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.
In what seems very much like a desperate attempt to save face after failing to convince the world that Christopher Nolan’s The Odyssey is a bad film, Elon Musk says that Grok Imagine will generate a “historically-accurate” adaptation of Homer’s epic poem. One can only imagine what “historically-accurate” means here.
The thirteenth, and first post-IPO, flight test of SpaceX’s massive Starship vehicle was supposed to occur Thursday night, but when the countdown hit zero just before 7PM ET, “Some of the engines didn’t start, triggering an automatic launch abort,” writes Elon Musk.
Along with his usual morning tweets in support of right-wing politics, against certain immigrants to the US, and boosting data centers, the sometimes-trillionaire writes, “Once we have completed our review for security vulnerabilities, we will make the entire codebase of 𝕏 open source, with no exceptions.” (He didn’t mention how Grok Build had apparently made exposing your code a little too easy.)
He also tweeted separately about its mysteriously busted algorithm, saying that it “…barraging you with similar content due to a few likes” is another problem.
He had been set to talk to CNBC’s Julia Boorstin at 12PM ET, but a little over 10 minutes past the hour, Boorstin reported that “we just got word that he has to postpone.” Right now, we don’t know if or when the interview may actually happen.
Judge Sparkle Sooknanan approved the $1.5 million pocket-change settlement with the Fed over his violation of disclosure rules in connection with the purchase of Twitter. She said she had limited authority:
“Whether the Executive Branch (through the SEC) has done enough to hold Mr. Musk to account for his alleged violation is, like many other issues, for our citizenry to decide at the ballot box.”
According to Elon Musk, the platform will be releasing a new feature for Community Notes that sends you a DM if “a post you interacted with is corrected.” I can see the potential utility, though you’re putting trust in the Community Note actually being correct. It’s also unclear when this may launch.
The trillionaire’s legacy of death under DOGE had a spotlight put on it recently, including from us. Musk responded with threats, including a threat to sue Rep. Ro Khanna (D-CA) for citing the same study we did. Now he’s in a losing war against the reality of his ghastly conduct. The Guardian explains the saga so far:
Walk softly and carry a Fender Telecaster.
Musk’s total net worth is now $957 billion, according to the Bloomberg Billionaires Index. That figure is still $660 billion higher than Larry Page, the next person on the list, whose net worth is $297 billion.
[Bloomberg]
BEAD was a once-in-a-generation chance to fix the digital divide — then turned into a gift for tech moguls.
A month after a jury dismissed Elon’s claims in the Musk v. Altman case, US District Judge Rita Lin dismissed an xAI lawsuit accusing OpenAI of stealing trade secrets and poaching employees. This time, it was dismissed with prejudice, meaning it can’t be refiled, unlike when she dismissed the case in February.
The judge wrote in her ruling that continuing the case “would be futile.”
While SpaceX plans satellite-based AI servers, Bloomberg reports it ran into trouble trying to develop and run Grok AI in Memphis, citing unnamed sources. They claim that deals renting capacity to Anthropic ($15 billion annually) and Google ($920 million per month) happened following hardware variation and lag issues:
Elon Musk’s company had planned to train its most cutting-edge AI models on a massive amount of computing power by using a cluster of three data center campuses. However, the firm encountered latency issues when connecting Colossus 1 with two other sites located more than 10 miles away, the people said, compounded by aging network infrastructure.
With the debut of SPCX, Elon Musk’s 4.8 billion shares are enough to push his wealth beyond $1.1 trillion, as noted on Forbes’ “definitive, minute-by-minute guide to every billionaire around the globe.”
As reported by CNBC, the New York Times, and others, trading commenced at a price 11 percent above the $135 IPO price, but lower than the $175 shown in some earlier indications. It’s already spiked as high as $167, before falling back to $155. As long as the share price remains above $138, that is enough to make Elon Musk the world’s first trillionaire.
It also gives SpaceX a market cap of over $2 trillion, making it currently the 6th most valuable public company in the US.
That price puts SpaceX at a market valuation of around $1.77 trillion ahead of its record-breaking stock market debut on Friday. CNBC reports that SpaceX may allocate 20 percent of shares to retail investors, down from the previous expectation of 30 percent.
We’re still not sure whether Elon Musk will show up to ring the bell on Wall Street for tomorrow’s SpaceX IPO, but he’s already in the city — in the form of an effigy erected in Times Square. Like a similar protest this week outside WWDC, this one also targets Grok for enabling child abuse imagery.
“What we’re showing here is kind of a draft version of the version one of the SpaceX AI satellite,” said Elon Musk at the reveal on Monday. “It’s actually much simpler than a Starlink satellite.” The release of renders and specs for the space-based AI1 data center is very much timed to lend credence to the SpaceX IPO, which is set to begin trading on Friday.
Elon destroyed Twitter, but somehow still won as he prepares to take SpaceX public in what could be the biggest IPO ever.
The biggest public offering ever is financial nihilism’s final form.
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.
We sent Liz Lopatto to Musk v. Altman and all we got was this episode of Decoder
The rocket company says it’s ‘highly dependent’ on Musk’s leadership. And that his other companies are possible competitors.
Public opinion of the AI industry is already sinking. A parade of untrustworthy executives makes it look worse.
That was quick (about two hours).
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.
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.
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.
