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Elon Musk

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Elon Musk
Latest news on billionaire Elon Musk, owner of X (formerly Twitter) and the founder of SpaceX, Tesla and The Boring Company.
Born
28 Jun 1971
Industry
Business, Technology
Job Title
Businessman
Leon Black, Chairman, CEO and Director of Apollo Global Management, speaks at a conference in Beverly Hills, California, in May 2018. Photo: Reuters
United States

US billionaire Leon Black defends US$158 million paid to Epstein

‘I knew Jekyll. I didn’t know Hyde,’ the investor – who features prominently in the Epstein files – told US lawmakers.

Singapore

Singapore’s Lee Kuan Yew seen as cool guy amid Europe’s deadly heatwave

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Mainland China

Video | Could the world’s second trillionaire come from China?

Artificial intelligence

China to match Anthropic’s top AI model in 2026, Zhipu founder tells Musk

Global No 2 ranking for Zhipu’s breakthrough AI model triggers Musk exchange over whether China can close gap with US sooner than expected.

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Elon Musk has responded to a post discussing when China could potentially produce a rival to Fable 5, saying the timeline would probably be the first quarter of next year. Photo: DPA
Zhipu AI

Zhipu AI market cap tops HK$1 trillion after GLM-5.2 release

New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5.

Hong Kong economy

Hong Kong to roll out measures boosting offshore yuan trading in July

Government wants more listed firms trading stocks in renminbi and will use city’s hub status to help mainland Chinese firms expand overseas.

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SpaceX

Letters | SpaceX’s historic IPO ignites investor appetite for space AI

Readers discuss how investor confidence in commercial space could benefit China, the US-Iran interim peace agreement, Japan’s 2-2 draw with the Netherlands in the Fifa World Cup, and the musical legacy of Anders Nelsson.

SpaceX CEO Elon Musk, displayed on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX’s IPO at the Nasdaq MarketSite in New York City on June 12. Photo: AFP / Getty Images / TNS
United States

SpaceX bankers prepare for potential US$20 billion bond offering, sources say

The offering ⁠would mark the first time the rockets-to-AI company has issued investment-grade dollar ‌bonds.

Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

HKEX chief Bonnie Chan says global investors remain focused on China’s innovation story.

SCMP Highlights

Nvidia, Apple HQs caught on camera; Nasa’s Artemis flaws: 7 science highlights

From a Chinese firm releasing images of Nvidia and Apple HQs to SpaceX’s IPO, here are some highlights from SCMP’s recent science reporting.

A satellite image of Nvidia’s headquarters in Santa Clara, California was among the photos released on Monday. Photo: Changguang Satellite
Britain

New UK party emerges as a threat to Farage. And, it’s even more far-right

Rupert Lowe’s fringe group threatens Reform’s momentum ahead of a key parliamentary test.

Reform UK leader Nigel Farage faces an unexpected challenger as a new, harder-line splinter party threatens to disrupt his electoral momentum. Photo: Reuters
United States

SpaceX vaults past Amazon’s market value, briefly topping Microsoft

Elon Musk’s company was worth roughly US$2.655 trillion at closing – some US$800 billion more than at its record IPO last week.

United States

US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI

A San Francisco judge said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to steal trade ⁠secrets.

Science

Why SpaceX may not be a model for Chinese companies to copy

A leading economist argued the country’s space industry could take a ‘big leap forward’ by building up its satellite infrastructure.

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SpaceX employees celebrate the firm’s record-breaking IPO in New York on Friday. Photo: AFP
Millionaires, billionaires and trillionaires

Musk is world’s first trillionaire – what could he buy with all that money?

The SpaceX boss has reached a level of wealth that is hard to understand in real terms. But we’re going to try.

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A bust of Elon Musk is seen in Brownsville, Texas, on Friday, the day of SpaceX’s IPO. Photo: Reuters
United States

Elon Musk becomes world’s first trillionaire after SpaceX IPO

The company’s shares hit US$160.95 each, propelling the world’s richest person’s fortune to US$1.1 trillion.

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Hong Kong stock market

The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO

Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.

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IPO

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

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Elon Musk in Beijing on May 14. Photo: AP
SpaceX

Blast off on Wall Street: record SpaceX IPO could make Musk a trillionaire

At US$135 a share, the offering will raise US$75 billion, making it the biggest market debut in history.

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IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

Protests around the world

Belfast reeling as street violence and online ‘hit lists’ terrify minorities

UK minister says violence in Northern Ireland is ‘racist thuggery’ as ethnic minorities are targeted.

Masked rioters clash with police blocking their way to a hotel housing asylum seekers in Glengormley, north of Belfast, on Wednesday night. Photo: AFP
Luxury travel

The creative’s guide to Austin, the coolest city in the US

Matthew McConaughey, Elon Musk and Joe Rogan are among those who live in this city renowned for its barbecue, cowboy boots and home-grown brands like Kendra Scott.

Street art in Austin, the capital of Texas nicknamed Bat City. Photo: Shutterstock
Britain

Elon Musk accused of stoking tensions, ‘weaponising fear’ in Belfast

Musk, who shared lists on social media of locations where protests could take place, blamed ‘uncontrolled immigration’ for the unrest.

IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

US-China tech war

Blocked from SpaceX IPO, Chinese investors get creative to catch a ride

Proxy stocks and supply chain speculation are among options after being locked out of what could be largest listing ever.

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Illustration: Reuters
Britain

Protesters torch buildings and vehicles, block roads over Belfast stabbing

A suspect from Sudan has been arrested for the brutal attack that was captured in a graphic video.

Vehicles set on fire by protesters burn on Lendrick Street in east Belfast, Northern Ireland, on Tuesday. Photo: AP
Space

Nasa reveals Artemis III astronauts in next step towards moon landing

The crew will orbit Earth while practising docking their Orion capsule with two lunar landers.

US-China tech war

SpaceX IPO: views from the ground

As Elon Musk’s SpaceX prepares to go public on June 12, the SCMP is covering the impact of the American commercial space giant’s move and reporting on the reaction from China.

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