SpaceX fell below $115 in after-hours trading, putting it close to 50% off its all-time high. It happened after Elon Musk's other publicly traded company, Tesla, reported a year-over-year decline in profits, sending its own stock plummeting.
Faiz Siddiqui
@faizsays.bsky.social
Washington Post tech journalist writing a lot about Elon Musk, Twitter, Tesla. My book HUBRIS MAXIMUS: The Shattering of Elon Musk (St. Martin’s) is in stores NOW! How to buy: https://read.macmillan.com/lp/hubris-maximus-9781250327178/
It fell below $126 in after-hours trading, around $100 less than the all-time high set on June 16. SpaceX has lost more than 44 percent of its value in just a month.
Ryan Mac 🙃@rmac.bsky.social · 3w agospacex stock now falling in afterhours trading after that aborted launch. down nearly 4% afterhours after closing 3% down on the day.
I'm on a new beat at The Post, writing about consumer economics. To start us off! I wrote about the massive Boomer wealth that's about to get passed down, and how it will make our wealth gap even more extreme. Gift link: wapo.st/4y9yCUD
Boomers’ massive wealth will mostly be passed down to people who are already rich
Often called the Great Wealth Transfer, the inheritances are expected to be the largest passage of generational wealth in history.
wapo.st
“If you let takers vote, they will not only take more and more, they will make it more and more rewarding to be a taker...” Newly minted trillionaire Elon Musk:
My new book intro addresses what Elon Musk has been posting about relentlessly over the past several days: the dismantling of USAID. I wrote it in January 2026 and had no idea Musk would be on a tirade about the cuts the same week it published. I hope you'll read it in full.
🚨 My book Hubris Maximus is out in paperback TODAY with a new intro that delves into Elon Musk’s tear through Washington and the indelible stain on his life’s work that has resulted from wanton cuts to lifesaving aid. Pick up a copy wherever you get your books: us.macmillan.com/books/978125...
SpaceX’s orbital data center plans are about as thought out as Elon Musk’s Boring Co. Take an existing problem and move it somewhere else. (Traffic: underground. Data centers: space). And the Mars colony? “[If] anyone else said it, they would probably have him institutionalized.” wapo.st/43Knxvm
SpaceX’s plan: Put all the data centers in space, then profit
Elon Musk becoming a trillionaire was only the beginning. SpaceX has soared into the orbit of tech juggernauts with a fleet of fantastical plans.
wapo.st
New: Trump changed the requirements to allow Musk's Starlink to win subsidies for rural internet. Now it's boxing out competition that customers hoped would emerge. "They’re monopolizing the market and calling it doing us a favor," @ahlmanfornebraska.bsky.social tells me. wapo.st/3Si4g1z
Musk’s Starlink hooked rural customers. Then came the price increases.
The billionaire’s satellite internet service is a lifeline to many, but some users who face price hikes say Starlink has amassed too much power.
wapo.st
If Elon Musk was really serious about his proposal for "universal high income," @scottsantens.com tells me, he could start funding it right now. But he isn't doing that, and in fact is spending his time complaining about the mechanism economists see for achieving it: taxation. wapo.st/4uYjCGE
AI leaders see mass job loss coming. They want government’s help solving it.
Elon Musk, Dario Amodei and other tech leaders back public benefits as AI threatens jobs. But critics question whether billionaires would support the massive redistribution needed to fund an AI welfar...
wapo.st
NEW: SpaceX, on the verge of record-setting IPO, has posted $13 billion of losses since 2023. "The financial success of the business named and founded for operations in rocketry and space is now a huge bet on AI," which it says has a $26.5 trillion market, nearly the whole U.S. GDP wapo.st/4uH2mGp
Elon Musk’s SpaceX discloses massive losses ahead of record-breaking IPO
SpaceX, a leader in rocket launches, lost billions of dollars in recent years after a merger with Musk's artificial intelligence venture, xAI.
wapo.st
SpaceX financial performance by year: 2023: ~$4.6B loss 2024: $791M profit 2025: ~$4.9B loss 2026 (through March): ~$4.3B loss this is on track to the biggest IPO in history
SpaceX believes it has a $28.5 trillion total addressable market (the U.S. GDP is about $32 trillion)
Faiz Siddiqui@faizsays.bsky.social · 3mo agoSpaceX prospectus is out www.sec.gov/Archives/edg...
