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Tesla's surge to record highs catapults Elon Musk's net worth to $250 billion

Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo/File Photo Tesla jumped as much as 2% on Friday, hitting a new all-time-high of $910 per share.The move higher came a day after the EV manufacturer announced record profits and revenue.Tesla's surge on Friday helped drive Elon Musk's net worth to about $250 billion.Shares of Tesla hit a record high on Friday, extending gains...
Tags: Spacex, Elon Musk, Trends, Markets, Tesla, Shanghai, Stock Market, Musk, Tesla China, Matthew Fox, Elon Musk Net Worth, Tesla Inc, Tesla Stock, Mover, Tesla stock price, Stock Market 2021


Inside the turbulent personal life of Elon Musk, who's been divorced three times, dated Hollywood stars, and now co-parents a baby with the musician Grimes

Grimes, left, and Elon Musk attend the Costume Institute Gala at the Metropolitan Museum of Art in May 2018. Charles Sykes/AP Tesla and SpaceX CEO Elon Musk has had a headline-grabbing personal life over the years. He has six sons, has been divorced three times, and recently broke up with the musician Grimes. Here's a closer look at Musk's famous family and high-profile relationships. Sign up for the 10 Things in Tech daily newsletter. Born in 1971 in Pretoria, South Africa, M...
Tags: Transportation, Family, Spacex, Elon Musk, Hollywood, Texas, Families, Marriage, Instagram, California, Relationships, Time, Los Angeles, Trends, Tech, Tesla


Elon Musk is predicted to become the world's first trillionaire, thanks to SpaceX. Here's how the dual CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech.

Hannibal Hanschke-Pool/Getty Images Elon Musk, the CEO of Tesla and SpaceX, is worth $242 billion. He who was born in South Africa, has been married three times, and has six sons. Musk is a controversial leader who has incited lawsuits and SEC investigations. Visit Business Insider's homepage for more stories. Elon Musk may already be the world's richest person. But if one analyst's prediction comes true, he could become the world's first trillionaire. Morgan Stanley Ad...
Tags: Amazon, Transportation, Spacex, Elon Musk, New York, Hollywood, Texas, Robert Downey Jr, Microsoft, Australia, California, Ebay, White House, Ipo, Germany, Time


Jack Dorsey and Mark Zuckerberg were rivals long before Dorsey mocked Facebook's metaverse plan. Theirs is just one of a dozen yearslong feuds between some of the world's most powerful tech leaders.

Twitter CEO Jack Dorsey, left, and Facebook CEO Mark Zuckerberg. Joe Raedle/Getty Images; Mark Lennihan/AP Photo While there are many close friendships in Silicon Valley, there are also plenty of feuds. Some appear to be friendly rivalries, like Salesforce CEO Marc Benioff and Oracle founder Larry Ellison. Others are more contentious: Elon Musk and Jeff Bezos, for example, have been feuding for years. Silicon Valley is a breeding ground for rivalries. In a place where world-changing ideas...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, US, San Francisco, Trends


Elon Musk's SpaceX is stirring up trillion-dollar hype. Here's what Morgan Stanley says clients are talking about.

The SpaceX Falcon 9 rocket with Crew Dragon capsule lifted off from NASA's Kennedy Space Center on September 15, 2021. Joe Raedle/Getty Images SpaceX has been stirring up trillion-dollar hype among Morgan Stanley's clients. Morgan Stanley analysts have a $200 billion bull-case valuation for the firm - double what it is today. But they acknowledge SpaceX continues to challenge "any preconceived notion of what was possible and the time frame possible..." Sign up here for our daily ne...
Tags: Apple, Google, Amazon, Spacex, Elon Musk, Trends, Tesla, Nasa, Jeff Bezos, Morgan Stanley, Musk, Saudi Aramco, Adam Jones, SpaceX Falcon, Kennedy Space Center, Starship


Elon Musk's SpaceX sees valuation jump 33% to top $100 billion, becoming the 2nd-most valuable private company, report says

SpaceX CEO Elon Musk. Kevork Djansezian/Getty Images The valuation of Elon Musk's SpaceX skyrocketed to $100 billion, CNBC reported. A secondary sale of shares valued them 33% higher vs. a fundraising round in February. SpaceX just trails behind TikTok parent Bytedance, which is worth $140 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The valuation of Elon Musk's SpaceX has skyrocketed to $100 billion following a secondary-share sale last week, ...
Tags: Spacex, Elon Musk, Trends, Tesla, Mars, Cnbc, Musk, Hawthorne California, StarLink, Isabelle Lee, Elon Musk Kevork Djansezian Getty


SpaceX could make Elon Musk world’s first trillionaire, says Morgan Stanley

Most of world’s richest person’s fortune so far has come from electric car company TeslaElon Musk, the world’s richest person with an estimated $241bn fortune, could become the first person to become a trillionaire, a leading investment bank has predicted.Analysts at Morgan Stanley forecast that Musk, who has made most of his fortune so far from the electric car company Tesla, could make much more money from his fledgling space exploration SpaceX. Continue reading...
Tags: Business, Spacex, Elon Musk, Tesla, Morgan Stanley, Musk, The super-rich, TeslaElon Musk the world


Boeing was supposed to start flying astronauts for NASA 2 years ago. Now its glitching spaceship may not do so until 2023.

Boeing's Starliner spacecraft is stacked atop an Atlas V rocket at Space Launch Complex 41 at Cape Canaveral Space Force Station in Florida on July 17, 2021. Boeing Boeing may not fly astronauts for NASA until 2023 - more than three years behind schedule. Boeing's Starliner spaceship is grounded for the rest of the year due to hardware issues. Starliner must fly to the International Space Station without a crew before it can launch humans. Boeing may not fly astronauts for NASA unt...
Tags: Spacex, Florida, Science, News, Trends, Nasa, International Space Station, Spaceships, Astronauts, Iss, Boeing, Commercial Crew Program, International Space Station ISS, SpaceX Falcon, Kennedy Space Center, Boeing Boeing


Elon Musk reclaims the world's richest person title from Jeff Bezos as Tesla's stock hits an 8-month-high

Elon Musk, Tesla CEO. Patrick Pleul/picture alliance via Getty Images Elon Musk once again overtook Jeff Bezos as the world's richest person on Friday. Musk said he hopes his fortune is "enough to extend life to Mars." The billionaire added $60 billion to his wealth this year, driven by Tesla's robust performance and a SpaceX stock sale. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk regained the title of the world's richest person on Friday...
Tags: Amazon, Spacex, Elon Musk, Microsoft, Trends, Tesla, Bloomberg, Bill Gates, Berkshire Hathaway, Warren Buffett, Jeff Bezos, Lvmh, Musk, Forbes, Bezos, Ives


Elon Musk teased Warren Buffett for being so much poorer than him - and suggested the investor buy Tesla stock to catch up

Warren Buffett (left) and Elon Musk (right). Alex Wong/Getty, REUTERS/Rebecca Cook Elon Musk joked that Warren Buffett should buy Tesla stock if he wants to get richer. The Tesla and SpaceX chief's net worth is more than double the size of the investor's fortune. Musk and Buffett have clashed before, on issues such as the importance of brands. Elon Musk teased Warren Buffett for being poorer than him in a recent tweet, suggesting the investor should buy a stake in his electric-vehi...
Tags: Spacex, Elon Musk, Texas, Microsoft, Trends, Tesla, Bill Gates, Berkshire Hathaway, Warren Buffett, Coca Cola, Berkshire, Cnbc, Musk, Buffett, Elon, GEICO


Elon Musk hopes he has enough wealth ‘to extend life to Mars’, but not everyone’s amused

Now, as someone pointed out that Elon Musk’s net worth has increased exponentially, the SpaceX CEO acknowledged it and expressed his wish to continue with his mission involving the Red Planet. Recently, popular crypto YouTuber Matt Wallace tweeted that Musk is now richer than Bill Gates and Warren Buffett combined, with a net worth equal to 861 billion Dogecoin. Many joined Wallace and Musk to share memes and jokes wondering if Dogecoin would be the currency on the Red Planet, while others disc...
Tags: Business, Spacex, Elon Musk, News, Bill Gates, Warren Buffett, Mars, Musk, Wallace, Red Planet, Matt Wallace, Dogecoin


Some Starlink customers have canceled their preorders, after paying a $100 deposit up to 9 months ago and receiving no contact from SpaceX

SpaceX CEO Elon Musk. REUTERS/Mike Blake Some Starlink customers have canceled their $100 deposits after waiting months for the service. They said they weren't able to contact SpaceX customer service to see when they'd get the kits. SpaceX said the kits would arrive in mid- or late 2021, but some customers became fed up of waiting. John Duran paid a $100 deposit in February to secure Starlink and replace his "horrible service that is as good or worse than having nothing," he told I...
Tags: Verizon, Spacex, Elon Musk, Montana, Trends, Comcast, Idaho, Federal Communications Commission, Seattle, Musk, Mills, Duran, StarLink, John Duran, Hans Koenigsmann, Ben Mills


How did Jeff Bezos’s Blue Origin fail to dominate the billionaire space race?

