Elon Musk
Musk says German election could ‘decide fate of the world’ at AfD event
Elon Musk spoke at a campaign event for Germany’s controversial Alternative für Deutschland, or Alternative for Germany (AfD), party over the weekend, ahead of an upcoming election in the country next month.
On Saturday, AfD candidate Alice Weidel posted a video broadcast of the event on X, which included a roughly-ten-minute speech from Musk, following his appointment last week as an advisor for newly-inaugurated U.S. President Donald Trump. The AfD, which advocates for German nationalism, halting immigration into the country, preserving German culture and other related topics, has drawn concern and been called a far-right populist party by some critics.
The appearance comes ahead of a German election being held on February 23, which Musk says could “decide the entire fate of Europe, maybe the fate of the world.” During the speech, he also spoke about preserving German culture and the removal of bureaucracy from Brussels, along with being affirmed by Weidel and the audience about the recent election of Trump, who has advocated for similar deregulatory and anti-immigration policies.
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You can see the full broadcast from Alice Weidel on X below with Musk’s speech starting around two and a half hours in, or you can read the full transcript below that.
Mega-Wahlkampfauftakt mit Alice Weidel live aus Halle! https://t.co/eHzMOShPHR
— Alice Weidel (@Alice_Weidel) January 25, 2025
Musk: Can you hear me? Okay, yes, unfortunately, I can’t hear you very well.
Wow, hello, everyone. I hope you can hear me well, the audio I’m hearing from my side is… I can’t hear you. So hopefully this, this is coming through. Please, please confirm that this you can hear me. Okay. I don’t know, raise your hand or something. Okay. All good. Okay, great.
Well, first of all, I wanted to really say that I’m very excited for the AfD and I think, I think you’re really the best hope for Germany. I think some things that… something I think that is just very important is that people take pride in Germany, and being German, this is very important. It’s, you know, it’s okay to be proud to be German. This is a very important principle.
It’s good to be proud of German culture, German values, and not to lose that in some sort of multiculturalism that dilutes everything. I think we want to have unique cultures in the world. We want to have people that have… we don’t want everything to be the same everywhere, where it’s just one big sort of soup, you know, we want to have something where it’s… you go to different countries and you experience a different culture, and it is unique and special and good and that the German government takes actions to protect its citizens, and make sure that it seeks the health and well-being of the German people.
The German people are sort of, really an ancient nation. It goes back thousands of years. Read Julius Caesar’s account of, like, first encountering the German tribes in the Gallic campaigns. And he was like, “Very impressive. These are very, very powerful warriors.”
I think there’s, like, frankly, too much of a focus on past guilt, and we need to move beyond that. Children should not be guilty of the sins of their parents or even, let alone their parents, their great grandparents, maybe even. And we should be optimistic and excited about a future for Germany.
That’s really what it is, to be excited, to be optimistic about the future, to preserve German culture and protect the German people. And you know, there are some other things that I think would be very helpful too, which is that, I think you want more self-determination for Germany and for the countries in Europe, and less from Brussels.
That’s my opinion. I think there’s too much bureaucracy from Brussels, too much control from sort of global elite. And you know, when I’ve given talks at these sort of global government conferences, what I’ve said is there should be “less global government, there should be more determination by individual countries.”
And so I very much hope that the AfD does well, and that Alice Weidel does become a chancellor. I think that would be very good for Germany, and I think it’s very important. I hope the German people unite and strongly support AfD.
You’re doing the right thing, is what I’m saying.
Let’s go guys, let’s go! Fight for a great future for Germany! Fight for a great future for Germany! Go go go, convince your friends, convince everyone, let’s go!
Get excited about the future, and if you want to make the future great, if you want the future to be great, you need to make it great, and fight for the future to be great. That’s how it becomes great.
Weidel: Let me try one thing, and I hope you can hear me. No, you can’t?
Musk: No, I think I can hear you now.
Weidel: Okay, yes, good. Entire audience, we wish you, President Donald Trump, Vice President JD Vance, all the best to make America great again. You’re the best. God’s blessing.
Musk: Exactly. I mean, I think we should fight for an exciting, bright future where people can be optimistic about what’s going to happen, where you wake up and you look forward to the future. And the best way to… ensure the future is good, you have to fight for a good future every day, and it will be great, and we’ll have a very exciting, wonderful future so…
I think this election coming up in Germany is incredibly important. I think it could decide the entire fate of Europe, maybe the fate of the world. That is the significance of this election. So that’s why it’s very important to talk to your friends and family and convince them to consider voting for AfD and then, and just go with it like a chain reaction, convince one friend, talk to another friend, and say “Hey guys, do you want more of the last ten years, or do you want something different?”
And I think the people in Germany want something different, and if you want something different, you have to vote for a different party. This is just a fact. This is logic.
So you are the future of Germany. Make it happen, but I can’t emphasize enough: go out there, talk to people, convince people, one vote at a time, there’s a need for change. It’s got to be done. And this election is so important, it’s extremely important. I do not say it lightly when I think the future of civilization could hang on this election.
