Elon Musk's Boring Company secured $3 billion in funding at a $23 billion valuation, led by investors from the UAE where it plans to build over 150 kilometers of tunnels, including the Dubai Loop. The company currently operates one public tunnel in Las Vegas and is expanding projects in Nashville and Las Vegas, despite past setbacks and community resistance. The funding round also includes longtime Musk backers like Sequoia Capital and Andreessen Horowitz. Boring Co.'s growth supports Tesla, which uses its tunnels for vehicle transport, and aims to extend its Vegas Loop to key locations like the airport and Allegiant Stadium.
SpaceX and Tesla have each established special committees composed of independent directors to review a potential merger, initiated at the request of shareholders. Elon Musk, CEO and major shareholder of both companies, supports the idea but notes it...
SpaceX reported a 161% surge in quarterly revenue to $14.58 billion, driven by its AI division which now surpasses Starlink as the top revenue source. The AI business, including the Grok chatbot and cloud services, generated $7.6 billion, while Starl...
Tesla CEO Elon Musk disclosed that Tesla and SpaceX have formed special committees to explore a potential merger, though little progress has been made. Musk, who leads both companies, noted he is not fully involved in the discussions. The news booste...
AI-related earnings growth in the S&P 500 is highly concentrated in companies like Nvidia, Micron, and Broadcom, which are expected to show near triple-digit growth. However, valuation discipline is crucial as premium multiples in companies like Tesl...
Tesla reported Elon Musk's 2025 compensation at an accounting value of $158 billion, all in stock awards contingent on meeting strict market cap and operational milestones. Musk receives no salary or cash bonuses; the award vests only if Tesla achiev...
