Elon Musk

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Musk's SpaceX Makes Official Push for a New Texas City

Company asks local officials to make its Starbase launch site an incorporated city

(Newser) - SpaceX is launching a new mission: making its Starbase site a new Texas city. Billionaire Elon Musk's company on Thursday sent a letter to local officials requesting an election to turn what it calls Starbase—the South Texas site where SpaceX builds and launches its massive Starship rockets—into...

SpaceX Is Worth Twice What It Was Last Year
Elon Musk
Hits a Rich
Milestone
UPDATED
Dec 12, 2024 1:30 AM CST

Elon Musk Hits a Rich Milestone

After SpaceX valued at $350B, Musk is first person to pass $400B in net worth

(Newser) - Shortly after the news that SpaceX has exploded in value came the news that Elon Musk has become the first person to surpass $400 billion in net worth. An estimate by Bloomberg News says Musk, who reportedly owns 42% of SpaceX, is now worth $440 billion. Also adding to his...

Shortlist for Time's Person of the Year Is Out

3 presidential candidates in the US and Mexico, including the 2 victors, make the cut

(Newser) - The year of 2024 was enough to make heads nod, shake, and spin. Time is out with the shortlist of the 10 people around the globe who induced the most of that, and they include some very familiar faces and past winners, along with a few newcomers. In alphabetical order:...

Musk Revealed as Donor Behind Pro-Trump RBG PAC

Ginsburg's family called the group 'appalling'

(Newser) - The world's richest person spent more than $250 million helping President-elect Trump win the election, including a $20 million donation to a super PAC that Ruth Bader Ginsburg's family described as "appalling." Campaign finance reports filed Thursday revealed that Elon Musk donated $20.5 million to...

Judge Sticks to Refusal to Allow Unprecedented Pay for Musk

Lawyers' compensation goes from $5B to $345M

(Newser) - A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk's multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented...

Bernie Sanders: 'Elon Musk Is Right' on Defense Spending

Pentagon budget is 'full of waste and fraud,' senator says

(Newser) - Sen. Bernie Sanders doesn't seem to have softened his stance on billionaires, but he's found something he agrees with Elon Musk about. In post Sunday on X , the independent senator from Vermont said Musk was right about the need to cut defense spending, the Hill reports. "Elon...

Some Drivers Now Embarrassed by Their Teslas

'Anti Elon Tesla Club' bumper stickers reportedly selling like hot cakes

(Newser) - Matt Hiller has been selling stickers denouncing Elon Musk for some time. But he noticed a huge uptick in sales right around the US election. In fact, "the day after the election was the biggest day ever," the Hawaii-based Hiller tells the Guardian . "People saw a billionaire...

Musk's Take on Consumer Finance Watchdog: Delete It

Consumer Financial Protection Bureau goes after banks for predatory practices

(Newser) - Elon Musk, tasked with running a Department of Government Efficiency in the incoming Trump administration, has set his sights on the Consumer Financial Protection Bureau. "Delete CFPB," Musk wrote on X early Wednesday, referring to the federal watchdog that helps protect consumers from predatory financial practices. Musk said...

Skeptics: Musk, Ramaswamy Underestimate Their Task
Musk, Ramaswamy
Prepare for DOGE Fight
the rundown
Nov 25, 2024 2:44 PM CST

Musk, Ramaswamy Prepare for DOGE Fight

Pair want to take a 'blowtorch' to federal bureaucracy, but skeptics say they underestimate the task

(Newser) - Will DOGE fly? The Washington Post reports on how Elon Musk and Vivek Ramaswamy are ramping up efforts to launch their Department of Government Efficiency with the goal of instituting drastic cuts to the federal government. The big question seems to be whether they'll be able to follow through...

Musk Suggests He Might Buy MSNBC
Musk Muses
About Buying
MSNBC
Nov 25, 2024 12:30 AM CST

Musk Muses About Buying MSNBC

'How much is it?' he asks in response to Donald Trump Jr.'s idea

(Newser) - With Comcast spinning off some of its media properties, including MSNBC , could Elon Musk end up buying the network, which is often described as left-leaning ? On Friday, Donald Trump Jr. retweeted a reference to the possibility of an impending sale and, addressing Musk, said that he had "the...

