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The Latest Breaking News from Elon Musk

SpaceX IPO brings Starship to NYC | Space photo of the day for June 16, 2026

Elon Musk became the world's first trillionaire shortly after SpaceX debuted on the Nasdaq.

Space

Hari Menon exits BigBasket; Sarvam cofounder on fresh funding

BigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.

The Economic Times

Elon Musk Shock: Democrat Claims Trillionaire Is 'Scared' To Face Subsidy Questions

Sen. Ed Markey reignites the debate over government subsidies for Elon Musk's Tesla and SpaceX, questioning their reliance on public support amid claims of independence and innovation.

International Business Times UK

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Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

The Guardian - US

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Euronews

Trillionaire Claims Elon Musk's Quadrillionaire Status Is 'Not Impossible'

Elon Musk suggests becoming a quadrillionaire is possible with SpaceX's Moon and Mars factories, amid SpaceX's record IPO and discussions on future economies measured in mass and energy.

International Business Times UK

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

Euronews

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SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

AAP

Larry Ellison, Jack Dorsey and a Saudi Prince: The Surprise Winners of Spacex's IPO

SpaceX's IPO raised $75 billion, valuing the company at $2.2 trillion. It created nine new billionaires and 4,400 employee millionaires, highlighting unexpected stakeholders like Larry Ellison and Prince Alwaleed.

International Business Times UK

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

The Economic Times

Social media is awful but the UK under-16 ban won't solve anything: 'Instead of punishing children, the government needs to target the source'

PC Gamer's writers and editors tackle the impending ban on Snapchat, TikTok, YouTube, Instagram, X and Facebook.

PC Gamer

The era of trillionaires will be dire for democracy. Here is how we can fight back

There is a fundamental tension between extreme wealth and the very possibility of democracy. That’s because extreme wealth is always an extreme power

The Guardian - US

SpaceX Rally Adds More to Elon Musk's Wealth in a Day Than Buffett or Gates Built in a Lifetime

SpaceX's IPO, priced at $135 per share, raised $75 billion, valuing the company at $2.1 trillion. Shares surged, boosting Musk's net worth to $1.3 trillion, surpassing Buffett and Gates.

International Business Times UK

Minister admits under-16s social media ban not a ‘silver bullet’ as Musk hits out at ‘censorship’

Liz Kendall, accepted that many children will succeed in getting around the ban but insisted the restriction would lead to a ‘significant change in behaviour’

The Independent UK

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The Guardian - UK

UK ministers lobby Trump to avert backlash against social media ban

No 10 is worried about retaliation from White House over restrictions on under-16s’ internet use

The Economic Times

Elon Musk just made Warren Buffett’s entire net worth in a single day

Elon Musk’s net worth soared by a record $164 billion in a single day after SpaceX shares surged nearly 20%, pushing his fortune to $1.27 trillion. The gain alone exceeded Warren Buffett’s entire net worth, underscoring the extraordinary wealth creation driven by SpaceX’s blockbuster market debut.

International Business Times UK

SpaceX at $2.1 Trillion Is 'Still Cheap', Investor Claims in $50 Trillion Thesis as Musk Responds

SpaceX's valuation debate intensifies as investors predict a potential worth of $50 trillion, driven by Starship's promise to lower space access costs and enable new industries.

Evening Standard

Social media ban for children ‘no silver bullet’, minister says

Technology firms have hit back over the plan to ban under-16s from social media.

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The Economic Times

Elon Musk never stopped believing today's impossibility can become tomorrow's reality: Anand Mahindra

Elon Musk has achieved a historic milestone becoming the world's first trillionaire after SpaceX's successful stock market debut. Mahindra Group Chairman Anand Mahindra lauded Musk's unwavering belief in transforming today's impossibilities into tomorrow's realities. Mahindra recalled supporting Musk during tough times in 2018, emphasizing that innovators are often judged during…

Evening Standard

Murdered MP Jo Cox would be deeply concerned by divisions in UK, says sister

Kim Leadbeater says it is crucial to ‘push back’ on divisive rhetoric and dangerous language.

International Business Times UK

SpaceX Faces Major Lawsuit as Starship Tests Destroy Homes in Port Isabel and South Padre Island

Homeowners in South Texas are suing SpaceX, alleging that Starship rocket tests caused structural damage to their properties, including cracked walls and shifting foundations, due to sonic booms and vibrations.

The Economic Times

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

Reason

Bernie Sanders Is Wrong About Trillionaires

Plus: the Supreme Court's biggest pending decisions, renewed court-packing debates, and the economic fallout from the Iran war

International Business Times UK

Nicki Minaj Slammed as 'Pathetic' After Posting AI Trump Birthday Pic with Sydney Sweeney and Elon Musk

Nicki Minaj's AI-generated birthday tribute to Donald Trump sparked intense backlash, with critics questioning her use of AI and perceived political support, leading to widespread online debate.

The Independent UK

Jo Cox’s sister warns of UK’s ‘divisive rhetoric and dangerous language’ ten years after MP’s murder

‘You’ve got to decide if you want to take the debate forward and you want to work on solutions’, says Kim Leadbeater, a decade after her sister’s murder

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