Politics and China Risks Could Complicate Potential SpaceX-Tesla Merger
A potential merger between Elon Musk’s SpaceX and Tesla could face significant political and geopolitical challenges, despite limited antitrust concerns in the United States. Musk recently described the proposed combination as “a good idea,”...
SpaceX and Tesla Earnings Put Musk’s AI Spending and Merger Speculation in Focus
SpaceX and Tesla are set to report their third-quarter results on consecutive days this week, offering investors a rare opportunity to compare the financial performance of Elon Musk’s two most valuable companies as merger...
UK Spends Nearly $40 Million on SpaceX Military Satellite Services
Britain has spent nearly $40 million on SpaceX satellite services, deepening its reliance on Elon Musk’s company for military communications amid growing European concerns about dependence on U.S. security infrastructure. The UK Ministry of...
The Boring Company Raises $3 Billion at $23 Billion Valuation
The Boring Company, the tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values the company at $23 billion, according to a statement released Wednesday....
Slovenia Approves Tesla’s FSD Supervised System
Slovenia has approved Tesla’s Full Self-Driving (FSD) Supervised driver-assistance system for use on its roads, making it the sixth European country to grant approval. Tesla said the rollout will begin soon. The announcement was...
Australian Judge Considers Giving Expert Direct Access to Tesla Engineering Systems
An Australian judge has indicated he may order Tesla to give an independent expert direct access to its internal engineering platforms as part of a class action involving around 10,000 Tesla owners. Federal Court...
Minors Sue Elon Musk’s xAI Over Alleged Misuse of Grok Image Generator
Three plaintiffs from Tennessee, including two minors, have filed a lawsuit against Elon Musk’s artificial intelligence company, xAI, accusing it of knowingly enabling the creation of sexually explicit content using real individuals’ images. The...
U.S. IPO Market Poised for Record-Breaking Rebound in 2026: Goldman Sachs
U.S. equity markets are heading toward a powerful revival in initial public offerings in 2026, with analysts at Goldman Sachs projecting total IPO proceeds could quadruple to a record $160 billion. The brokerage also...
Brazil gives xAI 30 days to curb Grok’s fake sexualized content
Brazil’s government authorities and federal prosecutors have given Elon Musk’s xAI 30 days to stop its Grok chatbot from circulating fake sexualized content, according to a joint statement issued on Tuesday. The Brazilian consumer...
Tesla Loyalty Slumps After Musk’s Trump Endorsement, Faces Rising Competition
Tesla’s once industry-leading U.S. customer loyalty has plunged sharply since CEO Elon Musk endorsed Donald Trump for president in July 2024, according to exclusive S&P Global Mobility data shared with Reuters. Loyalty peaked at...