SpaceX, Elon Musk’s rocket and artificial intelligence company, capped the biggest-ever initial public offering by rising 20 percent in its trading debut 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…
The Securities and Exchange Commission reached a $1.5 million settlement with Elon Musk on Monday in a lawsuit that accused the world’s richest person of breaking securities law during his purchase of Twitter, now called X. The S.E.C. had said Mr. Musk hid purchases of the social media company’s stock in 2022 and did not…
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…
Almost as soon as gunshots were reported from the White House Correspondents’ dinner on Saturday night, social media was flooded with conspiracy theories and finger-pointing over the attack. In a now-common phenomenon after such incidents, prominent influencers fill the information vacuum with speculation in a bid for attention and followers. The miasma of falsehoods, rumors…
In January 2018, Elon Musk needed $100 million. Instead of calling a bank, he turned to SpaceX, the rocket company he founded and where he serves as chief executive. Over the next three years, Mr. Musk borrowed a total of $500 million from his company. The loan terms were significantly lower than what most banks…
For years, SpaceX’s mission was clear: Get humans to Mars. “The most powerful thing we could do is establish a second, self-sustaining civilization outside of Earth,” Elon Musk, SpaceX’s chief executive, told Forbes in 2003, a year after founding the company. “And the only place that’s really feasible is Mars.” As a reminder of that…
