elon Musk's SpaceX acquires AI coding startup Cursor for £44.7 billion in an all-stock deal, riding its post-IPO share surge. This move boosts SpaceX's AI capabilities and market position.

International Business Times UK

Wednesday briefing: In a new era of far-right organising, how can we tackle hate?

In today’s newsletter: The far right are using social media to foster division, from Southampton to Belfast, but there are calls for clear and urgent ways to counter digital radicalism

The Guardian - UK

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Can't Buy SpaceX? Wall Street Says EchoStar Could Be the Backdoor Bet as Analyst Sees $161 Share Price

EchoStar's valuation is soaring with a 37% upside, driven by its strategic SpaceX stake. Learn how this satellite firm offers a unique investment opportunity following SpaceX's record-breaking IPO.

International Business Times UK

Amazon Dethroned: SpaceX Is Worth More Than the Retail Giant Despite Generating Just a Fraction of Its Revenue

Elon Musk's SpaceX has surpassed Amazon in global wealth rankings after a record-breaking IPO and a $60 billion AI acquisition, raising questions about its long-term profitability.

International Business Times UK

2,000 targets in 96 hours: How Elon Musk's Grok AI helped US military strike Iran

The US military used Elon Musk's artificial intelligence tool Grok to help plan and execute strikes against Iran, the Pentagon has revealed in a legal filing, marking the first official confirmation of xAI's technology being deployed in lethal military operations.

The Times of India

Is it bad that Elon Musk has a trillion dollars? Yes, and here’s why

Just as the ‘poverty line’ determines what’s required for basic living, we need a ‘wealth line’ to show when extreme wealth becomes harmful, says economist and philosopher Ingrid Robeyns

The Guardian - UK

Trump UFC White House Plot Reveals Alleged Hit List Naming Musk, Vance and Netanyahu

A plot to attack a White House event with drones was thwarted, leading to five arrests. The incident highlights security risks from evolving technologies.

International Business Times UK

$2.75 trillion mcap SpaceX rockets past Amazon with 66% stock surge in 3 days

SpaceX's market valuation surged past Amazon and briefly exceeded Microsoft's on Tuesday, driven by intense trading in its newly listed option contracts. The company's shares jumped significantly above its IPO price, reflecting investor confidence in its diverse business ventures. This rapid ascent places SpaceX among the world's most valuable companies.

The Economic Times

Elon Musk's AI tool Grok was used in strikes against Iran, Trump administration says

Elon Musk's AI tool Grok is now part of US military operations. The US government revealed Grok's use in strikes against Iran. This information emerged in a legal brief defending xAI's data center. Pentagon AI chief Cameron Stanley confirmed Grok's role in military programs. This technology is enhancing operational efficiency…

The Economic Times

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The Times of India

Trump's birthday attack plot: FBI arrests five in foiled White House UFC conspiracy targeting US President, Vance, Netanyahu & Musk

The FBI disrupted a planned attack targeting US President Donald Trump's 80th birthday event and UFC cage-fighting show at the White House this past weekend. They have arrested five suspects who allegedly discussed using explosives-laden drones and shooting panicked crowd members as they fled, according to court papers that were…

The Economic Times

Inside Cursor's journey to a $60 billion deal with Elon Musk’s SpaceX

SpaceX has acquired AI coding assistant Cursor for $60 billion in an all-stock deal, significantly bolstering its AI ambitions. This move positions SpaceX strongly in the AI coding tools segment, competing with giants like OpenAI and Anthropic. Cursor, cofounded by Indian-origin entrepreneur Aman Sanger, boasts substantial annual revenue and a…

The Guardian - US

Trump’s DoJ intervenes to back Elon Musk in datacenter pollution lawsuit

Justice department urges judge to throw out suit brought by NAACP over xAI’s methane-gas turbines in Mississippi

International Business Times UK

Elon Musk Condemns UK Social Media Restrictions as Government Surveillance Trick

Elon Musk has attacked UK Prime Minister Keir Starmer's plan to ban under-16s from social media, claiming it is really a surveillance move that turns Britain into a 'police state'. The row also revives Musk's bitter feud with Starmer over the killing of Henry Nowak and protests about police conduct.

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AAP

In boost to Musk, Justice Department seeks to dismiss air pollution lawsuit against xAI data center

The Trump administration is helping one of Elon Musk's companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion data center in Mississippi

The Economic Times

SpaceX surges past Amazon, Microsoft: Why are Elon Musk-led company's stocks, valuation rising?

SpaceX shares surged early on Tuesday as investors bet on Elon Musk's sprawling empire that spans rockets to AI, even though the stock carries a higher valuation than the other trillion-dollar behemoths.

The Independent UK

Pentagon used Elon Musk’s Grok AI to fire 2,000 missiles at Iran, official says

Top defense official says data centers powering trillionaire’s chatbot are critical to national security

Barchart

The Battle of the Musks: Why Cathie Wood Sold Tesla Stock to Buy SpaceX

Cathie Wood just trimmed Tesla and piled into SpaceX after its record-breaking IPO. Let’s see why one of Musk's biggest believers is changing course.

International Business Times UK

Who Is Michael Truell? The 25-Year-Old Cursor CEO Behind Spacex's $60 Billion Deal Option

Cursor CEO sold his AI coding startup to SpaceX for $60bn. The MIT dropout became Silicon Valley's fastest-rising tech entrepreneur but tech community is divided over this record-breaking acquisition.

Barchart

Dear SpaceX Stock Fans, Mark Your Calendars for June 16

Options on SpaceX will be available starting today.

Tom’s Guide

SpaceX just spent $60 billion on Cursor — and it proves AI chatbots aren't the future anymore

SpaceX's $60 billion acquisition of Cursor signals a major shift in AI — from chatbots that answer questions to agents that can actually complete work.

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