Elon Musk | DD News

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...

April 23, 2026 3:10 PM

Tesla lifts 2026 spending plans by a quarter as Musk funds AI and robotic dreams

Tesla sharply raised its spending plan to more than $25 billion for the year as CEO Elon Musk pours money into artificial intelligence, robotics and chips - moves he said were "well justified" to build big future revenue streams. The EV maker's investors took a more skeptical view, pushing its stock down 2.4% after these remarks on a post-earnings call with analysts on Wednesday. The shares had risen as much as 4% after the bell as Tesla reported positive free cash flow in the first quarter. "...

February 9, 2026 6:55 PM

Gujarat, Elon Musk’s Starlink sign Letter of Intent for high-speed satellite Internet

Gujarat has signed a Letter of Intent (LoI) for cooperation with Starlink Satellite Communications Private Limited, a subsidiary of Elon Musk-founded SpaceX, to strengthen the state's digital infrastructure, the state government said on Monday. Gujarat Chief Minister Bhupendra Patel, on X, confirmed that the partnership aims to accelerate the state's Digital Connectivity Mission. The agreement focuses on providing high-speed satellite-based internet connectivity to remote, border, and underser...

February 3, 2026 2:51 PM

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter. Investors in xAI will receive 0.1433 shares of SpaceX for every share of xAI as part of the acquisition, this pe...

January 18, 2026 2:55 PM

Elon Musk seeks up to $134 billion from OpenAI and Microsoft

Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, saying he deserves the "wrongful gains" that they received from his early support, according to a court filing on Friday. OpenAI gained between $65.5 billion and $109.4 billion from the billionaire entrepreneur's contributions when he was co-founding what was then a startup from 2015, while Microsoft gained between $13.3 billion and $25.1 billion, Musk said in the federal court filing ahead of his trial against the two companies...

November 19, 2025 3:55 PM

Elon Musk attends Trump’s dinner with Saudi crown prince

Elon Musk joined a dinner with U.S President Donald Trump and Saudi Crown Prince Mohammed bin Salman at the White House on Tuesday, the second joint public appearance since a bitter public feud earlier this year. Musk's attendance could be a sign of reconciliation in a turbulent relationship between the Tesla CEO and the U.S. president. Musk supported and funded Trump's election last year and became a close adviser to his administration early this year, leading the Department of Government Eff...

November 5, 2025 8:52 AM

Trump re-nominates Musk ally and private astronaut Jared Isaacman as NASA chief

U.S. President Donald Trump said on Tuesday he was re-nominating Jared Isaacman, the private astronaut and ally of fellow billionaire and SpaceX founder Elon Musk, for the post of NASA administrator, five months after Isaacman's original nomination was withdrawn. Isaacman, an e-commerce mogul who flew to orbit twice on all-private astronaut missions as a customer and collaborator with SpaceX, was removed from consideration to lead the space agency in late May amid a high-profile falling-out bet...