After Elon Musk’s Department of Government Efficiency (DOGE) slashed more than a quarter of the 100,000-person workforce at the IRS, the agency received 140.2 million individual returns and issued more than 90.4 million refunds, slightly down from the year before. While the IRS described the 2026 tax season as successful, former acting Commissioner Douglas O’Donnell
Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company. Harvard reported it holds the position in its 13F filing on Friday, revealing it’s one of the largest endowment holders of the stock. Space Exploration Technologies Corp. is the
Tesla has revealed a $10.1 billion proposal for a solar factory in Texas, offering the clearest look yet at how CEO Elon Musk could pursue his ambitions to ramp up solar manufacturing in the US, documents show. In a tax-incentive application filed in Texas, Tesla proposed a solar factory, code-named Project Crystal Sun, that would
Elon Musk is betting that the next phase of his sprawling technology empire will require a building on a scale that has never existed before. SpaceX and Tesla are building Terafab, a 100-million-square-foot semiconductor manufacturing facility in Grimes County, Texas, more than five times the size of the world’s largest building. “Terafab Texas will be the
Residents of a rural Texas county say they want more control over the gigantic AI infrastructure projects sprouting in their backyards. Nearly 900 residents of Grimes County, the site of Elon Musk’s planned 100-million-square-foot Terafab semiconductor factory, signed a petition calling for more stringent regulations on large infrastructure projects that receive public incentives. The residents
SpaceX launched its Starfall demo mission on June 23, 2026. According to a document from the Federal Aviation Administration, Starfall has two main purposes: to use rockets to quickly deliver cargo around the world, and to deliver cargo to and from space. The latter could allow for in-space manufacturing markets that take advantage of microgravity