Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Tesla shifts gear with $11.9bn revenue despite Bitcoin investment losses July 27, 2021 Elon Musk’s electric carmaker Tesla has edged past analyst forecasts with an $11.9bn revenue in its second-quarter trading, up 98 per cent year on year. Tesla also pulled in $1.1bn in net profits in the 12 weeks to 26 July, the first time it has topped $1bn in a single quarter. While the revenues are [...]
Ofcom targets Musk’s SpaceX and Oneweb with satellite rule revamp July 26, 2021 Ofcom has outlined proposals for tighter rules on the satellite broadband sector in a move that would impact Elon Musk’s SpaceX and British rival Oneweb. Space X and Oneweb are racing to launch constellations of low-orbit satellites that will provide high-speed broadband services to remote rural locations worldwide. While the systems can bring faster speeds [...]
Screenshot: Have Bezos and Branson ushered in a new era of space tourism? July 23, 2021 This week **Media Moment of the Week: Badger, mushroom, snake **Have Bezos and Branson ushered in a space tourism boom? **No more chill for Netflix Media Moment of the Week: Badger, mushroom, snake Want to feel old? The iconic animated badger video (you know the one) is now almost 18 years old. Aside from lamenting [...]
Space-tech: Billionaire Bezos’ flight to space to draw in starry-eyed investors July 21, 2021 Following Amazon boss Jeff Bezos’ 10-minute venture into space yesterday, space-tech investment may be set to rocket, space-fund boss Mark Boggett has said. Just last week Boggett’s space investment firm Seraphim Space listed on the London Stock Exchange after rallying £178.4m from starry-eyed investors in mid-July. “Branson, Musk and Bezos initially cracked open the [...]
BT sets sights on Elon Musk’s SpaceX after Oneweb satellite deal July 14, 2021 BT is eyeing up a deal with Elon Musk’s SpaceX as the telecoms giant looks to adopt satellite technology to roll out the UK’s next-generation broadband network. The blue-chip group has already inked an agreement with British firm Oneweb to explore how satellites could be used to beam internet services to rural areas that are [...]
Billionaire blues: Tesla’s Elon Musk says he hates his job July 13, 2021 He is one of the richest people in the world and has a vast following on social media, but Tesla boss Elon Musk has revealed he does not like his job. Appearing in a US court the Tesla tycoon said: “I rather hate it and I would much prefer to spend my time on design [...]
Elon Musk ‘ready’ to pump staggering $30bn in Starlink’s satellite internet venture June 30, 2021 Elon Musk said late last night that his Starlink venture was “growing rapidly” as he forecast total investment costs in the satellite internet business at between $20bn and $30bn. Watch the full report.
Elon Musk’s space broadband service Starlink to go public once revenue is ‘predictable’ June 24, 2021 Elon Musk’s satellite-based broadband service Starlink, part of his space venture SpaceX, will go public once its revenue is ‘reasonably predictable’. Taking to Twitter, Musk – who sits at the helm of several high-tech companies – added that “going public sooner than that would be very painful”. SpaceX is building a new factory in Texas [...]
US investigates leaked records alleging billionaires including Musk and Bezos pay little tax June 9, 2021 The Treasury Department has asked authorities to investigate tax records cited in a media report that showed some of America’s richest people paid little to no income taxes. US media outlet ProPublica said it obtained a “vast trove of Internal Revenue Service data” on the tax returns of thousands of the nation’s wealthiest people, covering [...]