Elon Musk's net worth dropped below $900 billion after SpaceX shares fell 3.8% to just under $140, close to its $135 IPO price. This decline cut $37.9 billion from Musk's wealth, now valued at $879.3 billion, though he remains the world's richest person. Despite the stock's recent volatility and a 38% drop from its peak, Wall Street remains bullish, with analysts setting price targets well above current levels, citing SpaceX's potential in connectivity, rocket launches, and AI infrastructure. The stock's performance will be closely watched as it navigates post-IPO fluctuations.
Oracle's stock has fallen about 47% since June 1, cutting Larry Ellison's net worth by roughly $125 billion to $175.2 billion. This decline moved Ellison from the world's second-richest to eighth-richest person, as concerns grow over Oracle's heavy A...
The Software Defined Vehicle (SDV) market is projected to expand from USD 447.55 billion in 2026 to USD 1,707.36 billion by 2035, growing at a compound annual growth rate (CAGR) of 16.0%. This growth is driven by the automotive industry's shift towar...
Elon Musk and Sam Altman reignited their public feud on social platform X following Apple's lawsuit accusing OpenAI of stealing trade secrets. Musk criticized Altman, calling him a scammer, while Altman responded by highlighting OpenAI's latest AI mo...
Tesla reported a 25% year-over-year increase in Q2 deliveries, a 51% rise in Full Self-Driving (FSD) subscriptions, and a 40.6% growth in energy storage deployments. These strong operational results suggest Tesla will exceed consensus financial estim...
Anthropic has signed a $40 billion deal to use SpaceX's xAI data center servers through May 2029, making it one of SpaceX's largest customers. Elon Musk, who previously doubted Anthropic's success, now praises the company as a leader in AI and assure...
