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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
Elon Musk, CEO of Tesla, SpaceX, X, and xAI, became a trillionaire after SpaceX’s record US$75 billion initial public offering in June. Photo: DPA
China stock market

As Musk loses US$130b, Chinese chip and AI founders’ fortunes rise

Surging stocks of CXMT, Zhipu and MiniMax create billions in wealth as world’s first trillionaire loses status amid SpaceX’s plunge.

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Science

China targets new space-based computing network to process data born in orbit

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China-EU relations

Beijing vows to protect Chinese firms after EU hits Alibaba unit with fine

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Artificial intelligence

China’s Kimi K3 calls US safety curbs on top AI models into question

New model from Moonshot AI is ‘extremely close’ to OpenAI’s flagship after ‘very big jump’ in capabilities, researcher says.

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People walk past the Moonshot booth promoting its Kimi K3 AI model during the World Artificial Intelligence Conference in Shanghai on July 17. Photo: Reuters
Taiwan

Taiwan opens door to Starlink. Now it must wait to see if Musk is ready to enter

Changes to the telecoms law remove barriers to foreign satellite internet firms and could help protect communication networks during a war.

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India

SpaceX took 4 attempts. India’s space start-up needed just 1

Skyroot’s Vikram-1 rocket lifted off on Saturday, carrying customer payloads and in-orbit experiments on its maiden orbital mission.

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HKEX

Exclusive | HKEX eyes confidential filings, lower market cap threshold for start-ups

HKEX is moving towards closed listings to compete with other exchanges that allow for confidentiality.

The Hong Kong Exchanges and Clearing (HKEX) in Central on July 17. Photo: Karma Lo
Alibaba

Alibaba vows to appeal US$629m EU fine for breaches of Digital Services Act

The e-commerce firm described the fine as ‘disproportionate’ and said it did not reflect ‘significant, proactive enhancements’ it undertook.

European Union

EU fines AliExpress US$630 million over illegal products

It is the largest fine ever imposed under the EU’s powerful Digital Services Act, part of the bloc’s legal armoury to police big tech.

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China consumption

How Musk son’s viral bag highlights rise of China’s thriving heritage e-commerce

China’s intangible heritage crafts have evolved from handmade nostalgia into a surging online industry driven by young artisans and buyers.

Elon Musk and son Little X visited Beijing in May. Photo: Reuters
Artificial intelligence

BrainCo claims mind-to-robot link at China’s World AI Conference

Hangzhou-based firm says users can control robots using only their thoughts via EEG headsets, marking a leap in embodied AI tech.

Brain-controlled robot demonstration by Chinese tech unicorn BrainCo. Photo: Handout
Electric & new energy vehicles

Race against Tesla: China’s Xpeng eyes 2027 global launch for viral Iron robot

CEO He Xiaopeng projects the firm will sell 1 million robots by 2030 after ramping up mass production.

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Artificial intelligence

Brain-chip milestone: China completes world’s first commercial implant

Coin-sized implant marks a breakthrough in neurotechnology, underscoring China’s bid to lead the global race against Elon Musk’s Neuralink.

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Britain

UK to change law in bid to deport grooming gang ringleader

Home secretary proposes emergency amendment to strip 1971 legal protections from ‘the vilest foreign criminals’.

Britain’s Home Secretary Shabana Mahmood at the House of Commons in London on Monday. Photo: UK Parliament via AFP
US-China trade war

Why ‘reverse tech transfer’ from China won’t happen in the US auto industry

Experts say political resistance blocks technology transfer that could help US carmakers compete with Chinese rivals.

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BYD has grown into the world’s leading electric vehicle maker, expanding rapidly overseas even as it faces mounting trade barriers in major Western markets. Photo:Reuters
China shipbuilding

China’s historic sea-based rocket recovery puts spotlight on local shipbuilder

Unlike conventional vessels, the platform must maintain exceptional stability and positioning accuracy in rough seas.

Science

China’s reusable rocket feat lights up the web: is SpaceX set to lose its crown?

The space race just became a real race again, says one online commentator, after net-and-cable recovery of rocket booster sparks awe.

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China economy

Opinion | A healthy economy isn’t built on asset bubbles and debt pyramids

A financial system designed to increase market valuations rather than improve people’s quality of life is prone to crisis.

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Illustration: Craig Stephens
Ukraine war

Russia deploys powerful jammers to disrupt Starlink in war against Ukraine’s drones

Kyiv’s ‘mid-strike’ drone campaign causes Russia problems – but the Russians are developing ways to counter the strikes.

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Artificial intelligence

China’s AI rise is powered by open-weight models. It could face a tough choice

As cutting-edge models like Zhipu AI’s GLM-5.2 rapidly close the performance gap with frontier models, policy analysts warn a regulatory shift may be imminent.

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My Take

What have the Americans ever done for us?

For its 250th birthday, it is worth remembering some of the greatest contributions that the US has made to humankind.

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Fireworks go off during the Salute to America 250 celebration at the National Mall in Washington, July 5, 2026. Photo: EPA
India

India orders WhatsApp to halt username feature over anonymity concerns

The stand-off forces WhatsApp to weigh compliance against mounting concerns about government interference in its biggest market.

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The WhatsApp app icon is seen on a smartphone. India has asked WhatsApp to justify the implementation of ​a planned feature covering usernames and to freeze the rollout. Photo: Reuters
IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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My Take

My Take | Greenspan helped blow up capitalism. China saved it

Long-reigning Fed chair personalised the fanaticism of a US system that triggered two worldwide economic crises.

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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.

Leon Black, Chairman, CEO and Director of Apollo Global Management, speaks at a conference in Beverly Hills, California, in May 2018. Photo: Reuters
Singapore

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

In the midst of record-breaking temperatures, social media users are praising the late statesman’s foresight in embracing air conditioning.

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People cool down near water misters in Cologne, Germany, on Thursday. Photo: AFP
Mainland China

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

China is seeing growth in its tech uber-rich as AI and other hard technologies drive wealth creation.

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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