July 13th saw a secondary sale of shares from existing investors with stock priced at $81 per share, and a modest rise over the most recent cash-raising which saw shares sold at $77. A total of $750 million in new cash was raised in the offering exercise according to a CNBC report, meaning that the […]
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 […]
Northern Sky Research (NSR) has cast its eye over a new scheme which brought together mega-satellite operator SpaceX along with cellular giant T-Mobile to deliver two-way connectivity between SpaceX and mobile users around the world. NSR, in a note to clients, said “this will be an innovative additional feature for the network, but also asks […]
Ardent Apple watchers are expecting an announcement today [August 31st] of its iPhone 14 along with the usual three or four variants. That’s probably a given with widespread gossip that the phones are already en route to the stores in readiness for a September 7th availability. But there’s another strong rumour circulating which suggests that, […]
Brendan Carr, an FCC Commissioner, has come out with a strongly worded statement saying that the FCC was wrong to reverse its former granting of Elon Musk’s $886 million infrastructure award. The cash reflected SpaceX’s bid for part of the FCC’s massive $20.4 billion rural broadband subsidy scheme. Musk’s bid stated SpaceX would provide broadband […]
A US judge has ordered that Twitter’s lawsuit against Elon Musk will go to trial in October, despite Musk’s request for a delay. Musk backed out from his $44 billion (€43.1bn) bid to buy Twitter in early-July, prompting the social media company to sue him. Twitter is hoping that the court will order Musk to […]
Elon Musk’s SpaceX is launching a new funding round and aiming for around $1.72 billion (€1.5bn) in fresh cash at $70 per share. It would take SpaceX’s valuation to about $127 billion. SpaceX is still a private company and despite numerous rumours of a potential IPO has – to date – steered clear of a […]
SpaceX successfully placed another 53 of its Starlink broadband satellites into their transfer orbit on April 21st. A few minutes after its 17.51 UTC launch, the Falcon 9 booster landed on the operation’s floating barge ‘Just Read The Instructions’ ready for future re-use. SpaceX, as well as a high-intensity schedule of scientific and NASA-related satellite […]
Elon Musk will not be joining the board of Twitter, the company’s chief executive Parag Agrawal has confirmed. Musk’s appointment was due to become effective on April 9th after he acquired a 9.2 per cent stake in the social media platform last week. However, Agrawal tweeted: “Elon shared that same morning that he will no […]
Elon Musk has taken a 9.2 per cent stake in social media platform Twitter, according to a US securities filing. The announcement sent Twitter shares soaring by more than 27 per cent in New York trading on April 4th. The SpaceX and Tesla CEO owned 73,486,938 shares in the social media platform as of March […]