Tech billionaire <keyword id="6355315" type="General" weightage="20" keywordseo="elon-musk" source="Orion">Elon Musk</keyword> took to Twitter on Monday to announce that his aerospace manufacturing firm SpaceX will try to catch largest-ever flying object with robot chopsticks. "SpaceX will try to catch largest ever flying object with robot chopsticks. Success is not guaranteed, but excitement is," Musk wrote while sharing a clip from movie 'The Karate Kid'. In the clip one can see two leading actors from the film trying to catch a fly. "Good Luck. Regardless of results, this is going to be absolutely incredible. Every small inch towards progress being made," a user replied. "This is beyond sci-fi we have not seen anything like that in the movies," another user added. Earlier on Sunday, the SpaceX chief in reply to a tweet that tagged him said he is an alien. A Twitter handle called '<keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword> Owners of Silicon Valley' shared a short video of Musk from a conference in which someone had asked him about the existence of aliens and captioned it as "Is Elon Musk an alien?" "Of Course," Musk replied. Meanwhile, Musk's space venture SpaceX on Sunday shipped ants, avocados and a human-sized robotic arm to the International Space Station. The shipment of supplies and experimental materials is expected to reach the ISS on Monday. It is the private space agency's 23rd launch for NASA since 2011. The Dragon is also carrying fresh avocados, lemons and ice cream for the seven astronauts currently living on the laboratory orbiting 253 miles above the Earth. In February 2018, a Falcon Heavy test flight carried a 2008-model Tesla Roadster into space, and it's now in a year-long orbit around the Sun. SEE ALSO <a href="https://www.businessinsider.in/science/health/news/mukesh-ambanis-reliance-life-sciences-gets-approval-to-conduct-trials-for-its-covid-19-vaccine/articleshow/85677741.cms">Mukesh Ambani-owned Reliance Life Sciences' COVID-19 vaccine — here's all we know so far</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-is-the-casualty-of-jlr-struggling-due-to-the-global-chip-shortage-and-a-lacklustre-ev-vision/articleshow/85652897.cms">Tata Motors is paying the price because Jaguar Land Rover has been slow in the EV race</a>

Elon Musk's SpaceX to use robot chopsticks to catch 'largest-ever flying object'

