Elon Musk

Elon Musk coverage — Tesla, SpaceX, xAI, and his political activity — across the spectrum.

290 articlesLast updated 2026-08-07 18:58 UTC

SpaceX Pre-IPO Investors Say Fund Manager Sold Their Shares Years Ago Without Telling Them

Investors in special purpose vehicles run by Late Stage Management thought they owned pre-IPO SpaceX shares worth hundreds of thousands of dollars after SpaceX's June IPO. According to the Wall Street Journal, at least four of them say the underlying shares were quietly sold back in 2024, and they only found out after the IPO priced. The SEC and FBI are reportedly already talking to at least one investor. Complaints are filed, no charges exist yet, and Late Stage Management hasn't been shown in these reports to have publicly answered the specific allegations.

South Korea's Danuri Orbiter Photographs Moon Crater Left by SpaceX Rocket Debris

South Korea's space agency released before-and-after images showing where a discarded SpaceX Falcon 9 upper stage slammed into the Moon at 8,700 mph on Wednesday. SpaceX says the impact was unintentional, and nobody on Earth was ever at risk, but the incident is reviving warnings about junk piling up in space we can't easily track or clean up.

SpaceX's $100 Billion Insider Share Unlock Arrives. Stock Rises Instead of Crashing

SpaceX's first post-IPO lockup expired Thursday, freeing up to 911.5 million insider shares worth roughly $100 billion for trading. The stock, which fell 10-15% after Tuesday's earnings, actually rose Thursday instead of getting crushed, because most of the anticipated selling pressure had already been priced in and insiders don't have to sell just because they now can.

Tesla and SpaceX Commit $16.8 Billion to Build World's Largest Chip Plant in Texas

Tesla and SpaceX announced Thursday they'll jointly build Terafab, a 100-million-square-foot chip factory in Grimes County, Texas, with an initial $16.8 billion investment and 3,000 promised jobs. The project could balloon to $119 billion across multiple phases, and local residents are already pushing back on the tax breaks and lack of transparency behind it.

SpaceX Says Starlink Mobile Could Take Big Telecom Customers, Verizon and AT&T Shares Fall

SpaceX President Gwynne Shotwell told investors Starlink plans to build out a full mobile service and take customers from Verizon, AT&T, and T-Mobile, whose combined wireless revenue she pegged at $600 billion a year. Telecom stocks dropped on the news, but analysts and the carriers themselves say a real threat is years away, if it materializes at all.

SpaceX Shares Fall 10% as $18.4 Billion AI Spending Overshadows Beat-and-Raise Earnings

SpaceX topped Wall Street's revenue and loss estimates in its first quarterly report as a public company, but investors focused on capital spending that hit $18.4 billion, nearly double the prior quarter. The stock dropped roughly 10% Wednesday, and a wave of insider shares becomes eligible for sale Thursday, adding fresh pressure on a stock already down about 50% from its June peak.

SpaceX Says It Will Build a Ground-Based Cell Network to Compete With T-Mobile, AT&T and Verizon

On SpaceX's first earnings call, President Gwynne Shotwell and CEO Elon Musk said the company plans to build a terrestrial mobile network using spectrum bought from EchoStar, aiming to pull customers directly from the Big 3 carriers. The plan hinges on turning millions of rooftop Starlink dishes into small cell towers, but SpaceX's spectrum holdings are a fraction of what T-Mobile, AT&T and Verizon already control.

SpaceX Bought $329 Million in Tesla Batteries This Year, Filing Shows

SpaceX spent $329 million on Tesla Megapack batteries in 2026 so far, including $295 million in the second quarter alone, according to a regulatory filing. The batteries are almost certainly powering xAI's data centers, and the whole arrangement runs through companies Elon Musk controls on every side of the transaction.

AMD and SpaceX Both Beat Earnings Estimates. Both Stocks Fell Anyway

AMD topped revenue and profit forecasts and SpaceX blew past revenue estimates in its first quarter as a public company, but both stocks dropped after the numbers came out. The reason: AI spending is exploding and Wall Street wants proof it pays off, not just bigger bets.

