The daily business briefing: January 8, 2024

Elon Musk's alleged drug use reportedly concerns executives at his companies, Boeing shares drop after midair blowout, and more

Elon Musk
(Image credit: Antonio Masiello / Getty Images)

1. Report: Investors, executives concerned about Musk's alleged drug use

Elon Musk's alleged use of drugs — including LSD, cocaine, ecstasy, psychedelic mushrooms and ketamine — has become a concern for some executives at the Tesla and SpaceX CEO's companies, The Wall Street Journal reported over the weekend. People close to Musk told the Journal they worried his drug use could result in a health crisis or damage his companies. Illegal drug use could violate federal policies and threaten SpaceX government space-flight contracts worth billions of dollars. Musk is a big part of the value of the companies, which employ tens of thousands of people and represent about $1 trillion in investor assets. A Musk lawyer said the billionaire is "regularly and randomly drug tested at SpaceX and has never failed a test." The Wall Street Journal, Fortune

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.