| Getty Images Some months back, a video popped up on LinkedIn showing two seemingly identical wood boards side by side. Next came two identical sledgehammers crashing down in unison. One board was immediately smashed into shards while the other absorbed the blow, bounced ever so slightly, and then returned to its original state. The…
(Photo by Joe Raedle/Getty Images) Getty Images Key takeaways SpaceX is reportedly raising $750 million in a new funding round that values the company at $137 billion. It comes as Founder and CEO Elon Musk comes under pressure from shareholders as Tesla’s stock price falls almost 70% in 2022. The new investment is expected to…
Harold M. Lambert/Getty Images The IPO market for tech companies in 2022 was the worst in many years. Here are the startup unicorns and dark horse plodders that investors are hoping can heat it back up. Additional reporting by Kenrick Cai, Alex Knapp and Iain Martin The year 2022 was largely a write-off for…
CEO of Tesla, SpaceX & Twitter No. 1 Rank on 2022 Forbes 400 List $222 B Net Worth as of Nov. 1, 2022 AGE: 51 | SOURCE OF WEALTH: TESLA, SPACEX | SELF-MADE SCORE: 8/10 | RESIDENCE: AUSTIN, TEXAS | CITIZENSHIP: UNITED STATES | MARITAL STATUS: SINGLE | CHILDREN: 10 | EDUCATION: BACHELOR OF ARTS/SCIENCE,…
Ron Baron (left), chief executive of the Baron Funds family, interviews Elon Musk, the CEO of Tesla … [+] and now Twitter, at the 29th Baron Investment Conference last Friday at New York’s Metropolitan Opera House in Lincoln Center. Lawrence Carrel On the day Elon Musk took over Twitter and fired half its staff, he…
Global network and satellite data exchange 3D rendering elements By Adobe Stock -sdecoret Thanks to major providers such as Viasat (NASDAQ: VSAT), Avanti, YahSat, SpaceX, OneWeb, Geespace, Telesat (TSX: TSAT.TO) and Amazon AMZN (NASDAQ: AMZN) , the remainder or the world’s unconnected regions will soon come online through innovative satellite technology. The market for satellite…
(Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Technology stocks is in a rut. Investors are worried the sector has been in a bubble since the 2020 pandemic, and that the current weakness is the start of a great reckoning. Analysts at Morgan Stanley on Tuesday drew comparisons to…
Topline “You, little devil, are still young,” the head of Russia’s space program said in response to Musk’s … [+] challenge. Patrick Pleul/POOL/AFP via Getty Images Key Facts “I hereby challenge Vladimir Putin to single combat,” and the “stakes are Ukraine,” Musk said in a Twitter post Monday morning, using the Russian alphabet to write…
Topline Space companies including SpaceX and Sierra Space received nearly $15 billion of private investments in 2021—including a whopping $4.3 billion in the fourth quarter, a record-setting year for a booming industry as investors continue to bet on the “space economy.” An illustration of the SpaceX Starship human lander that will carry NASA astronauts to…
Getty Images Is the space race worth getting in on—or are the investors in it simply stuck with their heads up in space? Whether or not you believe in UFOs or extraterrestrial life on other planets, while NASA (and now civilians) explore the universe, the space-specific stock market is something for you to explore. In…