While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. Elon Musk is taking SpaceX's minority shareholders for a ride T o Elon Musk's fanclub, there is nothing to see apart from more evidence of the great man's visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial intelligence developer, and the combination of these two Musk-controlled entities is being valued at $1.25tn (£910bn). Or, as Musk described it, he is creating "the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world's foremost real-time information and free-speech platform".

Tesla says its annual revenue has fallen for the first time as the electric vehicle (EV) maker shifts it focus to artificial intelligence (AI) and robotics. The company, which is run by multi-billionaire Elon Musk, reported a 3% decline in total revenues in 2025, while profits fell 61% in the last three months of the year. Tesla also announced plans to end production of its Model S and Model X vehicles. It will now use the manufacturing plant in California that made those cars to produce its line of humanoid robots - known as Optimus. In January, China's BYD overtook Tesla as the world's biggest EV maker, while Musk's involvement in politics both in the US and abroad has proved controversial.

Elon Musk's 2018 pay package from Tesla, once worth $56bn, has been restored by the Delaware Supreme Court, in the United States, two years after a lower court struck down the compensation deal as "unfathomable". Friday's ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware's business-friendly reputation. The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world's most valuable companies. The 2018 pay deal provided Musk options to acquire about 304 million Tesla shares at a deeply discounted price if the company hit various milestones, which it did. Tesla estimated in 2018 that the plan was potentially worth $56bn, although given the rise in the stock price, the value ballooned to about $120bn by early November.

The Netflix and Warner Bros. deal might be great for shareholders, but not for anyone else Hollywood does not need more consolidation. Netflix's $82.7 billion acquisition of Warner Bros. is, in many ways, the last thing a weakened Hollywood needs right now. The industry is still recovering from the COVID-19 pandemic, where theaters were forced to close and audiences became even more comfortable with streaming films at home . The WGA and SAG-AFTRA strikes in 2023, which were driven by legitimate concerns around studio interest in generative AI, delayed production and promotion of many film and TV projects. And the rise of streaming content pushed many media companies towards taking on debt and unwise mergers (see: Warner Bros. Discovery), which led to higher subscription costs, layoffs and production belt-tightening.

Jeff Bezos has a unique set of management practices he used and espoused during his time as CEO of Amazon. Amazon founder and former Chief Executive Officer Jeff Bezos honed his leadership philosophy running one of the world's largest companies. Project Prometheus, which Bezos co-founded with scientist Vik Bajaj, will use AI to accelerate engineering and manufacturing in fields like aerospace and automobiles, the New York Times reported. The startup has $6.2 billion in funding, sourced in part from Bezos himself, and employees counted in the dozens, some of whom were poached from leading AI labs like OpenAI and Google DeepMind. As co-CEO with Bajaj, Bezos is back in a formal executive post for the first time since stepping down from Amazon in 2021.

Tesla plans to pay Musk $1tn - do they really need him that much? A great leader is a huge asset for company, of course, but can anyone be worth $1 trillion? That is the pay packet Tesla shareholders have approved for Elon Musk, as long as he meets the targets they have set over the next 10 years. In the meantime he won't collect a salary, but will presumably throw himself into his work with renewed vigour. He was certainly buzzing with energy as he jigged around the stage at the carmaker's Texas headquarters to rapturous applause, telling the audience that while other shareholder meetings were snoozefests, Tesla's are bangers.

It's not clear that everyone is singing from the same hymn sheet though, meaning the AGM in Austin, Texas is set to become a referendum on Musk himself, after a rightward political turn which has made him one of the most polarising chief executives in recent memory. Musk himself has taken to X - which he owns - to raise the stakes higher still, saying the fate of Tesla could affect the future of civilization. He's also used his social media megaphone to amplify some of the deal's high-profile backers, including Dell Technologies' Michael Dell, Ark Invest CEO Cathie Wood, and his brother, Kimbal, who sits on the Tesla board. There is no one remotely close to my brother, Kimbal said, extolling his sibling's leadership qualities.

Open AI CEO Sam Altman speaks during a summit on June 2, 2025 in San Francisco, California. Open AI CEO Sam Altman speaks during a summit on June 2, 2025 in San Francisco, California. Founded in 2015 as a nonprofit, rather than a for-profit company, it promised to develop AI "in the way that is most likely to benefit humanity." With billions of dollars in investments from Microsoft, Japanese bank SoftBank, and chipmaker Nvidia, however, OpenAI has proposed changing its corporate structure to give investors more control over its technology. Critics of the change include cofounder-turned-competitor, Elon Musk, and nonprofits concerned about OpenAI's adherence to its mission.

Elon Musk could leave Tesla as CEO if his proposed $1 trillion pay package is not approved, Board Chair Robyn Denholm has warned. The appeal was sent in a letter to shareholders of the electric car company on Monday. It comes ahead of Tesla's November 6 annual meeting, when shareholders are expected to vote on the proposed pay package, the largest of its kind. The proposed performance-based plan was designed to retain and motivate Musk to continue leading Tesla for at least another seven and a half years, Denholm said in the letter. Musk's leadership is "critical" to Tesla's success, she said, and warned that without a plan that properly incentivises him, the company could lose his "time, talent and vision".

After seven rocky years, the company's assets will be sold to Dazzle, a new AI firm that Mayer founded. Sunshine cofounder and CEO Marissa Mayer speaks at TechCrunch Disrupt in San Francisco in 2023. Sunshine, the consumer AI startup founded by former Yahoo CEO Marissa Mayer in 2018, has seen brighter days. The small startup is shutting down, and its assets are being sold to a new entity incorporated by Mayer called Dazzle, according to an email viewed by WIRED. Mayer sent the email to Sunshine shareholders on September 17, informing them that Dazzle has officially incorporated and is ready to acquire Sunshine's holdings.