<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword> is the second richest person in the world. He's currently valued at over $176 Billion.</li><li>Between April 2020 and April 2021 Elon Musk made $383,000,000 per day on average.</li><li>His current $176B worth could buy him 5,503,710 Tesla Model 3s.</li></ul>Following is a transcript of the <keyword id="21654" type="COMPANY" weightage="100" keywordseo="video">video</keyword>:This is a graph of Elon Musk's wealth to date. Every single day, this graph fluctuates, sometimes by <keyword id="1088725" type="PERSON" weightage="60" keywordseo="Billions">billions</keyword> of dollars. This point here, near the very bottom of the graph, is roughly $10 billion.That's the GDP of Malawi. This was three years ago. This is the market cap of Ford, the GDP of Puerto Rico, the market cap of McDonald's, Kazakhstan's GDP, and this, at the very top, that's $210 billion. That's the current GDP of Greece.That's every single thing that Greece produces in a year, one billion tons of tomatoes, 500 million tons of watermelons, all of their cheese, wheat, oil, the entire tourism industry, and every single other good and service across the country.But one thing this graph doesn't get across is just how fast this rise has been. Here's the same graph over a much longer period. Again, here's McDonald's, Ford, and Kazakhstan. Compare any of these to Elon Musk's line and you can see his growth is almost vertical. So let's take a closer look to find out what that growth means.So to get a better understanding of this graph, it really helps to know what this worth actually is. Musk's wealth is made up mostly of the stocks he owns, the majority of them in Tesla. In fact, if you draw a graph of Tesla's stock over the top of his wealth, you can see it's almost exactly the same.So this is just Tesla. For comparison, here are the two biggest car companies in the world, VW and Toyota. You can see see how out of balance this is with production. VW made eight million cars last year, Tesla made 500,000. Putting Musk's wealth back in the same scale, you can see the point where his personal wealth overtook VW in August last year, and briefly overtook the value of Toyota.This spike follows a similar trend to past bubbles. For comparison, here's the gold bubble of 1979, the Japanese housing crash, which the country has never recovered from, and the .com bubble in percentage increases. Here's Tesla. So let's go back to just Elon Musk's graph. Getting an exact figure on his worth is difficult, as his private wealth is, well, private, and everyone calculates their estimates slightly differently but to get an understanding of just how rich Elon Musk is, it helps to understand the value of a billion.Let's compare distance. Traveling one million miles would get Elon Musk 1/34 of the way to Mars, even at its closest point in orbit. One billion would get you there 29 times, but this is just one billion. Musk's current 176 billion in miles would be 5,104 trips.This is just April, 2020, to April, 2021. And over the course of this year, Elon Musk's wealth has gone from 30 billion to $172 billion. That's a rise of 383 million per day. This much, every single day for a year. Even when compared to the recent rapid growth of other US tech billionaires, like <keyword id="45830" type="PERSON" weightage="60" keywordseo="Bill-Gates">Bill Gates</keyword> or <keyword id="191583" type="PERSON" weightage="60" keywordseo="Jeff-Bezos">Jeff Bezos</keyword>, his wealth has really taken off in the last year.This specific section though is even more dramatic. This almost vertical line is a five-day period where Elon Musk suddenly became the richest person in the world as his wealth jumped by $39 billion. This amount alone would make him the 35th richest person in the world, just beating Giovanni Ferrero and family, the owners of Nutella.That one week of earnings could buy Musk the New York Yankees, the Dallas Cowboys, the LA Lakers, the Toronto Maple Leafs, Manchester United, and once he's run out of big sports teams to buy, enough Boeing 747s to start an airline. But that's just five days of growth.His total wealth would buy him a lot more. If Elon Musk was to cash in on this $172 billion worth, he could buy himself 5,030,710 Tesla Model 3s. That's more cars than exists in Sweden. Those cars, bumper to bumper, would take up so much space that they would stretch 11 kilometers long and four kilometers wide, enough to cover almost the whole of Manhattan.If he wanted to actually access the cars, he would need to also flatten a large area of New Jersey and Brooklyn to construct the world's largest car park. And if he didn't want to invest in Teslas, he could buy almost four million Bitcoins at $40,000 each, almost 20% of the world's supply, or if he wanted a less volatile investment, a 5.5 meter solid block of 24 karat gold. Gold is really expensive.And that $172 billion would be enough to buy him the world's third largest army, bigger than Russia and India's armies combined. But this isn't just a static number. If the trajectory of the last year was to continue, that would make Must a trillionaire in just five years.But with his current investments, that would mean that Tesla would likely have to be valued at over $3 trillion by that point. Another 10 years from now and Musk would hit two trillion, more <keyword id="6354840" type="UNKNOWN" weightage="60" keywordseo="money">money</keyword> than there is currency circulating in the US, and larger than the whole of the current FTSE 100.But for Musk to reach this incredible value, Tesla may have a problem keeping up with demand. To maintain this growth, Tesla is going to have to start building a lot of new cars, "20 million of them by 2030," according to Elon Musk, and 20 million cars are going to need a lot of batteries.It's predicted that EVs will need the equivalent of 225 billion iPhone 11 batteries by 2030. That's 100 times the amount of iPhones ever sold. These batteries need materials. Here's the estimated supply of lithium in the world, and here's what we're going to need to sustain this growth, which means in just five years time, this demand could completely outstrip supply.And soon after that, we could run out of lithium entirely. There are other questions around whether this growth is sustainable, not just feasibly, but ethically too.As the extreme wealth of Elon Musk and other billionaires has grown, and the income of the bottom 50% of Americans has shrunk, it's a problem that's hard not to raise. But there's another thing that could slow Elon's rapid growth in future, taxes. The highest marginal tax rate in the US is currently incredibly low, not just compared to other Western countries, but also compared to the US's recent history.And here's another interesting correlation. Here's a graph of Union Membership in America, the thing Musk broke labor laws tweeting about a few years ago according to the NLRB, but that's not important for now. Currently, the income disparity between billionaires like Musk and the bottom 50% of Americans is at a similar point to 1930. And that period led to a huge 40% income tax hike, followed shortly by another 13% hike, and another 20% increase during the war.And if taxes were to once again follow this trend, this inequality could be addressed before it gets even further out of hand. But with the current plan to raise the top tax rate by just 2.6%, this graph may not be changing for a while. Thanks for watching. Let us know in the comments if there are any other stories you want us to cover and make sure you subscribe for more <keyword id="6355729" type="ORGANIZATION" weightage="60" keywordseo="data">Data</keyword> on Data.

