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Elon Musk Testifies in Twitter Trial as SpaceX Eyes Moon and xAI Merger Sparks IPO Talk

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Elon Musk has stepped back from his job of cutting government spending by firing civil servants and gutting or closing departments

Elon Musk, the world’s richest individual with a net worth approaching $841 billion, spent much of early March 2026 on the witness stand in a high-profile federal courtroom, defending his actions during the tumultuous 2022 acquisition of Twitter—now rebranded as X—against accusations of securities fraud that allegedly cost shareholders millions.

Elon Musk has stepped back from his job of cutting government spending by firing civil servants and gutting or closing departments
Elon Musk
AFP

The civil class-action trial in U.S. District Court for the Northern District of California centers on claims that Musk made misleading statements and tweets in the months leading up to his $44 billion purchase of the social media platform. Plaintiffs allege he deliberately drove down Twitter’s stock price to renegotiate or escape the deal after initially agreeing to buy at $54.20 per share.

Musk took the stand on March 4, appearing defiant as he addressed jurors directly. He testified that he did not intend for his posts—questioning bot accounts and declaring the deal “on hold”—to impact the stock price significantly. “People read too much into my posts,” Musk said, according to court reports. He reiterated his long-standing claim that Twitter understated the prevalence of fake accounts, asserting the platform had far more than the 5% disclosed in filings, which he called a lie by the company.

On the second day of testimony March 5, Musk doubled down, maintaining that his concerns about bots were genuine and not manipulative. The trial, which began in late February and is expected to continue through mid-March, has drawn intense media scrutiny as it revisits one of the most scrutinized corporate takeovers in recent history. Musk’s testimony has been described as combative, with cross-examination focusing on his social media habits and their market influence.

The case has no direct bearing on X’s current operations, but it underscores ongoing legal and reputational challenges for Musk’s social media venture. X has faced advertiser pullbacks and revenue declines, with recent U.K. filings showing a 58% drop in 2024 operations. Despite this, Musk highlighted record usage on X amid global events, including U.S.-Israeli strikes on Iran that spiked platform engagement to all-time highs.

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Beyond the courtroom, Musk’s attention has shifted to his sprawling empire. SpaceX announced a strategic pivot in February, prioritizing a “self-growing city” on the Moon over immediate Mars colonization efforts. In posts on X, Musk explained that lunar development offers faster launch cycles—every 10 days with two-day travel—compared to Mars’ 26-month alignment windows and months-long journeys. He described the Moon as key to “securing the future of civilization,” while reaffirming Mars plans would begin in five to seven years.

The shift aligns with reports of an uncrewed lunar landing targeted for March 2027 and builds on SpaceX’s Artemis contributions. Musk has emphasized orbital mechanics advantages, positioning the Moon as a stepping stone for broader space ambitions.

Compounding the narrative, SpaceX completed its acquisition of xAI in early February in an all-stock deal valuing the combined entity at $1.25 trillion—SpaceX at $1 trillion and xAI at $250 billion. The merger integrates Musk’s AI efforts, including the Grok chatbot, with SpaceX’s rockets and Starlink satellites. Musk has outlined plans for orbital data centers powered by limitless solar energy, aiming to scale AI beyond Earth-based constraints.

The deal has fueled speculation about a confidential SpaceX IPO as early as March or June 2026, with valuations potentially exceeding $1.75 trillion. Starlink’s revenue growth drives much of the optimism, though details remain limited.

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Neuralink, Musk’s brain-computer interface company, announced plans for high-volume production of its implants in 2026, with a shift to automated surgical procedures to streamline implantation. The company reported 21 participants in trials by late January, focusing on restoring functions like vision and mobility.

Tesla updates include ramped Cybercab testing ahead of April production and potential Tesla Semi expansions at Giga Berlin. Musk has suggested Tesla could lead in achieving artificial general intelligence (AGI) in humanoid form.

Politically, Musk has re-engaged with significant donations to Republican groups ahead of the 2026 midterms, including $20 million to top organizations and $10 million to a Kentucky Senate race. A U.S. appeals court ruling March 4 spared him a deposition related to his role in the Department of Government Efficiency (DOGE) and efforts to dismantle the U.S. Agency for International Development.

