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SpaceX Investors in Meltdown Over All the Money They've Lost Tesla Stock in Freefall After Disastrous Earnings Report SpaceX Stock Hits All-Time Low Elon Musk Says Grok Will Generate Its Own Feature-Length Version of "The Odyssey" for People Allergic to Progressive Ideas Short Sellers Are Going Hog Wild Against SpaceX as Its Stock Craters AI-Pilled Tech CEO Convinced He Has the Perfect Solution for Online Dating, Announces Harebrained App Idea SpaceX Eager to Support the Pentagon's Lethal AI Models SpaceX Plunges to All-Time Low After Competitor Makes Major Leap Palantir Insiders Disgusted by Company's Leadership Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth "You Are a Parasite": Elon Musk Humiliated for Criticizing Zohran Mamdani Bryan Johnson Spent Tens of Millions Trying Not to Die, Gets Diagnosed With Incurable Disease Elon Musk Is Charging Starlink Customers Gigantic Bogus Fees Because Its Network Is Being Crushed by "High Demand" Trump Boasts That He Can Profit Off Presidency as Much as He Wants: "I Found Out That Nobody Cared" "Televised Nervous Breakdown": CEO of Palantir Suffers a Bit of a Meltdown During Live Interview SpaceX Investors Are Having Another Brutal Day Elon Musk Is Crashing Out Badly Elon Musk Confronted With List of People He's Killed, Including Children AI Zillionaires Are Starting to Get Scared as the Public Turns Against Them Amazon Just Pulled Something Absolutely Craven to Avoid Embarrassing Its Friends at OpenAI Elon Musk Says SpaceX Is "Like Union Pacific," Which Is Extremely Funny If You Know What Actually Happened to Union Pacific Head of Microsoft Rages at His Fellow CEOs for Admitting What They're Actually Doing to Society With AI Musk Furious After SpaceX Stock Gets Worst Possible Report Card Elon Musk's Conflicts of Interest With the Trump Administration Regulating SpaceX Are So Profound That They Have Grim Implications for Society Tesla Allegedly Showed Cooked Data to Get Full Self-Driving Approved Elon Musk Fantasizes About Killing Journalists Google CEO Humiliated by Graduating Stanford Students as They Walk Out of His Speech in Protest Tesla’s Robotaxis Are a Complete Disaster SpaceX’s IPO Shows That We Aren’t Even Close to Peak AI Bubble The More Data We See About SpaceX’s IPO, the More We’re Wincing Sam Altman’s Eyeball Scanning Company Now Laying Off Workers The Math on SpaceX’s IPO Is Virtually Impossible It’s Possible That SpaceX Could Collapse Spectacularly SpaceX Is Massively Overvalued Ahead of Its IPO, Analysts Find Elon Musk Says He Only Got Involved in Politics Because He Couldn’t Deal With Having a Transgender Child AI Billionaires Are Starting to Get Scared Trump Shovels $4 Billion Directly to Elon Musk, Who Spent a Fortune Getting Him Elected Woman Accuses Biohacker Bryan Johnson of Hypocrisy to His Face Tesla Insiders Admit Self-Driving Is a Complete Disaster CEO Receives Violent Threats After Kicking Off AI Layoffs New Website Detects Apocalypse If Billionaire Jets Start Fleeing en Masse Man Drives Cybertruck Into Lake to Test Elon Musk’s “Boat” Claims, and It Went About as Well as You’d Guess Marc Andreessen Sputters Incomprehensibly at Question About How AI Will Actually Benefit Humankind SpaceX Stock May Actually Be a Horrendous Investment Jeff Bezos Lectures the Public, Saying They Should Be Grateful for the Wonders of AI Elon Musk’s Ex Says He Bragged About 10,000 Lasers in Orbit That Are “Not a Piece They’ll See on the Chess Board” A CEO of a Bank Just Said Something So Ghoulish About Its Plans for AI That He’s Now in Full Damage Control Mode Why Is Mark Zuckerberg Taunting His Employees Before Firing Them? 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Suddenly, as His Empire Crumbles, Elon Musk Admits He Made a Huge Mistake With DOGE
Victor Tangermann · 2026-07-24 · via Futurism

A colorful photo illustration featuring Elon Musk.

Illustration by Tag Hartman-Simkins / Futurism. Source: Andrew Harnik / Getty Images; Shutterstock

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Last week, SpaceX’s enormous Starship rocket failed to ignite several of its engines, forcing the company to abort its first test launch since its IPO earlier this summer.

The scrub served as the perfect metaphor for the space company’s ongoing struggles to convince investors of CEO Elon Musk’s lofty ambitions — ambitions which have little to no chance of turning into a reality without Starship.

While the almost-trillionaire has promised that SpaceX will one day be worth “more than the rest of the Earth,” its prolonged decline on the stock market suggests otherwise. Instead of joining the AI race, SpaceX has resorted to selling compute to its competitors.

His EV maker Tesla, an early pioneer in the adoption of electric vehicles, has also been flailing. Vehicle sales have been plunging as customers are driven away by the richest man in the world’s tasteless behavior and erratic commentary. Even recent jumps in revenue were thwarted by major AI-related spending, causing Tesla’s share price to tank this week.

As a result of it all, Musk’s empire feels more like it’s coming down around him — making it a perfectly convenient moment for him to sit down with The Economist for an attempt at a clean slate. (Whether it landed we’ll leave to you to decide.)

In the interview, published Thursday, Musk lamented that he “got a little too involved in politics” and “got carried away, frankly,” by his efforts to systematically gut the government with the help of his so-called Department of Government Efficiency during the early days of the second Trump administration.

The scars DOGE leaves behind are as evident now as they’ve ever been. Instead of cutting spending, the group forced tens of thousands of government workers out of their jobs, laid waste to foreign aid — with catastrophic consequences — and leaked highly sensitive data. It has sparked waves of protests, hollowed out the Social Security Administration, and fundamentally undermined the role of science in the United States.

Perhaps worst of all to Musk, his disastrous stint as a “special employee” in Washington, DC, last year has made him staggeringly unpopular — possibly even one of the most hated men in America.

“And I got a lot of flack from this, for this obviously,” he conceded in the Economist interview.

Now that his empire is looking worse for wear, it’s no wonder Musk is looking for an opportunity to tell the public that he’s moved on from helping the Trump administration dismantle the government.

But whether he actually regrets his actions is unclear at best. During the interview, Musk showed “no sign of relinquishing the geopolitical bully pulpit,” per The Economist. He doubled down on accusing the media of wrongfully characterizing him as a racist, despite repeatedly making racist comments. He even argued that Europe’s far-right extremist leaders were simply misunderstood.

In an piece accompanying its interview, The Economist acknowledged it sees the centibillionaire’s political views as “plainly bigoted.”

Musk also promised that AI will make money irrelevant — an “age of amazing abundance,” he enthused — and that governments should simply “issue people checks.” Considering his actions at the helm of DOGE last year, it’s clear he sees little role for the government beyond that.

More on Musk and DOGE: Elon Musk Says He Is So Sorry for His Horrible Behavior