THE MUSK EFFECT FOR HUMANITY

Key Point: Tesla’s 39% surge since Donald Trump’s election victory last week has lifted Elon Musk’s net worth by about $70 billion. Musk’s wealth rocketed past $300 billion in the days since the election, putting him about $90 billion above Larry Ellison, the world’s second-richest person. Musk spent at least $130 million to help Trump get elected. Elon Musk’s financial gains have surged dramatically since Donald Trump’s election victory, with Tesla’s stock soaring by about 39%. This surge has increased Musk’s net worth by an estimated $70 billion, bringing it to around $320 billion. This puts Musk approximately $90 billion ahead of Larry Ellison, the second-richest person in the world. A significant part of Musk’s fortune is tied up in Tesla, where he owns millions of shares. His wealth has also been boosted by the strong performance of his other ventures, including SpaceX and his recent stake in the social media platform X (formerly Twitter)​. Musk’s support for Trump was extensive, ...

Reports indicate that Elon Musk purchased two luxury properties in Austin, Texas, worth a combined $35 million. These homes include a 14,400-square-foot villa with Tuscan-inspired architecture, and a neighboring six-bedroom property. Both homes are located close to each other, aligning with Musk’s goal of creating a connected living space for his children and two of their mothers. Musk’s recent Austin property purchases follow his broader move to Texas, where Tesla’s headquarters are now based. According to insiders, Elon Musk reportedly acquired a luxurious property complex in Austin, Texas, so his children could live near each other, simplifying family visits and encouraging close bonds among his younger children. The complex, valued at around $35 million, is said to feature a grand 14,400-square-foot Tuscan-style mansion and an additional six-bedroom home nearby. This setup would allow Musk to have his family in adjacent properties, a plan aligned with his goal of keeping his family...

A document unsealed on Wednesday revealed that investors in Elon Musk’s X (formerly Twitter) include notable figures such as Sean "Diddy" Combs, Bill Ackman, Larry Ellison, Marc Andreessen, Saudi Prince Alwaleed bin Talal al Saud, and Twitter founder Jack Dorsey. The disclosure is part of a lawsuit filed by former Twitter employees, accusing Musk of violating arbitration agreements by failing to pay certain fees after acquiring the platform. The document lists nearly 100 groups with stakes in the company, highlighting the high-profile backing behind Musk's vision for X. The recent filing offers a glimpse into the investors who helped fund Elon Musk’s $44 billion acquisition of X (formerly Twitter), a platform considered one of the most influential global town squares due to its vast international reach. X had initially contested the requirement to publicly disclose the names of its stakeholders in the case. In a corporate disclosure statement, X claimed that “no publicly ...

Elon Musk recently criticized Dana Carvey’s impression of him on SNL , calling it off the mark and suggesting the show has been "slowly dying for years." Meanwhile, SNL ’s latest episode featured a skit poking fun at its previous Trump spoofs, with Marcello Hernández joking that everyone on stage "believed in" and "voted for" Trump, adding to the show’s post-election satire. The segment ended with Dana Carvey’s impression of Musk celebrating Trump’s win alongside the SNL cast. Later that night on X (formerly Twitter), Musk responded to the skit, stating, "SNL has been dying slowly for years, as they become increasingly out of touch with reality." Elon Musk also criticized SNL for its handling of Kamala Harris' appearance, saying, “Their last-ditch effort to cheat the equal airtime requirements and prop up Kamala before the election only helped sink her campaign further.” This was in reference to a controversy over Harris’ appearance on SNL ...

Elon Musk recently issued a stark warning about the economic situation in the United States, focusing on the country's mounting debt, which has surged past $35 trillion. Musk described this debt level as “unsustainable” and suggested that, without serious intervention, it could lead to financial instability or even “bankruptcy” on a national scale. His comments come at a time when cryptocurrency markets, particularly Bitcoin and Dogecoin, have seen considerable price increases. Musk’s warning highlights his concerns about long-term economic stability and the potential consequences of high national debt on future generations. His views reflect broader worries from economists and financial experts who believe that the current rate of spending and debt accumulation could undermine the U.S. economy if not addressed.