Musk’s Texas operations expanded, with a New York Times investigation revealing ties to about 90 entities, many used for political funding and business synergies. He has denied developing a Starlink smartphone, calling related reports false.

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As the Twitter trial unfolds and SpaceX-xAI integration accelerates, Musk’s influence spans technology, space, AI, and politics. His March activities highlight a pattern: defending past decisions while aggressively pursuing futuristic visions, from lunar settlements to brain implants and orbital computing.

With potential IPOs, regulatory hurdles, and ongoing litigation, 2026 remains pivotal for Musk’s conglomerated empire. Observers watch closely as courtroom testimony, corporate mergers, and ambitious announcements shape his legacy and the industries he dominates.

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Hungary’s PM Orban calls extraordinary defense council after explosives found near border in Serbia

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Kalani Artis, Harlan Goode Lead as Australian Idol 2026 Top 6 Favorites Amid Peak Viewership

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Kalani Artis

SYDNEY — As Australian Idol 2026 enters its intense final stages on the Seven Network, 23-year-old Kalani Artis from the Central Coast and 18-year-old Harlan Goode from Queensland have emerged as standout favorites among viewers and judges, fueling nationwide buzz for the singing competition’s 11th season.

The show, which premiered Feb. 2, 2026, has delivered its highest viewership of the year during “Aussie Music Week” episodes, drawing up to 1.79 million national reach and nearly 1 million average audiences per episode — a significant boost from previous weeks and strong growth on the 7plus streaming platform. Judges Marcia Hines, Amy Shark and Kyle Sandilands have guided a talented field through auditions, golden tickets and live performance shows, with the Top 6 now battling for the crown, a $100,000 prize package, recording opportunities and industry support.

Kalani Artis
Kalani Artis

Australian Idol has long launched major careers, from Guy Sebastian and Jessica Mauboy in the early days to more recent winners like Dylan Wright in 2024 and Marshall Hamburger in 2025, who continue touring and releasing music. The 2026 season emphasizes artist development, with contestants participating in songwriting camps, studio sessions and marketing workshops alongside their performances.

Here are the most popular and talked-about Australian Idol stars of 2026 so far, based on viewer votes, social media engagement, performance buzz and media coverage as the competition narrows:

Kalani Artis leads the pack with his soulful, emotive delivery and consistent standout moments. The 23-year-old from New South Wales earned early praise for his audition rendition of Natalie Imbruglia’s “Torn,” which left judges silent in admiration. His haunting cover of Crowded House’s “Don’t Dream It’s Over” during Aussie Week garnered massive online views and comments calling him a potential winner with a unique blend of Harry Styles and Calum Scott vibes. Fans highlight his vocal control, emotional depth and stage presence, with many predicting he will take the title. Kalani’s performances often trend on YouTube and social platforms, reflecting strong public support.

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Harlan Goode, the youngest in the Top 6 at 18, has impressed with powerhouse ballads and raw talent while balancing Year 12 exams. From Redland, Queensland, Harlan brings youthful energy and a big voice that resonates in live shows. Viewers praise his authenticity and growth, with comments noting his ability to command the stage despite his age. His progression through the Top 12 and into the finals has built a dedicated fan base, positioning him as a serious contender for the finale.

Kesha Odeya (also referred to as Kesha Oayda), 21, from Jindabyne in New South Wales, brings a fresh glam transformation and versatile vocals. Hailing from ski country, she has “crushed” performances like Hozier’s “Take Me to Church” and earned standing ovations. Her journey from limited stage experience to confident live-show deliveries has inspired many, making her a popular figure for her relatability and vocal power. Kesha remains in the Top 6, with supporters appreciating her evolution and stage charisma.

Jacinta Guirguis, 25, a former forklift driver from Bacchus Marsh, Victoria, has undergone one of the most visible transformations. Starting with a hoodie-and-work-boot persona, she has blossomed into a confident performer with unique vocal flair. Her renditions have overcome self-doubt, earning judge praise and audience cheers. Jacinta’s story of perseverance resonates widely, boosting her popularity among viewers who connect with her underdog narrative and growth.

Charlie Moon, 31, from Perth, Western Australia, captured hearts early with soulful singing and a signature colorful beanie and specs. His emotional audition dedicated to his late mother created instant buzz. Though eliminated in later stages around the Top 8, Charlie’s performances of classics like Stevie Wonder tracks left lasting impressions. Post-elimination, he has used his platform to raise cancer awareness, maintaining fan affection and media mentions.

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Trè Samuels (often styled as Tre) has been highlighted in fan discussions and performance rankings for strong showings in the Top 12 and beyond. Her powerful voice and stage energy kept her competitive into advanced rounds, with some analyses ranking her highly in winner predictions before eliminations narrowed the field. Trè’s contributions during group and solo spots added diversity and strength to the season.

Other notable 2026 contestants who generated significant popularity include Simela Petridis, a high school teacher and mother whose emotional audition of a Dawson’s Creek theme song moved judge Jessica Mauboy to tears. Simela advanced to the Top 10 but was later eliminated, yet her warmth and vocal beauty earned widespread admiration.

Wanwue Tarpeh, 21, from Melbourne, brought jazz and soul flair with a big personality, advancing far in the competition before elimination. Her swagger and kind demeanor made her memorable. Harry Lamb, 26, a barber from Ballarat, Victoria, was noted as a heartthrob with unique vocals, while John Standley, the young 16-17-year-old from Bunbury, WA, wowed with jukebox classics and standing ovations.

The season’s Top 12 also featured talents like Lily-Grace Grant and others who shone in early rounds but faced tough competition. Fan favorites often cited for strong performances included those delivering Aussie icons tributes during themed weeks.

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Beyond the current season, all-time Australian Idol stars continue influencing 2026 conversations. Guy Sebastian remains a benchmark of success with his enduring career. Jessica Mauboy, a judge and past contestant, exemplifies long-term impact. Recent winners like Marshall Hamburger (2025) and Dylan Wright (2024) stay active with new music, tours and ARIA recognition, showing the show’s ongoing ability to develop sustainable artists.

The 2026 season has emphasized local music and artist growth, with episodes featuring Australian songs drawing record audiences. Executive producers highlight workshops with Sony Music Publishing and other partners as key to preparing contestants for the industry, addressing past criticisms that some Idols faded quickly.

Social media and fan groups buzz with debates over Top 6 predictions, performance rankings and elimination shocks. YouTube clips of standout moments, especially Kalani’s covers, rack up views quickly. The show’s format — blending raw talent, emotional stories and professional polish — keeps viewers invested week after week.

Challenges include balancing viewer votes with judge input and managing the high-pressure live environment. Yet the 2026 cohort is praised for its overall strength, with comments noting it is harder than ever to pick a single winner.

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As the finale approaches, anticipation builds for who will join the ranks of successful Idol alumni. The winner gains not only cash and recording support but also exposure that can launch tours, singles and industry connections.

Australian Idol’s revival on Seven has refreshed the franchise with modern production, diverse contestants and focus on post-show careers. The 2026 season’s high viewership signals continued public appetite for talent discovery and feel-good entertainment.

Whether Kalani Artis claims the crown with his emotive style, Harlan Goode surges with youthful power or another Top 6 member surprises, the season has already produced memorable stars. Their journeys — from auditions to live shows — inspire aspiring musicians across Australia and remind viewers of music’s power to connect and elevate.

Fans can follow remaining episodes on Seven and 7plus, with results shows determining the ultimate Australian Idol 2026. In a year of strong performances and record audiences, the competition underscores the depth of homegrown talent ready for the spotlight.

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Buy These US Steel Stocks Benefiting From Rising Tariffs: Goldman

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OPEC+ mulls "paper" output hike as Iran war paralyzes 15% of global oil supply

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CGW: Global Mix Of Water Utilities And Industrials Lacks Coherent Investment Case (CGW)

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CGW: Global Mix Of Water Utilities And Industrials Lacks Coherent Investment Case (CGW)

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I am an international analyst with a Buffett and Munger inspired approach to investing. My emphasis is on identifying high quality, shareholder-oriented companies which have been unfairly discounted by the market due to short term factors or irrational investor psychology. At the moment, I am particularly interested in legacy businesses considered to be in secular decline in sectors such as remittances, ATMs and tobacco, where cash generative, high yield stocks (often with under-appreciated revenue and earnings growth) are very often unfairly ignored. While emphasizing U.S. stocks, I also cover attractive opportunities within my own country (the UK) and globally.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say

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