Elon Musk has become the first person in history to amass a net worth close to $500 billion, driven by rising Tesla shares and soaring valuations of his other ventures.
Musk’s wealth reached $499.5 billion as of 3:55 p.m. ET on Wednesday, according to Forbes’ billionaire index. The surge comes as Tesla’s stock continues to rally, rising more than 14% this year and nearly 4% on Wednesday alone, adding over $7 billion to Musk’s fortune.
The company’s board recently proposed a $1 trillion compensation package for Musk, highlighting his pivotal role as Tesla shifts its focus toward artificial intelligence and robotics.
His wealth has also been boosted by significant valuation gains at xAI, Musk’s artificial intelligence startup, and SpaceX, his space exploration company.
Oracle co-founder Larry Ellison remains a distant second on the Forbes list, with a net worth of about $351.5 billion as of Wednesday.
The UK has become the latest country to annouce a social media ban for children under 16. British Prime Minister Keir Starmer made the announcement on...
An armed unmanned aerial vehicle crashed on a Black Sea beach in northern Türkiye on Sunday, prompting a security operation and the controlled detona...
Spain has received around 900,000 applications from undocumented migrants seeking legal status under a government regularisation programme. The influx...
A Ukrainian man has been found guilty of carrying out a series of arson attacks on properties linked to British Prime Minister Keir Starmer after bein...
Fighting in southern Lebanon eased on Monday after a U.S.-Iran agreement aimed at ending months of regional conflict was announced, although uncertain...
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
Canada’s Privacy Commissioner has found that xAI’s Grok chatbot and its parent company X Corp. violated federal privacy law by launching an AI image-generation tool without adequate safeguards, enabling the creation and distribution of non-consensual sexualised deepfakes.
The United Kingdom has begun using SpaceX's Starshield satellite network for military operations, according to people familiar with the matter, marking one of the first known deployments of the secure government-focused system outside the U.S.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
U.S. and Iranian officials said they had agreed on a framework to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Iran's nuclear program to further negotiations.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Spain has received around 900,000 applications from undocumented migrants seeking legal status under a government regularisation programme. The influx has far exceeded initial expectations, the Migration Ministry said on Monday.
A Ukrainian man has been found guilty of carrying out a series of arson attacks on properties linked to British Prime Minister Keir Starmer after being recruited by a mystery figure known only as "EL Money".
British lawmakers look set to revisit assisted dying in the new parliamentary session after Labour MP Lauren Edwards said she would reintroduce legislation that failed to complete its passage through Parliament earlier this year.
Israel expects to secure new contracts for its air and missile defence systems from European countries within weeks, as governments across the continent continue to strengthen their militaries amid security concerns linked to Russia's war in Ukraine.
U.S. President Donald Trump has threatened to impose 100% tariffs on French wine and champagne unless France removes its digital services tax on major American technology companies.
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