Today
Musk loses $52b in personal wealth as Trump hits where it hurts
The Tesla CEO is still the world’s richest person, but he may suffer more financial blows if his government contracts are halted.
Tesla loses $235b in market value in a day
The US president and the billionaire’s relationship blew up on social media, triggering a sharp sell-off in the EV car maker’s shares.
Musk claims Trump linked to Epstein as bromance explodes
Trump threatened to end government subsidies and contracts for Musk’s companies, while the billionaire called the president ungrateful for getting him elected.
This Month
Telstra beats Optus, TPG in launching satellite text messaging
The telecommunications group says its customers can now send texts in areas that have no mobile reception.
May
Mayhem, friction but Elon Musk couldn’t care less
The billionaire’s good times are over in Washington, but he departs a winner. His companies are likely to clinch lucrative deals and face less oversight.
Musk exits Trump administration with his business empire in turmoil
The move comes shortly after the billionaire criticised Donald Trump’s “big beautiful bill” as not doing enough to reduce federal deficits.
Investors demand Musk work a 40-hour week at Tesla
Shareholders from a group of large pension funds say the EV maker is in “crisis” and call for succession planning.
SpaceX Starship rocket explodes in third straight setback
The stakes for the latest flight were particularly high after flights in January and March were cut short just minutes after takeoff.
Musk’s SpaceX, OpenAI, PsiQuantum: Aussie HNWs seek riches offshore
Wealthy Australians are chasing opportunities in some of the world’s biggest artificial intelligence and technology companies.
Robyn Denholm made $306m selling Tesla stock as profit fell
Chief executive Elon Musk told his employees to hang onto their stock as the share price declined, but his chairman did not heed the advice.
From banking to rocket science: the family behind Australia’s space bid
After two decades at Citibank, Adam Gilmour, his brother James and his wife Michelle are just days away from launching Australia’s first locally made space rocket.
Countdown on for Australia’s first home-grown rocket launch
Holidaymakers on the Whitsundays may catch a glimpse of space history being made this week after Gilmour Space won a years-long battle for government approval.
US urges nations facing tariffs to sign up to Musk’s Starlink
State Department cables show Trump officials pushing smaller nations to greenlight licensing of Musk’s satellites at the same time they are facing trade talks.
How Musk secretly struck gold in Washington
The Tesla founder’s lasting impact on Washington maybe to divert a big chunk of US taxpayer money to his empire.
Musk gets his wish: SpaceX launch site approved as city of ‘Starbase’
A vote to formally organise Starbase as a city was approved by a lopsided margin among the small group of voters who live there and are mostly employees at SpaceX.
April
Meet the 24-year-old Australian behind a $300m US start-up
Max Marchione moved to San Francisco to start Superpower and capitalise on the US’ under-resourced healthcare sector.
Katy Perry’s spaceflight one giant stunt for womankind
If this week’s Blue Origin flight proves anything, it’s that women are now free to enjoy capitalism’s most decadent spoils alongside the world’s wealthiest men.
From New York to Alaska, thousands march against Trump, Musk
Protesters assailed the US President and his billionaire sidekick’s actions on downsizing, the economy, immigration and human rights.
White House hoses down reports of early Musk departure
The denials came as Politico and ABC reported that Donald Trump had told members of his Cabinet that the Tesla CEO would soon depart and return to the private sector.
Elon Musk applies physics to politics. What could go wrong?
What is Elon Musk’s endgame at DOGE, and where does his political philosophy ultimately lead? It’s not clear anyone knows — including Musk himself.