xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
Elon Musk
Tesla sends driverless Model Y from factory to customer to promote its robotaxi tech
The car traveled around 15 miles on highways, surface streets, and even a roundabout. But many questions remain about the stunt.
SpaceX’s Starbase city officials silent on crane collapse
A crane collapsed at SpaceX’s South Texas rocket facility this week, and the company’s newly-formed city won’t say if anyone was hurt. On June 23, a crane being used to clean up debris from the…
Elon Musk reportedly fires Tesla’s top sales exec
Omead Afshar, one of Musk’s top lieutenants, is out after more than seven years at the company. He was recently elevated to a VP role in late 2024.
Jeff Bezos is reportedly courting Trump after public spat with Musk
Bezos allegedly sees an opening for his space company, Blue Origin, now that Musk has been diminished in the eyes of the President.
Elon Musk’s xAI is reportedly seeking a $4.3B equity raise
Elon Musk’s xAI company is looking to raise $4.3 billion in equity funding, adding onto the $5 billion it’s seeking in debt funding.
Musk targets June 22 launch of Tesla’s long-promised robotaxi service
Tesla CEO Elon Musk said his company will start offering public rides in driverless vehicles in Austin, Texas, on June 22.
Will Musk vs. Trump affect xAI’s $5 billion debt deal?
While the online feud between Elon Musk and President Donald Trump seemed to drive traffic to Musk’s social media platform X (formerly Twitter), it could also create issues for the platform’s parent company xAI. Musk…
Tesla’s Optimus robot VP is reportedly leaving the company
The head of Tesla’s Optimus humanoid robot program, Milan Kovac, is leaving the company, according to Bloomberg News. The departure comes as Tesla CEO Elon Musk has claimed the company will have “thousands” of Optimus…
Why are Elon Musk and Donald Trump fighting?
Elon Musk donated $288 million to Trump’s 2024 election campaign, but now the tech mogul is calling for Trump’s impeachment.