Elon Musk becomes a trillionaire again after SpaceX stock soars
Musk first hit trillionaire status briefly in June.
Musk first hit trillionaire status briefly in June.
SpaceX chief Elon Musk said Thursday his firm may soon match and eventually exceed the frontier AI models developed by competitors OpenAI and Anthropic, making the prediction ahead of high-stakes AI talks he is expected to attend in Washington, D.C., alongside other wealthy tech moguls.
Anthropic is expected to make an initial public offering as soon as October, with reports indicating its valuation could range between $1 trillion and $2 trillion.
The new 125,000-acre site will support “thousands” of Starship flights each year, SpaceX said.
The Kushner scion’s VC firm Thrive Capital nearly tripled its assets thanks to smart bets on OpenAI and SpaceX. Now he’s looking to spend some cash on the NBA’s Lakers.
The Tesla and SpaceX CEO recently acknowledged his fortune’s decline, calling himself a “former” trillionaire.
The billionaire CEO said the company planned to land astronauts back on the moon in the next few years, before eventually building a permanent “metropolis” on its surface.”
Elon Musk said the latest version of Grok is “faster, more token-efficient and lower cost” than one of Anthropic’s models.
The trillion-dollar public debut had initially been planned for late 2026.
A slump in SpaceX’s stock price and new restrictions on $116 billion of Musk’s Tesla shares have dropped him from the four-comma-club.