The company employs the world’s top engineers and has access to unlimited money but is plagued by safety concerns and toxic workplace cultureThe billionaire space race is only a race by name. In actuality, there is SpaceX – and everyone else.Only the company founded by Elon Musk nearly two decades ago has sent a rocket booster into orbit and landed it safely again. Only SpaceX has landed a rocket the size of a 15-storey building on a drone ship in the middle of the ocean. Only SpaceX has carried...
Tags: Space, Spacex, Elon Musk, Science, Technology, Nasa, US work & careers, Jeff Bezos, Blue Origin


Elon Musk is now worth $230 billion—as much as Bill Gates and Warren Buffett combined

Joe Raedle | Getty Images Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined. The 50-year-old’s net worth is $230 billion as of Friday morning, according to the Bloomberg Billionaires Index. Gates sits in fourth place with $130 billion and Buffett is No. 10 with $102 billion. Both Gates and Buffett ...
Tags: Amazon, Spacex, Elon Musk, Tech, Tesla, Bill Gates, Warren Buffett, Jeff Bezos, Musk, Buffett, Bezos, Bloomberg Bill Gates, Joe Raedle, Bloomberg Billionaires Index Gates, Getty Images Elon Musk, Bloomberg Billionaires Index Spencer Platt


Rocket Report: Virgin Galactic stands down, SpaceX faces environmental lawsuit (ars technica)

Enlarge / Blue Origin's New Shepard launches its second human spaceflight on Wednesday. (credit: Blue Origin) Welcome to Edition 4.20 of the Rocket Report! If this is edition 4.20 of the newsletter, you know we're going to bring extra smoke. So let's get to it. As always, we welcome reader submissions, and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-...
Tags: Spacex, News, Virgin Galactic, AMP, Vms, Eric Berger, New Shepard, Air Force Unity


Elon Musk Says Starlink Will Provide Faster Internet Speeds On Airlines

Elon Musk touted SpaceX's plan to use Starlink for in-flight Wi-Fi, saying in a tweet on Thursday that the service could add "low latency ~half gigabit connectivity in the air!" CNBC reports: Starlink is the company's plan to build an interconnected internet network with thousands of satellites, known in the space industry as a constellation, designed to deliver high-speed internet to consumers anywhere on the planet. SpaceX has launched 1,740 Starlink satellites to date, and the network has mor...
Tags: Spacex, Elon Musk, Tech, Earth, Airlines, Cnbc, ViaSat, Intelsat, StarLink, Jonathan Hofeller, Hofeller, Elon Musk Says Starlink, Delta JetBlue American Airlines


Elon Musk congratulates Jeff Bezos for Blue Origin flight, saying it was 'cool' to send 90-year-old 'Star Trek' actor William Shatner to space

Blue Origin CEO Jeff Bezos (left) and SpaceX CEO Elon Musk. Joe Raedle/Getty Images/Axel Springer SpaceX CEO Elon Musk has congratulated Jeff Bezos for Blue Origin's spaceflight on Wednesday. Musk tweeted that it was "cool" to send 90-year-old "Star Trek" actor William Shatner to space. Before the trip, he had tweeted "Godspeed Captain," referencing Shatner's portrayal of Captain Kirk. Elon Musk has shared his congratulations with Jeff Bezos for another successful human spaceflight...
Tags: Amazon, Spacex, Elon Musk, Trends, Nasa, Jeff Bezos, William Shatner, Musk, Blue Origin, Forbes, Bezos, West Texas, Shatner, Sarah Jackson, Chris Boshuizen, Elon Musk Joe Raedle


