Elon musk – Breaking News & Latest Updates 2026
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Elon Musk

Elon Musk certainly has a lot of ideas. Since making a fortune from PayPal in the original dotcom boom, he’s taken over Tesla, pushing forward production of electric cars, and founded SpaceX, the rocket company that now flies plenty of NASA payloads.

Two newer companies — the Boring Company, focused on digging holes for transit tunnels, and NeuraLink, which is developing brain-computer interfaces — also occupy his time. Then there’s the Hyperloop, the high-speed land travel design he’s encouraged others to develop. Somehow, this brash billionaire still has time to get himself into trouble on Twitter.

Elon Musk is steamrolling Wall Street to become a trillionaire
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Elon destroyed Twitter, but somehow still won as he prepares to take SpaceX public in what could be the biggest IPO ever.

Nilay Patel
The SpaceX IPO is great for Elon Musk and terrible for you

The biggest public offering ever is financial nihilism’s final form.

Elizabeth Lopatto
Richard Lawler
Richard Lawler
SpaceX’s 12th Starship flight test has launched.

After a scrubbed launch on Thursday, SpaceX’s first V3 Starship left Pad 2 at Starbase on Friday evening.

SpaceX is now preparing to go public, and a lot of its big promises hinge on the development of vehicles like the next-generation Starship and Super Heavy vehicle launched today. The booster will not attempt a return this time, while the Flight 12 Starship is attempting to deploy 20 Starlink simulators and two “modified” Starlink satellites.

Musk v. Altman: Much ado about nothing
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We sent Liz Lopatto to Musk v. Altman and all we got was this episode of Decoder

Nilay Patel
In SpaceX’s IPO, Elon Musk is the risk factor

The rocket company says it’s ‘highly dependent’ on Musk’s leadership. And that his other companies are possible competitors.

Andrew J. Hawkins
Musk v. Altman proved that AI is led by the wrong people

Public opinion of the AI industry is already sinking. A parade of untrustworthy executives makes it look worse.

Hayden Field
Richard Lawler
Richard Lawler
The jury has delivered a unanimous verdict.

That was quick (about two hours).

Elizabeth Lopatto
Elizabeth Lopatto
An observer has just been ejected from the court by the US marshals.

I assume because he was recording, since the marshal said, “Give me your phone.” There have been several incidents of people attempting to record or take pictures throughout the trial — but I honestly am not sure why you’d record today of all days.

Elizabeth Lopatto
Elizabeth Lopatto
C. Paul Wazzan is the expert called by Musk to determine damages.

Unfortunately he does not have a lot of details YGR is asking for. He doesn’t know how many investments Musk has made (11 to date, according to Pitchbook), or how many were successful. He’s getting some pretty tough questioning from YGR in the direct exam. Among the things she’d asked, he didn’t know how many startups fail in Silicon Valley, or the success rate for assorted VC firms.

Elizabeth Lopatto
Elizabeth Lopatto
“I told you in my opening statement you wouldn’t hear very much from Microsoft, and you haven’t.”

God bless. We are in the Microsoft closing statements. “Microsoft never found a single page of a single document” that referenced Musk’s alleged restrictions on his donations during the due diligence process.

Hayden Field
Hayden Field
“I feel like I’m going to miss you all,” Savitt tells the jury.

He may be laying it on thick, but he did get a big laugh.

Hayden Field
Hayden Field
Savitt calls out the fact that Musk is abroad with President Trump today.

He reminded the jury that Musk isn’t in the courtroom while Altman and Brockman are. (Musk posted yesterday that he was en route to Beijing on Air Force One.) “They are here because they care a lot about this,” Savitt said. “Mr. Musk isn’t here. Mr. Musk came to this court for exactly one witness — Elon Musk — and he hasn’t been seen since. Now he’s in parts unknown.”

Hayden Field
Hayden Field
Savitt says Musk has “selective amnesia.”

“He claims to have heard things high atop a windy hill where no one else can hear,” Savitt told the jury. (Strange phrasing, but after the bridge metaphor from Molo, I wouldn’t expect anything less.) He also says Musk has “unclean hands” due to his “unconscionable conduct” related to the claims he’s bringing. “Only after OpenAI succeeded, against Musk’s prediction, only then did he start threatening litigation,” Savitt said.

Hayden Field
Hayden Field
Savitt is talking about the statute of limitations.

