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Elon Musk

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Elon Musk
Latest news on billionaire Elon Musk, owner of X (formerly Twitter) and the founder of SpaceX, Tesla and The Boring Company.
Born
28 Jun 1971
Industry
Business, Technology
Job Title
Businessman
A gong is struck to mark the HKEX’s 26th anniversary at Connect Hall on Friday. Photo: May Tse
IPO

Hong Kong loses IPO crown as swelling wave of Chinese tech no match for SpaceX

With Chinese technology giants fuelling an ‘A-to-H’ listing boom, Hong Kong appears to be on the rise as their ‘fundraising venue of choice’.

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My Take

My Take | Greenspan helped blow up capitalism. China saved it

11
United States

US billionaire Leon Black defends US$158 million paid to Epstein

Singapore

Singapore’s Lee Kuan Yew seen as cool guy amid Europe’s deadly heatwave

In the midst of record-breaking temperatures, social media users are praising the late statesman’s foresight in embracing air conditioning.

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People cool down near water misters in Cologne, Germany, on Thursday. Photo: AFP
Mainland China

Video | Could the world’s second trillionaire come from China?

China is seeing growth in its tech uber-rich as AI and other hard technologies drive wealth creation.

Artificial intelligence

China to match Anthropic’s top AI model in 2026, Zhipu founder tells Musk

Global No 2 ranking for Zhipu’s breakthrough AI model triggers Musk exchange over whether China can close gap with US sooner than expected.

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Zhipu AI

Zhipu AI market cap tops HK$1 trillion after GLM-5.2 release

New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5.

A view of Exchange Square in Central, which houses the headquarters of bourse operator Hong Kong Exchanges and Clearing. Photo: Jelly Tse
Hong Kong economy

Hong Kong to roll out measures boosting offshore yuan trading in July

Government wants more listed firms trading stocks in renminbi and will use city’s hub status to help mainland Chinese firms expand overseas.

SpaceX

Letters | SpaceX’s historic IPO ignites investor appetite for space AI

Readers discuss how investor confidence in commercial space could benefit China, the US-Iran interim peace agreement, Japan’s 2-2 draw with the Netherlands in the Fifa World Cup, and the musical legacy of Anders Nelsson.

United States

SpaceX bankers prepare for potential US$20 billion bond offering, sources say

The offering ⁠would mark the first time the rockets-to-AI company has issued investment-grade dollar ‌bonds.

The SpaceX building in Starbase, Texas. Photo: Reuters
Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

HKEX chief Bonnie Chan says global investors remain focused on China’s innovation story.

Hong Kong Exchanges and Clearing CEO Bonnie Chan. Photo: Handout
SCMP Highlights

Nvidia, Apple HQs caught on camera; Nasa’s Artemis flaws: 7 science highlights

From a Chinese firm releasing images of Nvidia and Apple HQs to SpaceX’s IPO, here are some highlights from SCMP’s recent science reporting.

Britain

New UK party emerges as a threat to Farage. And, it’s even more far-right

Rupert Lowe’s fringe group threatens Reform’s momentum ahead of a key parliamentary test.

United States

SpaceX vaults past Amazon’s market value, briefly topping Microsoft

Elon Musk’s company was worth roughly US$2.655 trillion at closing – some US$800 billion more than at its record IPO last week.

A sign is displayed outside Nasdaq on the day of SpaceX’s initial public offering in New York on Friday. Photo: Reuters
United States

US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI

A San Francisco judge said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to steal trade ⁠secrets.

Grok and xAI logos on a smartphone. Photo: Reuters
Science

Why SpaceX may not be a model for Chinese companies to copy

A leading economist argued the country’s space industry could take a ‘big leap forward’ by building up its satellite infrastructure.

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Millionaires, billionaires and trillionaires

Musk is world’s first trillionaire – what could he buy with all that money?

The SpaceX boss has reached a level of wealth that is hard to understand in real terms. But we’re going to try.

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United States

Elon Musk becomes world’s first trillionaire after SpaceX IPO

The company’s shares hit US$160.95 each, propelling the world’s richest person’s fortune to US$1.1 trillion.

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SpaceX CEO Elon Musk gestures as he steps on stage during a Trump rally at Madison Square Garden in New York in October 2024. Photo: AFP,
Hong Kong stock market

The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO

Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.

IPO

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

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SpaceX

Blast off on Wall Street: record SpaceX IPO could make Musk a trillionaire

At US$135 a share, the offering will raise US$75 billion, making it the biggest market debut in history.

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A new version of the SpaceX Starship rocket launching from Starbase in Texas in May. Photo: dpa
IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

A SpaceX rocket launches from a company facility in the United States. The company's planned US$75 billion IPO is expected to accelerate listing plans among China's emerging commercial space companies. Photo: Reuters
Protests around the world

Belfast reeling as street violence and online ‘hit lists’ terrify minorities

UK minister says violence in Northern Ireland is ‘racist thuggery’ as ethnic minorities are targeted.

Luxury travel

The creative’s guide to Austin, the coolest city in the US

Matthew McConaughey, Elon Musk and Joe Rogan are among those who live in this city renowned for its barbecue, cowboy boots and home-grown brands like Kendra Scott.

Britain

Elon Musk accused of stoking tensions, ‘weaponising fear’ in Belfast

Musk, who shared lists on social media of locations where protests could take place, blamed ‘uncontrolled immigration’ for the unrest.

Vehicles set on fire by protesters burn on a street in east Belfast on Tuesday. Photo: PA via AP
IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

The New York Stock Exchange decorated for the first day of trading for Alibaba on September 19, 2014. Photo: Shutterstock
US-China tech war

Blocked from SpaceX IPO, Chinese investors get creative to catch a ride

Proxy stocks and supply chain speculation are among options after being locked out of what could be largest listing ever.

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Britain

Protesters torch buildings and vehicles, block roads over Belfast stabbing

A suspect from Sudan has been arrested for the brutal attack that was captured in a graphic video.

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