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The Wall Street Journal reported that Elon Musk directed throttling of Starlink satellite internet service used by Ukraine's military. Musk responded on social media that any limits on speed or usage are decided by the US military and ultimately the President, not by him personally.
Elon Musk said both SpaceX's and Tesla's boards have created special committees made up of independent directors to evaluate a potential merger between the two companies, a step he said was requested by shareholders. Musk, who is CEO and top shareholder of both firms, said he is excluded from the committees' discussions due to his conflict of interest, and noted he personally supports a merger but cautioned it is not guaranteed to happen.
Elon Musk told investors during SpaceX's third-quarter earnings call that he supports merging SpaceX and Tesla, though he said the decision ultimately rests with shareholders. He confirmed that both companies have formed special committees of independent directors to discuss the idea, but no agreement on merger terms has been reached. Musk noted he is excluded from those committee discussions due to his conflict of interest as head of both firms.
A new report states that Elon Musk directed a slowdown of Starlink satellite internet service used by Ukraine. The report also notes U.S. envoy Tom Barrack's remark that Washington is no longer the guarantor of global security, and Netflix's disclosure of its slowest revenue growth in years.
SpaceX reported $14.6 billion in third-quarter revenue, with its renamed 'Super Intelligence' division—covering Grok, Cursor, and a neocloud data center business with 1.7 GW of compute—now accounting for 52% of income. The company posted $4.4 billion in net income despite $19.6 billion in capital spending, aided partly by roughly $1 billion from bitcoin price gains and unspecified related-party income.
Elon Musk disclosed on Tesla's Q3 earnings call that Tesla and SpaceX have each set up special committees of independent directors to discuss a possible merger. Musk said the committees were formed at shareholders' request and that he is not involved in the talks due to his conflict of interest as CEO of both companies. No deal terms have been reached, and any Tesla-side merger would require approval from 50 percent of all shareholders, not just those voting.
Elon Musk said during SpaceX's third-quarter earnings call that the company plans to try recovering both stages of its Starship system—the Super Heavy booster and the Starship spacecraft—during its next flight. The attempt would use launch-tower arms to catch the vehicle mid-air, aiming for what Musk called the first full recovery of an orbital launch system in history.
Tesla showcased its Roadster performing a jump and an upside-down landing using cold-gas thrusters and compressed air, part of CEO Elon Musk's pitch that the car can effectively 'fly.' Observers have since questioned whether the demo vehicles were stripped-down props lacking full batteries or the suction-fan system Tesla described, and whether two different cars were used for the two stunts.
President Trump confirmed that Elon Musk's planned gift of SpaceX stock to American children will be delivered through government-created Trump Accounts. Musk earlier said he would give one SpaceX share to every child in the country starting next year, a pledge worth roughly $10.5 billion based on Friday's valuation of SpaceX stock. Other backers, including the Dells, the Dalios, Brad Gerstner and SpaceX president Gwynne Shotwell, have also pledged contributions to the accounts.
Elon Musk announced on X that he plans to give one SpaceX share to every child in America starting next year, calling it 'the first of many' such gestures. SpaceX shares, which began trading publicly in June after a record IPO, closed around $146 on Friday, making the pledged giveaway worth roughly $10.7 billion based on Census Bureau estimates of about 73 million Americans under 18. Musk did not detail how the shares would be distributed or who would qualify.
Four major European telecommunications companies have announced a partnership to explore direct-to-device satellite connectivity for mobile phones. The effort is positioned as a potential rival to Elon Musk's Starlink, which already offers similar satellite-based phone connectivity in some markets.
Elon Musk posted on X that he plans to give one SpaceX share to every child in the United States starting next year, calling it 'the first of many' such gifts. Based on roughly 73 million Americans under 18 and SpaceX's recent $146 per-share price, the pledge would be worth about $10.7 billion, though Musk has not detailed how shares would be distributed or who would qualify.