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More: Elon Musk, Vivek Ramaswamy outline plan for 'large-scale firings' in federal workforce under Trump. The new king of the digital town square lobbied for Trump and right-wing issues. An ...
Elon Musk's AI startup, xAI, has been valued at $50 billion, The Wall Street Journal reported. xAI's valuation is said to have doubled since the spring, surpassing what Musk paid for Twitter.
Investors close to Elon Musk are in talks to help xAI raise $3 billion in a funding round that could value the startup at $18 billion, sources told the Wall Street Journal.
Elon Reeve Musk (/ ˈ iː l ɒ n m ʌ s k /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. He is also known for his ownership of X Corp. (the company that operates the social media platform X, formerly Twitter), and his role in the founding of the Boring Company, xAI, Neuralink, and OpenAI.
xAI was founded by Musk [7] [8] [9] in Nevada [4] on March 9, 2023, and has since been headquartered in the San Francisco Bay Area in California. [10] Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. [11] Musk officially announced the formation of xAI on July 12, 2023.
The concept of DOGE emerged in a discussion between Elon Musk and Donald Trump, where Musk floated the idea of a department for streamlining government efficiency. In August 2024, Trump said at a campaign event that, if he were elected, he would be open to giving Musk an advisory role. [ 4 ]
Elon Musk and Vivek Ramaswamy have outlined their vision for the Department of Government Efficiency in a lengthy op-ed, spelling out how the duo plan to slash government spending.
Musk has stated that one of his goals is to improve the cost and reliability of access to space, ultimately by a factor of ten. [53] In 2004, the company plans called for "development of a heavy lift product and even a super-heavy, if there is customer demand", with each size increase resulting in a significant decrease in cost per pound to orbit.