Elon Musk

Elon Musk, born on June 28, 1971, in Pretoria, South Africa, is a globally recognized entrepreneur and backer known for his trailblazing work in technology and space exploration. Musk is the initiator, chair, CEO, and principal technology officer of SpaceX; CEO and inventor of Tesla, Inc.; and the owner, chair, and CTO of X Corp. He is also the initiator of The Boring Company and xAI; co-initiator of Neuralink and OpenAI; and president of the Musk Foundation. Musk’s odyssey commenced in South Africa, where he was born into the affluent Musk family. He migrated to Canada at age 18, gaining citizenship through his Canadian-born mother. His scholarly pursuits brought him to Queen’s University in Canada and subsequently to the University of Pennsylvania, where he attained bachelor’s degrees in economics and physics. Musk’s enterprising nature led him to California in 1995 to enroll at Stanford University, but he abandoned his studies after only two days to pursue his business aspirations. Musk’s initial business enterprises encompass co-initiating Zip2, a metropolis guide software company, which was acquired by Compaq for $307 million in 1999. That identical year, he co-established X.com, which subsequently evolved into PayPal and was acquired by eBay in 2002 for $1.5 billion. Leveraging the earnings from these ventures, Musk established SpaceX, a spaceflight services company, in 2002. He became an early backer in Tesla Motors in 2004, adopting the position of CEO in 2008. In addition to his work with SpaceX and Tesla, Musk has been associated with diverse pioneering projects and companies. He assisted in establishing SolarCity, a solar-energy company acquired by Tesla and rebranded as Tesla Energy. He proposed the Hyperloop, a high-speed transportation system, and co-established OpenAI, a nonprofit artificial intelligence research company. Musk also co-established Neuralink, concentrating on developing brain-computer interfaces, and The Boring Company, which specializes in tunnel construction. In 2022, Musk procured Twitter for $44 billion and subsequently merged it into X Corp., rebranding the service as X. The subsequent year, he founded xAI, an artificial intelligence company. Musk is recognized for his ambitious visionary outlook, including the colonization of Mars and the progress of AI technology. His net worth, as of December 2023, was estimated to be around $232 billion, positioning him as the most affluent individual globally at that time.

Newswire

Silicon Valley Billionaires Aim for the Impossible

Adam Becker’s *More Everything Forever* examines the growing influence of Silicon Valley’s ambitious visions of a technologically-driven future, including AI…

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Newswire

Thermal Imaging Reveals xAI Misled Public on Supercomputer Emissions, Group Claims

xAI rapidly constructed Colossus, its massive supercomputer in Memphis, aiming to outpace competitors through a highly controlled and expedited building…

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Artificial Intelligence

Musk’s xAI Secures Historic Second-Largest Private Funding Round

xAI Holdings is seeking $20 billion in new funding, which, if successful, would push its valuation to over $120 billion…

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Newswire

Trump Revises Biden’s Auto Crash Rule to Favor Tesla

The Trump administration’s transportation department has decided to maintain the Biden-era rule requiring automakers and tech companies to report crashes…

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Automotive

Musk Assures Tesla’s Survival Despite Operating Margin Drop to 2%

Tesla managed to maintain profitability in Q1 2025, but only narrowly, due to significant declines in production and delivery numbers.…

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Artificial Intelligence

Grok Gets a Memory: xAI Adds Context to Its Chatbot

Elon Musk's AI venture, xAI, has equipped its Grok chatbot with a new capability: memory. Announced this week, the feature…

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Artificial Intelligence

Grok Studio: xAI’s New Collaborative Workspace for AI-Driven Creation

Elon Musk’s xAI has introduced Grok Studio, a canvas-like feature designed to enhance its chatbot, Grok, by enabling users to…

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Newswire

Federal judge allows the EFF’s lawsuit against DOGE and Elon Musk to proceed

A federal judge has ruled that a lawsuit challenging the Department of Government Efficiency's (DOGE) access to millions of Americans'…

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Artificial Intelligence

Top AI Models: Features, Benefits, and How to Use Them Effectively

AI models are being cranked out at a dizzying pace, by everyone from Big Tech companies like Google to startups…

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Artificial Intelligence

Data Dynamo: Elon Musk’s xAI Acquires Social Platform X for $45 Billion

▼ Summary – xAI has acquired the social media platform X (formerly Twitter) in an all-stock deal valuing X at…

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