Tesla founder Elon Musk will pay back more than 3,000 investors approximately $12,397 each as part of a settlement over a lawsuit accusing him of defrauding investors with a tweet about taking the company private.
Elon Musk withdrew a $1 billion loan from SpaceX at the same time he acquired Twitter for $44 billion, complicating his financial situation.
SpaceX's Starship rocket is ready for launch pending FAA approval, as CEO Elon Musk aims to use it to send humans and cargo to Mars, following modifications made to improve its design after the previous failed test flight.
Elon Musk ordered the shutdown of his Starlink satellite communications network to prevent a Ukrainian sneak attack on the Russian naval fleet, fearing it could escalate to a nuclear war, according to a new biography by Walter Isaacson.
Russian President Vladimir Putin has praised Elon Musk as an "outstanding person" and businessman, following Musk's revelation that he refused a Ukrainian request to activate his Starlink satellite network in Crimea, fearing it would aid an attack on Russia's Black Sea fleet.
Elon Musk's SpaceX is no longer subsidizing the cost of its Starlink antennas, which is a positive step toward improving profitability and indicates that the terminals now cost less than $600 each to make.
Elon Musk and Jeff Bezos, billionaire CEOs of SpaceX and Blue Origin respectively, have been engaged in an ongoing feud over the race to space, stemming from their first meeting where they found fault in each other's similar traits and have since clashed over patent disputes and thinly-pointed tweets.
The Senate Committee on Armed Services is planning to investigate Elon Musk over his decision to shut off access to SpaceX's Starlink in Crimea during the Russian invasion of Ukraine, questioning the extent of Musk's control over the use of his network and the potential national security risks posed by contractors independently discontinuing services.
Elon Musk refused to allow Ukraine to use SpaceX's Starlink satellite communications to launch a surprise drone submarine attack on Russian forces in Crimea, citing concerns of a nuclear response from Russia. This decision has drawn praise from Russian President Vladimir Putin and has prompted a Senate probe into Musk's actions. Additionally, Musk is set to meet with Israeli Prime Minister Benjamin Netanyahu to discuss artificial intelligence. However, Musk is also facing accusations of tolerating antisemitic messages on his social media platform.
SpaceX has secured a $70 million contract with the US Space Force to provide customized satellite communications under its Starshield program, which aims to offer military-grade internet services, following the company's recent controversy of refusing to aid in a Ukrainian offensive against Russia.
Elon Musk is expected to give updates on SpaceX's Starship rocket at the International Astronautical Congress, as the company prepares for its second flight attempt and regulators review its launch license application.
SpaceX CEO Elon Musk will give an update on the company's Starship vehicle at the International Astronautical Congress, discussing the design, development, and ambition to make life multiplanetary.
Elon Musk, CEO of SpaceX and Tesla, is being sued by the SEC for his refusal to testify in a probe regarding his acquisition of Twitter and potential violations of federal securities laws.
SpaceX CEO Elon Musk announced that Starlink satellite internet service will soon be accessible on most aircraft, allowing passengers to access streaming-capable internet, video calls, online gaming, and more.
Elon Musk plans to make X the center of people's financial lives, handling all aspects of money and securities by the end of 2024, aiming to surpass PayPal's capabilities and create a comprehensive financial hub.
Elon Musk announces that his satellite-based communications system Starlink will provide support to aid organizations in Gaza in response to communication infrastructure disruption caused by the Israeli bombardment, while also highlighting Starlink's use in Ukraine during the conflict with Russia.