SpaceX Reports Revenue Doubled to $7.8 Billion in First Earnings Since Going Public, Still Lost $541 Million

SpaceX posted its first quarterly earnings report since its record-breaking IPO, showing revenue nearly doubled to $7.8 billion on Starlink growth and new AI compute deals with Anthropic and Google. The company still lost $541 million for the quarter and its stock has fallen well below its IPO price, dropping as much as 8% after hours following the report.

Tesla's Shanghai Plant Had Its Best June Ever. Elon Musk May Still Be Planning to Cut It Loose.

Tesla built a record 93,579 cars at its Shanghai factory in June, up 38 percent year over year, with nearly 40 percent shipped overseas. But Chinese sales have fallen for over a year, and Tesla executives reportedly are working to separate the China business from the rest of the company, a claim Tesla denies.

SpaceX Posts First Earnings Report as a Public Company, Stock Already Down 24% Since IPO

SpaceX reported its debut quarterly earnings Tuesday after the bell, the first Wall Street test since its June IPO. The stock has already shed roughly 24% and $500 billion in market cap since its $150 open, and two analyst firms are telling clients to sell.

SpaceX Nears Deal for 130,000 Acres of Louisiana Marshland Tied to ExxonMobil Settlement

SpaceX and the state of Louisiana are close to finalizing a deal for roughly 130,000 acres of coastal marsh near Pecan Island, land freed up by an ExxonMobil pollution settlement. Gov. Jeff Landry is expected to announce it this month, but neither side has confirmed details publicly. This is a real estate play with real environmental stakes, not a fringe rumor.

A Dead SpaceX Rocket Stage Is Set to Slam Into the Moon Wednesday. Nobody Owns the Cleanup

A spent Falcon 9 upper stage, drifting derelict for a year and a half, is expected to hit the far side of the moon's near-side edge early Wednesday at roughly 5,400 mph. No one is liable, no one is cleaning it up, and there's no international rulebook that says anyone has to be.

The 4.5 Million Deaths Claim Against Musk and USAID Cuts Doesn't Hold Up to Basic Math

Rep. Ro Khanna and the LA Times editorial board are still citing a Lancet study claiming USAID cuts will cause millions of deaths, but the study's own math implies USAID single-handedly saved more than 100% of the global mortality decline since 2001. The study's authors have quietly retreated from the number under peer criticism, yet no outlet that reported it has issued a correction.

SpaceX Stock Falls 19% Below Its IPO Price After June's Record Debut

Space Exploration Technologies (SPCX) went public in June in the largest IPO ever, spiked to $225, and has since dropped to around $109, roughly 19% below its $135 IPO price. Analysts are split: The Motley Fool sees a Tesla-style comeback story in the making, while Seeking Alpha rates the sector ETF a Sell and warns of more downside.

Dead SpaceX Rocket Set to Hit the Moon Wednesday, Aug. 5, Near Einstein Crater

A spent Falcon 9 upper stage that's been drifting since January 2025 is on course to slam into the moon on Wednesday at 5,400 mph, carving out a crater and possibly throwing up a dust plume visible to advanced telescopes. Nobody planned this. It's an accident that scientists are treating as a rare, useful experiment.

Zelenskyy Asked Trump to Get Musk's Sign-Off for Starlink-Guided Strikes Inside Russia, Trump Gave No Answer

During the July 28 White House meeting, Zelenskyy asked Trump to personally lean on Elon Musk to let Ukraine use Starlink to guide drone strikes against mobile missile launchers deep in Russia. Trump said he'd think about it. Musk turned down a separate meeting with Zelenskyy to discuss it directly.

Tesla Reportedly Weighs Selling China Business to Clear Path for SpaceX Merger, Musk Calls It Fake News

The Wall Street Journal reports Tesla executives have been told to prepare options for separating the China business, including a spinoff, sale or closure, ahead of a possible Tesla-SpaceX merger. Elon Musk denied the report on X. Tesla shares still rose about 2% in premarket trading on the news.

Space Force Awards SpaceX $1.6 Billion for Two More Spy Satellite Launches

Space Systems Command handed SpaceX two task orders worth $1.6 billion to launch surveillance and targeting satellites in 2027. It's the first award under the newly expanded $17 billion Lane 1 launch program, and SpaceX keeps racking up national security launch contracts while the Pentagon stays vague on the details.

