Bezos takes on Musk as Amazon launches Starlink rival April 29, 2025 Amazon has launched 27 satellites for Project Kuiper, its long-planned broadband network designed to rival Elon Musk’s Starlink. The satellites lifted off aboard a United Launch Alliance (ULA) rocket from Florida last night, after an earlier attempt was postponed due to bad weather conditions. The launch marks the beginning of Amazon’s deployment of over 3,200 [...]
‘Code red’ for Tesla as Musk’s firm stalls ahead of key earnings April 22, 2025 Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a “code red” moment for Elon Musk’s firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving criticism of Musk’s political involvement, which [...]
Are private markets approaching a tipping point? April 15, 2025 As money continues to pour into private markets, concerns are mounting that the sector is expanding too fast in an unfriendly environment. In recent years, there has been an explosion of interest in private markets, with fundraising doubling over the last decade, leading to $13.1 trillion (£9.9 trillion) in assets under management across the sector. [...]
Filtronic and Computacenter shares jump as UK tech shrugs off tariff concerns April 8, 2025 Investor appetite is shifting toward UK tech stocks as recent trade tensions, aggressive US tariffs, and mounting concerns over stretched valuations in American tech giants have upended the global investment landscape. With Trump’s sweeping tariffs triggering volatility across US markets, many investors are now looking to UK-listed firms for value, growth, and relative geopolitical stability. [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
Elon Musk sells X to his own xAI for £25.5bn in all-stock deal March 29, 2025 Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33bn (£25.5bn) all-stock deal, the billionaire announced. Both companies are privately held, which means they are not required to disclose their finances to the public. Mr Musk said in a post on X that the move will “unlock immense potential by blending [...]
What links Elon Musk, Manchester City and a Chinese crypto tycoon? March 29, 2025 What links Elon Musk with Manchester City and one of China’s biggest crypto tycoons? The answer is an English fitness tech company which counts British tennis star Cameron Norrie among its shareholders and, over the next few days, will be boldly going where no man or woman has gone before. Surrey-based Hytro is the company, [...]
Schiehallion: Value of Spacex stake in Baillie Gifford trust skyrockets March 26, 2025 Baillie Gifford’s Schiehallion trust marked up the value of its holdings in Elon Musk’s Spacex by 86 per cent last year, as the trust worked to close the gap between its share price and underlying assets. The valuation of Spacex, which makes up 9.4 per cent of Schiehallion’s portfolio, has increased by more than 600 [...]
Baillie Gifford slashes Tesla stake as investor calls on Musk to step down March 19, 2025 Baillie Gifford has slashed its stake in Tesla to a record low as a major shareholder has called on CEO Elon Musk to step down from the company. The Edinburgh-based investment manager first invested in Musk’s electric car company in 2013 and has been a strong backer of the billionaire’s firms ever since. However, a [...]
Elon Musk: Protesters outside London Tesla dealership call for boycott March 15, 2025 Protesters gathered outside a Tesla dealership in London have called for people to boycott the Elon Musk owned electric car maker. Organisers are encouraging Tesla owners to sell their cars and for people to dump stock. The electric car giant has already seen shares plunge since the start of the year as the firm comes [...]