Elon Musk has frequently been at or near the top of the list of the world’s wealthiest people, competing closely with other billionaires like Bernard Arnault and Jeff Bezos. As of recent assessments, his net worth fluctuates around $250 billion to $300 billion, though it varies with stock market changes, especially since a significant portion of his wealth is tied to Tesla stock. Elon Musk is indeed the head of multiple companies, notably including: Tesla – An electric vehicle and clean energy company. SpaceX – A private aerospace company focused on space exploration and satellite deployment. X (formerly Twitter) – A social media platform he acquired in 2022. The Boring Company – A company focused on tunnel construction to reduce urban traffic. Neuralink – A neurotechnology company developing implantable brain–machine interfaces. SolarCity (now part of Tesla) – Initially a solar energy services company, now integrated into Tesla's energy products division. xAI – His newest v...

Reports indicate that Elon Musk has engaged in multiple phone calls with Russian President Vladimir Putin since 2022, raising security concerns, especially due to Musk's significant business ties with U.S. government contracts through SpaceX and Starlink. Musk’s connection with Putin was revealed in a Wall Street Journal report, and U.S. lawmakers are now pushing for an investigation into the implications of this relationship. Concerns revolve around potential impacts on national security and the nature of Musk's influence over U.S.-Russian affairs, particularly given his support of former President Donald Trump and substantial contributions to Trump’s campaigns​ These revelations have prompted calls from prominent figures, including Rep. Adam Smith and NASA’s chief, Bill Nelson, for the Department of Defense to investigate. Some officials worry Musk’s contact with Putin could pose a risk, especially as he remains a major private contractor with the

Elon Musk’s surprising online offer to father a child with Taylor Swift sparked widespread backlash and intrigue across social media. The saga began when Swift, known for her outspoken activism, announced her endorsement of Kamala Harris in the upcoming U.S. presidential election, subtly embracing her label as a "Childless Cat Lady." This phrase appeared to mock earlier remarks made by Republican politician JD Vance, who had implied that “childless cat ladies” like Swift weren’t contributing to society in the traditional sense. Musk, the billionaire CEO of Tesla and SpaceX and an avid social media provocateur, jumped in with a response few expected: “Fine Taylor... you win. I will give you a child and guard your cats with my life,” he posted on X (formerly Twitter). Though Musk’s post was intended as a humorous riff on Swift’s post, it quickly unleashed a tidal wave of reactions online, ranging from confusion and disgust to outright indignation. Public Reaction: Outrage and M...

Elon Musk indeed spent election night at Mar-a-Lago with Donald Trump, joining a small gathering as Trump awaited the results. Musk, an outspoken supporter of Trump’s 2024 campaign, contributed significantly to Trump's campaign efforts. Musk’s attendance highlighted his influential role in the event, and he was among several high-profile supporters at Mar-a-Lago for the occasion. Trump later addressed a larger group of supporters at the nearby Palm Beach Convention Center as results rolled in.

 Elon Musk is widely known as the CEO of Tesla and SpaceX, among other ventures, but there are still many intriguing aspects of his life and personality that aren’t as widely known. Here are 10 interesting facts about him: He Created and Sold a Video Game at 12 Musk’s tech journey started young; at 12, he created a space-themed video game called Blastar . He sold it to a magazine for $500, marking his early foray into programming and entrepreneurship. He’s the Real-Life Inspiration for Tony Stark Musk served as the inspiration for Marvel’s Iron Man, particularly the Robert Downey Jr. version of Tony Stark. Downey even visited Musk’s SpaceX headquarters to prepare for the role, and some scenes in Iron Man 2 were shot there. He Dropped Out of His PhD Program Musk was accepted to Stanford University’s PhD program in applied physics and materials science but dropped out after just two days to pursue his entrepreneurial ambitions in the internet boom of the 1990s. He’s Driven by a Fear...