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The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday.

The company is discussing an agreement with investors to sell stock from insiders in a purchase offer at $97 a share, according to a person familiar with the discussions. The offer does not include raising new capital, as the purchase offer represents a secondary sale of existing shares and is expected to close in January.

SpaceX typically performs these secondary rounds about twice a year, to give employees and other company shareholders a chance to sell stock. The latest valuation represents a 20% increase from SpaceX’s previous high of $150 billion, which the company hit through a July secondary sale at $81 a share.

The Tesla chief has reportedly stashed a generous sum of $100 million in charity for the endeavor.

Billionaire CEO Elon Musk reportedly plans to build a school and, eventually, a university in Texas.

Optimus, as it’s also known as, has clearly learned some new tricks.

Tesla has unveiled “Optimus Gen 2”, a new generation of its humanoid robot that should be able to take over repetitive tasks from humans.

Optimus, also known as Tesla Bot, has not been taken seriously by many outside of the more hardcore Tesla fans, and for good reason.

When it was first announced, it seemed to be a half-baked idea from CEO Elon Musk with a dancer disguised as a robot for visual aid. It also didn’t help that the demo at Tesla AI Day last year was less than impressive.

Tesla CEO Elon Musk has alluded to an upcoming “tap to park” feature for the automaker’s Full Self-Driving (FSD) beta. While it isn’t clear when it’s expected to become available, some have already pointed out how useful such a feature could be.

On Friday, Musk responded to a post on X saying that Tesla is developing a feature in which the car identifies potential parking space options, letting users tap the one they want to use. Upon doing so, the driver will then be able to leave the vehicle before the vehicle parks in the selected space.

The statement came in response to another post claiming that a 360-degree bird’s eye view would be irrelevant in a world of self-driving vehicles, as the driver wouldn’t need to do anything at all for the vehicle to locate and park in a specific spot.

Elon Musk recently tore into Bob Iger, along with other advertisers, that are choosing to pull their money from X (formerly Twitter) due to disagreements wit…

When motoring content firm Hagerty published its video review of the Tesla Cybertruck, automotive journalist Jason Cammisa lightly noted that Tesla had sent other auto CEOs a pamphlet called “How to Design a 48-Volt Vehicle.” Cammisa seemed like he was joking in the video, so his comments were mostly taken in stride by the electric vehicle community.

But as per a recent comment from Ford CEO Jim Farley, it appears that Tesla really did send out a “How to Design a 48-Volt Vehicle” guide to other auto CEOs. In a post on X, the social media platform formerly known as Twitter, Farley noted that Tesla was definitely not joking, as Ford had received the document.

Farley also remarked that Ford had received the pamphlet on December 5, 2023. The Ford CEO actually seemed like he appreciated the document, as he thanked Elon Musk and stated that the guide would be “great for the industry.” Elon Musk, for his part, seemed to appreciate the Ford CEO’s reaction to the 48V guide. In a response on X, Musk simply noted, “You’re welcome.”

Elon Musk’s latest rocket—the most powerful ever built—would offer better economics than conventional craft.

Toyota’s chairman, who’s long resisted EV hype despite pressure, is feeling vindicated, with hybrid sales surging this year.