X now valued at $19bn – less than half of what Elon Musk paid for it
1 year, 1 month ago

X now valued at $19bn – less than half of what Elon Musk paid for it

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk’s X is now valued at about $19bn or less than half of what he paid for the social media company, according to a new report. Mr Musk’s reign has been marred by mass lay-offs, the chaotic rollout of a number of new features, including the site’s verification process, and the reinstatement of previously suspended high-profile accounts. In July, Mr Musk shared that X is “still negative cash flow” with a “50 per cent drop in advertising revenue plus heavy debt load”. Banks involved in financing Mr Musk’s deal to buy Twitter are also reportedly struggling to mitigate the impact of the platform’s decline in value on their balance sheets.

Tesla Company Musk Platform Twitter Mr Musk Indytech  valuation  musks  x  newsletter  elon  company  19bn  valued  sign  tesla  twitter  paid  half  platform  musk

History of this topic

Elon Musk's X hikes up price for premium plus plan to boost creator payments
Trending News
12 hours, 27 minutes ago

Elon Musk's X hikes up price for premium plus plan to boost creator payments

Hindustan Times  

Elon Musk-owned social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments, reported Reuters. X, formerly Twitter, has increased the price of its premium plus subscription Their top-tier plan has increased from $16 to $22 per month in the United States, reported Reuters citing a …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
1 week ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Bluesky is testing paid subscription features, may introduce paid tier like Elon Musk's X
1 week, 4 days ago

Bluesky is testing paid subscription features, may introduce paid tier like Elon Musk's X

Firstpost  

According to Bluesky’s GitHub page, the team is experimenting with several paid add-ons, which could include a profile badge, enhanced analytics, longer video uploads, and more profile customisation options As the app has grown rapidly—especially in the US, where usage has surged by over 500% in recent months—Bluesky is now looking at paid subscriptions as a potential revenue stream. Image …

SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era
1 week, 4 days ago

SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era

Firstpost  

This surge in SpaceX’s valuation comes after a secondary share sale, which has contributed to the company’s growing financial strength. SpaceX has reached a valuation of $350 billion, with Musk’s personal wealth now standing at $400 billion As SpaceX continues to soar, so does Elon Musk's personal fortune. With SpaceX's recent success, Musk’s net worth has surpassed $400 billion, making …

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark
1 week, 4 days ago

How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark

Hindustan Times  

Elon Musk has set a record as the first person to exceed a net worth of $400 billion, as per the Bloomberg Billionaires Index. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion A recent insider share sale at SpaceX, his aerospace company, is estimated to have …

Elon Musk becomes first person in history with $400 billion net worth
1 week, 5 days ago

Elon Musk becomes first person in history with $400 billion net worth

Hindustan Times  

SpaceX and Tesla CEO, Elon Musk, has become the first person in history to reach $400 billion in net worth, after a recent insider share sale as well as the recent US elections results, reported Bloomberg. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion According to …

Elon Musk becomes the first person on earth to reach a net worth of $400 billion
1 week, 6 days ago

Elon Musk becomes the first person on earth to reach a net worth of $400 billion

CNN  

New York CNN — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, …

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round
2 weeks, 2 days ago

Elon Musk's xAI Wraps Up $6 Billion in Funding in Latest Round

Deccan Chronicle  

Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. Bloomberg News reported in October that xAI was seeking new funding at a $40 billion valuation, not including …

Elon Musk's xAI raises another $6 billion from over 90 different investors in latest funding round
2 weeks, 3 days ago

Elon Musk's xAI raises another $6 billion from over 90 different investors in latest funding round

Firstpost  

OpenAI, which has raised $17.9 billion since its founding in 2015, remains a formidable competitor. xAI’s Colossus supercomputer is set to grow from 100,000 Nvidia GPUs to over a million Musk reportedly offered 25 per cent of xAI shares to those who supported his $44 billion acquisition of Twitter to offset their losses. Among these investors are Oracle founder Larry …

