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Elon Musk (May 2026) launched the $20 billion Terafab chip factory in Austin for AI and SpaceX, merged xAI into SpaceX, and is currently in litigation against OpenAI. Musk remains the world's richest person, bolstered by Tesla's massive compensation package despite regulatory challenges and business restructuring.
Here are the latest news points about Elon Musk until May 2026:Terafab Construction ($20 Billion): Musk is investing Rp339 trillion (around $20 billion) to build the Intel- backed "Terafab" chip factory in Austin, Texas, for AI and autonomous manufacturing needs.xAI restructuring: xAI no longer operates as a separate company, but is instead merged into SpaceX, now referred to as SpaceX AI products (SpaceXAI).
OpenAI Lawsuit & Trial: Musk is in the midst of a trial against OpenAI and CEO Sam Altman, accusing them of abandoning their original nonprofit mission for commercial gain.
Tesla Compensation: Tesla shareholders approved a massive incentive package (rumored to be as high as $158 billion to $1 trillion based on performance targets) that ties Musk to the company for the next 8-10 years.
Highest Wealth: According to Forbes data as of March 2026, Elon Musk remains in first place as the richest person in the world with a wealth of Rp14,152 trillion.Other News: Musk has been on record warning of the dangers of Terminator-like AI, releasing a WhatsApp replacement messaging app, and having a political feud with Donald Trump .
#JapanTokenizesGovernmentBonds $DOGE