- SpaceX plans a share sale that could raise its valuation to a record-breaking $400 billion.
- Elon Musk’s feud with Donald Trump intensifies over Epstein file disclosures.
- Tesla and Musk’s personal wealth take a hit amid weak EV sales and political fallout.
SpaceX is reportedly preparing a new share sale that could push its valuation to $400 billion, setting a record for the highest valuation of a privately held U.S. company.
At the same time, Elon Musk‘s other major venture, Tesla, is facing headwinds. The automaker reported a 14% drop in second-quarter deliveries and has seen its stock tumble by a similar margin since early June.
As SpaceX Breaks Records, Musk’s Tesla Struggles and Political Feud Deepens
The planned SpaceX share sale could surpass the valuations of other tech giants like ByteDance and OpenAI, signaling investor confidence in Musk’s space ambitions despite growing scrutiny. Starlink, which provides satellite internet across remote areas, now contributes more than half of the company’s revenue, making it a cornerstone of SpaceX’s commercial success.
Musk’s recent online clashes have further polarized public opinion. His demand for the release of the Epstein files, which he accuses Trump of withholding, has reignited debates over government transparency and elite accountability. The post, shared on X (formerly Twitter), quickly gained traction, exposing cracks in Musk’s former alignment with Trump’s policy camp.
Adding fuel to the fire, Musk publicly lashed out at Tesla analyst Dan Ives, who had proposed a new executive compensation package. Responding bluntly with “SHUT UP” on X, Musk showed a rare public hostility toward an analyst typically seen as a supporter. This has raised questions about his leadership style amid mounting investor concerns.
Despite Tesla’s struggles, Musk remains a dominant force in space technology, internet infrastructure, and now potentially U.S. politics. His floated “America Party” proposal suggests he’s positioning himself as an outsider disruptor in more than just industry—potentially signaling a future political bid that blends corporate power and ideological influence.
As SpaceX soars to historic valuations, Elon Musk is navigating a volatile mix of corporate setbacks, political clashes, and public scrutiny that could redefine his legacy.
“The higher you rise, the more visible you become — and the more winds you must weather.” — Anonymous