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion
2 weeks, 6 days ago

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion

Firstpost  

With an estimated valuation of $255 billion, SpaceX is already the most valuable private startup in the world. The potential sale would boost SpaceX’s valuation over $350 billion, which would place SpaceX among giants in the aerospace and technology sectors The potential valuation of $350 billion would put SpaceX on par with some of the largest publicly traded companies globally. …

SpaceX weighs tender offer at roughly $350 billion valuation
2 weeks, 6 days ago

SpaceX weighs tender offer at roughly $350 billion valuation

Live Mint  

SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $350 billion, according to people familiar with the matter. The so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in the closely held SpaceX a way to generate liquidity amid …

Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares
3 weeks, 4 days ago

Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares

Hindustan Times  

The investors who backed Elon Musk's takeover of social media platform X will see huge gains after a surge in the valuation of xAI, its artificial intelligence company. Yes or No?” This is because Musk gave 25% of of xAI's shares to those same investors who backed his $44 billion acquisition of Twitter. These investors include Fidelity, Oracle co-founder Larry …

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
3 weeks, 6 days ago

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale

Live Mint  

Can Elon Musk make a run at acquiring MSNBC? Musk, who hasn’t been shy about his criticisms of MSNBC, calling the network “utter scum of the Earth," fueled that story line in an exchange on X, the social-media platform he owns. “We are looking forward to the planned spin of our cable networks, which will create a new company owned …

Elon Musk Ponders Buying MSNBC: 'How Much Does It Cost?'
4 weeks ago

Elon Musk Ponders Buying MSNBC: 'How Much Does It Cost?'

Huff Post  

LOADING ERROR LOADING Elon Musk shared memes about buying MSNBC over the weekend after Comcast, MSNBC’s parent company, announced that it was spinning off its cable networks into a new company. On X, formerly known as Twitter, Donald Trump Jr. mentioned Musk in a post claiming that MSNBC was for sale, writing, “I have the funniest idea ever!! — Elon …

Elon Musk responds to Trump Jr’s hint at buying US media outlet: ‘How much does it cost?’
1 month ago

Elon Musk responds to Trump Jr’s hint at buying US media outlet: ‘How much does it cost?’

Live Mint  

Billionaire Elon Musk responded Friday, November 22, to a social media post re-shared by Donald Trump Jr, asking for the price of a US news media outlet. “How much does it cost?” said Musk, replying to Donald Trump's eldest son's post on X on Friday. !” Musk also shared the post on his X profile, saying, “The most entertaining outcome, …

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month ago

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion

Live Mint  

The richest man in the world, Elon Musk, has gotten richer by another $80 billion compared to second richest person and Oracle chairman Larry Ellison, according to a Forbes report. Overall, the tech mogul added $7 billion to his net worth to reach $334.3 billion at market close on November 22, 2024 — much of the boost coming from Tesla, …

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win
1 month ago

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win

Firstpost  

Elon Musk current net worth is $334.2 billion, officially making him the world’s richest person. His wealth grew by about $70 billion since Donald Trump’s win in the 2024 US Presidential election, driven by a 40 per cent surge in Tesla shares Elon Musk has now officially become the wealthiest person in history with a net worth of $334.2 billion. …

"How much does it cost?": Musk jokes about buying MSNBC from Comcast
Trending News
1 month ago

"How much does it cost?": Musk jokes about buying MSNBC from Comcast

Salon  

Elon Musk joked that he was mulling a purchase of liberal-leaning cable news network MSNBC in a post to X on Friday. Musk chimed in about the potential sale of the Trump-averse network after being alerted to it on X, a social media company he also owns, by Donald Trump Jr. Trump Jr. pitched a purchase to Musk as the …

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month ago

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'

India Today  

The rivalry between Tesla and SpaceX CEO Elon Musk and Amazon founder Jeff Bezos has once again come into the spotlight. Musk recently claimed on social media platform X, formerly Twitter, that Bezos had advised people to sell their Tesla and SpaceX shares, predicting Donald Trump's electoral defeat. In a post on X, Musk wrote, "Just learned tonight at Mar-a-Lago …