Here's Elon Musk's wealth compared to everything, from McDonald's to Kazakhstan

<ul class="summary-list"><li><keyword id="6355629" type="DEFINITION" weightage="60" keywordseo="google">Google</keyword> is to invest $4.5 billion into Indian internet company Jio Platforms, Google chief executive Sundar Pichai confirmed on Wednesday.</li><li>Jio Platforms owns <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>'s biggest telecoms provider <keyword id="6354504" type="DEFINITION" weightage="60" keywordseo="reliance-jio">Reliance Jio</keyword> as well as a suite of homegrown apps such as Zoom rival JioMeet.</li><li>The investment gives Google a 7.7% stake in Jio Platforms, providing the deal is cleared by India's regulators.</li><li>Reliance Jio's founder, Mukesh Ambani, is currently the sixth-richest man in the world, with a net wealth of $72.4 billion.</li></ul>Google will invest $4.5 billion in disruptive, popular Indian internet firm Jio Platforms, the company <a href="https://blog.google/around-the-globe/google-asia/bringing-internet-access-millions-more-indians-jio">confirmed on Wednesday</a>.The deal gives Google a 7.7% stake in the company, pending approval by Indian regulators.The two firms plan to develop an entry-level Android phone that could bring millions more Indian users online.Google CEO Sundar Pichai, announcing the deal on Wednesday, <a href="https://twitter.com/sundarpichai/status/1283332612308627456">tweeted</a>: "Everyone should have access to the internet. Proud to partner with <a href="https://twitter.com/reliancejio">@reliancejio</a> to increase access for the hundreds of millions in India who don't own a smartphone with our 1st investment of $4.5B from the <a href="https://twitter.com/hashtag/GoogleForIndia?src=hashtag_click">#GoogleForIndia</a> Digitization Fund."A subsidiary of Indian conglomerate Reliance, Jio Platforms owns India's biggest mobile operator Jio, which has a subscriber base of 369.93 million and more than 30% market share.Jio Platforms also owns a suite of homegrown internet apps, including Zoom rival JioMeet and music streaming service JioSaavn.The funding is part of a slew of Google initiatives in India. CEO Sundar Pichai recently held a video call with Indian prime minister Narendra Modi. And the $4.5 billion cash injection comes from a new <a href="https://www.businessinsider.com/google-alphabet-india-health-agriculture-education-tech-ai-sundar-pichai-2020-7?r=US&amp;IR=TIR=T">$10 billion fund that Google plans to invest in India</a>.Pichai is also friendly with the founding family behind Reliance Jio, the Ambani family, attending scion Akash Ambani's wedding in Mumbai in 2019.Other major tech firms have already invested billions in Jio Platforms. <keyword id="6354576" type="UNKNOWN" weightage="60" keywordseo="facebook">Facebook</keyword> announced a $5.7 billion investment <a href="https://www.businessinsider.com/facebook-invests-in-jio-india-mobile-internet-service-2020-4?r=US&amp;IR=TIR=T">in April</a>. Qualcomm announced this week <a href="https://edition.cnn.com/2020/07/13/tech/qualcomm-reliance-jio-investment-intl-hnk/index.html">it was investing around $100 million</a>, while Saudi Arabia's Public Investment Fund, KKR, Vista Equity Partners, and many others have invested billions in recent months.<h2>The 'Jio effect' has had a huge impact on Silicon Valley</h2>Jio's rise in India has been meteoric.The Reliance subsidiary has brought millions of Indians online for the first time over the past four years by offering free or incredibly cheap 4G data.This wave of new internet users has benefited the likes of Google and Facebook, both of which are experiencing saturation in the West and are increasingly looking at Asia and emerging economies to provide their "next billion users." Facebook explicitly called out the positive effect of cheap data plans in emerging economies on its user growth back in 2016, and repeatedly describes India is its fastest-growing market.<a href="https://www.businessinsider.com/reliance-jio-millions-of-indians-online-reshaped-internet-2019-8?r=US&amp;IR=TIR=T">As Business Insider previously reported</a>, one side effect of millions of new Indian users flooding the internet was the dethroning of popular gaming YouTuber PewDiePie as the top creator on the platform. He was replaced by T-Series, an Indian record label that garners hundreds of millions of views by posting Indian music videos to YouTube and is little-known outside the country.Meanwhile, Reliance chairman Mukesh Ambani is now the sixth-richest person in the world, per <a href="https://www.bloomberg.com/billionaires/">Bloomberg's Billionares Index</a>, surpassing Tesla CEO Elon Musk with a net wealth of $72.4 billion.

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Elon Musk's SpaceX to use robot chopsticks to catch 'largest-ever flying object'

IANS

Here's Elon Musk's wealth compared to everything, from McDonald's to Kazakhstan

Charlie Floyd

Google is investing $4.5 billion in India's mobile internet giant Reliance Jio and the 2 will make a new affordable Android phone

Shona Ghosh