News
What happens to Tesla stock when Space X goes public?
2+ day, 9+ hour ago (1386+ words) Tesla has long been a favorite among retail investors drawn in by the company's relentless growth story and its leader's singular presence. For years, the Tesla and Elon Musk faithful have piled into the stock, driving huge gains even when…...
Elon Musk's companies more than doubled their spending on each other last year
1+ week, 2+ day ago (924+ words) And that's before Tesla invested $2 billion in x AI, which it has since converted to a stake in Space X. Tesla just amended its annual filing, offering a clearer look at how much Elon Musk's companies are paying one another. The…...
Space X's compensation plan for Musk is partially tied to creating a permanent human colony on Mars, America's favorite planet
1+ week, 2+ day ago (507+ words) The conditions of Space X's pay package for founder Elon Musk were revealed in a confidential registration statement, which was reviewed by Reuters last week. While the compensation plan, approved by the Space X board in January, includes a sky-high…...
Space X filings reportedly show no one can fire Elon Musk except Elon Musk
1+ week, 4+ day ago (644+ words) The only thing stopping Elon Musk from being chairman and CEO of Space X is Elon Musk, according to Reuters, which viewed an excerpt of the company's IPO filing. The document outlines a dual-class share structure giving Musk control via…...
Altman: We do "weird" things like building massive data centers so there will be "universal prosperity"
1+ week, 6+ day ago (1758+ words) Open AI's CEO spelled out the company's principles for AGI in a blog post. Fresh off a revised agreement with Microsoft MSFT $425. 47 (0. 10%) that makes significant changes to the terms of the contentious $13 billion partnership between the two companies, Open AI…...
Space X thinks its total addressable market is $28. 5 trillion
2+ week, 2+ day ago (628+ words) Space X thinks its total addressable market (TAM) is a whopping $28. 5 trillion for its businesses, according to an S-1 filing for its upcoming IPO reviewed by Reuters. And most of that market isn't rockets. The company says roughly 90% could come from…...
How Elon Musk has shifted Space X's goals ahead of its IPO
2+ week, 4+ day ago (237+ words) The New York Times took a close look at how Elon Musk is reshaping Space X's priorities ahead of its highly anticipated, potentially record-breaking IPO " and what that could mean for the company and its investors. As the NYT's Ryan…...
Report: Tesla's Elon Musk bought $1. 4 billion shares of Space X
2+ week, 5+ day ago (697+ words) In an effort to cement control ahead of Space X's IPO, Tesla and Space X CEO Elon Musk bought $1. 4 billion shares of the rocket company from current and former employees last year, The Information reports, citing the confidential IPO prospectus....
GE Aerospace falls after leaving earnings guidance unchanged
2+ week, 5+ day ago (990+ words) Jet engine maker GE Aerospace slid in early trading Tuesday, as its better-than-expected Q1 results were overshadowed by uninspiring guidance. Q1 adjusted revenue of $11. 61 billion vs. the $10. 71 billion consensus expectation. Adjusted earnings per share of $1. 86 vs. the $1. 60 consensus estimate. But management left…...
ASTS drops after Blue Bird 7 launched into an incorrect orbit
2+ week, 6+ day ago (533+ words) AST Space Mobile dropped 13% in premarket trading on Monday after the space internet company updated that its Blue Bird 7 satellite, carried by Blue Origin's New Glenn vehicle, was put into an incorrect position and will now be taken out of…...