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Political and economic observers might want to familiarize themselves with the wonky concept of 'impoundment.' Donald Trump (and 'first buddy' Elon Musk) could make it front and center in 2025.
President-elect Donald Trump listens to Elon Musk as he arrives to watch SpaceX's mega rocket Starship lift off for a test flight from Starbase in Boca Chica, Texas, Tuesday, Nov. 19, 2024.
Apply a 78.7% drop to that $33 billion investment, and you see that Musk and his coinvestors are down about $26 billion. Of this, about $20.4 billion is Musk’s portion of the loss, and the other ...
Elon Musk in 2023 Elon Musk is the wealthiest person in the world , with an estimated net worth of US$486 billion as of December 2024 [update] , according to the Bloomberg Billionaires Index , and $464 billion according to Forbes , primarily from his ownership stakes in Tesla, Inc. and SpaceX .
Elon Reeve Musk FRS (/ ˈ iː l ɒ n /; born June 28, 1971) is a businessman known for his key roles in the space company SpaceX and the automotive company Tesla, Inc. His other involvements include 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.
In March 2020, in response to a request to repurpose the Tesla factory to make urgently needed ventilators, Musk promised that Tesla would make ventilators "if there is a shortage". [ 262 ] [ 263 ] [ 264 ] When Nate Silver responded that there was a current shortage, Musk replied, "Ventilators are not difficult, but cannot be produced instantly.
The group intended to influence social-media content moderation policies by making sure member advertisers avoided hate speech and misinformation and steering them toward platforms considered ethical.
Twitter's stock was trading at $42.81 at noon on Tuesday, down from the $52.29 high it hit the day the Musk deal was announced. Alexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis ...