#elon-musk

#elon-musk

The SpaceX and Tesla CEO is by far the richest person in the world. Per the Bloomberg Billionaires Index, he is worth $668 billion. The second-richest person in the world, Larry Page, is worth $285 billion. Musk's wealth has soared by $49 billion since the start of the year, buoyed by SpaceX's high valuation and news of its merger with his AI startup, XAI.

The government is preparing a series of measures including a social media ban for under-16s, the prime minister, Pedro Sanchez, said, promising to protect children from the digital wild west and hold tech companies responsible for hateful and harmful content. Sanchez said on Tuesday that urgent action was needed because social media was a failed state where laws are ignored and crimes are tolerated.

PayPal ( NASDAQ:PYPL ) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations . Adjusted earnings came in at $1.23 per share, below the $1.29 consensus estimate, while revenue reached $8.68 billion against forecasts of $8.79 billion. The shortfall stemmed from softer consumer spending and slower growth in its branded checkout business, which rose just 1% year-over-year. For 2026, PayPal guided for adjusted profit to decline in the low single digits or be slightly positive, well under the 8% growth analysts expected.

The French offices of Elon Musk's X are being raided by local police, according to the Paris prosecutor's office. The search is being carried out by a cybercrime unit in relation to an investigation opened in January 2025, the Paris Prosecutor's office said in an X post on Tuesday. X has faced investigations and backlash in Europe over sexual images generated by its AI chatbot Grok.

"Elon is an American treasure but also a desperately incentivized futurist even earlier than me," the investor of "The Big Short" fame posted on X late Thursday. Burry, known for making premature but ultimately correct predictions, likely meant the Tesla and SpaceX CEO stands to profit enormously from his vision becoming reality, so he's highly motivated to hype it as much as he can. "I am glad he is here in America," Burry wrote on his Substack. "He will go down in history like PT Barnum and Thomas Edison," he added, referring to the legendary showman and founder of the Barnum & Bailey Circus, and the iconic inventor who helped refine the electric light bulb.

As I'm here in Africa, I'm deeply disappointed to hear that SpaceX's launch failure destroyed our satellite that would have provided connectivity to so many entrepreneurs and everyone else across the continent. Further replying to a user's query on the insurance of the satellite, the very irked Zuckerberg quipped, The problem isn't the money; it's that now it may take longer to connect people.

Last year, the Cybertruck spiraled into market irrelevance while the rest of the EV market found its footing, as the pickup experienced the single biggest sales collapse of any electric vehicle in the United States. Elon Musk's flailing company managed to move only an estimated 20,237 Cybertrucks in 2025. And that's counting the units that Musk reportedly bought for himself through SpaceX and xAI to avoid further ridicule.