A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District Judge Sparkle Sooknanan noted that her court would accept the settlement, Bloomberg reported Wednesday, which cited her court opinion. Sooknanan’s approval settles a lawsuit filed by…
SpaceX may have held the biggest initial public offering of all time, but Wall Street may be expecting something even bigger from Elon Musk, the rocket company’s chief executive. Many of his fans and investors expect him to merge SpaceX with Tesla, the maker of electric cars where he is also chief executive, joining most…
In an unusually aggressive move, the Justice Department told a federal court in Mississippi that Elon Musk’s artificial intelligence company, xAI, has the right to run dozens of polluting gas-burning turbines in the state despite not having permits for them. The Justice Department late on Monday said that the court should throw out a lawsuit…
SpaceX, Elon Musk’s rocket and artificial intelligence company, capped the biggest-ever initial public offering by rising 11 percent as it began trading on Friday, turning the world’s richest man into the first trillionaire and setting the stage for fast-growing A.I. companies to reach the stock market in a once-in-a-lifetime bonanza. SpaceX shares opened trading at…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. SpaceX has raised $75bn in a record-breaking initial public offering, propelling Elon Musk’s AI-to-rockets group into the ranks of America’s biggest listed companies amid blockbuster investor demand. The group priced its 555.6mn shares at $135…
‘We are living through a moment of hellish, mindless destruction,” Caragh Thuring tells me, shortly after offering me a cup of tea and a chocolate chip biscuit. We are sitting in the artist’s east London studio, surrounded by paintings, magazine cuttings and cryptic handwritten notes (“AWARENESS, TESTING”). There are metal racks littered with crumpled tubes…
Elon Musk, the chief executive of SpaceX, has dined with President Trump at the White House, lost a flashy trial where he testified against his rival Sam Altman and accompanied Mr. Trump to China for a major diplomatic summit. Gwynne Shotwell, SpaceX’s president and chief operating officer, has had a different itinerary over the last…
After Microsoft invested $10 billion in OpenAI in early 2023, Elon Musk said in a social media post that OpenAI was “effectively controlled” by the tech giant. Shivon Zilis, a confidante of Mr. Musk who had spent years working for his companies and had approved the Microsoft deal as a member of OpenAI’s board of…
Anthony Scaramucci has said he owns shares of SpaceX. So does 2 Chainz, the rapper; Betsy DeVos, the former education secretary; and the hosts of a podcast called “Rich Habits” and more than 150 of its followers. Elon Musk’s rocket and satellite company is about to hold what could be the largest initial public offering…
Since he had a testy fireside chat about artificial intelligence with the Google co-founder Larry Page more than a decade ago, Elon Musk has had one big fear: that A.I. could eventually destroy humanity. It was one reason, he has often said, that he started the nonprofit A.I. lab OpenAI with Sam Altman, Greg Brockman…