Elon Musk Plans to Revive America PAC Ahead of November Midterms

Elon Musk is reportedly restarting America PAC, the super PAC that spent over $260 million backing Donald Trump in 2024, to boost Republican turnout in the November 3 midterms. No specific spending figure has been disclosed, and the plan comes as polling shows Trump's approval underwater on the economy and Iran.

xAI Sues Minnesota to Block Nudification Law Days Before It Takes Effect

Elon Musk's xAI filed suit against Minnesota on Monday, arguing the state's new ban on AI 'nudification' technology exposes the company to billions in penalties and violates the First Amendment. The law takes effect August 1 and is aimed at fake nude images generated by tools like Grok, which has separately drawn lawsuits and a UK lawmaker's legal action over sexualized outputs of real people.

Elon Musk's xAI Sues Minnesota to Block Ban on AI 'Nudify' Apps

xAI is suing Minnesota Attorney General Keith Ellison to stop a law banning AI apps that generate non-consensual nude deepfakes, calling it an unconstitutional speech restriction. The company is fighting this battle in multiple states even as it faces its own lawsuit alleging its Grok chatbot was used to create child sexual abuse material.

Tesla Shares Slide, Lockheed and SK Telecom Gain as Wall Street Braces for Big Tech Earnings and Fed Meeting

Tesla stock got hammered last week while Lockheed Martin and SK Telecom posted gains, according to Morningstar. Investors now turn to a July FOMC meeting and earnings from Amazon, Apple, Meta and Microsoft, with the AI-spending debate hanging over every one of those reports.

Fired Tesla Manager Sues, Claims FSD Safety Operators Were Stretched to 38-to-1 Ratio

Javier Medrano, a fired Tesla manager who oversaw Full Self-Driving safety operators in Houston, is suing for retaliation and claims Tesla let his operator ratio balloon to 38-to-1 against a 1-to-15 internal target. He alleges the understaffing contributed to a crash he processed while asleep, then Tesla fired him after he escalated the problem. Tesla has not publicly responded to the lawsuit.

Six House Members Bought SpaceX Stock Days After Its IPO. Five Sit on Committees That Oversee Musk's Business.

Within six days of SpaceX going public on June 12, at least six House members or their families bought up to $245,000 in shares, according to a CNBC review of financial disclosures. Five of those lawmakers sit on committees overseeing defense, satellite communications, AI, or securities markets, the same areas SpaceX depends on for billions in federal contracts.

FCC Exempts SpaceX's Starlink Routers From Foreign-Made Networking Gear Ban Through 2028

The FCC gave Starlink a pass on its own ban of foreign-made consumer routers, with the Department of Defense signing off on the exemption through February 1, 2028. Netgear, Amazon's Eero and Adtran got similar approvals earlier. TP-Link, founded in China, is still waiting.

Amazon Files With FCC For 5,105-Satellite Network To Compete With SpaceX On Phone Connectivity

Amazon asked federal regulators for a license to build a 5,105-satellite constellation aimed at connecting directly to mobile phones, using spectrum from its recent Globalstar acquisition. The plan depends on rockets that don't fully exist yet, and even SpaceX's own carrier partner admits barely anyone uses this technology today.

Singer D4vd Ordered to Stand Trial for Murder of 14-Year-Old Found in His Tesla

A Los Angeles judge ruled there's enough evidence for musician D4vd, legal name David Anthony Burke, to stand trial for the murder of 14-year-old Celeste Rivas Hernandez. Separately, a federal appeals court revived death penalty aggravating factors, including racial motive, against Buffalo mass shooter Payton Gendron ahead of his fall trial.

CME Launches Single-Stock Futures on Nvidia, SpaceX and 50-Plus Other Stocks, Trading Nearly 24 Hours a Day

CME Group rolled out 77 single-stock futures contracts on Monday, letting traders bet on Nvidia, Apple, Tesla, SpaceX and dozens of other names almost around the clock, five days a week. It's leveraged, it's cheaper upfront than buying options, and it's exactly the kind of product that burns people who don't respect margin calls.

