Author: Forbes News

In the barrage of attacks that President Donald Trump and Elon Musk fired at each other Thursday, one stood out: Trump’s threat to cancel federal contracts with companies owned by the world’s richest man. The primary target: SpaceX, which has received at least $21 billion in government contracts, with about $13 billion still outstanding. Musk

Topline The world’s richest man got much less rich Thursday as Elon Musk and President Donald Trump traded strongly worded barbs, precipitating a drop in the share price of Musk’s electric vehicle company Tesla. The alliance between Elon Musk, left, and Donald Trump cracked Thursday. Getty Images Key Facts Musk’s net worth fell below $400…

Topline Shares of Tesla dropped by more than 8% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to telling reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to

Meanwhile, a new consumer sentiment survey finds most people want someone else to run the EV company. When Elon Musk appeared in the White House last week at a ceremony with President Donald Trump marking the end of his controversial role leading the federal job-slashing DOGE initiative, he sported a shiner on his right eye…

The SpaceX Starship rocket launches from Starbase, Texas, as seen from South Padre Island on May 27, … More 2025. (Photo by Sergio FLORES / AFP) (Photo by SERGIO FLORES/AFP via Getty Images) AFP via Getty Images Elon Musk’s SpaceX launched its ninth flight test of the Starship vehicle and Super Heavy booster on Tuesday,…

Richard White, then-chief executive officer of WiseTech Global, gestures during the Morgan Stanley Australia Summit in Sydney in June 2024. Brent Lewin/Bloomberg WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy U.S.-based cloud computing firm E2open for $2.1 billion. The Sydney-based company signed a deal with E2open Parent…

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