"Cybertruck will be waterproof enough to serve briefly as a boat"
Miles Klee 🦉@milesklee.bsky.social · 3mo agomay have to update my banner
A little-noticed X account in India was struggling to reach 100 followers when it announced: "Sit tight and have a view while I am working my way up the ladder." Two years later, it's the account Elon Musk interacts with the most. It lavishes praise on Musk and spreads his ideas. wapo.st/4nqjRYk
New: The top X account Elon Musk has interacted with in 2026 is an anonymous user The Post traced to India who spends his days lavishing praise on Musk, spreading his ideas & interests and attacking his enemies. It's a case study in X's skewed incentive structures. wapo.st/4nqjRYk
Elon Musk’s anonymous online BFF spreads his ideas and attacks his enemies
The Tesla CEO regularly amplifies a fan account called XFreeze that sings his praises and criticizes opponents in his lawsuit against OpenAI.
wapo.st
I’m so honored to have been part of the team that won the Pulitzer Prize for Public Service for our coverage of DOGE and the transformation of the government. Delayed in posting this because I spent most of yesterday stunned by the news. Incredible, inspiring group of colleagues.
folks, it's been a year since I looked extremely comfortable, normal and right at home going on national television to discuss my work -- pre-order the paperback of the book that led to this today!! thank you us.macmillan.com/books/978125...
Elon Musk has posted 850 times on race — touting whites’ role in eliminating slavery, rallying white people to stand up for their race, for example — over seven months. Two experts say his positions are “standard … white supremacy.” He’s on the verge of the biggest IPO in history. wapo.st/4mRC7d5
Elon Musk’s near-daily online posts about race are turning off some fans
Elon Musk posted almost daily about race on X in recent months, a Washington Post analysis found, at times sharing views experts said echoed white supremacy.
wapo.st
Elon Musk: "Unfortunately Hardware 3 simply does not have the capability to achieve unsupervised FSD." Says Tesla will offer a discounted trade-ins for more capable cars Big disappointment for Tesla owners who were sold the idea that their cars would one day become sentient and self-driving
My book Hubris Maximus: The Shattering of Elon Musk published a year ago today. Barnes & Noble called it a best book of 2025 & Kirkus called it an essential new book challenging big tech. PW cited its "meticulous reportage." Now you can pre-order the paperback: www.barnesandnoble.com/w/hubris-max...
this pattern of mysterious Tesla data logging dysfunctions goes back to 2016 and the very first allegations of Autopilot's culpability in fata crashes, and continues through last summer's massive $243m court judgement against the automaker pre-order the book now! benbellabooks.com/shop/elon-ta...
Elon Take the Wheel - BenBella Books
Timely, thought-provoking, and rigorously sourced, Elon Take the Wheel invites readers to reconsider what automated driving promises, what it obscures, and what it means for the future of mobility.
benbellabooks.com
@faizsays.bsky.social - "Pycha absolutna" (tłum. Piotr Grzegorzewski). Biografia amerykańskiego oligarchy, który zabił Twittera, pomógł w reelekcji Trumpa i od kilku lat przyczynia się do wrzenia świata. Samozwańczy zbawca ludzkości, który próbuje nas zniewolić technologicznie. #readlist2026pl
The physical AI “boom” is all about an untapped market: replacing human jobs. Billionaires put an “abundance” spin on it but everyone agrees the replacement of human workers is what this leads to. As AI sweeps in, “There’s going to be continuous job loss.” wapo.st/4uTiDIr
Musk has a plan to make human labor obsolete. Billionaires are joining in.
Tech elites have seized on humanoid robots to transform manual labor and other fields left out of the AI boom, an area called “physical AI.”
wapo.st
Grok turned yearbook and homecoming photos into child sexual abuse images, lawsuit alleges wapo.st/4uwe5aT
Teens allege Musk’s Grok chatbot made sexual images of them as minors
Three teenage plaintiffs in a lawsuit filed Monday accuse xAI of distributing, possessing and producing with intent to distribute child pornography.
wapo.st
NEW: Three teens allege xAI and Grok were used to generate nude underage images. Photos from homecoming, yearbook, beach outings were turned into CSAM and distributed on Discord and Telegram + some were bartered for other child abuse imagery, a lawsuit alleges. www.washingtonpost.com/technology/2...
Teens allege Musk’s Grok chatbot made sexual images of them as minors
Three teenaged plaintiffs in a lawsuit filed Monday accuse xAI of distribution, possession and production with intent to distribute child pornography.
washingtonpost.com
Elon Musk emailed Jeffrey Epstein on consecutive Christmases 2012: "Do you have any parties planned? ... I really want to ... let loose." 2013: "When should we head to your island on the 2nd?" My piece looking at his fraught effort to position himself as a voice for victims now wapo.st/4b9kYWV
Musk asked Epstein for ‘the wildest party.’ Now he claims to stand up for victims.
The billionaire Tesla CEO has called for accountability for figures named in the Epstein files — despite appearing in them himself.
wapo.st
not that we have AGI but this guy may have been onto something
