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Added on the 17/08/2018 07:13:59 - Copyright : Wochit
Susan Walsh/AP; Erin Scott/Reuters There's no love lost between Elon Musk and Mark Zuckerberg. The billionaire tech CEOs — who helm Tesla and SpaceX, and Facebook, respectively — have been feuding since at least 2016, when a SpaceX rocket explosion destroyed a Facebook satellite. Since then, they've butted heads over everything from artificial intelligence to Facebook's data-collection practices. Most recently, Musk tied Facebook to the violent insurrection in Washington, DC, describing it as a "domino effect." Visit Business Insider's homepage for more stories.
New York (CNN Business) Silicon Valley has been the epicenter of the tech industry for decades, starting in 1938 when Bill Hewlett and David Packard started tinkering in a Palo Alto garage. A string of high profile tech investors and executives are leaving San Francisco, too: Last week, Elon Musk recently said he has moved to Texas after selling his Bel Air homes earlier this year. Such moves are to be expected during the pandemic, when people are working from home anyway. Several tech firms have said they'll give employees the option to permanently work from home even after the pandemic ends.
An unexpected explosion occurred during a fueling operation before the test firing of one of NASA's rockets at the Space X launch site at Cape Canaveral, Florida, on Thursday. According to witnesses the shock of the initial blast could be felt miles from the test site and several smaller explosions continued to occur for a few minutes afterwards. The blast reportedly destroyed Facebook's $200 million Internet.org satellite.
Business Insider reports that Elon Musk is now the richest man in the world. His net worth has skyrocketed to $187 billion. He is the CEO of two companies, Tesla and SpaceX, and the founder of three more. He's also been married three times and has triplets and twins. He recently had another baby with his girlfriend, the musician Grimes.
Pool/Getty Images Perhaps nobody had a better year, financially speaking, than Tesla and SpaceX CEO Elon Musk. The billionaire saw his wealth more than quintuple during a pandemic that's left hundreds of thousands dead and many more out of work. Yet the magnate takes a very small salary, instead relying on massive stakes in his companies to accumulate wealth. With Tesla's stunning performance this year, it's no surprise that those equity values have also swelled. Visit Business Insider's homepage for more stories.
After a month-long argument with the Great State of California, Tesla founder Elon Musk has had enough. According to Business Insider, Musk confirmed on Tuesday that he has moved to Texas. Musk began extricating himself when local COVID-19 restrictions forced Tesla to temporarily close its only US car factory in the Bay Area. Over the summer, as he sold many Los Angeles-area homes, Musk also quietly moved his charitable foundation to Texas. At a virtual conference on Tuesday, Musk pointedly noted Tesla owns the last car manufacturing plant in the entire state of California.