Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Monday 14 October 2024 8:38 am

Elon Musk snub from UK investment summit defended by government

By: Jess Jones

TMT Reporter

Add as a preferred source on Google
Elon Musk, chief executive officer of Tesla Inc., closes his eyes for a moment of silence, during a campaign rally for former president Donald Trump. Photographer: Justin Merriman/Bloomberg via Getty Images
SpaceX's decline knocked Musk back below the trillionaire mark

Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government’s international investment summit due to his tendency to avoid such events. 

Previous reports suggested Musk, the owner of X and Tesla, was omitted from the guest list following controversial social media comments he made regarding Britain’s summer riots, where he controversially claimed civil war was “inevitable.”

In response to the snub, Musk recently said on X: “I don’t think anyone should go to the UK when they’re releasing convicted pedophiles in order to imprison people for social media posts.”

However, in an interview with Times Radio this morning, Kyle said: “Elon Musk has never come to any of the past investment summits that have been held under the previous government, he doesn’t tend to do these sort of events, but I stand absolutely ready to engage with him, to talk about any potential global investments he’s making – I’m not aware of any at this moment in time.”

He added that “we have good engagement with some of his companies” and praised Musk for the safe landing of his booster rocket yesterday.

On Sky News today, Kyle also denied that Musk was not invited because he called the prime minister “two tier Kier”.

The international investment summit, taking place today, will see Prime Minister Keir Starmer pledge to slash red tape that is hindering investment in the UK.

Australian infrastructure giant Macquarie is expected to announce £20bn in new investment in the UK, and total pledges from businesses at the summit could reach as high as £50bn. 

High profile speakers at the event include Blackrock boss Larry Fink, former Google chairman Eric Schmidt, ex-England manager Gareth Southgate, and Aviva chief Amanda Blanc. 

X did not immediately respond to a request for comment.

Read more

Elon Musk becomes world’s first trillionaire after SpaceX mega float

Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

People & Organisations

  • elon musk
  • Investment Summit
  • Keir Starmer
  • Labour
  • UK Government

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Brewdog chief executive quits after only one year

  • Nothing fails to file accounts months after dissolution threat

  • UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

More from City PM

  • Elon Musk becomes world’s first trillionaire after SpaceX mega float

    Wealth
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • SpaceX kicks off bond sale as it looks to begin mass borrowing spree

    Markets
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Will the SpaceX IPO send retail investors into orbit?

    Investing
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes
  • Musk brands UK a ‘police state’ as Big Tech rebels against Starmer’s social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts
  • Space X bumps back to earth as analysts slash value 

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • SpaceX lands record $75bn raise as Wall Street braces for mega debut

    Tech
    Tech billionaire Elon Musk has been asked to serve in Donald Trump’s cabinet. (Photo by Apu Gomes/Getty Images)
  • ‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO

    Investing
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • Space X to allow British investors to buy into blockbuster IPO  

    Investing
    Elon Musk's SpaceX IPO

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy