Musk's meltdown era is here

Elon Musk is unraveling in real time.
This week, SpaceX's Starship rocket exploded — again — during a ground test in Texas. That makes four failures in six months for the company's most ambitious project, the one NASA is relying on to carry astronauts back to the moon. But what's another fiery setback in MuskLand? Nothing much, if you listen to Musk's own X account.
While the smoke clears on the launchpad, another crisis is burning: xAI, Musk's artificial intelligence venture, is reportedly on track to lose $13 billion in 2025. According to multiple reports, it's burning through $1 billion every month, and bringing in barely a half-billion total. Musk moved GPUs from Tesla to prop it up and is now pitching a $9 billion raise to investors. But that's not innovation — it's triage.
And now, the political theater collapses too. After years of courting Donald Trump and MAGA-adjacent culture warriors, Musk has been frozen out by Trump himself, who reportedly isn't taking Musk's calls. No more backstage passes. No more power dinners. Just a guy with exploding rockets, a hemorrhaging AI startup, and a dying social media platform full of trolls yelling into the void.
Once the architect of disruption and chainsaw-wielding White House Senior Adviser, it now feels like he's a brand built on fire and fumes.
Musk promised moon landings, AI revolutions, and free speech utopia. What we got instead? A billionaire in free fall — and the receipts are everywhere.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Bloomberg

26 minutes ago

• Bloomberg

Stocks Rattled Ahead of Big Options Test

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." SoftBank founder Masayoshi Son is seeking to team up with TSMC on a trillion-dollar industrial complex in Arizona to build robots and AI. President Trump signals he would give diplomacy a chance before deciding whether to strike Iran. And Bezel Co-Founder & CEO Quaid Walker joins Bloomberg Open Interest to talk about the luxury watch market. (Source: Bloomberg)

CNBC

27 minutes ago

• CNBC

Coinbase shares rise as investors anticipate U.S. stablecoin rules: CNBC Crypto World

On today's episode of CNBC Crypto World, bitcoin and ether are little changed as investors assess the Fed's next move on interest rates and President Trump's strategy for the Israel-Iran conflict. Plus, Coinbase rises after the company shuffles its EU hub to Luxembourg and investors await U.S. stablecoin rules. And, Phil George of EarnOS discusses why brands could could look to stablecoins in the future.

Bloomberg

27 minutes ago

• Bloomberg

SoftBank's Founder Pitches $1 Trillion US AI Hub

Jordan Klein, Managing Director at Mizuho Securities USA, says Masayoshi Son's pitch for a $1 trillion AI and robotics hub in Arizona is a marketing ploy. He explains why he thinks that on 'Bloomberg Tech.' (Source: Bloomberg)