Tesla's Robotaxi Miles Fell 36% in Q2 While Uber Hands Travis Kalanick $1.7 Billion for a New Robotics Bet

Tesla's own shareholder letter shows paid robotaxi miles dropped from 1.1 million in Q1 to roughly 700,000 in Q2, even as Elon Musk keeps touting expansion. Meanwhile Uber co-founder Travis Kalanick just landed $1.7 billion, with Uber itself as an investor, for a robotics and automation push built around his ghost-kitchen company Atoms and a newly acquired industrial automation startup called Pronto.

Musk Says SpaceX Will Try to Catch Starship's Upper Stage on Flight 14

One day after Starship's first intact splashdown, Elon Musk says SpaceX will attempt a full tower catch of the ship itself on Flight 14, not just the booster. It's a much harder trick than catching Super Heavy, and SpaceX hasn't set a date yet.

Starship Flight 13 Sticks Its First Intact Splashdown, One Day After Musk's $130 Billion Weekly Wealth Drop

SpaceX finally landed a fully intact Starship in the Indian Ocean on July 24, its softest splashdown yet, giving the program real heat-shield data for the first time. It's a genuine technical win, but it lands right in the middle of a brutal stretch for Elon Musk's net worth, which just fell $130 billion in a week as Tesla posted its worst rout since 2022 and SpaceX stock slid below its IPO price.

Morgan Stanley Puts Buy Ratings on Alibaba, Grab, Cadence, Global Payments and SpaceX Ahead of Earnings and a Lockup Deadline

Morgan Stanley analysts are telling clients five separate names are underpriced heading into catalysts: Alibaba's late-August earnings, Grab and Cadence's upcoming reports, Global Payments' August 5 results, and SpaceX's August 6 lockup expiration. The bank's math assumes AI demand keeps compounding across cloud, memory chips, and orbital connectivity, a bet that's been right for two years running but isn't guaranteed to stay that way.

SpaceX's Starship Flies Again: Starlink Satellites Deploy Fine, Booster Blows Up in the Gulf Again

SpaceX launched its 13th Starship test flight Friday, successfully deploying 20 next-generation Starlink satellites and landing the upper stage intact in the Indian Ocean. The Super Heavy booster, however, failed to relight enough engines for its landing burn and slammed into the Gulf of Mexico, the second straight booster failure for the new V3 rocket.

Musk Loses $130 Billion in a Week as Tesla Posts Worst Slump Since 2022 and SpaceX Slides Below IPO Price

Tesla shares fell 18% this week after weak earnings and negative free cash flow, while SpaceX stock dropped 7.2% and remains below its $135 IPO price. Combined, the two losses wiped roughly $130 billion off Elon Musk's net worth, and he's no longer a trillionaire, at least for now.

Elon Musk Tells The Economist He 'Got Carried Away' With Trump, Denies Backing the Far Right

In a wide-ranging interview with The Economist's Zanny Minton Beddoes, Elon Musk said he got too deep into politics during his Trump alliance and DOGE run, while separately rejecting the label 'far right' for the immigration and spending positions he holds. He also laid out predictions about AI replacing most human work within a decade.

SpaceX Reportedly Stops Booking Falcon 9 Launches Past 2028, Betting Everything on Starship

SpaceX has reportedly told satellite operators it won't book dedicated Falcon 9 launches beyond 2028 and has halted production of some Falcon components, according to Bloomberg. The move signals SpaceX is going all-in on Starship, a rocket that suffered a launch abort and has coincided with more than $1 trillion in market capitalization wiped out, with shares trading well below their IPO price.

NHTSA Opens Door-Handle Rulemaking After 15 Deaths Tied to Tesla's Flush Handles

Federal regulators announced July 23 they'll start writing new rules requiring every automaker to build obvious, workable emergency door releases, after Bloomberg's reporting tied at least 15 deaths to Tesla's flush electronic handles losing power in crashes. NHTSA denied opening a Tesla-specific defect probe but granted the broader petition, meaning this becomes an industry-wide problem, not just Elon Musk's.

Tesla Shares Fall 14% After Second-Quarter Earnings Miss Wall Street Estimates

Tesla stock dropped about 14% Thursday, July 23, 2026, after a second-quarter report showing operating income down 57% and adjusted earnings per share of 33 cents versus the 51-cent estimate. Revenue actually beat expectations at $28.24 billion, but margins collapsed as Musk keeps pouring cash into robotaxis and Optimus with no near-term payoff.