So when something is so important, it’s you really need to say, “Okay, you’re going to go all out to convince people to vote for AfD.”
And you certainly… obviously you have my full support. I think the Trump administration is also supportive. So, you know, I think the policies that I’ve heard from AFD, they make a lot of sense.
They’re really just, it’s, you know… to me, when I look at the policies, they’re sort of, they’re common sense policies, and just like President Trump has common sense policies, getting things done, you know, getting the government out of people’s way so that you can get, you know, you can get things done, and giving people back personal freedom and protecting the people from dangers.
These are fundamental things that, frankly, the current government is not doing. Current government is suppressing speech very aggressively and really, when you suppress freedom of speech, it’s not it’s very difficult, if not impossible, to have a true democracy, because freedom of speech is the foundation of democracy.
People cannot be expected to vote in an informed manner if they are not able to know the truth. So, this is why it’s so important to have to have freedom of speech, so people can make an informed vote, and it can be a true democracy. But this is not what the current government has been doing. They have been suppressing freedom of speech and putting people in jail for even mild criticisms of politicians or social media posts. This is crazy. This is, this is, this is, frankly, a totalitarian approach. It is not a democratic approach.
So there needs to be… to restore freedom to the people of Germany and have freedom of speech and have less government oppression in general. So anyway, I think this is I can’t emphasize enough, go do everything you can, full blast. Put every effort you can into this election, this… the fate of the world, I think, rests upon this election in Germany. It’s extremely fundamental.
Everything you can, please go all out.
Weidel: Thank you, great. All the best for you, blessings.
Musk: Alright, and unfortunately, Alice, I can’t hear you. I wish I could hear you, but I can see the enthusiasm of the crowd. And… danke schoen. And, you know, go, go, go, fight, fight, fight.
Elon Musk’s past meetings with other world leaders and Donald Trump’s re-election
The speech follows Musk’s appearance at Trump’s inauguration earlier this week, during which the Tesla CEO performed what many said appeared to be a Nazi salute, which he later defended as a gesture meant to highlight his statement that his “heart goes out to all of you” after thanking the audience for helping to make Trump’s victory happen.
After the inauguration, Musk downplayed the gesture in a flurry of posts, including one on X, noting that he had apparently been called both a Zionist and a Nazi. In others, he reiterated his disdain for legacy media, adding that it would be “another nail in the coffin.”
“It was astonishing how insanely hard legacy media tried to cancel me for saying ‘my heart goes out to you’ and moving my hand from my heart to the audience,” Musk wrote in an additional post on X on Friday. “In the end, this deception will just be another nail in the coffin of legacy media.”
“Elon is a great friend of Israel,” Netanyahu wrote on X following the event. “He visited Israel after the October 7 massacre in which Hamas terrorists committed the worst atrocity against the Jewish people since the Holocaust. He has since repeatedly and forcefully supported Israel’s right to defend itself against genocidal terrorists and regimes who seek to annihilate the one and only Jewish state. I thank him for this.”
Musk has also met with several world leaders over the past few years, even before his official endorsement of Trump last July. He has previously held meetings with Netanyahu and several others, including Italian Prime Minister Giorgia Meloni, Argentina President Javier Milei, El Salvador President Nayib Bukele, Hungary President Katalin Novák, Turkey President Recep Tayyip Erdoğan, President of Namibia Dr. Nangolo Mbumba, Thailand Prime Minister Srettha Thavisin, and several officials in China, among many others still.
Many of these conversations have included similar concerns about immigration, population collapse and the need for people to have more children, the civilizational risks of AI and ambitions to make humans multiplanetary by landing on Mars, among many other adjacent topics.
During campaign events leading up to the November election, Musk used similar language to his January speech for the AfD, noting that “President Trump must win to preserve the Constitution” and “democracy,” and saying that it would “be the last election” if voters didn’t encourage others to register to vote.
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.
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Elon Musk
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
SpaceX has secured an option to acquire Cursor AI for $60 billion ahead of its historic IPO.
SpaceX announced today it has struck a deal with AI coding startup Cursor, securing the option to acquire the company outright for $60 billion later this year, while committing $10 billion for joint development work in the interim. The announcement described the partnership as building “the world’s best coding and knowledge work AI,” and comes just days after Cursor was separately reported to be raising $2 billion at a valuation above $50 billion.
The move makes strategic sense given where each company currently stands. Cursor currently pays retail prices to Anthropic and OpenAI to the same companies competing directly against it with Claude Code and Codex. That means every dollar of revenue Cursor earns partially funds its own competition. With SpaceX bringing computational infrastructure to the Cursor platform, that could reduce Cursor’s dependence on OpenAI and Anthropic’s Claude AI as its providers. Access to SpaceX’s Colossus supercomputer, with compute equivalent to one million Nvidia H100 chips, gives Cursor the infrastructure to run and train its own models at a scale it could never afford independently. That one change restructures the entire unit economics of the business.
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Cursor’s $2 billion in annualized revenue and enterprise reach across more than half of Fortune 500 companies gives SpaceX something its xAI subsidiary currently lacks, which is a proven, fast-growing software business with real enterprise distribution.
