Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, is seen in this file photo. Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in 2015, accusing its leaders of a...
Microsoft has since committed US$13 billion in a close partnership with OpenAI. Musk’s complaint, filed last week in California state court, said that company and its partnership with Microsoft violated OpenAI’s founding charter, representing a breach of contract. Musk is asking for a jury tri...
Musk's $44 Billion Buyout of Twitter Faces U.S. Antitrust Review -Report More Reuters FILE PHOTO: Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. ...
The judge in Delaware Chancery Court ruled that the plaintiff, a Tesla shareholder named Richard Tornetta, was "entitled to rescission," approving the annulment of Musk's 2018 humongous compensation agreement worth as much as US$5...
At the end of 2021, Musk had a problem. He had exercised options from a stock bonus plan from Tesla that gave him about $25 billion worth of shares in the automaker. But that came with a price. “I will pay over $11 billion in taxes this year,” he later posted. ...
Musk become the first billionaire whose net worth topped $400 billion, Bloomberg cited the Bloomberg Billionaires Index ranking the world ’ s richest people. The milestone mainly results from recent rallies of Tesla stocks. Most of Musk ’ s fortune is wrapped up in his holdings of Tesla. The...
Elon Musk Acquires Twitter for US$44 Billion Twitter’s Board has agreed to a takeover bid from Musk, which prices each Twitter share at US$54.20. BEIJING, April 26 (TMTPOST) — Veteran entrepreneur and billionaire Elon Musk has struck a deal with the Board of Twitter to acquire the ...
(now Orbital ATK) received a contract for eight flights (worth $1.9 billion). Falcon 1 launches from Omelek Island in the Kwajalein Atoll, in the Marshall Islands in the Pacific Ocean. (Image credit: SpaceX) Better rockets: Falcon 9, Falcon Heavy A look inside the SpaceX Dragon capsule...
which has repeatedly come under fire for its close ties with the billionaire. the package has no salary or cash bonus and sets rewards based on tesla's market value rising to as much as $650 billion over the 10 years from 2018. the company is currently valued at about $571.6 ...
His earlier CEO pay plan, worth $56 billion, was voided in a ruling by Delaware Chancery Court Judge Kathaleen McCormick, who decided that, as CEO, Musk controlled Tesla, and the board’s compensation committee wasn’t independent, among other factors. ...