The world’s wealthiest person, Elon Musk, recently celebrated his 55th birthday in the company of close family and friends. Photos from the intimate gathering were shared by his mother, model and author Maye Musk.

In the images, the Tesla and SpaceX founder can be seen blowing out the candles on a unique space-themed birthday cake. The festive dessert was designed to resemble a rocket and a lunar base – symbols of some of the billionaire’s most iconic ventures.

Maye Musk also shared a heartfelt birthday message for her son.

«Happy birthday to my wonderful son! Elon has brought me joy for 55 years. It is such a pleasure to celebrate this day with family and friends. His cake is shaped like a rocket and a moon base», she wrote.

Photo: Instagram @mayemusk

American entrepreneur Elon Musk has officially secured his status as the wealthiest person in human history, becoming the first businessman whose net worth has surpassed the one-trillion-dollar mark. The rapid growth of his fortune has been linked to the record-breaking public offering of the aerospace company SpaceX, Reuters reports.

According to reports, the company raised approximately $75 billion, making it the largest initial public offering in U.S. history. As a result, SpaceX’s market valuation climbed to nearly $1.8 trillion.

Today, SpaceX is considered Musk’s most valuable asset. His stake in the company is estimated at around $866 billion. Combined with his holdings in Tesla and other ventures – including xAI, Neuralink, The Boring Company and the social media platform X – the entrepreneur’s total net worth has exceeded $1.1 trillion.

At present, Google co-founder Larry Page remains the world’s second-richest businessman, with a fortune exceeding $300 billion. He is followed by Jeff Bezos, whose wealth is nearly three times smaller than Musk’s.

American entrepreneur Elon Musk has become the first person in the world whose net worth exceeds $800 billion, Forbes reports.

This milestone came after his company SpaceX acquired xAI – Musk’s artificial intelligence startup that created the chatbot Grok. According to Forbes, the deal increased Musk’s net worth by $84 billion, bringing it to a record $852 billion.

Before the acquisition, Musk owned approximately 42% of SpaceX shares, valued at $336 billion, and around 49% of xAI shares, worth $122 billion.

After the merger of the two companies, Forbes calculated that Musk now controls 43% of the combined entity, valued at $542 billion. This makes SpaceX his most valuable asset.

In addition, Musk owns 12% of Tesla shares, estimated at $178 billion, and holds stock options worth another $124 billion.

As Forbes notes, this is already the second instance within a year of Musk’s companies merging: last March, he announced the merger of xAI with the social network X (formerly Twitter).

Currently, Musk’s wealth exceeds that of the world’s second-richest person – Google co-founder Larry Page – by $578 billion. Page’s net worth is estimated at $281 billion. This means Musk needs roughly half of that amount to become the world’s first trillionaire.

According to Forbes, Elon Musk has become the first person in history whose net worth has reached the $600 billion mark. This puts him $425 billion ahead of Google co-founder Larry Page, whose fortune is estimated at $252 billion. The achievement is truly unprecedented: no one had previously managed to come anywhere near the $500 billion threshold.

A key driver behind the rapid growth of Musk’s wealth was the sharp increase in the valuation of SpaceX. Following a lucrative agreement with investors, the company was valued at $800 billion – up from $400 billion in August. Musk owns approximately 42% of SpaceX, a stake that has had a significant impact on his personal fortune.

Looking ahead, SpaceX is preparing for a potential stock market debut. An initial public offering (IPO) could take place as early as 2026. It is expected to further boost the company’s valuation, as SpaceX currently represents Musk’s most valuable asset.

An additional contribution to the entrepreneur’s rising wealth comes from his roughly 12% stake in Tesla. Despite a decline in sales, shares of the electric vehicle manufacturer have risen by 13% since the beginning of the year.

Moreover, media reports indicate that Musk’s artificial intelligence startup xAI is in active talks to raise $15 billion in funding, at a valuation of $230 billion.

Oscar-winning documentarian Alex Gibney has directed a new film, Musk, dedicated to the life and career of Elon Musk, Variety reports.

The creators describe the documentary as one of the most candid and incisive cinematic portraits of the renowned entrepreneur, founder, and head of SpaceX, Tesla, and X.

U.S. distribution rights belong to Bleecker Street. The company plans to release the film in theaters in the coming months, after which it will be available for streaming on HBO Max under an agreement with HBO Documentary Films.

This means that audiences will first have the opportunity to see Musk’s story on the big screen and later on streaming.

Gibney is known for his critical approach to his subjects and his willingness to tackle controversial themes. His works have repeatedly earned international acclaim and the highest cinematic honors, including an Academy Award.

Elon Musk has unveiled a new product — Grok Imagine, an AI-based tool that allows users to generate and animate images. A key feature of the app is the ability to create content that other platforms usually block — including deepfakes depicting nude individuals.

Imagine with @Grok pic.twitter.com/UIay5yNp97

— Elon Musk (@elonmusk) August 4, 2025

The service is available via a $30 subscription and offers four generation modes: «Custom», «Standard», «Fun» and «Spicy». The latter has likely become the main driver of interest in the app — according to Musk, in just 48 hours, users generated more than 34 million images. Among the most popular are erotic pictures of Taylor Swift, Scarlett Johansson, Sydney Sweeney, Jenna Ortega, Nicole Kidman, Timothée Chalamet and Nicolas Cage.

How Grok Imagine plans to regulate the use of such content — particularly to prevent explicit images from being made publicly available or accessed by minors — remains unknown. Representatives of the company and Musk himself have so far not responded to journalists’ inquiries.

