Disney’s new / old boss has told staff who are working from home to return to the office four days a week from March. Bob Iger said hybrid workers will be asked to treat “Monday through Thursday as in-person workdays”, according to an email, reported CNBC. “As I’ve been meeting with teams throughout the company […]
SpaceX has raised a reported $750 million (€706.7m) in a new funding round. The move values the business at a spectacular $137 billion. The new cash has come from a series of investors, reports CNBC, including private equity venture capital outfit Andreessen-Horowitz, which was founded by Marc Andreessen and Ben Horowitz. As at April 2022, […]
Elon Musk’s SpaceX has again raised cash from its investors. The plan has been on the table since mid-November with SpaceX reported to have offered shares at around $77 (€72.50) per share according to Bloomberg. If correct, then this would value the privately-held business at around $140 billion depending on the value of the secondary […]
Twitter will experience an exodus of users next year and beyond, as new owner Elon Musk makes fundamental changes to the platform. In its latest social network usage forecast, eMarketer’s Insider Intelligence expects monthly Twitter users worldwide to drop nearly 4 per cent in 2023 and another 5 per cent in 2024. Our base assumption […]
Japan-based Mitsui OSK Lines (MOL), a major shipping line, has signed up for broadband connectivity with Elon Musk’s Starlink satellite service. MOL joins other maritime operators, such as Norwegian Cruise Lines, to use Starlink. MOL says it will work with satellite service provider Marlink for this trial of Musk’s technology. While only a trial at […]
SpaceX has unveiled Starshield, a new product and business division aimed at the US military and other government agencies concerned with national security. SpaceX/Starshield taps into Elon Musk’s now well-established mega constellation of low Earth orbiting craft and – helped by the FCC’s permission last week to expand the fleet by an additional 7,500 second […]
SpaceX is reported to be seeking to raise around $1 billion (€0.96bn) in fresh funding in a formal offering. If successful it would value Elon Musk’s business at around $150 billion, a 20 per cent increase in SpaceX’s value. The offering would be aimed at helping employees and shareholders cash out, two of the sources […]
Elon Musk has completed his $44 billion (€44.3bn) takeover of social media platform Twitter after several months of legal wrangling. The buyout saw the immediate exit of the firm’s top bosses – including its chief executive, chairman and finance chief. Musk, officially the world’s richest man, has acquired 100 per cent of Twitter, turning the […]
Elon Musk’s SpaceX has announced that Starlink has launched in Japan, making the country the first in Asia to deploy the broadband-by-satellite service. Starlink will, in particular, tap into potential demand from mountainous areas and remote islands suffering from spotty or hard-to-access internet service. The monthly service fee is 12,300 yen (€86.55) on top of […]
Elon Musk has seemingly changed his mind about buying social media platform Twitter, and is now willing to proceed with his $44 billion (€44.7bn) takeover. In a letter to the firm, Musk indicated he has agreed to pay the price he offered earlier this year before trying to back out of the deal. The reversal […]