Oligarch Watch

@muskwatch.bsky.social

Accountability journalism for the world's wealthiest people. https://oligarchwatch.substack.com

When it peaked in June, Musk’s net worth was valued at more than $1.3 trillion. Musk marked the occasion by taking several victory laps on X. But that was then. Over the last 7 weeks, Musk’s fortune shrank by more than $550 billion following dramatic market losses suffered by Tesla and SpaceX.

How SpaceX crashed to earth

When it peaked in mid-June, Elon Musk’s net worth was valued at more than $1.3 trillion, making his individual wealth greater than the combined fortunes of Jeff Bezos, Mark Zuckerberg, Larry Page, Ser...

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Meta’s smart glasses armed with discreet cameras, combined with its video sharing platform, have created a powerful toolkit for seedy men to record, disseminate, and monetize videos of themselves harassing women.

The creep economy still thrives on Meta

Meta’s smart glasses armed with discreet cameras, combined with its video sharing platform, have created a powerful toolkit for seedy men to record, disseminate, and monetize videos of themselves hara...

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In Ohio, Republican gubernatorial nominee Vivek Ramaswamy is getting a financial boost from a roster of fellow billionaires. A campaign finance filing revealed that Elon Musk was one such benefactor. Musk has donated at least $5 million to V-PAC, a super PAC supporting Ramaswamy’s campaign.

The billionaires behind Ramaswamy’s smear campaign

In Ohio, Republican gubernatorial nominee Vivek Ramaswamy — himself a multibillionaire — is getting a financial boost from a roster of fellow billionaires.

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Less than four months after being found liable for building addictive design elements into Instagram, Meta is developing plans to lace its platforms with a novel gambling feature: a prediction market that could feed users an individualized stream of events to bet on.

Like “combining alcohol and cocaine”: Meta plans to add gambling to its addictive platforms

Less than four months after being found liable for building addictive design elements into Instagram, Meta is developing plans to lace its platforms with a novel gambling feature: a prediction market ...

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Over the last few weeks, the Trump administration has taken unprecedented actions directly benefiting Elon Musk’s SpaceX, including handing over hundreds of acres of public land from a critical wildlife refuge to the company so it can expand its launch and industrial facilities in Texas.

What do you get for the world’s richest man? A wildlife refuge.

Over the last few weeks, the Trump administration has taken unprecedented actions directly benefiting Elon Musk’s SpaceX, including handing over hundreds of acres of public land from a critical wildli...

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Over the last year, Elon Musk has developed a fascination with a 24-year-old podcaster and YouTuber from Pennsylvania who claimed he communicated “with God about what he believes the future of the right, philosophically, should be.”

Inside the twisted mind of Elon Musk’s favorite YouTuber

Over the last year, Elon Musk has developed a fascination with a 24-year-old podcaster and YouTuber from Pennsylvania who claimed he communicated “with God about what he believes the future of the rig...

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1. Peter Thiel is pouring millions into a dystopian new start-up that seeks to discredit journalists reporting on wealthy people with a combination of retired intelligence operatives and a "jury" of AI models The company is even trying to pressure reporters to turn over the IDs of anonymous sources

xAI has boasted about the speed at which it has erected its data centers in Memphis. Now, as xAI attempts to replicate that pace to construct the Colossus 2 data center, it has identified another unnecessary inefficiency: a water recycling plant that it had promised to build for the community.

Musk leaves Memphis high and dry

xAI is draining millions of gallons from the Memphis drinking water supply. Musk's promised fix has been delayed indefinitely.

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With health care costs rising and more Americans losing their insurance, the leading AI companies are selling an alternative to the public: chatbots. In January, Elon Musk promoted a video clip that urged his followers on X to “upload your X-rays or MRI images to Grok” for a “medical diagnosis.”

Big Tech’s prescription: One chatbot, taken daily

With health care costs rising and more Americans losing their insurance, the leading artificial intelligence companies are selling an alternative to the public: chatbots.

