Musk plans 30 per cent retail slice in SpaceX IPO Tech Elon Musk is considering allocating up to 30 per cent of SpaceX’s long-awaited IPO to retail investors, in a break from a standard Wall Street practice for what could be one of the biggest listings in years. The proposed structure, which is not yet final, would give individual investors a far larger share of the [...]
Tesla jumps on Musk’s $20bn AI chip push Tech Tesla shares climbed around 3.5 per cent on Monday after Elon Musk unveiled plans for Terafab, a huge semiconductor manufacturing project aimed at securing chip supply for the company’s next phase of growth. The stock rose to about $381 as investors responded positively to the announcement, as the firm looks beyond electric vehicles into AI [...]
‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan Investing The chair of one of Britain’s oldest investment trusts has urged its shareholders to back its proposed exit plan, saying the board had “exhausted all other options” in its bid to prevent a US activist investor from seizing control of the trust. Jonathan Simpson-Dent told investors that Edinburgh Worldwide Investment Trust (Ewit) remained under “persistent [...]
Here comes Elon: Tesla wins licence to supply electricity in Britain March 12, 2026 Tesla has been granted approval to supply electricity to homes and businesses across the UK, opening the door for the electric vehicle giant to enter the country’s retail energy market. Energy regulator Ofgem confirmed on Thursday that Tesla Energy Ventures Limited, a subsidiary of Musk’s company, has been granted an electricity supply licence by the [...]
Big Tech buries billions in AI debt as bubble fears mount February 19, 2026 Meta is paying roughly $6.5bn (£4.82bn) in extra financing costs to keep $27bn of AI infrastructure borrowing off its balance sheet, a costly accounting choice that captures the mood in Big Tech’s race to build the pipes of AI without spooking investors. The arrangement, known as special purpose vehicle financing (SPV), allows an external entity [...]
Ex-Deepmind executive adds to wave of stark AI warnings February 19, 2026 A former senior executive at Google’s AI branch has warned that the global economy is heading towards a concerning divide between those who control AI and those displaced by it, arguing that governments are unprepared for the scale of change ahead. Dex Hunter-Torricke, who previously led communications at Google Deepmind and has worked for both [...]
Starmer orders tech giants to delete abusive content within 48 hours February 19, 2026 Tech companies will be legally required to remove non-consensual intimate images within 48 hours, or face heavy fines and potential UK blocks, under new measures unveiled by the Prime Minister The proposals, introduced through an amendment to the Crime and Policing Bill, require platforms to act swiftly once content is flagged. Companies that fail to [...]
Musk’s X suffers third outage of the year as thousands report issues February 16, 2026 Social media platform X has been hit by a widespread outage, with thousands of its users reportedly unable to access the site and app. Over 3,000 users in the UK flagged issues shortly after 1pm on Thursday, according to data from Downdetector, while over 40,000 reports were flagged in the US at the height of [...]
Starmer closes chatbot loophole in Online Safety Act February 16, 2026 Sir Keir Starmer is set to target AI chatbots with the UK’s Online Safety Act, warning tech titans that “no platform gets a free pass” following a deepfake scandal involving Elon Musk’s Grok. In a speech on Monday, the Prime Minister is expected to confirm plans to amend the Crime and Policing Bill, so that [...]
Musk’s mega merger raises stakes for SpaceX IPO February 4, 2026 Musk’s decision to absorb xAI into SpaceX may strengthen its growth narrative ahead of a mooted IPO. Or, it could add a trifecta of complexity, regulatory exposure and executive risk at a particularly sensitive moment. The all-stock deal values the combined group at around $1.25 trillion (£910bn), making it the world’s most valuable private company [...]