Elon Musk

Elon Musk is a South African-American multibillionaire businessman and entrepreneur. Over the years, his high-profile involvements in major companies such as PayPal, SpaceX, and Tesla have seen him accrue a large amount of wealth, consistently ranking him among the wealthiest people in the world, if not the absolute richest overall. As of December 2024, Forbes estimated his net worth at nearly $430 billion, making him the wealthiest person on Earth, having a worth on par with the 2nd and 3rd richest people on the list – Jeff Bezos and Larry Ellison – combined.

In 2022, Musk fully acquired the social media platform Twitter, which he has since renamed X. His acquisition and running of X have sparked both praise and criticism by commentators.

Musk has also been seen as an increasingly divisive figure in recent years over his business decisions and expressed views regarding gender, politics, COVID-19, free speech, and more, with some describing him as a free speech advocate and others accusing him of aiding problematic far-Right voices.

Alongside Vivek Ramaswamy, Musk is currently set to head a new department in the US government known as the Department of Governmental Efficiency (DOGE).

Elon Musk is no longer a trillionaire: He lost hundreds of billions within a few days

A 31 percent plunge in SpaceX stock from its peak and new restrictions on Tesla shares valued at $116 billion wiped hundreds of billions from Musk's fortune.

JUNE 25, 2026|ByWALLA! MONEY

Elon Musk

Nathan Straus

Macy’s magnate Nathan Straus used his fortune to combat disease in New York and Mandatory Palestine

Unlike Rockefeller or Carnegie, Nathan Straus began to give his money away early on and was devoted to several significant philanthropic initiatives as he continued to build his major businesses.

JUNE 24, 2026|ByCHARLES MUNITZ/JTA

Elon Musk

$85 billion was not enough for him: Musk launches an insane fundraising campaign

Just days after the giant offering that raised $85 billion, SpaceX turns to the bond market for the first time to fund its AI and rocket developments.

JUNE 24, 2026|ByWALLA! MONEY

Former prime minister Naftali Bennett speaks during a press conference in Tel Aviv, June 15, 2026

Israel smuggled Starlink systems into Iran, former PM Bennett says

Former prime minister Naftali Bennett said Israel smuggled Starlink internet receivers into Iran to help anti-government protesters, but claimed the effort was later halted by the current government.

JUNE 23, 2026|ByREUTERS

Elon Musk plans to develop SpaceX’s first smartphone

SpaceX is expected to expand Starlink’s operations into new markets, including direct-to-cellular phone connectivity and space monitoring services.

FEBRUARY 13, 2026ByYINON BEN SHUSHAN

Elon Musk

US transported 6,000 Starlink terminals into Iran since January - WSJ

The US sent around 6,000 terminals to Iran in an unprecedented, direct attempt to deliver internet freedom to regime-stifled protestors, according to officials cited by the outlet.

FEBRUARY 13, 2026ByGOLDIE KATZ

What to know about Elon Musk's merger of SpaceX with his AI company - explainer

Elon Musk’s merger of SpaceX and xAI brings together rockets, AI, and social media in a $1.25 trillion bet on space-based data centers. Here’s what the deal means and the challenges ahead.

FEBRUARY 11, 2026ByLAURENCE DARMIENTO/LOS ANGELES TIMES/TNS

SpaceX's Starship rocket launches from Starbase during its second test flight in Boca Chica, Texas, on Nov. 18, 2023.

Mistrust of Trump is reshaping the global order - opinion

Global trust in America is eroding while erratic leadership, private power, and strategic uncertainty are reshaping the world order.

FEBRUARY 8, 2026ByMICHAEL J. SALAMON, LOUIS LIBIN

US President Donald Trump seen in the Oval Office in the White House in Washington, DC, US, January 14, 2026

Israel faces national test as Supreme Court blocks Army Radio closure - opinion

Supreme Court blocks Army Radio closure, signaling a fight over press freedom and democratic checks in Israel.

FEBRUARY 7, 2026BySHERWIN POMERANTZ

An Israeli soldier holds an Army Radio microphone in Jerusalem, December 22, 2025

My Word: Dangerous global gambling games - opinion

Prediction markets claim to reveal the future, but when wars, elections, and disasters are used for gambling, the consequences can be dangerous.

FEBRUARY 6, 2026ByLIAT COLLINS

SpaceX acquires xAI as IPO Nears

FEBRUARY 4, 2026ByTAMI DEMSKY

SpaceX’s acquisition of xAI aims to consolidate AI and space technologies and strengthen its position ahead of a potential IPO.

SpaceX acquires xAI for $250 billions, positioning itself for potential IPO worth $1.5 trillion

The deal, worth $250 billion according to The Information, aims to improve SpaceX's position in its reportedly future IPO, which is being described as potentially the biggest in history.

FEBRUARY 3, 2026ByTOBIAS HOLCMAN

The SpaceX Falcon 9 rocket carrying Starlink satellites is seen over Sebastian Inlet after launching from Cape Canaveral, Florida, February 26, 2025.

French police raid X offices as prosecutors summon Elon Musk for questioning

A widening French investigation into X saw police raid the company’s offices and prosecutors summon Elon Musk and senior staff for questioning.

FEBRUARY 3, 2026ByREUTERS

Governments worldwide crack down on Grok over sexualized AI content - explainer

Regulators worldwide are stepping up action against xAI’s Grok amid concerns over illegal and non-consensual sexual imagery.

FEBRUARY 3, 2026ByREUTERS

A photorealistic image generated by the AI chatbot Grok of a Reuters journalist is shown on a phone’s screen in this illustration picture taken January 22, 2026.