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During a 2018 press conference at Kennedy Space Center, Elon Musk called for “a new space race,” one defined not by nations but by rival billionaires scrambling to commercialize and colonize the final frontier. Musk has since launched thousands of satellites and hundreds of rockets.

Are Musk and Bezos turning the sky into a landfill?

During a 2018 press conference at Kennedy Space Center, Elon Musk called for “a new space race,” one defined not by nations but by rival billionaires scrambling to commercialize and colonize the final...

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While Amazon’s artificial intelligence buildout drives its vast carbon emissions to new heights, Jeff Bezos, the company’s founder and executive chairman, is using his environmental charity to promote AI as a solution to the climate crisis.

Bezos' $10 billion climate charity has a new mission: promoting AI

The Bezos Earth Fund is focused on selling artificial intelligence — the technology driving Amazon's rising carbon emissions — as the solution to the climate crisis

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Meta CEO Mark Zuckerberg closed a deal to purchase a $170 million mansion on an island in Miami. It was the clearest sign yet that he is looking to abandon California over a proposed ballot initiative that would tax the ultra-wealthy to cover federal cuts to healthcare and nutrition programs.

200 Billionaires v. California

Meta CEO Mark Zuckerberg closed a deal last week to purchase a $170 million mansion on Indian Creek, an island in Miami, Florida.

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With Trump a year into his term, the U.S. is nearing a right-wing cultural transformation — but not from a swing in popular sentiment. Instead, it is one wealthy family that has used its roughly $200 billion fortune in an effort to acquire, consolidate, and control news and entertainment media.

The era of right-wing nepo-media

In the aftermath of Donald Trump’s second presidential victory, his media supporters began asserting that America had entered a new, definitively conservative cultural era.

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Over the last year, Meta’s AI smart glasses have been used by deviant men to surreptitiously record videos of women and children. Such incidents could become more harmful if combined with the vast amounts of personal and biometric data that Meta collects on its billions of users.

Meta’s AI glasses empower creeps

Over the last year, Meta’s AI smart glasses have been used by deviant men to surreptitiously record videos of women and children.

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Over the weekend, Elon Musk announced a sudden revision to his long-stated dream of building a city on Mars. Instead of prioritizing Mars, he said that SpaceX — which is now competing with Blue Origin over a NASA mission to return astronauts to the moon — would focus on building a lunar “city.”

Musk puts Mars on ice

Over the weekend, Elon Musk, the centibillionaire CEO of SpaceX, announced a sudden revision to his long-stated dream of building a human city on Mars.

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Across America, billionaires and their minions are working to defeat a proposed ballot measure in California that would marginally tax the assets of the ultra-rich. The initiative would use the proceeds to ensure that millions of low-income residents can remain on the state’s Medicaid program.

The billionaire boys fight the wealth tax

Across America, billionaires and their minions are working to defeat a proposed ballot measure in California that would marginally tax the assets of the ultra-rich.

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To power its sprawling Colossus supercomputer facility in Memphis, Tennessee, xAI, Elon Musk’s artificial intelligence company, has polluted the air of a number of historic Black neighborhoods, which already faced exceptionally high rates of cancer and respiratory diseases.

Imported talent, local pollution: The grim reality of xAI's impact on Memphis

To power its sprawling Colossus supercomputer facility in Memphis, Tennessee, xAI, Elon Musk’s artificial intelligence company, has polluted the air of a number of historic Black neighborhoods, which ...

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OpenAI has steadily gained legitimacy among legacy media companies. Last week, Disney agreed to allow 200 of its characters to appear in AI-generated videos on OpenAI’s Sora app. But OpenAI’s next growth opportunity could rely on a more explicit form of content: AI pornography.

Why Sam Altman is getting into the pornography business

Over the past year and a half, OpenAI has steadily gained legitimacy among legacy media companies, signing content deals with publishers to feed material to ChatGPT and its other generative artificial...

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