William Shatner Is Now The Oldest Man To Successfully Enter Space

It was one short flight for a rocket, but one giant leap for symbolism and broken records. Today, legendary "Star Trek" actor William Shatner made good on previous reports about his planned trip to space aboard Jeff Bezos' Blue Origin rocket as he successfully completed the flight and made it back no worse for wear. Along the way, the 90-year-old Shatner set a new record as the oldest human being to ever leave the safe confines of our planet ... however briefly it may have been. "Trek" fans, spa...
Tags: Spacex, Elon Musk, Movies, News, Jeff Bezos, William Shatner, Bezos, Kirk, James T Kirk, West Texas, Shatner, Karman


Sen. Elizabeth Warren says billionaires have 'enough money to shoot themselves into space' because they don't pay taxes

Sen. Elizabeth Warren (D-MA) speaks during a Senate Armed Services Committee hearing on September 28, 2021. Patrick Semansky-Pool/Getty Images Sen. Elizabeth Warren criticized the ultra-rich for traveling to space but not paying their taxes. On "The View," Warren discussed Biden's spending package that would increase investments in healthcare and climate. "The money is going to come from the billionaires who don't pay their taxes and therefore have enough money to shoot themselves ...
Tags: Amazon, Spacex, Elon Musk, Politics, News, Republicans, Congress, Abc, Senate, Massachusetts, Elizabeth Warren, Trends, Legislation, Joe Biden, Democrats, Virgin Galactic


Environmentalists sue Texas officials, claiming the repeated closing of public beaches so that Elon Musk's SpaceX could test its rockets is unconstitutional

SpaceX CEO Elon Musk. Elon Musk/SpaceX; Mark Brake/Getty Images; Business Insider A nonprofit group is suing Texas officials over the closing of public beaches for "SpaceX flight activities." Save RGV said the Boca Chica beach has been closed for SpaceX launches for over 450 hours per year since 2019. SpaceX did not respond to a request for comment, but said in August that the group's allegations were "not accurate." Environmentalists have sued Texas officials over claims they continua...
Tags: Spacex, Elon Musk, Texas, Trends, Gulf Coast, Faa, Federal Aviation Administration, Reuters, Brownsville, Cameron County, Jim Chapman, Boca Chica, George P Bush, Starbase, Kate Duffy Grace Kay, Elon Musk Elon Musk SpaceX


6 analog astronauts are camping out in the Israeli desert for a month to simulate life on Mars

Analog astronauts from a European and Israeli team walk in spacesuits during a training mission at the Ramon Crater in Israel's southern Negev desert on October 10, 2021. Jack Guez/AFP/Getty Images In Israel, six analog astronauts are living and working in a small structure to simulate life on Mars. The month-long mission aims to help scientists learn how to avoid mistakes that would endanger real astronauts. Scientists are monitoring the group for signs of poor mental and physical hea...
Tags: Utah, Spacex, Elon Musk, Science, News, Israel, Trends, Spain, Nasa, Earth, Hawaii, Mars, Simulation, Astronauts, Reuters, Afp


Rocket men: how billionaires are using celebrities as PR for their space projects

Critics see the ‘awful business’ of private space tourism as having little technological or exploration valueAs Star Trek’s iconic Captain James T Kirk, he voyaged the universe for the good of humanity. The nonagenarian actor William Shatner’s brief, real-life thrill ride off the planet today, however, is much less about advancing the species as promoting the fortunes of Blue Origin, the private space company owned by the Amazon tycoon Jeff Bezos that’s taking him there.Booking arguably the most...
Tags: Amazon, Space, Spacex, Elon Musk, Technology, Virgin Galactic, Richard Branson, Jeff Bezos, William Shatner, Bezos, James T Kirk


Some Blue Origin employees say Jeff Bezos' space company has an 'authoritarian bro culture' that demoralized workers, a new report says

Jeff Bezos, founder of Blue Origin Blue Origin / Getty Images A new report from The Washington Post details a dysfunctional "bro culture" at Blue Origin. Workers told The Post that they felt demoralized by a lack of response to complaints of a "toxic" workplace. Last month, an open letter accused Blue Origin of ignoring employee concerns about safety and sexism. Blue Origin employees say Jeff Bezos' space company has fostered a "dysfunctional" and "demoralizing" work culture that cause...
Tags: Amazon, Post, Space, Spacex, Elon Musk, Hollywood, Science, News, Washington Post, Trends, Jeff Bezos, Smith, William Shatner, The Washington Post, Cnbc, Blue Origin


Elon Musk pokes fun at Jeff Bezos with a silver medal emoji as the gap between the two wealthiest men in the world widens

