Elon Musk

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Trump Buys Up to $50K Stake in SpaceX

Investment comes as administration shapes policies affecting Musk's company

(Newser) - President Trump now owns a slice of Elon Musk's rocket empire, Reuters reports. A new financial disclosure shows the president bought between $15,001 and $50,000 worth of SpaceX shares on June 23, one of more than 1,000 stock trades he made that month. The purchase gives...

Ukraine Is Getting Nervous About Russia's Starlink Rival

Moscow has already launched dozens of Rassvet satellites

(Newser) - Ukraine is watching a new Russian satellite project with growing concern. Maj. Gen. Vadym Skibitskiy, a senior Ukrainian intelligence official, says Moscow is rapidly deploying "Rassvet," or "Dawn," a low-orbit internet system meant to mirror SpaceX's Starlink—and potentially restore the communications edge Ukraine helped...

Watchdog: DOGE Massively Overstated Savings Claims

Many of the contract cuts touted by group never happened, Government Accountability Office says

(Newser) - Elon Musk's government cost-cutting squad is accused of inflating its wins. A new Government Accountability Office audit says the US DOGE Service routinely overstated budget savings, including taking credit for lease cancellations that were already in motion before the group existed and listing contract cuts that never happened, the...

SpaceX Posts $541M Loss, Big Jump in Revenue

Loss disclosed in first report as a public company was less than analysts expected

(Newser) - SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared. The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the...

Susan Collins Is About to Get a Big Boost From Musk: Report

His America PAC will reportedly fund GOP Senate races in 8 states, including Maine, per NYT

(Newser) - Elon Musk is poised to become a major player in this fall's Senate map, with Maine's Susan Collins at the center of his plans. Sources tell the New York Times that Musk has authorized his America PAC to deploy $100 million to $120 million to aid Collins and...

China Vows Retaliation Over US Humanoids Ban

Beijing warns of countermeasures, says FCC move on foreign robots hurts trade

(Newser) - Washington's latest tech move has Beijing sharpening its claws. On Thursday, China's Commerce Ministry blasted the US Federal Communications Commission's new limits on importing advanced foreign-made robots, including humanoids, calling the step a serious blow to already strained trade ties and warning of retaliation if the decision...

Musk Said He Got 'Too Involved in Politics.' Now, a 180

World's richest person revives his America PAC to fuel GOP turnout for the midterms

(Newser) - Elon Musk is again opening his checkbook for Republicans, this time to try to shape the 2026 midterms. Axios reports that the billionaire is reviving his America PAC, the super PAC that poured more than $260 million into backing Donald Trump in 2024 and made Musk the biggest individual donor...

SpaceX's xAI Sues State Over Law Targeting 'Nudify' Apps

Company says Minnesota deepfake penalties violate First Amendment protections

(Newser) - Elon Musk's AI outfit is taking Minnesota to court over a law that hasn't even kicked in yet. SpaceX-owned xAI on Monday sued state Attorney General Keith Ellison, arguing that Minnesota's new crackdown on "nudify" apps tramples the First Amendment by imposing an overly broad, content-based...

SpaceX Hits Record Low Despite Starship Success

Flight 13 hit every major goal

(Newser) - SpaceX's biggest rocket has notched one of its most successful test flights yet, but investors are still hitting the sell button. The company flew Starship for the 13th time on Friday, completing every major goal on what was only the second flight of its third-generation vehicle: deploying 20 Starlink...

Elon Musk: I Went Too Far With Politics
Elon Musk: I
Went Too Far
With Politics
interview
Jul 24, 2026 10:44 AM CDT

Elon Musk: I Went Too Far With Politics

Billionaire reflects on his time with DOGE, AI, and more in a new interview with the Economist

(Newser) - Elon Musk says his detour into governing went further than he intended and "I got a lot of flak." In a new interview with the Economist , the Tesla and SpaceX chief reflected on his brief political turn under President Trump. "I think I got a little too...

Musk Says Grok AI Will Make 'Historically Accurate' Odyssey

Billionaire touts AI-made film after attacking Nolan's casting

(Newser) - Christopher Nolan's The Odyssey has been a box-office smash, but Elon Musk apparently believes that what audiences really want is a Grokssey. Musk, who has repeatedly criticized Nolan's movie over its diverse casting, said in a post on X that his AI platform will generate a feature-length version...

