Elon Musk, an ex-ally of US President Donald Trump, said Saturday he had launched a new political party in the United States to challenge what the tech billionaire described as the country’s ‘one-party system’. Musk, the world’s richest person and Trump’s biggest political donor in the 2024 election, had a bitter falling out with the president after leading the Republican’s …

United States Tech Entrepreneur Elon Musk has announced the successful deployment of 29 more Starlink satellites into Earth’s orbit. The satellites were launched from Florida, further expanding the Starlink constellation operated by SpaceX. Musk made the announcement on Sunday via a post on X, formerly known as Twitter. ’29 more Starlink satellites were added to the constellation’, he wrote. According …

The latest Forbes report has highlighted how tech giants, such as Elon Musk, Jeff Bezos, and America’s wealthiest individuals, collectively lost more than $300 billion in the first 100 days of President Donald J. Trump’s second term. Since 20 January, Musk’s fortune has shrunk by more than $45 billion, the largest individual decline among U.S. billionaires. The report said the …

Billionaire tech CEO turned government adviser for President Donald Trump, Elon Musk openly questioned a new artificial intelligence initiative hours after the president announced it. Musk claimed on Tuesday that the new AI initiative, called Stargate, did not have the funding necessary to fulfil its goal of investing $500 billion in building AI infrastructure in the United States over the …

The United States (US) on Friday grounded SpaceX’s Starship and ordered Elon Musk’s company to investigate why the spaceship spectacularly disintegrated in a fiery cascade over the Caribbean during its latest test mission. Authorities in the Turks and Caicos Islands confirmed they diverted all flights from their airspace during the incident and urged residents not to touch fallen debris, warning …

Elon Musk, chief executive officer (CEO) of Tesla, an electric vehicle company, has reclaimed the world’s richest person title. According to the latest Bloomberg Billionaires Index, the South African-born American billionaire overtook Jeff Bezos, Amazon CEO, to cross a threshold of over $400 billion  the first time ever. The net worth of Musk rose to $447 billion on Thursday  over …

Former President Donald Trump has once again drawn from the ranks of America’s billionaires for key positions in his next administration. From tech moguls to financial titans, these billionaires are poised to shape major policies and initiatives under Trump’s leadership. Here’s the full list: Trump and billionaires in his cabinet 1. Elon Musk – Department of Government Efficiency Valuation: $337.3 …

United States President-elect Donald Trump has appointed the Chief Executive Officer of Tesla and SpaceX, Elon Musk to lead a soon-to-be-established Department of Government Efficiency (DOGE). Musk, owner of X, the microblogging platform previously known as Twitter, was an avid supporter of Trump during the electioneering leading up to the November 5 presidential election. The former president defeated Vice President …

The billionaire owner of Tesla win and X, Elon Musk, saw his wealth increase by approximately $13 billion just hours after his ally, Donald Trump, emerged victorious in the United States presidential election. On Wednesday morning, investors reacted positively to Trump’s win, viewing it as beneficial for Musk’s primary public asset, Tesla (TSLA). This optimism drove the stock price of …

Brazil’s Supreme Court said Tuesday it was lifting a ban on Elon Musk’s social network X, which was blocked in its biggest Latin American market for over a month amid a row over disinformation. “I authorise the immediate return of the activities” of the social platform, Judge Alexandre de Moraes said in his ruling, after X settled millions of dollars …