NASA and Pentagon officials have taken swift action to urge competitors of Elon Musk's SpaceX which includes Jeff Bezos's Blue Origin to expedite the development of alternative rockets and spacecraft after the public feud between President Donald Trump and Elon Musk.

The dip in Musk's net worth was the second-biggest loss in the history of the Bloomberg Billionaires IndexNEED TO KNOWThe drastic dip in Elon Musk's net worth comes amid tensions between him and President Donald Trump last weekMusk recently announced he was leaving the Department of Government Efficiency (DOGE)Despite the $34 billion hit,

A fiery feud between President Trump and Elon Musk may reshape America’s space alliances. Amid threats to SpaceX’s federal contracts, NASA and Pentagon are exploring alternatives—putting Jeff Bezos’s Blue Origin in the spotlight.

As billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg grow more powerful, many are asking: Is America still a democracy, or is it turning into an oligarchy? The rich have always influenced politics,

Mark Zuckerberg, the Meta CEO and Facebook co-founder, has long had proximity to power, and he’s now being seen as a frontrunner to replace Musk in Trump's tech orbit. His company reportedly donated $1 million to Trump’s inauguration, and he even co-hosted a formal event to celebrate the occasion.

Shares of AST SpaceMobile ( ASTS 0.55%) are moving higher this week, up 33.9% as of 2 p.m. ET from last Friday's close. The gain comes as the S&P 500 gained 1.5% and the Nasdaq-100 gained 2.2%.

The space agency has published its budget request to Congress which would see funding for science projects cut by nearly a half.

Forbes has released its latest list of the world's wealthiest individuals as of 1 June 2025, with Elon Musk reclaiming the top spot. Elon Musk (Tesla,

Elon Musk continues to hold the title of the world's richest man, despite a staggering KSh 3.5 trillion loss in his wealth, related to Tesla fluctuations.

Elon Musk's net worth tumbled on Thursday as a bitter dispute erupted between him and President Donald Trump. Musk's net worth fell by about $34 billion to $335 billion, according to the Bloomberg Billionaires Index.