Tesla Falls 14%, Alphabet Drops 6% as Wall Street Balks at AI Spending Bills

Tesla and Alphabet both beat revenue expectations Wednesday, but investors punished the stocks anyway over ballooning capital spending and negative free cash flow. Alphabet now expects to spend up to $205 billion this year on AI infrastructure, and Tesla's capex jumped 142% in a single quarter, raising the obvious question of when any of it pays off.

Tesla Pushes Cybercab, Semi and Megapack Volume Production Past 2026 as Spending Doubles and Cash Flow Turns Negative

Tesla quietly dropped its 2026 volume-production targets for the Cybercab, Semi and Megapack 3 in its second-quarter shareholder letter, and scrubbed language about Optimus reaching volume production too. Revenue grew nicely, but net income fell, operating income cratered 57%, and free cash flow went negative $1 billion as capital spending more than doubled.

Tesla Sold More Cars Than Ever in Q2. It Made a Lot Less Money Doing It.

Tesla posted record Q2 2026 revenue of $28.24 billion on 480,126 deliveries, beating Wall Street's revenue forecast. But profit collapsed, with adjusted earnings of $0.33 a share missing consensus estimates of roughly $0.50 to $0.55, and shares fell about 3% in after-hours trading. Selling cars cheaper worked. It didn't pay.

Short Sellers Push SpaceX Bets to 32% of Float, Musk Says They Won't Survive

Short interest in SpaceX has grown to about 32% of the company's publicly tradable float, roughly $25 billion in bearish bets, according to S3 Partners. Elon Musk fired back on X, and the stock rebounded sharply Tuesday, but the real test comes Aug. 4 when SpaceX reports its first quarterly earnings as a public company, just before lock-up restrictions begin freeing up shares on Aug. 6.

SpaceX Insider Lockup Starts Lifting Aug. 6, Freeing Up to $116 Billion in Stock

SpaceX's post-IPO lockup begins expiring August 6, two days after its first quarterly earnings report as a public company, making up to 911.5 million insider shares eligible for sale. The stock, trading under ticker SPCX, jumped 7.32% Tuesday to $128.62 but remains down more than 43% from its 52-week high of $225.64.

Alphabet, Tesla and IBM Headline a Big Week of Earnings, With 88% of S&P 500 Reports So Far Beating Estimates

77 S&P 500 companies, including Alphabet, Tesla, GM, CME Group and IBM, are set to report second-quarter results this week. Of the roughly 50 companies that have already reported, 88% beat analyst earnings expectations, according to FactSet, though that number reflects a low bar Wall Street sets every quarter, not proof the economy is thriving.

Uber and Waymo Split Over D.C. Robotaxi Bill, With Tesla and Lyft Piling On Fee Complaints

A D.C. Council hearing this week exposed a widening rift between Uber and Waymo over proposed autonomous vehicle rules, with Uber pushing a hybrid human-driver mandate that insiders say has little chance of passing. Tesla and other AV developers separately attacked the bill's steep fees and testing requirements, while Waymo, already ahead of the mileage threshold, is one of the only companies backing it as written.

SpaceX Stock Down 23% Since Nasdaq-100 Debut as Starship Test Flight Aborted

SpaceX shares have dropped nearly 23% since joining the Nasdaq-100, extending losses to nine of the last 10 trading days after a scrubbed Starship launch this week. The company says two Raptor engines will be swapped out before another attempt, planned for early next week.

Agility Robotics Opens 60,000-Square-Foot Robot Training Facility Minutes From Tesla's Optimus Plant

Agility Robotics is setting up shop in Fremont, California, right next to where Tesla plans to build its Optimus humanoid robots. Unlike Tesla, Agility already has a working robot generating revenue for real customers, and it's betting that head start matters more than Elon Musk's bank account.

NPR Names Three Children Whose Deaths Followed USAID Funding Cuts, Contradicting Rubio and Musk's 'Zero Deaths' Claim

Secretary of State Marco Rubio told Congress in May 2025 that "no children are dying" from the shutdown of USAID. Elon Musk repeated the claim in June, daring critics to name a single victim. NPR did exactly that, documenting three children in Nigeria and Kenya whose parents and health workers say lost aid funding contributed to their deaths.