He said that by his calculations, people said things like “I don’t remember” and “I don’t recall” between 150 and 200 times during this trial so far — using this to bolster his argument that Musk had waited too long to bring his claims.

Elizabeth Lopatto
Elizabeth Lopatto
Here’s the jackass trophy that the jury didn’t get to see.

You may remember that yesterday I was completely tickled by the possibility that the jury might get to see this. Even YGR seemed tickled by it. Unfortunately, she ruled that discussing it was fine but unless the Musk team gave them reason to introduce it, the jurors wouldn’t see so much as a photo. But this is the trophy Josh Achiam got for getting yelled at by Elon Musk.

An image of what looks like a little league trophy but is in fact half a jackass (the animal) with the inscription “Never stop being a jackass for safety.”
Elizabeth Lopatto
Elizabeth Lopatto
We are back from our break. William Savitt is taking it home for the OpenAI defense.

There’s one more thing that Savitt is harping on. “Has the OpenAI nonprofit respected its general founding principles?” The question doesn’t matter, legally, since Musk didn’t create a charitable trust, but Savitt is going to spend some time on this because Molo emphasized it.

Elizabeth Lopatto
Elizabeth Lopatto
Tesla AI is evidence of Musk’s failure, Eddy says.

Musk doesn’t want to admit that trying to build an AGI lab in Tesla was a failure — whether that was by acquiring OpenAI or trying to poach all its talent, maybe even putting Altman on the board. Eddy suggests this case is revenge on OpenAI for succeeding.

Elizabeth Lopatto
Elizabeth Lopatto
“The documents tell the truth here,” Eddy says.

That’s kind of where I’ve landed! The idea of the “adjunct” for-profit (Eddy says this is a moving target, and though Musk used it twice in testimony, when Savitt used it, Molo objected and accused him of making up a term) doesn’t show up in any of the brainstorming structure documents. We do see parallel for-profits, and the idea of a conversion to a for-profit and shutting down the nonprofit. Jared Birchall also testified that he filed to register a company for this.

Elizabeth Lopatto
Elizabeth Lopatto
Eddy suggests that Musk’s donated Teslas were, effectively, bribes.

They went to Ilya Sutskever and Greg Brockman, among others, right before he proposed that he get 62.5 percent of a for-profit company. We are now looking at tax forms and letters — neither of which show any specific purpose. Jared Birchall also testified that there was no specific purpose for the donations. Shivon Zilis doesn’t remember it. Sam Teller doesn’t remember it. This is like watching the Warriors play a team of 6-year-olds.

Elizabeth Lopatto
Elizabeth Lopatto
Eddy is, wisely, leaning hard on chronology in explaining their defense.

Chronology and documents. Musk’s performance on the stand does give credence to the suggestion from Eddy that Musk “took his marbles and went home” when he couldn’t get his way.

Elizabeth Lopatto
Elizabeth Lopatto
Sarah Eddy is giving the closing argument for OpenAI.

She opens with a banger. Musk has said he made donations with strings attached. “Even the mother of his children can’t back his story.”

Elizabeth Lopatto
Elizabeth Lopatto
Molo is done presenting Musk’s closing argument.

I do wonder how this would have played in the hands of a better lawyer. Molo’s book report did not overwhelm me with confidence in his case, particularly because a lot of his point-blank assertions were profoundly arguable.

Elizabeth Lopatto
Elizabeth Lopatto
For all of the very irritating testimony about “the blip,” Molo hasn’t convincingly connected it to his case.

In all that chaos, Microsoft did suggest board members. But OpenAI didn’t take those suggestions — except one, well after the crisis. I don’t know man, I don’t really understand how this goes to the Microsoft case. It might be a suggestion the nonprofit board doesn’t really control the for-profit — but Helen Toner’s and Tasha McCauley kind of came off as amateurs in their approach, not least because there was no investigation before the firing.

Elizabeth Lopatto
Elizabeth Lopatto
Molo is now attempting to make a case against Microsoft.

So far he’s got “they’re a for-profit corporation,” “they know Musk was a co-founder,” and “they read the announcement OpenAI existed.” This is easily the thinnest part of a very thin case — on the OpenAI part, there’s at least Brockman’s diaries.

Elizabeth Lopatto
Elizabeth Lopatto
During our break, the jurors were out of the room, and the lawyers were beefing again.

During his speech, Molo told the jury he wasn’t asking for money. That is in fact not true — otherwise I wouldn’t be sitting through phase 2 of the trial next week. “You slipped it in nicely,” YGR says. But Molo needs to retract that statement.

