As Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, one of the biggest losers of the US midterms was not on the ballot: billionaire Elon Musk. Elon Musk, who backs Republicans, spent nearly half a billion dollars to back Republican candidates and keep Texas red. (AP) … Read more
US midterm election spending is expected to reach a record $11.9 billion in 2026. Rich individuals, political groups and campaign teams are spending billions of dollars to support candidates across the country. This will make the 2026 midterm elections the most expensive in US history. Elon Musk leads billionaire donations as US midterm election spending … Read more
President Donald Trump has pledged to stand by billionaire Elon Musk, signalling that he could grant pre-emptive presidential pardons to the tech mogul and other White House aides if Democrats take control of the House of Representatives and launch investigations against them. Trump pledged to protect Musk and other allies if Democrats win the House … Read more
A social media post highlighting the lifestyle choices of Silicon Valley leaders has drawn a response from Elon Musk. The chatter began when the co-founder and CEO of Freestyle Cloud, Ben Swerdlow, pointed out that some renowned tech leaders, including Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Alphabet CEO Sundar Pichai, are vegetarians. … Read more
Elon Musk has drawn criticism from Binance co-founder Changpeng Zhao after the Tesla making sarcastic comments about the cryptocurrency exchange’s $6.3 billion hack. Musk reacted to the incident with laughing and grimacing emojis on X, prompting Zhao to ask the billionaire to stop mocking the company and show some support. Elon Musk’s jokes about Binance’s … Read more
Shares of major neocloud companies fell on Monday after Elon Musk warned that more than 200 companies in the artificial intelligence (AI) infrastructure sector could collapse. The warning added to investor concerns about rising debt and the high cost of building AI data centres. Neocloud stocks fall as Elon Musk warns of AI company failures … Read more
Elon Musk has invested roughly $1 billion in Skydance, Semafor reported on Thursday. Musk’s alleged investment provided a major financial boost to the Hollywood studio as it seeks to cut costs, strengthen its balance sheet and accelerate its technology strategy following its merger with Paramount, according to the report by Semafor. Elon Musk has invested … Read more
As the elections approach, attacks are mounting on Elon Musk, a close ally of Trump in the 2024 US elections. The SpaceX founder has not been seen at any campaign rallies before the elections, even as he continues to maintain a relationship with Trump. But that has far from safeguarded the world’s richest man from … Read more
SpaceX shares jumped 10.4% in premarket trading on Wednesday after the company reported strong revenue growth for the third quarter of 2026. The stock also gained attention after billionaire Elon Musk said he was considering a possible merger between SpaceX and Tesla. SpaceX stock rises as revenue jumps 161% and Elon Musk considers a possible … Read more
President Donald Trump on Monday, October 19, thanked SpaceX CEO Elon Musk for pledging to give his company’s stock to every child participating in the Trump Accounts retirement program. Musk earlier made the promise on X, saying, “Next year, I will give one of my SpaceX shares to every kid in America. This will be … Read more