Elon Musk | DD News

June 4, 2026 10:52 AM

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way. The company’s decision to publish a price a week ahead of its landmark offering has few if any precedents among major U.S. IPOs, and reflects Musk’s standing in the financial world as an adventurer with a golden touch - even as the capital raise will value SpaceX at ...

May 29, 2026 10:49 AM

Blue Origin rocket explodes during test, setback for bid to catch Musk’s SpaceX

An uncrewed Blue Origin New Glenn rocket exploded on the launchpad during a test on Thursday, in a major setback for Jeff Bezos’ space venture as it seeks to narrow the gap with Elon Musk’s IPO-bound SpaceX. Video posted by NASA Spaceflight, a YouTube channel that livestreams launches from Florida, showed the New Glenn igniting on the pad at about 2100 ET (0100 GMT on Friday) before erupting into a massive fireball that billowed skyward, sending a towering plume of flames and smoke into the...

May 22, 2026 9:53 AM

SpaceX scrubs launch of upgraded Starship from Texas, to retry Friday

SpaceX on Thursday scrubbed the launch of its 12th Starship rocket from Texas and said it will attempt the high-stakes test flight again on Friday, as Elon Musk's space company nears a record-breaking public listing. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. It is also poised to affect investor confidence ahead of what might be the biggest...

May 21, 2026 9:39 AM

SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI

SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse. Much of its outlook relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centers in space. For many, Musk's record turning Tesla into the most valuable auto company in the world and developing the world's firs...

May 15, 2026 4:49 PM

X agrees to British crackdown on hate speech and militant content, regulator says

Elon Musk's X has agreed to strengthen protection for UK users against illegal hate speech and terrorist content, Britain's media regulator said on Friday, following months of regulatory pressure. Under the agreement, Ofcom said the social media platform will review suspected illegal hate and terrorism-related posts within 24 hours on average, and assess at least 85% within 48 hours. X - which regularly says it enforces bans on terrorist groups and hateful content - did not immediately respond...

May 15, 2026 12:33 PM

Musk accused of ‘selective amnesia,’ Altman of lying as OpenAI trial nears end

A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and its leaders responsible for allegedly transforming the nonprofit into a vehicle to enrich themselves. OpenAI's lawyers fought back, claiming the world's richest person waited too long to claim OpenAI breached its founding agreement to build safe artificial intelligence to benefit humanity, and couldn't claim he was essential to its success. ...

May 13, 2026 9:29 AM

OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial

OpenAI Chief Executive Sam Altman on Tuesday rejected Elon Musk's claim that he betrayed the ChatGPT maker's founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it. In an August 2024 lawsuit, Musk accused Altman and OpenAI of persuading him into giving $38 million, only to see the nonprofit abandon its mission to benefit humanity and instead become a for-profit corporation. The trial, now in its third week, may d...

May 6, 2026 10:19 AM

Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed

Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X. A trust in Musk's name will pay a $1.5 million civil fine, under the settlement disclosed on Monday in the Washington, D.C., federal court. Musk did not admit wrongdoing, and won't have to give up any of the $150 million he allegedly saved from the delay. The settlement requires approval by U...

May 6, 2026 9:58 AM

Musk wanted $80 billion to colonize Mars, OpenAI president testifies at trial

OpenAI's president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into a for-profit company, but wanted full control in part to help him raise $80 billion to colonize Mars. The testimony by Greg Brockman came in the second week of a trial in California that could determine the future of OpenAI, which sparked a widespread craze over generative artificial intelligence after launching its ChatGPT chatbot in late 2022. OpenAI plans to spend $50 billi...

April 27, 2026 4:31 PM

Elon Musk’s trial against Sam Altman to reveal the ongoing power struggle for OpenAI

The bitter legal fight between Elon Musk and the leading artificial intelligence firm, OpenAI, led by Sam Altman, may come down to a few pages in one executive's personal diary. "This is the only chance we have to get out from Elon," wrote Greg Brockman, OpenAI's president and a co-founder, in the fall of 2017. “Is he the ‘glorious leader’ that I would pick?” Brockman's diary entry is part of the thousands of pages of internal documents revealed in court since Musk, one of the original...