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Could Elon Musk become world’s first trillionaire? SpaceX IPO, Mars dream & money math
Elon Musk is on the cusp of becoming the world's first trillionaire as SpaceX prepares for a monumental IPO, potentially the largest in Wall Street history. The company's $1.25 trillion valuation could significantly boost Musk's net worth, fueled by his majority stake and ambitious plans for AI, Starlink, and Mars colonization.
In SpaceX’s IPO, Elon Musk is a risk factor
The SpaceX IPO is here, and it's more than just an historic public offering that could make Elon Musk the world's first trillionaire. It also reveals more ways in which Elon Musk's companies interact and overlap with each other, shuffling money around in ways that are often difficult to keep track of. This is evident in ways that are both obvious and less so. A CTRL-F search for "Tesla" yields 87 results, xAI is mentioned 356 times, and X 267 times. Even the Boring Company (7 times) an...
AEW Dynamite Results (May 20, 2026) As Darby Allin Defends Once Again
BusinessSportsMoneyAEW Dynamite Results (May 20, 2026) As Darby Allin Defends Once AgainByRob Wolkenbrod,Contributor.Forbes contributors publish independent expert analyses and insights. Robert Wolkenbrod is a contributor who covers professional wrestling.Follow AuthorMay 20, 2026, 10:59pm EDTMay 20, 2026, 11:01pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.All Elite WrestlingCredit: All Elite WrestlingOn Wednesday nig...
US billionaire does not agree with doomers who believe AI will take away jobs
Tech giants like Meta, Cisco, and Intuit are implementing significant layoffs, sparking widespread debate about AI's impact on jobs. While some predict mass unemployment, billionaire Mark Cuban argues AI will transform, not eliminate, entry-level roles. He believes the high cost of AI implementation and human decision-making capabilities will ensure continued employment opportunities.
Thrill-seeking Cybertruck driver arrested after cruising into a LAKE using Tesla's 'wade mode'
Thrill-seeking Cybertruck driver arrested after cruising into a LAKE using Tesla’s ‘wade mode’Sign up for our US Editor's Picks newsletter to get all the best exclusive stories See more Daily Mail on Google - save us as a Preferred SourceBy JOE HUTCHISON, US SENIOR NEWS REPORTER Published: 03:23, 21 May 2026 | Updated: 03:24, 21 May 2026 e-mail View comments
Tesla driver arrested after steering car into lake to test 'wade mode' - then getting stuck
A Tesla driver has been arrested after intentionally driving his car into lake to test the Cybertruck's "wade mode" - then getting stuck.The driver, Jimmy Jack McDaniel, was arrested after Grapevine Police were called to a lake in north Texas to recover the vehicle, which had been abandoned by its driver and passengers.The Grapevine Police Department sent officers to Grapevine Lake to recover the vehicle.The driver was arrested and charged with operating a vehicle in a closed section of the lake...
US envoy Sergio Gor hints at ‘big things’ in India-US nuclear energy partnership
NEW DELHI: US ambassador to India Sergio Gor on Wednesday hinted at a major India-US collaboration in the nuclear energy sector.
Target Q1 earnings beat expectations as company tries to turn things around
Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more.
Advanced Packaging Leads The Way To Intel Foundry Success
InnovationAIAdvanced Packaging Leads The Way To Intel Foundry SuccessByFrancis Sideco,Contributor.Forbes contributors publish independent expert analyses and insights. Tech/Strategy executive advisor focused on all things techfor Tirias ResearchFollow AuthorMay 20, 2026, 08:28pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Intel's Rio Rancho FacilityIntelEver since former Intel CEO Pat Gelsinger announced in 2021 that I...
Ex-NBA star Ben Simmons earns elusive championship months after taking ownership stake in sport-fishing club
Ben Simmons finally captured a championship — just not in the sport that defined most of his professional career. This past Sunday, the former NBA player won the Sport Fishing Championship (SFC) Blue Marlin Open in the Bahamas.Simmons competed as an angler for the South Florida Sails, a club he co-owns.Simmons said his investment in sport fishing was driven by a longtime passion for the sport. "I have always believed that investing in what you love means you have a responsibility to help move it...
