SpaceX has accumulated nearly $5. 4 billion in tax losses, avoiding federal income tax. The company uses tax benefits, including loss carryforwards, made possible by changes in tax legislation in 2017.
Elon Musk's xAI startup lost a US government contract after its Grok chatbot issued an antisemitic tirade praising Hitler. Despite this, xAI secured a $200 million deal with the Pentagon.
SpaceX will update the design of the Starship rocket by removing one stabilizer. The new version will have three larger and stronger grid fins for better descent.
US President Donald Trump signed an executive order to simplify federal regulations for commercial space launches. Shares of AIRO Group, Satellogic, and Rocket Lab USA rose, some by more than 11%.
Igor Babushkin, co-founder of xAI, announced his departure from the company. He plans to create a venture firm to invest in the safe development of artificial intelligence and scientific startups.
Billionaire Elon Musk said his startup xAI would sue Apple. He accuses the iPhone maker of violating antitrust laws in managing App Store ratings.
A new Gallup poll showed that Pope Leo XIV has the highest approval rating among Americans (+46). Volodymyr Zelenskyy received +18, while Elon Musk has a deeply negative rating of -28.
The US Air Force Test Center plans to acquire 33 target vehicles, including two Tesla Cybertrucks. This is necessary to prepare units for operations by simulating scenarios as close as possible to real-life situations.
A Florida court ordered Tesla to pay $329 million for a fatal 2019 accident involving an autopilot. This is the first time the company's autopilot has been found to be involved in a fatal crash.
The US Federal Court of Appeals reinstated part of the lawsuit against Elon Musk's X platform. The accusations concern the untimely response to a child pornography video that garnered over 167,000 views.
Donald Trump said he never visited Jeffrey Epstein's private island because he declined the financier's invitation. He also refuted the White House's previous explanation for the breakdown of their relationship, stating that Epstein was blacklisted for poaching his employees.
Norway, Ukraine, and Great Britain may join the EU's secure satellite network IRIS², which is an alternative to Elon Musk's Starlink. Norway is already in negotiations, while Ukraine and Great Britain have not yet started them, despite concerns about Starlink's market dominance.
Elon Musk ordered the Starlink terminals in the Kherson region to be disabled in September 2022, which caused communication disruptions and hindered the encirclement of Russian positions. This incident was the first known case of Starlink being disabled on the battlefield, raising concerns about the billionaire's influence on geopolitics.
The Starlink satellite communication system has resumed operations after a 2. 5-hour outage caused by a malfunction of internal software services. SpaceX Vice President Michael Nichols apologized for the temporary inconvenience and promised to eliminate the cause of the problem.
Elon Musk apologized for the Starlink outage, promising a quick restoration of service and elimination of the cause. Problems with the system were observed worldwide, including the front in Ukraine.
The Irish media regulator is pressuring the X platform over non-compliance with new age verification rules to protect minors. The company risks a fine of up to 500,000 euros and is challenging the code in court.
The European Automobile Manufacturers' Association called for additional incentives for electric vehicles after the largest drop in new car sales in 10 months in June. New EV registrations fell by 5.1% to 1.24 million, indicating a slowdown in demand growth.
Elon Musk's Tesla company is experiencing a crisis in the US electric vehicle market due to high prices, lack of charging infrastructure, and decreasing demand. Analysts predict a decline in demand due to tariffs, failed deliveries, and the cessation of subsidies.
The French government has launched a criminal investigation against company X for alleged algorithm manipulation and fraudulent data extraction. The company denies the accusations and calls the investigation politically motivated.
Donald Trump's administration considered terminating contracts with SpaceX after a spat between Trump and Elon Musk. A review of the contracts revealed their critical importance to the Department of Defense and NASA, making their cancellation impossible.
Elon Musk announced plans to create a new artificial intelligence-based application called Baby Grok, aimed at a child audience. The project will be implemented by his startup xAI, founded in 2023.
Donald Trump accused The Wall Street Journal of fabricating a story about greeting Jeffrey Epstein 20 years ago and threatened to sue. The WSJ claims that Trump sent Epstein a letter for his 50th birthday in 2003, which contained a drawing of a naked woman.
The European Commission has temporarily suspended its investigation into the social network X for violating digital transparency rules. This decision is related to trade negotiations between the EU and the US to avoid escalating tensions with Washington.
Tesla has applied for a license to sell a new version of the Model 3 sedan in China. This single-motor rear-wheel-drive version is equipped with a triple NMC battery from LG, which was previously only available in all-wheel-drive models.
Mike Johnson, Speaker of the US House of Representatives, called on the Department of Justice to release documents related to Jeffrey Epstein. This comes amid criticism from Trump supporters regarding the lack of transparency in the handling of the case.
Larry Ellison for the first time took second place among the world's richest people, surpassing Mark Zuckerberg. This happened after the rise in Oracle Corp shares, which increased his fortune to $251.2 billion.
The SpaceX Crew Dragon capsule with four astronauts, including NASA veteran Peggy Whitson and representatives from India, Poland, and Hungary, successfully returned to Earth after 18 days on the ISS. For the three countries, this was their first flight to the ISS, and for 65-year-old Whitson, it was her fifth trip to space.
Elon Musk stated that he plans to hold a Tesla shareholder vote on investing in the xAI startup. This will deepen xAI's integration into Musk's business empire, despite no merger plans.
Linda Yaccarino, CEO of X Corp. , announced her resignation after two years. The Financial Times reports that the reason was disagreements with Elon Musk, whose direct style clashed with her sophistication, despite the successful expansion of X's advertising business.
Elon Musk called on Donald Trump to release the materials of the Jeffrey Epstein case, as he promised. This happened after the Department of Justice confirmed Epstein's suicide and the absence of a "client list."