For Cursor, SpaceX’s $10 billion in joint development funding is transformational. Cursor raised $3.3 billion across all of 2025 to reach that $2 billion in revenue. A single $10 billion commitment from SpaceX, even as a development payment rather than an acquisition, dwarfs everything Cursor has raised in its entire existence. That capital accelerates product development, enterprise sales infrastructure, and proprietary model training simultaneously.
The timing is deliberate. SpaceX filed confidentially with the SEC on April 1, 2026, targeting a June listing at a $1.75 trillion valuation, in what would be the largest public offering in history. The company is expected to begin its roadshow the week of June 8, with Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley serving as underwriters. Adding Cursor to the portfolio before that roadshow gives IPO investors a concrete enterprise software revenue story to price in, alongside rockets and satellite internet.
The deal also addresses a weakness that became visible after February’s xAI merger. Several xAI co-founders departed following that acquisition, and SpaceX had already hired two Cursor engineers, signaling where its AI talent strategy was heading. Cursor, for its part, faces a pricing disadvantage competing against Anthropic’s Claude Code.
Whether SpaceX exercises the full acquisition option before its IPO or after remains the open question. Either way, this deal reshapes what investors will be buying into when SpaceX goes public.
Elon Musk
How much of SpaceX will Elon Musk own after IPO will surprise you
SpaceX’s IPO filing confirms Musk will maintain his voting power to make key decisions for the company.
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote.
Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its votes through super-voting shares. He will simultaneously serve as CEO, CTO, and chairman of the nine-member board after the listing. Beyond that, the filing includes provisions that may limit shareholders’ influence over board elections and legal actions, forcing disputes into arbitration and restricting where they can be brought.
The case for Musk holding this level of control is grounded in SpaceX’s actual history. The company’s most important bets, from reusable rockets to a global satellite internet constellation, were decisions that ran against conventional aerospace thinking and would likely have faced resistance from a board accountable to investor gains. Fully reusable rockets were considered economically irrational by established industry players for years. Starlink, which now generates over $4 billion in annual operating profit, was widely dismissed as financially unviable when it was proposed. The argument for concentrated founder control seems straightforward, and the decisions that built SpaceX into what it is today required someone willing to ignore consensus and absorb years of losses.
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For context, Musk’s position is significantly more dominant than Zuckerberg’s at Meta. The comparison with Tesla is also worth noting. When Tesla did its IPO in 2010, it did not issue dual-class shares. Musk has only recently pushed for enhanced voting protection, proposing at least 25% control at Tesla in 2024 after selling shares to fund his Twitter acquisition left him with around 13%.
SpaceX has clearly learned from that experience and structured the IPO differently by planning to allocate up to 30% of shares to retail investors, roughly three times the typical norm for a large offering. The roadshow is expected to begin the week of June 8, with a Nasdaq listing rumored to be a $1.75 trillion valuation and a $75 billion raise.
Elon Musk
ARK’s SpaceX IPO Guide makes a compelling case on why $1.75T may not be the ceiling
ARK Invest breaks down six reasons SpaceX’s $1.75 trillion IPO valuation may be justified.
ARK Invest, which holds SpaceX as its largest Venture Fund position at 17% of net assets, has published a detailed investor guide to why a SpaceX IPO may be grounded in a $1.75 trillion target valuation.
The financial case starts with Starlink, SpaceX’s satellite internet constellation, which has surpassed 10 million active subscribers globally as of early 2026, with 2026 revenue projected to exceed $20 billion. ARK’s research puts the total satellite connectivity market opportunity at roughly $160 billion annually at scale, and Starlink is adding customers faster than any telecom network in history. That growth alone would justify a substantial valuation.
Additionally, ARK notes that SpaceX has reduced the cost per kilogram to orbit from roughly $15,600 in 2008 to under $1,000 today through reusable Falcon 9 hardware. A fully operational Starship targeting sub-$100 per kilogram would represent a significant cost decline and open markets that do not currently exist. SpaceX executed a staggering 165 missions in 2025 and now accounts for approximately 85% of all global orbital launches. That infrastructure position took decades to build and would be nearly impossible to replicate at comparable cost.
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The February 2026 merger with xAI added a layer to the valuation that straightforward financial models struggle to capture. ARK argues that at sub-$100 launch costs, orbital data centers could deliver compute roughly 25% cheaper than ground-based alternatives, without power grid delays, permitting friction, or land constraints. Musk has stated a goal of deploying 100 gigawatts of AI computing capacity per year from orbit.
The $1.75 trillion figure itself is not a conventional earnings multiple. At roughly 95x trailing revenue, it prices in Starlink’s adoption curve, Starship’s cost trajectory, and the orbital compute thesis together. The public S-1 prospectus, due at least 15 days before the June roadshow, will give investors their first complete look at the financials to test those assumptions. ARK’s position is that the track record earns the benefit of the doubt. Fully reusable rockets were considered unrealistic for years. Starlink was considered financially unviable. Both happened on timelines that surprised skeptics.
Why SpaceX just made a $60 billion bet on AI coding ahead of historic IPO
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