Multi-billionaire Elon Musk's real net worth, like his personality, is volatile and mercurial.Probably the best known billionaire in the world (and undoubtedly the most covered by the news and social media), Musk and his exact wealth are a matter of speculation because he lives such an un-billionaire type existence.For one, Musk has no guaranteed multimillion dollar annual salary plus stock options and perks from Tesla Inc. Musk has a $56,000 monthly salary from Tesla but hasn't drawn this salary even once. Seems Musk relies on his salaries and perks from his other businesses such as SpaceX, The Boring Company, OpenAI and Neuralink to get by.But here's what we know about Musk's wealth. Forbes estimates his "real time net worth" as of May 15 at $19.5 billion. That's good for Number 40 on Forbes' billionaires list. CNBC places Musk's net worth at about $23.6 billion (no mention of a time frame).And here's why it's tough placing an exact number on Musk's wealth.In January, Tesla announced … [Read more...] about Elon Musk net worth: How much is Tesla, SpaceX CEO worth?
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Tesla Founder and CEO Elon Musk could not hold his displeasure over Warren Buffett's remarks that selling insurance is not Tesla's cup of tea, leading to a couple of tweets related to the billionaire investor.The Berkshire Founder and CEO Buffett, during the Berkshire Hathaway annual meeting last week, said insurance is not an easy business."The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business," he told shareholders.In an earnings call with analysts in April, Musk revealed his plans to launch an insurance product later in May."I'd bet against any company in the auto business" getting into insurance, CNBC quoted Buffett as saying.This led Musk to issue a series of tweets on Sunday. The Tesla CEO first tweeted a link, asking his followers to order Tesla Model 3, which is cheaper than a Honda Accord.He then sent a playful tweet, claiming that Tesla is "also 1,000 more fun" than … [Read more...] about Buffett says Tesla can’t sell insurance, Musk hits back
NAPLES: As space agencies prepare to return humans to the Moon, top engineers are racing to design a tunnel boring machine capable of digging underground colonies for the first lunar inhabitants."Space is becoming a passion for a lot of people again. There are discussions about going back to the moon, this time to stay," US-Iranian expert Jamal Rostami said at this year's World Tunnel Congress in Naples.The administration of US President Donald Trump wants NASA to put humans back on the Moon by 2024, and the agency is also drawing up plans for a "Gateway" station to serve as a platform for astronauts travelling to and from the lunar surface.Billionaires Elon Musk and Jeff Bezos are among those feverishly competing for military, civil or commercial launches, with Musk's SpaceX leading the race on building rockets ready to fly in time.But the harsh conditions on the surface of the Moon mean that, once up there, humans need to be shielded from radiation and freezing temperatures in … [Read more...] about Lunar tunnel engineers excited by boring Moon colonies
Anxiety has set in across the space industry ever since the world's richest man, Jeff Bezos, revealed Project Kuiper: a plan to put 3,236 satellites in orbit to provide high-speed internet across the globe. Offering broadband internet coverage to digital deserts is also the goal of the company OneWeb, which is set to start building two satellites a day this summer in Florida, for a constellation of over 600 expected to be operational by 2021 Billionaire Elon Musk's SpaceX is equally active: it's just received a clearance to put 12,000 satellites in orbit at various altitudes in the Starlink constellation. Not to mention other projects in the pipeline that have less funding or are not yet as defined. Is there even enough space for three, four, five or more space-based internet providers? At the Satellite 2019 international conference in Washington this week, professionals from the sector said they feared an expensive bloodbath -- especially if Bezos, the founder of Amazon, decides … [Read more...] about New space race to bring satellite internet to the world
CAPE CANAVERAL, Fla.: Nearly two weeks after a fiery explosion during a ground test of its new crew capsule, SpaceX confirmed on Friday that the vehicle was destroyed, but neither the company nor NASA, its primary customer, have publicly acknowledged the nature of the mishap.Instead, Hans Koenigsmann, vice president of flight reliability for California-based Space Exploration Technologies Corp, known as SpaceX, continued to refer to the accident simply as an "anomaly" - science jargon for when something goes wrong.The April 20 accident occurred on a launch pad at the Cape Canaveral Air Force Station as SpaceX was conducting a test of emergency thrusters designed to propel the capsule, dubbed Crew Dragon, to safety from atop the rocket in the event of a launch failure.An attempt to test-fire the eight SuperDraco engines triggered the accident, demolishing the entire vehicle on a test stand, Koenigsmann told reporters at NASA's Kennedy Space Center."Just prior, before we wanted to fire … [Read more...] about SpaceX confirms crew capsule destroyed in April test accident