Elon Musk’s startup xAI valued at $50 billion in new funding round
1 month ago

Elon Musk’s startup xAI valued at $50 billion in new funding round

Live Mint  

Elon Musk’s artificial intelligence startup, xAI, has told investors it raised $5 billion in a funding round valuing it at $50 billion—more than twice what it was valued at several months ago. Investor interest in Musk’s businesses, including xAI and SpaceX, have increased since Donald Trump won the presidential election. xAI, which launched in July of last year, plans to …

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X
1 month, 1 week ago

‘Toxic’: Leading UK media house decides to stop posting on Elon Musk-led X

Hindustan Times  

The Guardian, one of the United Kingdom's leading news outlets, on Wednesday announced that it was quitting Elon Musk-owned social media platform X, branding it a "toxic media platform" home to "often disturbing content". In its official statement, the newspaper said that the "toxic content" that was allowed to be fostered in the platform during the US presidential election campaign …

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
1 month, 2 weeks ago

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years

Hindustan Times  

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported. Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as …

Elon Musk's Tesla hits $1 trillion market value after Trump win
1 month, 2 weeks ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
1 month, 2 weeks ago

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win

Live Mint  

Tesla CEO Elon Musk’s wealth surged by $26.5 billion, over 12 per cent, to reach $290 billion shortly after Donald Trump secured a landslide victory in the US presidential election. According to the latest data from the Bloomberg Billionaire Index, Musk’s net worth jumped immediately on Wednesday, November 6, after the electoral victory of the Republican candidate. Elon Musk has …

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory
1 month, 2 weeks ago

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory

India Today  

Elon Musk’s net worth soared by a staggering $26 billion after Donald Trump’s recent victory in the US presidential election ignited a rally in Tesla shares. Musk, the world's wealthiest individual and an ardent supporter of Donald Trump became a focal point during Trump’s victory rally in Florida. Trump praised Musk in front of a massive crowd, hailing him as …

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says
1 month, 2 weeks ago

Elon Musk’s engagement on his X account ‘increased significantly’ since he endorsed Trump, new research says

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Elon …

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price
1 month, 3 weeks ago

Trump’s Truth Social is now worth more than Elon Musk’s X after recent surge in stock price

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation
1 month, 3 weeks ago

Trump's Truth Social Stock Soars, Outperforming Elon Musk's X in Market Valuation

Hindustan Times  

Trump's Truth Social stock market valuation soars past Elon Musk's X, with shares of TMTG surging nearly 9% on Tuesday. This surge is fueled by strong predictions in betting markets about Trump's lead in the upcoming presidential elections. While X boasts a larger user base, TMTG's valuation surpasses that of X after a recent rally. The stock's rise has sparked …

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day
1 month, 4 weeks ago

Tesla Soars to New Heights, Surpassing $20 Billion Market Value in a Day

ABP News  

Elon Musk's net worth skyrocketed by $21 billion on Thursday as Tesla's stock surged by nearly 19%. The company's quarterly earnings report exceeded expectations, with a 17% profit increase and 8% revenue growth. Musk's lead over the second-richest individual has widened by $50 billion thanks to his substantial stake in Tesla. Tesla's focus on profitability and driverless technology is driving …

Musk's $1M daily giveaway to registered voters could be illegal
2 months ago

Musk's $1M daily giveaway to registered voters could be illegal

Daily Mail  

Experts have warned that Elon Musk's daily giveaway of $1million to registered voters in key swing states could be breaking the law. The Tesla CEO and world's richest man recently announced that everyday until the presidential election, on November 5, he would giveaway a large cash sum to a random registered voter from seven swing states who have signed his …

With $75M gift, Musk joins right-wing billionaires bankrolling Trump campaign
2 months, 1 week ago

