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Elon Musk talks space, AI and more in Milken Institute interview

Credit: Milken Institute

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During an interview at a global conference this week, Elon Musk talked about a wide range of themes, from space travel and artificial intelligence (AI), to birth rates, and more.

The Milken Institute think tank is holding its annual global conference in Santa Monica, California, this week, and Musk was interviewed by the group’s Chairman, Michael Milken, on Monday. During the interview, Milken presented several of Musk’s past quotes as prompts, to which Musk could respond and sometimes expand on things he has discussed in the past.

Like many of his interviews, the topics were somewhat wide-ranging, though they included many of the things he has been outspoken about in the past: his thoughts on humanity, education, SpaceX and Starlink, the need to make humans multi-planetary, aliens, merit-based economy, AI, birth rates, and still more.

Elon Musk thinks we’ll have AI smarter than any one human by next year

The interview begins with Milken saying that the original title of the panel discussion was “How To Save The Human Race, and Other Light Topics.”

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He then dives into an 11-year-old clip of Musk talking about the things he thought would have the biggest impact on humanity, to which the billionaire listed many of the things his companies cover today: the internet, sustainable energy including solar power and electric vehicles (EVs), and humanity becoming multi-planetary.

“Life cannot be about solving one thing or another. There have to be things that move your heart and make you excited to wake up in the morning,” Musk said, expanding on his prior quote. “And I think becoming a spacefaring civilization is one of those things.”

“If you ask kids anywhere in the world, like ‘what are some of the most inspiring things,’ like a five-year-old, six-year-old anywhere in the world, they’re going to gonna say space exploration is one of those things,” Musk added.

Notably, Musk also said that SpaceX uses nearly no AI in its operations, while he also later clarified some of his reasoning for why he wants humanity to become multi-planetary:

“Well, if you don’t become a multi-planet civilization, then you’re then you’re simply waiting around until you die from a self-inflicted wound or from some natural disaster like the dinosaurs got hit by a meteorite or something,” Musk said.

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“Eventually, something like that is going to happen if you wait around long enough, the sun will expand to Earth and will be incinerated so that for sure is gonna happen.”

Along with discussing themes like editing the human genome (which he doesn’t necessarily suggest humanity does), and concerns surrounding the world’s falling birth rate, Musk also discussed AI—a topic he’s familiar with through both his work at Tesla and his newest company, xAI.

Regarding AI, he reiterated themes he recently spoke about at the Breakthrough Prize awards on making these systems as truthful as possible, even at the risk of being politically incorrect.

“I’ve thought about AI safety for a very long time, and I think you want to have a maximum truth-seeking AI. This is very important,” Musk explained. “They should not be taught to lie. It should not be taught to say things that are not true. Even if those things are politically incorrect, it should still say those what it believes to be true.”

He then compared the technology to the film 2001: A Space Odyssey, saying that (spoiler), part of the movie’s point was that HAL 9000 ended the astronauts’ lives because it had been forced to lie.

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You can watch the full interview with Musk below.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Waymo temporarily halts service in select San Francisco and LA areas amid protests

The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

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Credit: ABC7/YouTube

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state. 

The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo Catches Strays Amid Anti-ICE Protests

Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional. 

Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground. 

The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”

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Robotaxi Sentiments

The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle. 

Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.

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Investor's Corner

xAI targets $5 billion debt offering to fuel company goals

Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

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(Credit: xAI)

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.

Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.

According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.

Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.

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Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.

As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.

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SpaceX to debut new Dragon capsule in Axiom Space launch

Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

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spacex-dragon-axiom-ax-4-mission-iss
(Credit: SpaceX)

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.

The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.

As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.

Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.

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The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.

“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.

The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.

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