Memphis Residents Living Near Musk's xAI Data Centers Say Gas Turbine Noise and Emissions Are Fueling a National Backlash

Elon Musk's xAI has built a massive AI computing hub in Memphis powered by gas turbines, and neighbors say the noise and emissions are unbearable. The backlash is now spreading to state capitals, with New York and New Jersey passing laws aimed at data centers, while xAI's business keeps growing regardless.

xAI Sues Its Own User Over Grok-Generated Child Abuse Images While Facing a Separate Class Action for the Same Problem

xAI is suing South Carolina man Terry Wayne Harwood, claiming he abused Grok to generate CSAM, while simultaneously facing an expanded class-action lawsuit accusing the company of failing to properly report Grok-generated abuse images to child safety authorities. Both cases center on the same core failure: Grok's safeguards didn't stop the abuse, and the company's response afterward is now under legal scrutiny from two directions.

Google Buys America's Biggest Solar Project While xAI Runs Gas Turbines Without Federal Air Permits

Google just signed on as anchor investor for a 2.5-gigawatt solar and battery project in Arkansas, its largest clean power deal ever. Forty miles south, Elon Musk's xAI is running dozens of natural gas turbines near Memphis without the federal clean air permits regulators say the emissions require, and a Reuters investigation found the pollution lands hardest on predominantly Black communities in Mississippi.

Zipline Now Makes a Drone Delivery Every 20 Seconds, Hires Ex-Tesla and Waymo Execs to Scale Up

South San Francisco drone delivery company Zipline has hit 2.5 million commercial deliveries and is bringing in executives from Tesla, Waymo and Uber to push into new markets. This is a genuine American manufacturing and logistics success story, built on private capital, not government mandates.

Wisconsin Elections Panel Says Musk's $1 Million Voter Checks Likely Broke State Law, Refers Case to Prosecutor

A bipartisan Wisconsin panel voted 5-1 to send two complaints against Elon Musk to a district attorney over $1 million checks he handed voters before the 2025 state Supreme Court race. The Brown County DA now has 40 days to decide whether to file charges. Nothing has been proven in court, and Musk has not commented.

xAI's Grok Coding Tool Was Uploading Users' Full Codebases to Google Cloud, Researchers Find

Security researchers at Cereblab found that xAI's Grok Build CLI was silently uploading entire code repositories, including files it was told not to touch and secrets deleted from history. xAI disabled the upload after the findings went public, and Elon Musk says all previously collected data will be deleted.

SpaceX Stock Down 35% From Its Peak One Month After Record IPO

SpaceX's June 12 IPO was the largest in history, with shares briefly topping $225 on AI hype. A month later, shares sit around $145, down 35% from that peak, and retail investors who bought early are underwater. This is what happens when hype outruns the actual business model.

Uber Lobbyist Circulated New Jersey Bill Language That Would Block Waymo, Zoox and Tesla Robotaxi Apps

Documents reviewed by Wired show an Uber lobbyist pitched New Jersey lawmakers on rules requiring human drivers to handle 85% of rides on any driverless ride-hail app for three years, a restriction that would effectively bar standalone robotaxi apps from Waymo, Zoox and Tesla. The language isn't in the current bill, but it shows Uber trying to write its own market advantage into state law while claiming to welcome robotaxi competition.

Chinese Sellers Are Marketing Fake Heads to Trick Tesla's Driver-Monitoring Camera

Dashboard-mounted doll heads selling for $20 to $50 on Chinese e-commerce sites are reportedly being used to spoof Tesla's cabin camera into thinking an inattentive driver is watching the road, according to Electrek. Full Self-Driving remains a supervised system that requires an alert human behind the wheel, and defeating that safeguard for a novelty item is reckless, full stop.

SpaceX Files FCC Application to Launch 100,000 Gen3 Starlink Satellites, Targeting Multi-Gigabit Speeds and AI Device Connectivity

SpaceX has applied to the FCC for permission to deploy 100,000 third-generation Starlink satellites in very low Earth orbit, promising multi-gigabit symmetrical broadband and connectivity for AI-powered devices. The satellites weigh over two tons each, making Starship the only rocket capable of launching them at scale. Starship is not yet ready for operational commercial payload delivery, leaving Falcon Heavy as the interim launch vehicle.

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