With $75M gift, Musk joins right-wing billionaires bankrolling Trump campaign

Raw Story  

Prominent members of the United States' billionaire class have shelled out massive sums in the final stretch of the 2024 campaign to elect one of their own, Republican nominee Donald Trump, to the White House, with Tesla CEO Elon Musk donating nearly $75 million in recent months to a super PAC supporting the former president's bid for a second term. …

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris
3 months ago

Elon Musk ditched by his own employees? Tesla, SpaceX and X workers donate more to Trump's rival Kamala Harris

Hindustan Times  

Billionaire Elon Musk has endorsed Republican former President Donald Trump in the race for the White House, but employees at his collection of companies are largely donating to Trump's Democratic rival Kamala Harris. Employees at Elon Musk's rocket company SpaceX have donated $34,526 to Harris versus $7,652 to Donald Trump. Workers at Tesla have contributed $42,824 to Harris' presidential campaign …

Elon Musk Net Worth 2027 Trillionaire World First
3 months ago

Elon Musk Net Worth 2027 Trillionaire World First

ABP News  

Elon Musk, the eccentric billionaire CEO of Tesla, SpaceX, and owner of X, may be on the brink of becoming the world’s first trillionaire. Currently the wealthiest individual globally, with an estimated net worth of around $250 billion, Musk's financial trajectory suggests he could reach this unprecedented milestone by 2027, according to a report by Informa Connect Academy. Musk holds …

Elon Musk sued by former Twitter board member Omid Kordestani over shares
4 months, 1 week ago

Elon Musk sued by former Twitter board member Omid Kordestani over shares

The Hindu  

X owner Elon Musk was sued by a former Twitter board member, Omid Kordestani, who said he was owed more than $20 million in shares that the billionaire had not given him, per The New York Times. In 2022, when billionaire Elon Musk proceeded to buy the social media platform for around $44 billion, Kordestani helped in the process. However, …

Elon Musk says he won't donate $45 million a month to re-elect Donald Trump after all
4 months, 4 weeks ago

Elon Musk says he won't donate $45 million a month to re-elect Donald Trump after all

Raw Story  

Tech billionaire Elon Musk caused a stir when he reportedly committed last week to contribute $45 million a month to America PAC, a group backing former President Donald Trump's re-election effort. I am not donating $45 million a month to Trump,” Musk said in an interview over his X platform with Jordan Peterson, the far-right Canadian psychologist and media personality. …

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit
5 months, 2 weeks ago

Elon Musk suggests late Twitter disclosure was a mistake, seeks to end lawsuit

Hindustan Times  

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake. Investors in the proposed class action said Musk and his wealth manager Jared Birchall knew a U.S. Securities and Exchange …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
5 months, 2 weeks ago

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024

Hindustan Times  

Elon Musk's net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes’ estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company's shareholders could raise Elon Musk’s fortunes. From December 31, 2023 to June 28, 2024, …

SpaceX tender offer said to value company at record $210 billion
5 months, 3 weeks ago

SpaceX tender offer said to value company at record $210 billion

LA Times  

The new price tag for internal shares of SpaceX has boosted the value of Elon Musk’s space and satellite company to close to $210 billion, according to people familiar with the matter. SpaceX will sell insider shares at $112 apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to …

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says
6 months ago

Elon Musk pressurises X CEO Linda Yaccarino to cut costs and boost sales, report says

India Today  

More than a year ago, Linda Yaccarino took charge as X CEO and has often made headlines. Sources within the company told Financial Times that Yaccarino has been particularly anxious about meeting Musk’s demands to increase revenue and reduce expenses. The meeting was headed by Yaccarino, and she reportedly told employees to promote Musk's recent venture x.AI but didn't talk …

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X
6 months ago

Elon Musk tries to walk back ‘go f*** yourself’ comments to woo advertisers who fled X

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last year, Elon Musk …

Elon Musk's xAI raises $6 billion in Series B funding round
6 months, 3 weeks ago