The world’s richest man, according to Forbes, Elon Musk, has announced the creation of his own political party called «America» following a public dispute with U.S. President Donald Trump. The announcement came after a poll conducted on the social media platform X on July 4.

The businessman criticized the existing U.S. political system, stating that the country effectively lives under a one-party rule due to excessive spending and corruption.

«With a 2-to-1 majority, you wanted a new political party, and now you will get one. When it comes to bankrupting our country through overspending and corruption, it turns out we live in a one-party system, not a democracy. Today, the party «America» has been formed to give you back your freedom», Musk concluded.

As a reminder, Elon Musk had previously supported Trump both verbally and financially during the presidential campaign. However, he later distanced himself from the Trump administration and eventually entered into a heated dispute with the U.S. President over the new budget.

The founder of SpaceX and Tesla, billionaire Elon Musk, has admitted he regrets his public feud with U.S. President Donald Trump, as well as some of the remarks he made about him. He shared this on his platform X (formerly Twitter).

«I regret some of my posts about President Trump last week. I went too far,» Musk acknowledged.

The dispute erupted after Musk sharply criticized the new economic initiative by the President’s administration, accusing its supporters of betraying the American people. He also claimed that Trump wouldn’t have won the election without his support and called for a possible impeachment of the President.

Later, Musk mentioned Trump’s potential involvement in the Jeffrey Epstein case — the convicted sex offender. In response, Trump expressed his disappointment in Musk and called him «insane.»

The situation drew so much attention that even rapper Kanye West publicly urged both men to reconcile.

American media had long anticipated an open conflict between billionaire Elon Musk and President Donald Trump. As early as spring, signs of disagreement began to emerge, but the scale and speed of this “political divorce” surprised even analysts. The clash was particularly unexpected given that Musk had been one of Trump’s key campaign donors.

Following Trump’s meeting with German Chancellor Friedrich Merz in the Oval Office, he publicly responded for the first time to Musk’s criticism of the bill “The One, Big, Beautiful Bill,” which includes key elements of Trump’s platform: tax cuts and stricter immigration policy.

The core issue is the economy. Musk argues that implementing this bill would increase the budget deficit by $2.4 trillion. This directly contradicts the goals of the DOGE department, which he headed until recently and which was supposed to reduce the national debt. He was especially outraged by the gradual elimination of tax incentives for electric vehicle manufacturers — a direct blow to his main asset, Tesla.

The confrontation quickly escalated into the public sphere: Musk took to the platform X (formerly Twitter), while Trump responded via his own social network, Truth Social.

Musk stated:

“Without me, Trump would have lost the election. Democrats would control the House, and Republicans would have only 51 seats in the Senate.”

Trump fired back:

“The easiest way to save billions in the budget is to end government subsidies and contracts for Musk.”

The fallout has already been severe: Tesla shares dropped 14% in a single day, cutting the company’s market cap by over $152 billion. Musk himself lost around $34 billion.

Trump’s corporation, Trump Media and Technology Group, fell by 8%, shrinking his net worth by $202 million. In addition, the TRUMP memecoin dropped by 10%, resulting in approximately $900 million in losses for the U.S. president.

Trump allies joined the fray. Former adviser Steve Bannon called for an investigation into Musk’s immigration status, implying he might be residing in the U.S. illegally, given that he was born in South Africa.

“I firmly believe he’s illegal and should be immediately deported from the country,” Bannon wrote.

Musk, in turn, agreed with a follower’s suggestion that Trump should be impeached. Later, he accused Trump of being involved in the “Epstein files” — linked to the disgraced financier who faced numerous charges related to trafficking minors and forcing them into prostitution.

Epstein died by suicide in prison in 2019. The full contents of the files were never made public (according to Musk, because Trump’s name is in them), but many celebrities were implicated in the scandal — including Prince Andrew of the British royal family.

Another affected party is SpaceX. Trump threatened to cut off government funding for the company. In response, Musk said he would decommission Crew Dragon — the spacecraft that transports American astronauts to the ISS. He later walked back that statement.

The rift between Trump and Musk appears to be turning from a political disagreement into a full-blown war, with profound economic and reputational consequences for both sides.

Elon Musk’s space base, which houses the headquarters of SpaceX in South Texas, has officially been granted legal status as a city under the name Starbase. The residents of the Boca Chica area, where the base is located, voted unanimously in favor of forming an independent municipality.

«Voters in South Texas delivered a decisive victory to Elon Musk, overwhelmingly supporting the creation of Starbase as an independent city», Bloomberg reports.

The city status was also announced by Elon Musk himself.

«Well, it’s official now», the billionaire wrote on social media platform X (formerly Twitter).

 

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The creation of the new municipality includes the establishment of local government bodies – a mayor and two commissioners – who will oversee matters such as planning, taxation, and administration. The first mayor of Starbase will be SpaceX Vice President Bobby Peden.

However, the formation of this space city has also sparked backlash. Some residents of neighboring communities oppose the initiative, accusing the company of causing environmental damage. Critics are also concerned that Musk’s city could give him greater control over the area, potentially leading to the closure of a popular beach and state park for rocket launches.

Meanwhile, it has been revealed that SpaceX is seeking federal approval to increase the number of annual launches in South Texas from five to 25.

Currently, the area of Starbase covers approximately 4 square kilometers and is home to fewer than 500 residents, most of whom work at the space base.