"You would not believe the texts I got from these tech guys," NYT reporters Maggie Haberman and Jonathan Swan quote Donald Trump as telling associates in an upcoming book. Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos sought to ingratiate themselves with President Donald Trump after he won the 2024 election, and in return he mocked their efforts behind their backs, according to a new book by The New York Times reporters Maggie Haberman and Jonathan Swan. Zuckerberg once texted Trump a photo of a letter written by one of his grade-school-age children, who wrote that they "looked forward to the golden age of America," a slogan Trump had repeated at rallies during the presidential campaign. And over dinner at Trump's Mar-a-Lago club, Bezos denigrated The Washington Post to Trump and essentially described the newspaper as one of his worst financial investments, months before he unsuccessfully sought a business favor from the president. These episodes are detailed in the book, a copy of which WIRED obtained ahead of its release on June 23.

'Musk profits where there are as few regulations as possible and he can dominate.' 'Musk profits where there are as few regulations as possible and he can dominate.' Ten years ago, after complaining that traffic was'driving him nuts', Musk's Boring Company began building underground tunnels to ease congestion on the roads. I t's another blindingly bright day in Las Vegas but I'm 30ft underground and strapped in for a rocket ride to the future. And it's pretty slow - my driver tells me the speed limit down here is 30mph. It's also pretty short: the journey is over in a matter of minutes.

Musk's SpaceX buys AI coding start-up for $60bn days after IPO SpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO). Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent. The move comes after SpaceX joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn . A surge in SpaceX's share price on Monday and Tuesday saw the company overtake Amazon to become the world's fifth most valuable company. The companies have been partners since April, when SpaceX announced it had the right to either buy it for $60bn, or pay $10bn for the work they have done together.

IPO mints Musk as world's first trillionaire - now SpaceX is public, it will be harder than ever not to have a stake in its future I'm filling in for your usual host Blake Montgomery, who is out this week on vacation. Today, we'll be talking about the historic SpaceX IPO and the US government's surprise order to limit the use of Anthropic's most advanced AI model over cybersecurity concerns. Elon Musk's SpaceX hit the market on Friday in the biggest IPO of all time, raising $85.7bn and easily shattering the previous record of $29.4bn set by the Saudi oil giant Aramco. The rocket, AI and satellite communications company ended the day at $160.95 per share, up from its IPO price of $135 and satisfying any Wall Street skepticism over the unorthodox rollout of the stock. SpaceX's successful market debut turned Musk into the world's first trillionaire, an unprecedented accumulation of wealth that supporters touted as a testament to his financial genius and critics denounced as a symbol of a broken economic system.

Elon Musk's SpaceX achievements have made him the world's first trillionaire, but Senators Bernie Sanders and Elizabeth Warren view his wealth as an indictment of capitalism.

His fortunes reached new heights while his online behavior reached new lows. Enter your email to receive alerts for this author. You can manage your newsletter subscriptions at any time. You're already subscribed to the aa_Nitish_Pahwa newsletter. You can manage your newsletter subscriptions at any time.

US judge dismisses Musk's xAI trade secret lawsuit against OpenAI A United States federal judge has dismissed a lawsuit by Elon Musk's artificial intelligence company xAI that accused rival Sam Altman's OpenAI of stealing trade secrets for chatbots. US District Judge Rita Lin in San Francisco said on Monday that xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li might have disclosed any. She dismissed an earlier version in February. The lawsuit originally filed last September focused on broader alleged misappropriation of confidential information, including source code, by xAI employees who left for jobs at OpenAI. Monday's decision is Musk's second legal loss against OpenAI in four weeks. On May 18, a federal jury ruled against Musk, the world's richest person, in his $150bn lawsuit accusing OpenAI and Altman of "stealing a charity" by betraying the company's original mission as a nonprofit to enrich themselves.

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut Elon Musk on Friday became the world's first trillionaire after shares in his SpaceX rocket company soared during the biggest-ever stock market debut. The Tesla and SpaceX founder comfortably cemented his status as the world's richest man, with his total net worth standing at $1.11tn (£828bn) according to the Bloomberg rich list. It came as the rocket, telecommunications and artificial intelligence (AI) company listed on the Nasdaq stock exchange with a value of $2.2tn. The company said its shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 in a show of investor enthusiasm for potential business related to space and companies associated with Musk. SpaceX shares closed on Friday at about $161.

SpaceX's stock market debut has thrust the richest man in the universe into an unexplored frontier of wealth. There are thousands of billionaires across the world. But there is only one trillionaire. Elon Musk became the first person to amass a personal fortune of over $1,000,000,000,000--that's 12 zeros--after shares of his rocket company SpaceX debuted on the Nasdaq stock exchange on Friday. SpaceX's initial public offering on Thursday valued the company at nearly $1.8 trillion, up from its most recent private valuation of around $1.25 trillion.

SpaceX IPO debuts in US markets, Musk becomes world's first trillionaire SpaceX has debuted on US markets with a market valuation of more than $2 trillion, minting CEO Elon Musk as the world's first trillionaire. Shares opened on Friday at $150 per share, marking a 11 percent increase from the initial public offering (IPO) price of $135, valuing the company at $1.96 trillion and putting the aerospace company on track to become the sixth-largest company in the United States. The company sold $75bn in shares, immediately valuing it at $1.77 trillion. The IPO was oversubscribed four times higher than was otherwise expected, according to the Reuters news agency. Of the institutional investors allocated, according to Bloomberg News, as much as 70 percent went to what are called long-only investments -- a strategy in which holders buy assets based on the expectation that their value will grow over time -- and sovereign wealth funds, including those from Saudi Arabia and Kuwait as well.