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Just another week, in the world of Elon Musk…

Excession, Elon Musk’s family office, led by Jared Birchall, has clinched the $44 billion purchase of Twitter. The deal led to a $125 billion collapse in the market value of Tesla, as analysts warned he may sell stock to fund the deal, no doubt pleasing Bill Gates, who has been shorting its stock. Family Capital noted Excession’s interest in Twitter on 5 April. 

The deal has dominated social media over the last seven days accompanied by news that Musk may exercise a $1 billion break clause to pull out of it if the going gets rough. 

This week Musk also said that Neuralink, a company developing brain implants, is on track for human trials by 2022…

Over the last seven days, Twitter has also masked news flow from companies in Musk’s orbit which have the potential to lift his wealth way beyond his world-beating $220 billion and put him in just the right mood for a new challenge.

Standard & Poor’s and Moody’s, for example, confirmed upward revisions in Tesla’s credit rating this week, putting the electric car company on target to achieve investment grade. Tesla recently confirmed robust cash flow and revenues of $18.7 billion in Q1, against estimates of $17.8 billion. It is onshoring car production in Texas and stepping up production in Shanghai. 

In the last seven days, SpaceX completed its seventh astronaut launch to the International Space Station. NASA has recommended that SpaceX should lead a mission to Uranus.

Space X now handles two-thirds of NASA launches and runs Starlink, which wants to provide global internet connectivity by satellite. Hawaiian Airlines said this week that it would be the first commercial airline to offer a Starlink service.

The Boring Company – Musk’s infrastructure play – has confirmed a $675 million fundraising led by Sequoia Capital and Dubai-based Vy Capital, a $5 billion investor. led by Alexander Tamas who used to be a partner at Yuri Milner’s DST Global. 

Peter Thiel and a team of former PayPal executives have also backed Boring’s fundraiser through Founders Fund and 8VC, respectively. This week brought confirmation that full-scale hyperloop testing is planned by Boring seeking to achieve 600 miles an hour for passengers in electric pods. 

The Musk Foundation has confirmed its backing for two companies committed to the removal of carbon dioxide from the atmosphere. One of them, Carbyon, is involved in direct air capture. The other, Planetary, backed by the UK and Canadian governments, wants to use mining waste to reduce acid levels in the oceans. Tesla and associate company Solar City use car and house batteries to reduce carbon emissions. Tesla’s acquisition of SolarCity was belatedly approved in the Delaware courts this week. 

This week Musk also said that Neuralink, a company developing brain implants, is on track for human trials by 2022, regulators permitting. Experiments with monkeys have proved controversial, but Musk believes improvements in mental agility can deal with afflictions like paralysis and morbid obesity.  Excession’s Birchall doubles up as Neuralink chief executive.

Musk views Neuralink as a way for the human mind to keep up with AI which he views as a possible threat to humanity. He began OpenAI in 2015 with Sam Altman, with a view to developing open architecture for the sector, but resigned three years later to develop AI at Tesla with a view to developing self-driving cars.

Musk’s concern over AI cannot be understated. And it so happens the Excession shares its name with an Iain Banks science fiction novel focused on AI and the opening of a portal in space.

 

 

 

 

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