Netherlands Defense Intelligence and Security Service (MIVD) obtained access to President Donald Trump's son-in-law, Jared Kushner's hacked iPhone, after recruiting a Russian military intelligence(GRU)'s operative, revealing secret negotiations and financial transfers involving Saudi Crown Prince Mohammed bin Salman (MBS) and UAE President Mohamed bin Zayed (MBZ).

In late 2017, after capturing the GRU hacker, a dark-web specialist in stolen banking data, traveling to the United Kingdom, MIVD sought and received British permission to intercept him upon arrival, gained access to a Russian server containing screenshots of Kushner’s iPhone, then reverse-engineered the vulnerability to monitor his screen activity starting in early 2018.

A tip in 2020, reportedly revealed that via the hacked Kushner’s phone, Dutch intelligence observed him accessing a Dubai-based bank account holding hundreds of millions of dollars that had originated from a bank in Azerbaijan. He reportedly appeared to have moved substantial sums from that account to various individuals, including a warlord, a mercenary, and a former hit man.

Intelligence reportedly showed Kushner accessing secret bank accounts funded with at least $2 billion by MBS and MBZ, including an account at First Abu Dhabi Bank and another linked to Israel’s Central Bank.

The account sat at the intersection of several overlapping ambitions. MBZ reportedly wanted the Trump administration to abandon the Iran nuclear deal; MBS) sought help securing his position as crown prince; and Kushner hoped to advance an Israeli-Palestinian arrangement acceptable to Israel while his family’s real-estate company faced a looming billion-dollar debt on 666 Fifth Avenue.

The hacking allegedly revealed over $700 million in transfers, with funds routed through an Azerbaijani bank to a UAE charity account under the nominal ownership of the Watani Al Emarat Foundation, run by Dherar Belhoul Al Falasi, which Kushner allegedly used to pay for covert operations involving a warlord, a mercenary, and a hitman. The charity also served as a cover for sensitive military and intelligence expenditures.

Kushner and his legal team have categorically denied the claims as "completely insane" and "outrageous fabrications," stating no such bank accounts exist and noting that none of these events surfaced during previous congressional or special counsel investigations.

Tesla reported its third quarter (Q3 2026) revenue of $28.05 billion, slightly beating estimates, while non-GAAP EPS of $0.48 exceeded the $0.43 consensus, despite a 56% year-over-year drop in operating income due to heavy spending on AI and Optimus humanoid robots.

Tesla delivered 486,532 vehicles, with CEO Elon Musk saying demand is "exceeding production by a significant margin," driven largely by Full Self-Driving (FSD) interest. While core automotive revenue fell 3% to $20.56 billion, services and other revenue surged 33% to $4.61 billion, hitting a record gross profit.

“We believe that FSD is driving demand in markets where it is available, and we continue to work with regulators to get it approved in other markets,” the company said in its investor deck.

Ashok Elluswamy, Tesla’s vice president of Autopilot, said on the earnings call that the company plans to give some customer cars access to its forthcoming FSD (Unsupervised) systems around the second quarter of next year.

Auto gross margins rebounded to 18.1%, and overall gross margin expanded by 160 basis points to 19.6%, though high R&D costs suppressed net income.

The Cybercab, Tesla’s two-seat autonomous robotaxi, launched unsupervised service in Austin, Texas, with the fleet growing by a factor of 10 since launch.

Tesla plans to expand the Cybercab fleet to Dallas in November and other cities by year-end, with the Robotaxi service expected to contribute financially in 2027. Musk clarified that the Cybercab will primarily operate as a Tesla-owned transport-as-a-service, distinct from consumer vehicles like the Model 3 and Model Y.

The vehicle utilizes 50% fewer parts than other Tesla models, with production ramping at Giga Texas to support both internal fleet needs and future customer deliveries.

“It’s not like going to move the needle this quarter,” Musk said, “I think it starts to become noticeable in Q2 and then probably a big deal by Q3 or Q4 of next year.”