Elizabeth Lopatto
Elizabeth Lopatto
We are back on the millions and billions of OpenAI equity that employees have interest in.

I am just going to break from telling you what Molo is saying to say what my personal impression was from sitting here all these weeks: Everyone was improvising. There was no plan. This is especially true of “the blip.” I do wonder if there’s a way to incorporate that into Musk’s case. Anyway, Molo just referenced an exhibit he didn’t have handy, asked for an exhibit number, and then said he’d get it for the jury late.r I have to say, I know Musk’s team is smaller than OpenAI’s, but this might have been a moment to call in another lawyer to handle the close. Someone who could have prepped better, perhaps. Marc Toberoff, who’s theoretically a key figure on this team, hasn’t stood up to do a single thing. Maybe this could have been his moment, I don’t know!

Elizabeth Lopatto
Elizabeth Lopatto
This is kind of choppy.

Molo keeps interrupting himself to restate things or say things like “remember the residuals?” It’s really important in closing to tell a straightforward, easy-to-follow story here, because this is where you put together all the testimony into your case. I know Molo’s got an uphill battle on the facts here, but this could be smoother. He did also just call Greg Brockman “Greg Altman.”

Elizabeth Lopatto
Elizabeth Lopatto
Molo is now suggesting that the “crown jewels” of OpenAI are its IP.

And that the “important constraints” of the capped-profit structure in the first two Microsoft investments did not breach the charitable trust. However, the 2023 investment”changed the world. Altman, Brockman, and OpenAI breached the charitable trust created by Elon” by enriching investors and insiders at the expense of the nonprofit and not open-sourcing the technology.

Elizabeth Lopatto
Elizabeth Lopatto
Musk’s early money meant “a great, great deal,” Molo says. Inarguable!

That money grew OpenAI “so the defendants could do these things that they’re doing now, that they shouldn’t do.” Sam Altman, seated in the courtroom, looks confused by this.

Elizabeth Lopatto
Elizabeth Lopatto
Molo calls Shivon Zilis, mother of Musk’s children, “the most even-keeled, even-tempered witness at the trial.”

I disagree! I think that’s Ilya Sutskever, frankly. Those two did the least amount of beefing on the cross-exam, it’s true. But I am against the Sutskever erasure here — not least because he impressed a number of us in the peanut gallery. I’m sorry I keep bickering with Molo in these updates but a lot of what he’s saying is profoundly arguable. Sir, I was here the whole time!

Elizabeth Lopatto
Elizabeth Lopatto
Ah we are back at the museum store funding the museum.

Molo agrees that OpenAI needed money for compute. He is annoyed that a “brainstorming session” is being cast as evidence that Musk wanted to abandon OpenAI’s non-profit mission.

Elizabeth Lopatto
Elizabeth Lopatto
Perhaps Mr. Molo is unfamiliar with xAI.

Of OpenAI’s founding as a charity, Molo says, “If he wanted to found a for profit business there was nobody in California or the planet who would be better suited and know how to do it than Elon Musk.” xAI, Musk’s struggling AI business that was acquired by SpaceX and is facing an awful lot of lawsuits about its habit of making deepfake porn, suggests otherwise. Anthropic, for instance, does not seem to be having these problems.

Elizabeth Lopatto
Elizabeth Lopatto
Fair enough, Mr. Molo.

Molo asks the jury to imagine they are on a hike and come across a wooden bridge over a gorge, with a river 100 feet below. It looks a little scary but “a woman standing by the entry to the bridge says, ‘Don’t worry the bridge is built on Sam Altman’s version of the truth,’” Molo says. “Would you walk across that bridge? I don’t think many people would.”

Elizabeth Lopatto
Elizabeth Lopatto
I see why Molo is leaning on the spoken testimony.

Look, this case is full of liars. It just is! The biggest problem for his side is the contemporaneous written evidence.

Elizabeth Lopatto
Elizabeth Lopatto
Molo is now calling out Altman’s testimony.

“Are you completely trustworthy?” was the first question, and Altman’s answer is “I believe so.” So here’s the thing. I am largely trustworthy unless you leave your french fries unattended near me. What’s the best way to answer that question under oath? “If you are a truthful person, wouldn’t you say, ‘I am absolutely trustworthy?’” Molo asks. Well, I’m truthful. That’s how you know I might eat your french fries. Come on, man.