Planned Parenthood CEO on DOGE: 'Agents of Chaos'

Meanwhile, more than 100 GOP lawmakers sign letter asking for funding probe into nonprofit

(Newser) - This week, Vivek Ramaswamy and Elon Musk, co-chiefs of President-elect Trump's incoming Department of Government Efficiency, laid out their "DOGE Plan" this week to tackle spending cuts when the new administration takes effect—and among the groups in their sights is Planned Parenthood, one of multiple "progressive"...

On X, a Verbal Battle of the Billionaires

Elon Musk, Amazon founder Jeff Bezos poke at each other over Trump election win

(Newser) - Jeff Bezos doesn't post much on X, but he emerged on Thursday morning to hit back at fellow billionaire Elon Musk, who made an allegation about the Amazon founder that he roundly refutes. "Just learned tonight at Mar-a-Lago that Jeff Bezos was telling everyone that @realDonaldTrump would lose...

Greene to Chair House DOGE Subcommittee

She says she'll be working with Musk, Ramaswamy

(Newser) - Rep. Marjorie Taylor Greene hasn't landed a Cabinet job, but she says will be working with President-elect Trump, Elon Musk, and Vivek Ramaswamy during the next Congress. The Republican lawmaker says she will chair a House Oversight Committee subcommittee that will work with Musk and Ramaswamy's Department of...

Ramaswamy, Musk Lay Out 'the DOGE Plan'

It involves 'large-scale firings,' no more remote work

(Newser) - The Department of Government Efficiency may not be an official government agency, but its two leaders are wasting no time laying out their intentions. In a Wall Street Journal op-ed, Elon Musk and Vivek Ramaswamy outline what they call "the DOGE Plan to Reform Government" (yes, the unofficial department...

'Tesla Bot' Action Figure Sells Out Quickly

The 7-inch-tall toy is a mini version of the full-size Tesla Bot humanoid helper that Musk has promised

(Newser) - We haven't had much word of late on the "Tesla Bot" humanoid helpers that Elon Musk promised were coming a few years back—until now, in mini form. A 7-inch-tall action figure based on the concept showed up for sale over the weekend on Tesla's site , but...

Trump Picks Oil CEO for Energy Secretary

Musk lobbies Trump over choice for Treasury

(Newser) - President-elect Trump on Saturday announced he's chosen campaign donor and fracking company CEO Chris Wright for the top job at the Department of Energy. Wright, who runs Liberty Energy, also will be a member of Trump's planned Council of National Energy, CNN reports. The chair of that body...

Musk's Meeting With Iran Envoy 'Could Be a Very Big Deal'

Iranian officials tell NYT that billionaire Trump adviser had 'positive' talk with Iran's UN envoy

(Newser) - When he's not running Tesla, SpaceX, and X, or prepping for his new role in the "Department of Government Efficiency," Elon Musk has been taking some meetings. That list includes Iran's ambassador to the United Nations, Amir Saeid Iravani, who met with the tech billionaire at...

Trump Delivers First Post-Election Speech

At Mar-a-Lago gala, Sylvester Stallone praises president-elect as 'second George Washington'

(Newser) - President-elect Trump praised nominees including Robert F. Kennedy Jr. in his first public post-election speech. Trump, speaking to an America First Policy Institute gala at his Mar-a-Lago resort Thursday night, described last week's election as "the most consequential election in the last 129 years," the BBC reports....

Musk Pitches New Hires: 80 Hours, 'Zero' Compensation

The future Department of Government Efficiency is accepting applications, only on X

(Newser) - The upcoming government efficiency office to be run by Elon Musk and Vivek Ramaswamy is hiring, and it appears the first expense they intend to save money on is their staff. The operation seeks "super high-IQ small-government revolutionaries willing to work 80+ hours per week on unglamorous cost-cutting,"...

Italy's President Snaps at Musk's Unsolicited Advice

Billionaire had posted that judges who ruled against Giorgia Meloni's immigration deal 'need to go'

(Newser) - Italian President Sergio Mattarella sharply rebuked Elon Musk on Wednesday for weighing in on Italian court rulings that have stymied the government's plans to process some asylum-seekers in Albania. Musk, who has been named to a top role in President-elect Trump's new administration, wrote Tuesday on X that...

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