Under-18s should be banned from 'addictive' social media features like 'infinite scrolling', warn MPs
Under-18s should be banned from 'addictive' social media features like 'infinite scrolling', warn MPsSee more Daily Mail on Google - save us as a Preferred SourceBy SOPHIE CHURCH - POLITICAL REPORTER Published: 00:01, 21 May 2026 | Updated: 00:01, 21 May 2026 e-mail View comments
Zuckerberg warns ‘success isn’t a given’ after laying off 10% of Meta
Tech NewsZuckerberg warns ‘success isn’t a given’ after laying off 10% of Meta As Meta laid off 10% of the company Wednesday, CEO Mark Zuckerberg addressed the tech giant’s reorganization in a memo to employees.Listen to this article with a free account00:0000:00Mark Zuckerberg, chief executive officer of Meta Platforms Inc., exits Los Angeles Superior Court, in Feb.Kyle Grillot / Bloomberg via Getty Images fileShareAdd NBC News to GoogleMay 20, 2026, 6:58 PM EDTBy Emily LorschAs Meta cut 10% of...
Clouted wants to take the guesswork out of making short videos go viral
It feels like short video clips from podcasts, songs, and movies are suddenly everywhere on social media right now, and that’s not an accident. Brands have realized that the format offers a highly cost-effective way to market products. Brands and marketing agencies often outsource the process of finding the most compelling 30 to 90 seconds of a video, known as ‘clipping’, to independent creators. But managing these gig workers and determining exactly where to distribute those videos presents a m...
Elon Musk’s SpaceX unveils filing for blockbuster IPO
A successful sale could value the company at a record-setting $1.75 trillion.
Musk Ally Antonio Gracias Stands to Make Billions Off SpaceX Bet
Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 7.3% stake in SpaceX, making him the second-largest holder after Musk himself that will earn the investor a giant windfall.
SpaceX files for IPO that could make Elon Musk a trillionaire
SpaceX files for IPO that could make Elon Musk a trillionaireJust nowShareSaveAdd as preferred on GoogleLily JamaliNorth America Technology Correspondent, San FranciscoGetty ImagesElon Musk's SpaceX has revealed its plans to go public in the US, allowing people to trade shares in the firm on the stock market.SpaceX makes rockets, offers a satellite internet service called Starlink, and also owns Musk's controversial artificial intelligence (AI) firm xAI.The initial public offering (IPO) on the U...
Meta Expands Its Creator Ecosystem With Instagram’s New Instants App
InnovationCreator EconomyMeta Expands Its Creator Ecosystem With Instagram’s New Instants AppByEmma Cortes Ellendt,Contributor.Forbes contributors publish independent expert analyses and insights. Creator of Emma's Edition & the Creative Edition Podcast.Follow AuthorMay 20, 2026, 06:12pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.A person holds a phone displaying the Instagram logo in Knurow, Poland, on April 20, 2025...
Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.
Elon Musk’s xAI has gotten itself in hot water over its use of polluting generators at its data center near Memphis, Tennessee. Now, it wants to buy even more of them. In SpaceX’s IPO filing, released Wednesday, the company said its xAI division will buy another $2.8 billion worth of turbines for its AI infrastructure over the next three years. One deal, worth $2 billion, is specifically for “mobile gas turbines,” the kind that it’s currently being sued over.
Elon Musk’s SpaceX Files For Highly Anticipated IPO
BreakingBusinessElon Musk’s SpaceX Files For Highly Anticipated IPOByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 20, 2026, 05:31pm EDTToplineElon Musk’s SpaceX confirmed in a Wednesday filing with the Securities and Exchange Commission it will take the company public, a multi-trillion-dollar move that could potentially turn Musk into the world’s first trillionaire.Musk could become the world's first trillionaire following the IPO...
Anthropic will pay xAI $1.25 billion per month for compute
Earlier this month, Anthropic surprised the AI world with a deal to buy 300 megawatts worth of compute — securing the entire output of the Colossus 1 data center near Memphis, Tennessee. Turns out, compute at that scale isn’t cheap. Anthropic will be paying xAI $1.25 billion per month through May 2029, with a discounted rate for the first two months as xAI completes its ramp-up. All told, the deal could bring xAI over $40 billion in revenue.
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