Elon Musk, the billionaire behind SpaceX, Tesla and social media platform X, is no stranger to the spotlight. In 2024, he dominated headlines with advancements in space exploration, controversial political engagements and sweeping changes to the business formerly known as Twitter.
As 2025 approaches, Mr Musk’s influence continues to be felt across industries, winning admiration and stirring debate in equal measure. SpaceX, his crown jewel, had a groundbreaking year in 2024, largely thanks to Starship, the company’s fully reusable launch vehicle, which is still in development.
His growing sway is also felt in politics as he has the ear of US president-elect Donald Trump, at least for now, as an administration for a second Trump term in the White House is assembled.
Dr Wendy N Whitman Cobb, professor of strategy and security studies at the School of Advanced Air and Space Studies in the US state of Alabama, described the progress as transformative.
“The biggest thing they’ve done this year with Starship is actually get it to a successful launch,” she told The National. “It’s the most powerful rocket ever built, and it underpins a lot of what SpaceX is trying to achieve – making space flight routine and lowering the cost of access to space.”
SpaceX leads the way with Starship's progress
Starship’s success is not only critical to SpaceX’s goals but also to Nasa’s Artemis programme. The rocket will be used in the Artemis 3 mission under a $2.89 billion contract, intended to land astronauts on the Moon this decade.
SpaceX’s dominance in the global launch market is another area where Mr Musk’s influence is undeniable. The company launched more mass into orbit in 2024 than any country, a feat that shows its technical and operational capability. This dominance, however, has raised concerns about stifling competition.
“They’ve essentially put Russia out of the commercial launch business and made it very hard for European launchers like Ariane to compete,” Dr Whitman Cobb said.
“My biggest concern is whether they’ve been so successful that it makes it harder for new players to emerge.”
Radical changes at X (formerly Twitter)
Mr Musk’s achievements in space exploration are often contrasted with his controversial ownership of X. The platform he purchased in 2022 has undergone radical changes since then.
Dr Anabel Quan-Haase, professor and associate dean for the faculty of information and media studies at Western University in Ontario, said there have been ripples from Mr Musk’s style.
“Musk’s management and policy changes at X have given other platforms the impetus to adopt similar approaches to deregulation,” said Dr Quan-Haase, who is also a sociologist that studies social networks and social change.
“Facebook had been under close scrutiny for years from regulatory bodies because of the cyberbullying, harassment and dissemination of misinformation occurring on the site.
“Mark Zuckerberg (co-founder of Facebook and its parent, Meta) had initiated a number of initiatives to counter these concerns, but following the changes at X, Facebook has abandoned these initiatives.”
She said that “Musk has set a precedent” for letting platforms exist in a deregulated ecosystem, where “basically anything goes”.
“This precedent is dangerous and sets the internet back decades to its early history where chat rooms had no norms and rules,” Dr Quan-Haase said.
“Rather than attracting a wide user base in terms of gender, ethnicity and opinion, platforms like X and Truth Social, operate as political echo chambers.”
The changes at X have also had financial consequences. Advertisers have cut spending, wary of associating with inflammatory content.
Meanwhile, some users have sought safer online environment.
“Much of the discourse we see today is characterised as shallow and one-sided, rather than nuanced and well-rounded,” Dr Quan-Haase said.
“Musk’s free-speech advocacy creates an environment where harassment, misogyny and personal attacks are considered acceptable, and rules of civility are reinterpreted as limiting individuals’ rights to freedom of speech.”
Musk's legacy under debate
Meanwhile, space enthusiasts are debating whether Mr Musk’s political activities and management of X are detracting from his legacy as a space pioneer or enhancing it by keeping space exploration in the spotlight.
“I think for a lot of us, space folks, we've sort of batted around the question that if, God forbid, Elon Musk all of a sudden was to go away tomorrow, would SpaceX still be the company that it is?” said Dr Whitman Cobb.
“And I think sometimes we think 'yes', because obviously his attention has been elsewhere, and SpaceX has still been able to succeed.
“But at the same time, SpaceX is so influenced by his goals, attitudes and his perspectives on how to accomplish these things, then I'm not entirely sure that SpaceX would be the same without him. A lot of the success is due to his approach to space flight and how he has run SpaceX.”
With 2025 approaching, Mr Musk is also set for a role at the Department of Government Efficiency, or DOGE, a commission that Mr Trump is planning to launch.
Mr Musk became a leading ally to Mr Trump during his campaign, reportedly spending more than $100 million to help the Republican win and repeatedly boosting Mr Trump's candidacy on X.
The department would “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal agencies”, Mr Trump had said in a statement.
The department “will provide advice and guidance from outside of government,” a move that could allow Mr Musk to avoid disclosing his financial holdings, with critics warning his growing political role could throw up a conflict of interests for the business magnate.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).
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COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
If you go...
Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
The specs
Engine: 3.8-litre twin-turbo V8
Power: 611bhp
Torque: 620Nm
Transmission: seven-speed automatic
Price: upon application
On sale: now
The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
THE SPECS
Cadillac XT6 2020 Premium Luxury
Engine: 3.6L V-6
Transmission: nine-speed automatic
Power: 310hp
Torque: 367Nm
Price: Dh280,000
The specs
Engine: 1.5-litre 4-cyl turbo
Power: 194hp at 5,600rpm
Torque: 275Nm from 2,000-4,000rpm
Transmission: 6-speed auto
Price: from Dh155,000
On sale: now
More coverage from the Future Forum
The specs: 2017 Maserati Quattroporte
Price, base / as tested Dh389,000 / Dh559,000
Engine 3.0L twin-turbo V8
Transmission Eight-speed automatic
Power 530hp @ 6,800rpm
Torque 650Nm @ 2,000 rpm
Fuel economy, combined 10.7L / 100km
Mane points for safe home colouring
- Natural and grey hair takes colour differently than chemically treated hair
- Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
- When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
- Most modern hair colours are technique-based, in that they require a confident hand and taught skills
- If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
How Filipinos in the UAE invest
A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.
Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).
Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.