Over a three-year period, Musk borrowed roughly $500 million from SpaceX, using the privately held rocket company as a source of low-interest capital rather than turning to traditional banks, according to internal documents obtained by The New York Times.

California's coastal regulator has apologized to billionaire entrepreneur Elon Musk’s SpaceX, settling a lawsuit in which the rocket company accused the agency of showing political bias ​against it and its chief executive.

Westminster Mayor Mona Becker said SpaceX purchased a property at 1121 Independence Way. SpaceX filed building permit applications with the city and paid the associated fees on April 21. As of Monday, state property records still showed that Conewago Contractors Inc., a real estate company based in Pennsylvania, owned the property.

Elon Musk, who split from OpenAI years after cofounding it as a nonprofit in 2015, said it was putting commercial interests over the public’s. A company lawyer said Mr. Musk had sued because he did not get his way.

Elon Musk‘s SpaceX is expected to debut Starship V3 soon, but a new video posted this week confirmed for the first time that a nitrogen system explosion destroyed the first Version 3 last year. As the company moves toward what may become the biggest IPO ever,

In 2015, the Times says SpaceX started buying up Solar City’s debt at a time when he was that struggling company’s chairman. Eventually, after SpaceX had spent $255 million in this way, the Times says Tesla bought SolarCity for the equivalent of $2.6 billion. Musk says Tesla then repaid SpaceX for all that debt.

Elon Musk's SpaceX took out a $20 billion bridge loan last month to refinance much of its existing debt ahead of its planned U.S. initial public offering, according to excerpts from a confidential regulatory filing.

The wheels have been put into motion for the largest initial public offering (IPO) in stock market history.