SpaceX Stock Dips Below IPO Price
SpaceX Stock Slides
Below Key Level
Jul 15, 2026 2:50 PM CDT

SpaceX Stock Slides Below Key Level

It falls below $135 IPO price ahead of latest Starship test flight

(Newser) - Investors are hitting the brakes on SpaceX barely a month after its splashy market debut. The stock slid for a fourth straight day on Wednesday, dipping below its $135 IPO price for the first time, the Wall Street Journal reports. It fell as low as $132.15 before rising to...

Musk's $1M Wisconsin Checks Likely Broke Law: Board

Billionaire handed out checks to voters ahead of impactful 2025 election

(Newser) - Billionaire Elon Musk likely broke Wisconsin law when he handed out $1 million checks to voters in the 2025 state Supreme Court election, a bipartisan panel has found. The Wisconsin Elections Commission last week referred two complaints to the Brown County district attorney's office, which can choose to bring...

In Posts, Musk Jumps on Apple Suit Against OpenAI

Billionaires trade insults after their own showdown in court

(Newser) - The tech world's longest-running AI breakup flared up again over the weekend, with Elon Musk and Sam Altman trading jabs on X. The exchange followed the filing of Apple's lawsuit against OpenAI, accusing it of misusing trade secrets. Musk picked up on those allegations by calling the OpenAI...

Big First for Japan in Race to Compete With SpaceX

JAXA successfully launches, lands RV-X experimental reusable rocket

(Newser) - Japan's experimental reusable rocket took off and safely landed in a first test flight on Saturday as the country seeks to achieve the technology key to cutting launch costs and competing in the global space market dominated by SpaceX. The RV-X rocket lifted off, hovered, and moved horizontally before...

Russia Using 'Parasitic Signals' to Stymie Ukraine's Drones

Ukrainian commanders say they've hit 2 Volna Kupol Garant jammers lobbed against their drones

(Newser) - Russia is trying to knock Ukraine's most effective new weapons offline by going after the internet that sets them in flight. Ukrainian drone commanders and pilots say Moscow is rolling out strong jamming systems aimed at disrupting Starlink, the SpaceX satellite network that guides many of Kyiv's long-range...

Tesla Reports Surprisingly Strong Sales
Tesla Smashes Q2
Delivery Forecasts
Jul 2, 2026 11:02 AM CDT

Tesla Smashes Q2 Delivery Forecasts

Stock drops despite delivery figures that were way above analysts' expectations

(Newser) - Tesla just turned in a blowout delivery quarter, but investors didn't cheer. The EV maker says it handed over 480,126 vehicles in the second quarter of this year, far above Wall Street forecasts of about 406,000 and up 25% from a year ago, CNBC reports. Deliveries jumped...

New Sign That the Musk- Trump Deep Freeze Is Over

SpaceX may bankroll new 'Trump Accounts' for kids, if talks go well

(Newser) - SpaceX could soon be helping to bankroll one of President Trump's signature policy ideas. Semafor reports that the Trump administration has held talks with Elon Musk's company about contributing SpaceX stock to the new "Trump Accounts," government-backed savings accounts for children set to launch on July...

Space Tourism Is Growing, but Most Will Never Be Able to Go

Billionaire-led firms bet on suborbital flights, costlier orbital trips that can cost tens of millions per person

(Newser) - Space tourism hasn't exactly rocketed into the mainstream since Dennis Tito's $20 million jaunt to the International Space Station in 2001, but it has quietly grown up. Per the New York Times , roughly 140 paying passengers have now made it to space, most on quick "up-and-down" suborbital...

Congressman Calls Out Musk, Who Threatens to Sue

Democrat Khanna suggests DOGE cuts endanger lives of millions of children

(Newser) - One of the nastier public fights of the week has been unfolding between Elon Musk and Democratic Rep. Ro Khanna. After Khanna accused Musk of endangering the lives of millions of children because of foreign aid cuts via DOGE, Musk threatened to sue and said Khanna should be in prison...

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