SpaceX Financial News

Steve Bannon has eventually advised Tesla CEO Elon Musk to ‘study modern political history’ amidst the ongoing heated debate surrounding H-1B visas which Elon Musk has publicly supported, reported Insider.

Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

Tesla and SpaceX, has described the H1-B visa system as “broken” and called for reforms to curb its misuse. The programme, which allows US companies to employ highly skilled foreign workers, has been criticised for enabling the hiring of low-wage workers, particularly in the tech industry.

Elon Musk, the billionaire CEO of Tesla and SpaceX, vowed to go to «war» to defend the H-1B visa program for foreign tech workers late on Friday amid a dispute between President-elect Donald Trump's longtime supporters and his most recently acquired backers from the tech industry.

Elon Musk’s vision of creating a company town for SpaceX employees is taking shape as workers in South Texas have petitioned to establish a municipality named "Starbase." Located near Boca Chica Beach, where SpaceX's rocket launches take place, the town would span 1.5 square miles and accommodate approximately 500 residents, including SpaceX employees and their families.

Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.

Morning Joe’, the panelists discussed the potential fracture of the political alliance between US President- elect Donald Trump and Tesla CEO Elon Musk while prompted by Donald Trump's recent speech asserting his control over the partnership, reported Huffpost.

Palantir Technologies and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday. The consortium, which could announce agreements with other tech groups as early as January, is expected to include SpaceX, OpenAI, autonomous shipbuilder Saronic and artificial intelligence data group Scale AI, the newspaper said, citing several people with knowledge of the matter. «We are working together to provide a new generation of defence contractors,» a person involved in developing the group told the newspaper.

Elon Musk and Jeff Bezos have become the two wealthiest men in the world thanks to their breakthrough technology companies. But Musk, through SpaceX, has long held a big lead in the pursuit closest to their hearts: colonizing space. Now, their space race is entering a new era as Bezos approaches two milestones that, if successful, could chip away at Musk's dominance. Bezos' rocket company, Blue Origin, is planning to soon launch New Glenn, a massive rocket that will compete directly with SpaceX's reusable Falcon 9 rockets. Then Amazon — founded by Bezos, who serves as its board's executive chair — is preparing to deploy Project Kuiper, the company's network of satellites that will challenge SpaceX's Starlink network in providing internet access from space in low Earth orbit.

SpaceX, the space venture of billionaire entrepreneur Elon Musk, caused a loss of ground control for at least an hour during a mission that included the first private spacewalk in history, according to three people familiar with the problem. The spacewalk, part of SpaceX's five-day Polaris Dawn mission, was carried out by private astronauts including Jared Isaacman, a fellow billionaire and longtime Musk partner who is now nominated by incoming President Donald Trump to be administrator of the National Aeronautics and Space Administration, or NASA. The outage, which has not previously been reported, meant that SpaceX mission control was briefly unable to command its Dragon spacecraft in orbit, these people said. The vessel, which carried Isaacman and three other SpaceX astronauts, remained safe during the outage and maintained some communication with the ground through the company's Starlink satellite network.

Elon Musk, the billionaire entrepreneur known for his leadership at Tesla, SpaceX, and X (formerly Twitter), has recently made headlines in an unexpected domain—gaming. While Musk is widely recognized for his technological innovations, his latest foray into competitive video gaming has sparked controversy. Musk, who has previously boasted about his gaming skills, particularly in titles like Diablo 4, faced an unusual setback when he was banned from the Path of Exile 2 server. After his success in Diablo 4, Musk turned his attention to Path of Exile 2, where he continued to showcase his gaming expertise. However, his gaming experience took a surprising turn when he shared a post on X, revealing that he had been kicked off the server for allegedly cheating. According to Musk’s post, the disconnection was due to performing “too many actions too fast,” leading to an automatic ban. Musk, however, was quick to deny any use of cheating software and explained that his actions were simply a result of his high-speed gameplay, attributing the incident to his ability to perform actions at a rapid pace. He humorously dismissed the idea of using macros or external tools to enhance his performance.