Elon Musk and Jeff Bezos. John Locher/AP and Odd Andersen/AFP via Getty Images Elon Musk responded to Jeff Bezos' tweet about Amazon's success with a silver medal emoji. Musk has said he wants to send Bezos a second-place trophy after the Tesla CEO became the wealthier billionaire. Last week, Musk's net worth soared to $223 billion, while Bezos was valued at $191 billion, Bloomberg reported. Elon Musk took a playful dig at Jeff Bezos on Monday.The Tesla CEO replied to a Bezos t...
Tags: Amazon, Spacex, Elon Musk, News, Trends, Tesla, Bloomberg, Nasa, Billionaires, Federal Communications Commission, Jeff Bezos, Musk, Blue Origin, Forbes, Bezos, Today Amazon


Boeing's Calamity Capsule might take to space once again ... in the first half of 2022

'Oxidizer and moisture interactions' blamed for iffy spaceship valves NASA and Boeing have put a brave face on things following the choice to send a pair of 'nauts to the ISS with SpaceX's Crew Dragon instead of Starliner, and are insisting Boeing's capsule will launch in the first half of next year.…
Tags: Spacex, Nasa, Software, Boeing


10 things before the opening bell

Paul Hennessy/SOPA Images/LightRocket via Getty Images Welcome to 10 Things Before the Opening Bell.If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's get into it.1. US stocks slip with third-quarter earnings season on deck. The impact of labor shortages and the supply chain crunch on profits is in focus, as are oil prices rising to their highest level in years. Check out the latest in the mark...
Tags: Spacex, Elon Musk, US, Trends, Bank Of America, SEC, Fed, BofA, Mohamed El Erian, Gary Gensler, Paul Hennessy, Phil Rosen, Getty Images Welcome, Phil Rosen Feedback, Industrivaerden AB, Himachal Futuristic Comm


Jeff Bezos and Elon Musk are among the 156 billionaires on the Forbes 400 who have given less than 1% of their wealth to charity

Blue Origin CEO Jeff Bezos and SpaceX CEO Elon Musk. Joe Raedle/Getty Images/Axel Springer Billionaires including Jeff Bezos and Elon Musk reached new record levels of wealth last year. Billionaires are also less generous than ever in terms of share of wealth they've given away. Of the Forbes 400, a record 156 - including Bezos and Musk - have given less than 1%. See more stories on Insider's business page. While Jeff Bezos and Elon Musk feud over who is wealthier and who is more l...
Tags: Spacex, Elon Musk, News, Trends, Charitable Giving, Billionaires, Berkshire Hathaway, Jeff Bezos, Donald Trump, Tax Breaks, Philanthropy, Warren Buffet, Berkshire, Musk, Forbes, Scott


UK takes on Elon Musk in the broadband space race

  Image credit: The Observer  They are invisible to the naked eye, but can leave a streak of light across an astronomer’s telescope. Above our heads, the constellation of small satellites orbiting the Earth is expanding every month. Often no bigger than a fridge, they are part of a new space race as rivals compete to beam broadband internet to the hardest-to-reach places on Earth. The frontrunners are Starlink, backed by US tech entrepreneur Elon Musk, and OneWeb, which is part- ...
Tags: Amazon, Japan, Spacex, Elon Musk, UK, North Korea, France, China, Russia, India, Softbank, US, Tech, Eu, European Union, Nasa


Meet NASA’s Crew-3, who are getting ready for a Halloween launch to the ISS

A new group of astronauts will soon be journeying to the International Space Station, traveling aboard a brand-new SpaceX Crew Dragon spacecraft.
Tags: Space, Spacex, News, Trends, Nasa, Crew-3


Housing prices are booming in the area surrounding Tesla's planned Gigafactory in Austin, Texas

Tesla CEO Elon Musk visits the Gigafactory Berlin construction site on May 17, 2021. Christophe Gateau/Getty Images Housing prices near Tesla's new Austin-based Gigafactory are surging. Home prices in the county where the factory will be built were up 53.7% compared to last year. CEO Elon Musk officially announced Tesla's HQ move to Texas on Thursday after much speculation. Housing prices surrounding Tesla's new Austin-based Gigafactory are increasing as Tesla also prepares to...
Tags: Spacex, Elon Musk, Real Estate, Texas, California, US, Trends, Tesla, Housing Market, Austin, Homes, Grimes, Musk, Redfin, Gigafactory, House Buying