Nvidia shares climbed over 10-15% during the week ending August 8, 2026, adding approximately $709 billion in market value after SpaceX CEO Elon Musk announced the company will exclusively use Nvidia systems for its AI infrastructure, including orbital data centers.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.
SpaceX has significantly increased its procurement of Tesla's Megapack battery storage systems, spending $329 million on the devices so far in 2026, representing a major inter-company transaction between Elon Musk's aerospace and electric vehicle companies.
A U.S. District Court judge denied Elon Musk's xAI company's emergency request to halt Minnesota's law banning nudification apps, allowing the nation's first such ban to take effect on August 1, 2026. The law prohibits technology that creates fake nude images or videos of people without their consent.
Elon Musk announced plans to spend between $100 million and $120 million supporting Republican candidates in the 2026 midterm elections, including backing Senator Susan Collins, despite earlier pledges to stay out of politics.
xAI, Elon Musk's artificial intelligence company, has filed a lawsuit against Minnesota challenging the state's pioneering law that bans 'nudification' technology, which uses AI to create non-consensual intimate images.
The bipartisan Wisconsin Elections Commission voted to refer complaints to prosecutors alleging that billionaire Elon Musk violated state election bribery laws by offering $1 million checks to voters during the 2025 state Supreme Court election.
Researchers discovered that xAI's Grok Build CLI was uploading developers' complete code repositories, including commit history and secrets, to a Google Cloud Storage bucket controlled by the company. Following the discovery, Elon Musk's xAI announced it will delete previously uploaded customer data, with researchers confirming the uploads have stopped.
Filed March 2026 in the Northern District of California, this class action against xAI Corp. and Stability AI alleges Grok generated thousands of CSAM images from real photos of minor plaintiffs; an amended complaint added two new plaintiffs and accused xAI of obstructing law enforcement through deficient NCMEC reporting.
AI pioneer and AMI Labs founder Yann LeCun told CNBC that Elon Musk's xAI is a 'failure' unable to compete at the AI frontier, while warning that AI labs face a 'big bubble explosion' as investor subsidies cannot continue indefinitely.
German public broadcaster ZDF removed portions of a TV broadcast after Elon Musk initiated legal action over claims linking him to unrest in Belfast/Northern Ireland. The dispute has sparked major controversy across Germany.
Elon Musk's SpaceX has agreed to acquire Anysphere, the company behind AI coding tool Cursor, for $60 billion in stock just days after SpaceX's IPO. The acquisition propels SpaceX past Amazon to become the world's fifth most valuable company.
SpaceX made the largest stock market debut in history with a valuation exceeding $1.77 trillion, making CEO Elon Musk the world's first trillionaire. The IPO marks a major milestone after nearly 25 years as a private company, though Chinese investors were banned from participating.
Cryptocurrency exchange Bybit has launched IPO Express, a platform offering tokenized access to U.S. stock IPOs starting with SpaceX, which is set to go public on June 12 in what's expected to be the largest IPO in history with a $135 per share valuation. The service allows eligible retail investors to subscribe at official offering prices, bypassing traditional Wall Street pre-IPO access restrictions.
UK Prime Minister Keir Starmer has sharply criticized tech billionaire Elon Musk for 'interfering in our politics' and attempting to create division following the murder of Henry Nowak, which sparked violent protests in Southampton. Starmer met with Nowak's family at Downing Street amid the escalating tensions.
A federal jury unanimously dismissed all of Musk's claims against OpenAI, Altman, Brockman, and Microsoft on statute of limitations grounds — after less than two hours of deliberation. The merits were never decided: whether OpenAI breached its founding mission remains an open question, and Musk has announced an appeal to the Ninth Circuit.
OpenAI CEO Sam Altman took the stand in the third week of Elon Musk's federal lawsuit against OpenAI in Oakland, California, defending the company's for-profit conversion and his personal investments while testifying that he never promised Musk the company would remain a nonprofit. Microsoft CEO Satya Nadella also testified during the proceedings.
Altman's testimony on May 12 inverted Musk's central claim: OpenAI didn't steal a charity — it built one. But his disclosure that Musk sought 90% equity raises the question the trial now turns on: was this ever about the mission, or always about control?
Microsoft, Google, and Elon Musk's xAI have agreed to provide the U.S. government with early access to new AI models for national security testing, as officials grow concerned about hacking capabilities. The agreements with CAISI preceded reports that the White House may create its own mandatory AI vetting system.
The landmark trial between Elon Musk and OpenAI entered its second week with OpenAI firing back at Musk's allegations. Shivon Zilis revealed that Musk attempted to poach Sam Altman, raising questions about Musk's motivations for bringing the lawsuit.
OpenAI President Greg Brockman concluded testimony in the ongoing trial with Elon Musk, disputing Musk's account of the startup's early years and revealing details about 2017 negotiations over OpenAI's for-profit restructuring. Brockman reportedly told the court he feared physical confrontation with Musk during their disputes.
OpenAI disclosed in a new court filing that Elon Musk attempted to reach a settlement just two days before their trial commenced last week, as testimony from Musk and OpenAI co-founder Greg Brockman produced contentious exchanges over the company's restructuring.
A structured essay on the OpenAI vs Musk dispute as a governance question: whether a mission-driven AI organization can change its structure, raise massive capital, partner with major technology companies, and still claim continuity with its original public-benefit purpose. The article argues that the case matters less as founder drama and more as a test of institutional design for the next era of AI.
SpaceX has confidentially filed for an IPO that could raise $75 billion and value the company at $1.75 trillion, which would make Elon Musk the first trillionaire. The filing comes amid growing conflicts of interest with Trump administration, NASA, and defense contracts.
The final co-founder of xAI has reportedly left the company, marking the complete departure of all 11 original co-founders from Elon Musk's AI venture. The exodus occurs amid intense competition for AI talent, with Meta reportedly offering packages worth up to $300 million over four years to retain top researchers.
OpenAI filed a lawsuit against Elon Musk, alleging he has conducted an unlawful campaign of harassment and unfair competition against the company, interfering with its business relationships with investors and customers. The suit escalates an ongoing legal battle between the ChatGPT maker and Musk, who helped found and fund the AI startup a decade ago.
OpenAI has officially rejected Elon Musk's proposal to acquire the company's nonprofit parent organization for $97.4 billion, dismissing it as 'not a bid at all.' The rejection marks the latest development in the ongoing tensions between Musk and the AI startup he co-founded.
A group of investors led by Elon Musk has offered $97.4 billion to acquire OpenAI's nonprofit parent organization and all its assets, escalating Musk's ongoing feud with CEO Sam Altman, who has declined the offer.
Elon Musk's attorneys have filed for a preliminary injunction in federal court to prevent OpenAI from transitioning from a nonprofit to a fully for-profit business. The legal action also names several OpenAI co-founders and Microsoft as defendants.
Elon Musk has filed a lawsuit against OpenAI and CEO Sam Altman, alleging the company breached its founding principles by prioritizing profit over its original mission to develop AI for the benefit of humanity. The suit targets OpenAI's relationship with Microsoft and its shift from a nonprofit to a for-profit structure.
Elon Musk left OpenAI's board in February 2018 following rejection of his proposal to run the AI research organization he co-founded. The departure marked a significant split between Musk and Sam Altman over the direction of the company.
