News about Elon Musk

The richest man on the planet, Ilon Musk, may have misled investors when he bought social network Twitter in 2022 for $44 billion.

SpaceX conducted another launch of Starlink satellites on March 19, continuing the accelerated deployment of the world’s largest orbital Internet constellation. The Falcon 9 rocket put 29 next-generation satellites into orbit, confirming the company’s transition to an almost continuous cycle of launches.

Billionaire Ilon Musk never tires of surprising the world with his ideas and new large-scale initiatives. He announced his next mega-project with investments of up to $45 billion on Saturday, March 14, 2026.

Entrepreneur Ilon Musk has announced a major restructuring of his artificial intelligence company xAI.

On Monday, March 9, Sendhil Palanni announced his resignation as vice president of finance at Tesla, where he has worked for nearly two decades. His career began when Tesla was on the verge of bankruptcy, and today the corporation is one of the leaders in the electric car market.

Ilon Musk has confirmed that X Money, a new payment system within the X platform, will enter early public availability in April 2026, a key step in his ambitious strategy to turn X into an “all inclusive” super-app that combines social networking, finance and payments.

Elon Musk continues to surprise and shock. In a post on X early Monday morning, the billionaire responded to X user Bojan Tunguz, who wrote that he has “a fact-based feeling that we will have a full-fledged general artificial intelligence” (AGI) by the end of this year.

Virgin Galactic is preparing to re-activate the direction of space tourism and occupy the vacated niche in the market of suborbital flights. This was announced by the founder of the company, British entrepreneur Richard Branson during a speech at a space conference in London.

Ilon Musk’s transportation startup The Boring Company is among the finalists in a competition to build an experimental 1.6 km (1-mile) tunnel to solve urban traffic congestion in Tennessee.

Ilon Musk has initiated the largest financial restructuring in the history of his business empire. His companies X (formerly Twitter) and startup xAI are preparing to fully repay their combined debt of $17.5 billion.

Tesla CEO Ilon Musk has warned employees of the Tesla Giga Berlin plant of a possible freeze on the company’s expansion if the influence of labor unions grows. The statement was made against the backdrop of elections to the works council and became one of the most resonant corporate signals of the week in Europe.

SpaceX has begun preparations for a confidential filing with the U.S. Securities and Exchange Commission for an initial public offering.

SpaceX CEO Ilon Musk has declared high confidence in achieving full reusability of the Starship V3 rocket system.

Tesla Corporation has officially gone on the counterattack against the California Department of Motor Vehicles (DMV). The lawsuit, filed on February 13, 2026 in the state Supreme Court, could set a precedent that will determine the future of autonomous driving systems and the boundaries of marketing promises in the AI era, according to Logos Press.

American entrepreneur Ilon Musk is expanding his influence not only in the technology sector, but also in the political arena, primarily in Europe, according to Logos Press.

OpenAI CEO Sam Altman sharply criticized the concept of placing artificial intelligence computing data centers in Earth’s orbit, calling it “ridiculous” in the current environment, according to Logos Press.

While many of the richest people in the U.S. are focused on multiplying their capital, some are actively sharing their wealth with the public, Logos Press reported.

If the space race used to be an arena of states, now it has turned into a duel of super-rich entrepreneurs of the XXI century. The competition between Ilon Musk and Jeff Bezos has reached a new level: now the billionaires are fighting over the moon, according to Logos Press.

Ilon Musk’s social media platform X will soon allow users to trade stocks and cryptocurrencies directly from their news feeds as the company begins to develop financial services as well, according to Logos Press.

On Thursday, February 12, the European Space Agency (ESA) successfully sent a heavy version of an Ariane 6 rocket into space from the Kourou launch site in French Guiana with Amazon satellites, Logos Press reports.