Elon Musk | The Verge

X Money is launching in the US starting today

2026-07-28T04:59:47-04:00

X Money, a core part of Elon Musk's mission to turn X into an "everything app," is rolling out starting today, 9to5Mac reports. The payment platform offers a digital wallet and peer-to-peer payments similar to Venmo, along with a metal Visa card users can emblazon with their X username. Other perks include Apple Wallet support and free money transfers on X. It also advertises "up to" a 6 percent APY, but only Premium Plus subscribers are eligible for it - standard Premium subscribers have to deposit a certain amount of money to get a "boosted" 6 percent APY.

X Money was previously limited to an invite-only beta, but will now be available t …

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Tesla’s revenues are bouncing back, but profits are still weak

2026-07-23T05:23:57-04:00

A Tesla Model 3 electric car is seen during the China International Supply Chain Expo (CISCE) in Beijing on July 16, 2025. | Jade GAO/AFP via Getty Images

After a dismal two years of weakening demand, falling sales, and damage to its brand by Elon Musk's political activities, Tesla's road to recovery continues apace. On the heels of an impressive delivery report, the company released its earnings for the second quarter of 2026 - giving us the latest glimpse at the EV company that Musk has said he wants to transform into a leader of AI and robotics.

Despite that mission, Tesla remains a car company. And in the second quarter, it sold an impressive 480,126 vehicles, about a 25 percent increase compared to the second quarter of 2025. (For a direct-to-consumer company like Tesla, deliveries are …

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SpaceX in your index fund, explained

2026-07-20T17:12:45-04:00

AUUUUUGH | Image: Cath Virginia / The Verge, Getty Images

Index funds are touted as one of the safest ways to invest. Rather than picking and choosing individual stocks, index funds let you bet on the market as a whole. So what happens when a company like SpaceX - a giant gamble, and, in my opinion, terribly overpriced - is fast-tracked into the Nasdaq-100? Does it suddenly threaten the stability of index funds based on the Nasdaq-100? Can a $1.77 trillion IPO crater the retirement funds of regular people who would ordinarily have no interest in investing in Elon Musk's meme stock?

The answer has less to do with SpaceX and more to do with index funds - how they work, their history, and why they've …

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SpaceXAI’s Grok programming tool was uploading its users’ entire codebase to cloud storage

2026-07-14T15:25:00-04:00

SpaceXAI's Grok Build AI coding tool was spotted uploading users' entire codebases to Google Cloud before it was reported, and the company turned it off. The Register reports that Cereblab published findings on Monday showing how the Grok Build CLI was packaging and uploading entire code repositories, "including files it was told not to open and secrets deleted from history," significantly more data retention than similar tools like Claude Code.

The researchers say that as of Monday, their tests show SpaceXAI's servers returning a "disable_codebase_upload: true" flag, and the codebase upload "no longer fires."

Elon Musk responded to the i …

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Elon Musk denies a report about SpaceX’s AI phone prototype

2026-07-01T16:10:21-04:00

Elon Musk says a report about a SpaceX AI phone prototype is "utterly false." The report, published on Wednesday by The Wall Street Journal, says SpaceX showed off a "handset-like prototype" to some investors before launching its record-breaking initial public offering in June.

The device was "slimmer than an iPhone," and they were told it would run on a Qualcomm Snapdragon chip, according to the WSJ. It would also reportedly use its own AI-enabled operating system with features powered by the SpaceX-owned xAI.

Last week, the Financial Times reported that SpaceX chief operating officer Gwynne Shotwell told investors that the company is con …

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Meet the lawyer who beat Elon Musk — twice

2026-06-30T08:59:20-04:00

“After college, my plan was to come to New York and get a record deal.” | Cath Virginia / The Verge, Getty Images

Watching Elon Musk fulminate at Bill Savitt during Musk v. Altman - the case in which Musk sued Sam Altman and OpenAI instead of seeing a therapist about his AI failures - was a bit like watching a toddler have a temper tantrum at his nursery school teacher. Savitt's questions were "designed to trick me," Musk said. He also told Savitt at one point, "You mostly do unfair questions."

Savitt, who has the approximate demeanor of a handsome Droopy Dog, gently told Musk, "I am trying to put the questions as fairly as I can. I am doing my best."

I've seen a number of styles of cross-examination. Savitt's was mild-mannered and soft-spoken; his q …

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Elon Musk and the plot to hijack America’s broadband

2026-06-23T08:57:04-04:00

At 9PM ET on the night of May 28th, a Blue Origin New Glenn rocket sat on the launchpad at the Cape Canaveral Space Force Station. The craft was in the middle of a hot-fire test awaiting the arrival of Amazon Leo satellites, the first of 24 batches to be shuttled into low Earth orbit for an ambitious satellite internet venture. The effort was backed by hundreds of millions of taxpayer dollars, leveraging a Biden-era law meant to address America's digital divide.

But before the satellites even reached the launch site, Jeff Bezos' rocket exploded into a massive fireball, its wreckage left smoldering on the ground. It was an unintentionally pe …

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The world’s first trillionaire is a killer

2026-06-12T15:21:40-04:00

Hm! | Photo: Kristen Radtke / The Verge; Getty Images

Elon Musk's SpaceX IPO will probably make him the richest person to ever walk the planet. And while his mountain of horrible personal conduct could fill multiple books, one fact in particular stands out: A year ago, Musk's actions directly led to the deaths of hundreds of thousands of people. He did it knowingly. And, worse - gleefully.

This is not a serious person, but his abuse of the world is deadly serious. In the first months of President Donald Trump's second term, the Musk-led Department of Government Efficiency (DOGE) destroyed the US Agency for International Development, whose mission was a boon to public health around the globe. M …

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A trillion dollars is a stupid amount of money

2026-06-12T13:42:00-04:00

Elon Musk is now officially the world's first trillionaire. That is a colossal amount of wealth (and by proxy, power) for one individual to have. Its scale - a thousand times more than a billion - is difficult to fathom for those of us who aren't among the 3,363 billionaires that currently exist in our world. But let's try to comprehend it anyway.

The most frequently cited comparison is time. If you were to count out a million seconds, it would take you 11 and a half days. A billion seconds would take you 31.7 years. But a trillion seconds would take 31,700 years - to reach that point today, you would have needed to start counting in the Pa …

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SpaceX’s massive IPO: all the latest news

2026-07-17T06:01:16-04:00

SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire.

He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.

Follow along here for the latest updates.