Elon Musk's xAI raises $6 billion in Series B funding round

Hindustan Times  

Elon Musk's artificial intelligence startup xAI has raised $6 billion in a Series B funding round backed by investors including Andreessen Horowitz and Sequoia Capital among others, the company said in a blog post on Sunday. Tech billionaire Elon Musk arrives at Ngurah Rai International airport in Denpasar on Indonesia's Bali island. The money will be used to take xAI's …

Elon Musk’s X is especially vulnerable to an ad boycott
7 months ago

Elon Musk’s X is especially vulnerable to an ad boycott

Hindustan Times  

For someone who despises the advertising industry, Elon Musk has a way with viral slogans. Since Mr Musk fired 80% of X’s staff, including many moderators, more bile seems to be leaking through the filters. In September Mr Musk said that X’s American ad business was down by 60%. Even before GFY, Insider Intelligence, another research firm, expected X’s worldwide …

Elon Musk’s xAI nears funding at $18 billion value soon as this week
7 months, 2 weeks ago

Elon Musk’s xAI nears funding at $18 billion value soon as this week

Hindustan Times  

Elon Musk’s artificial intelligence startup X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter. Tesla CEO Elon Musk and his security detail depart the company's local office in Washington, US. The maker of AI chatbot assistant Grok was set to raise …

Musk’s xAI is raising $6 billion from Sequoia and others
7 months, 3 weeks ago

Musk’s xAI is raising $6 billion from Sequoia and others

The Hindu  

Elon Musk’s AI startup xAI is raising $6 billion at a valuation of $18 billion, according to a report by The Information. The funding round will see participation from Sequoia Capital and Future Ventures, the venture capital fund started by Musk’s friend and SpaceX board member, Steve Jurvetson. A TechCrunch report has revealed that all of Musk’s companies are interlinked …

Elon Musk says new X users will have to pay to tweet: ‘Only way to stop bots’
8 months, 1 week ago

Elon Musk says new X users will have to pay to tweet: ‘Only way to stop bots’

Hindustan Times  

Elon Musk is planning to charge new X users a small fee to use the social media platform, a move that he believes could solve the bot problem. In reply to an X account that posted about changes on the microblogging website, Elon Musk said charging a small fee to new accounts was the “only way” to stop the “onslaught …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Elon Musk’s AI startup xAI struggling to raise money to compete with OpenAI?
8 months, 1 week ago

Elon Musk’s AI startup xAI struggling to raise money to compete with OpenAI?

Hindustan Times  

Elon Musk’s AI startup X.AI Corp. is seeking to raise $3 billion to $4 billion in a deal that would value the company at $18 billion, as per materials sent to investors, Bloomberg reported. Tesla, X and SpaceX's CEO Elon Musk attends the AI Safety Summit at Bletchley Park in Bletchley, Britain. Even people who are close to Elon Musk …

Elon Musk's xAI could be valued at $18 billion. Here's how
8 months, 2 weeks ago

Elon Musk's xAI could be valued at $18 billion. Here's how

Hindustan Times  

xAI, the artificial intelligence firm launched by Elon Musk in July last year, could potentially be valued at $18 billion as investors close to the billionaire are in talks to raise $3 billion, an amount that will take the company to the said valuation, The Wall Street Journal has reported. Elon Musk Those considering putting money into xAI include venture …

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?
10 months, 3 weeks ago

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?

Associated Press  

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” Chancellor Kathaleen St. Jude McCormick called the package “the …

$56bn out of pocket and poorer than Jeff Bezos... don’t you feel sorry for Elon Musk?
10 months, 3 weeks ago

$56bn out of pocket and poorer than Jeff Bezos... don’t you feel sorry for Elon Musk?

The Independent  

Elon Musk is having a rollercoaster of a week. Yet Kathaleen McCormick, the first woman to lead Delaware’s Court of Chancery decided that the so-called “Superstar CEO” had dominated the process which led the board of directors to approve the award – which was more than 33 times larger than Musk’s last pay package. If the ruling sticks, Musk may …

Discover Related