Barring regulatory intervention and protectionism, Musk predicted that Tesla “will end up doing a majority of all passenger miles on Earth in any country where it is allowed to operate freely.”

Tesla maintains its target of 5 million vehicles per year by 2030, with new factories in Berlin and Reno (Semi) supporting this expansion.

Optimus humanoid robots have entered production, with Musk noting that the AI architecture is still being refined to handle open-ended tasks without pre-programmed exoskeletons. Tesla aims to ship Optimus to customers in about a year, targeting an annualized production rate of 20,000 units per week by mid-2027.

An Optimus video demonstrating non-preprogrammed tasks is expected within a month, and the Tesla AI5 chip integration is slated for April 2027.

Capital expenditure for Optimus and AI compute is rising, with Musk highlighting the massive scale of the Terafab chip plant, which will cost tens of billions in equipment shared with SpaceX.

Tesla returned to positive free cash flow of $1.53 billion, down from $3.99 billion in the prior year, while maintaining $45.4 billion in cash and investments. Musk lowered the annual capital spending forecast to about $20 billion, down from the previous $25 billion+ guidance, citing efficiency in current projects.

SpaceX reported $14.58 billion in Q3 2026 revenue, a 161% year-over-year increase that significantly beat Wall Street estimates of approximately $12.7 billion. The company achieved its first-ever profitable quarter with $4.4 billion in net income and $0.35 in adjusted EPS, driven primarily by explosive growth in its Artificial Intelligence segment, which saw revenue surge 830% to $7.6 billion.

During the livestreamed Q3 2026 earnings call, CEO Elon Musk, President Gwynne Shotwell and CFO Bret Johnsen discussed Starlink mobile, Starship, AI data center buildout and possible SpaceX-Tesla merger.

Musk said that forming a merger with Tesla would be a "good idea" and confirmed that special committees of independent directors have been established at both companies to discuss the tie-up. He cautioned that the merger is not a certainty and noted the high hurdle of requiring a 50% vote of all Tesla shares.

"I do think there’s a lot of merit to combining the companies as we are pretty much in the superintelligence singularity, and there’s a lot to be gained from cooperating,” Musk said, referring to the development of software, chips and more.

“Do I think it would be a good idea? Yes,” Musk said. “But at the end of the day, the shareholders have to be supportive of this.”

Musk said that on the Tesla side, “we will need a 50% vote of all shares -- not just those who vote -- but of all shareholders, and that’s quite a high hurdle.”

The Connectivity segment reported $5.2 billion in revenue with 13.6 million consumer subscribers. Starlink Mobile surpassed 22 million monthly users, with new carrier partnerships activated in countries such as Uganda, the Democratic Republic of Congo, and Costa Rica.

Musk highlighted relentless demand from hyperscalers for SpaceX data centers, citing investments in the Colossus infrastructure and AI offerings like Grok. The AI segment's rapid growth is attributed to cloud services, the acquisition of Cursor, and increased enterprise adoption of Grok. He also said on that SpaceX aims to reach “volume production” of AI chips, now in development with partners Tesla and Intel, during the third quarter of 2028 at the Terafab factory that’s planned in Texas.

SpaceX successfully launched its first revenue-generating Starship mission, deploying 26 Starlink V3 satellites. Musk emphasized the goal of fully recovering the orbital launch vehicle and targeting a crucial orbital refueling demonstration for early 2027.

Johnsen forecasted Q1 2027 revenue between $33 billion and $37 billion, while Musk projected annual recurring revenue could reach $500 billion to $1 trillion by the end of 2027. Capital expenditures came in at $19.59 billion, slightly above estimates but lower than anticipated given the scale of AI investments.

This was SpaceX’s second-ever public earnings report following its June 2026 IPO. The company’s valuation sits at approximately $2 trillion, while Tesla is valued at roughly $1.5 trillion. The shift to profitability marks a significant transition for the spaceflight giant, with its AI and satellite communications units now outpacing its traditional launch services in revenue contribution.