Subscribe to enjoy similar stories. The payloads SpaceX launches into the heavens for the U.S. military and spy agencies are usually treated as a government secret, shared only with select employees at the rocket company who hold special security clearances.

OpenAI researcher, Suchir Balaji, who recently raised concerns about OpenAI breaking copyright law, was found dead in his San Francisco apartment. Tesla and SpaceX CEO Elon Musk, who is currently in a legal battle with OpenAI CEO Sam Altman, responded to the news with a cryptic 'hmm' post on X.

Jimmy Kimmel humorously speculated on the potential fallout between US President- elect Donald Trump and renowned tech billionaire Elon Musk specifically if Elon Musk ends up winning the Time magazine's 2024 ‘Person of the Year’ over Donald Trump, reported Huffpost. According to Huffpost, Jimmy Kimmel actually quipped that such an outcome would lead to their relationship ending dramatically while likening it to a SpaceX rocket explosion. Also Read: Who is Matthieu Blazy? Here’s what you need to know about him

SpaceX and Tesla CEO Elon Musk has scaled yet another peak as the world's richest person, with his net worth surpassing the $400 billion mark as per the Bloomberg Billionaires Index. Musk’s net worth stands at $447 billion, gaining $ 218 billion in this calendar year so far, and has surpassed the combined wealth of billionaires Jeff Bezos and Bill Gates, according to the Bloomberg Billionaires Index data.

Elon Musk. A day after Musk became the first person to surpass $400 billion net worth, Tesla's stock price reached $420 on Wednesday afternoon which prompted responses from social media users and the company's CEO, Elon Musk. «As foretold in the prophecy,» Musk wrote in an X post that included a screenshot of the stock. Tesla stock has reached the threshold previously, but today marked the first time the share price crossed the $420 threshold since the stock split in August 2022.

Elon Musk's net worth has surpassed $400 billion, according to the Bloomberg Billionaires Index, setting a new milestone Wednesday for the world's richest person, as per a report. The jump in wealth, the business news outlet reported, came after SpaceX and its investors agreed to purchase as much as $1.25 billion of insider shares in a transaction that valued the rocket and satellite company at about $350 billion, AFP reported. The transaction increased Musk's personal wealth by about $50 billion to $440 billion, Bloomberg said.

Billionaire Elon Musk’s close proximity to President Trump was the first indication of the President-elect’s willingness to further a neo-tech agenda. Musk has been given the responsibility, along with Vivek Ramaswamy, to head the the Department of Government Efficiency (DOGE), which will work towards cutting wasteful government spending and reducing budget deficits. Musk, the founder of new-gen technology firms like SpaceX, Neuralink and Starlink, is touted to be the 'world’s second most powerful person' after Trump takes office in January, according to an Axios report. Also Read: Real shame? After being pelted with mud in flood-hit Valencia, Spain's King Felipe and Queen Letizia cause political scandal for not showing up at Notre Dame reopening ceremony

SpaceX represents the largest holding of the trust, at 7.6% of the portfolio, an investment that has led to a «strong recent run» for the vehicle in past months, according to Stifel analysts William Crighton, Iain Scouller and Sachin Saggar.  The trust is now trading on a premium of 3.8%, according to data from the Association of Investment Companies, a rarity in the investment trust sector that has been dominated by discounts in recent years.  This premium was driven by a rise in the net asset value of its assets, with SpaceX spearheading the uptick.  Baillie Gifford withdraws fro...

Subscribe to enjoy similar stories. ON December 5th a Long March 6a rocket blasted off from Taiyuan Satellite Centre, in Shanxi province in northern China. Aboard was the third batch of satellites for the Qianfan, or “SpaceSail" network, which aims to deploy a “mega-constellation" of thousands of satellites to beam fast internet access to users anywhere in the world.