On Wednesday, SpaceX announced its plans to go public, potentially increasing Elon Musk’s wealth significantly.This major IPO could generate substantial funds for the leading private space company and position Musk as the world’s first trillionaire.Musk founded SpaceX in 2002, focusing initially on rocket development and payload delivery. In 2021, it
Tag: Elon Musk
Elon Musk Found Liable for Misleading Tweets in Twitter Deal Case
A jury has determined that Elon Musk misled the public during a critical phase of his 2022 Twitter acquisition. After two days of deliberation, this unanimous verdict emerged from a San Francisco federal court, where a group of Twitter investors argued they relied on Musk's statements.During his testimony, Musk maintained
Elon Musk’s Starlink faces competition in the satellite Internet Space
Elon Musk's Starlink communications network is set to encounter heightened competition in the realm of high-speed satellite internet. The billionaire’s venture is being challenged by a Chinese state-backed competitor and another service backed by Amazon founder Jeff Bezos. Shanghai-based SpaceSail recently made headlines with its plans to expand into Brazil after
Elon Musk has no authority to make government decisions-Whitehouse Declares
The White House has clarified the position of billionaire Elon Musk within the Trump administration, stating that he serves as a senior adviser to the president, without any formal decision-making authority. This clarification comes in response to a lawsuit filed against Musk by the State of New Mexico, which raised
Julius Malema tells Elon Musk to “Go to Hell” for calling him a criminal
In a dramatic turn of events, tensions have escalated between South Africa’s Economic Freedom Fighters (EFF) leader Julius Malema and billionaire entrepreneur Elon Musk. This follows Musk's provocative comments on X (formerly Twitter), where he called for EFF leader Julius Malema to be declared an international criminal and subjected to
Elon Musk Labels USAID a “Criminal Organization” as Trump Considers Agency’s Future
Billionaire entrepreneur Elon Musk has launched a scathing attack on the U.S. Agency for International Development (USAID), calling it a "criminal organization." The criticism came on Sunday, just as former U.S. President Donald Trump labeled the agency as "run by radical lunatics" and hinted at reconsidering its future. The assault on
Trump backs H-1B Visa program amid Immigration debate
President-elect Donald Trump has publicly supported the H-1B visa program, which brings skilled workers to the U.S., aligning himself with tech leaders Elon Musk and Vivek Ramaswamy. In an interview with the New York Post, Trump stated he "always liked" the H-1B visas and had previously hired guest workers under