Business of Space: A peak at NASA’s increasingly lucrative commercial deals June 3, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Next generation spacesuits SpaceX vs Boeing This weekend’s launches Next generation spacesuits Axiom Space and Collins Aerospace have been tasked with building the next generation of spacesuits for NASA, as the US agency looks to get boots on the Moon. The [...]
Back to work: Musk tells Tesla staff to return to offices or face the sack June 1, 2022 Elon Musk has weighed in on the working from home debate, urging Tesla staff to get back to the office.
As Johnson squirms, his party must remember the roots of Conservatives values June 1, 2022 Boris Johnson has strayed very far from Conservative ideals
Explainer-in-brief: Behind a Twitter takeover that looks like a soap opera May 30, 2022 When Elon Musk decided to buy Twitter, the Internet went crazy. Some were celebrating the billionaire’s penchant for protecting free speech, others were scared that Twitter would turn into a hate speech nightmare. Now the saga has taken a different turn, with Musk being sued by Twitter investors for driving down the share price of [...]
US financial watchdog raises questions around Musk’s Twitter stake acquisition May 28, 2022 The US Securities and Exchanges Commission (SEC) has cast doubts over the legality of Elon Musk’s failure to properly disclose his acquisition of a 9.2 per cent stake in Twitter for $2.6bn, before launching his bid to takeover the social media firm. In an April 4 letter to the richest person in the world – [...]
Twitter shareholders sue Elon Musk over ‘illegal’ bid May 27, 2022 Twitter’s shareholders have sued serial entrepreneur Elon Musk over his “illegal” takeover bid. Investors said that Musk’s decision to put on hold his initial $44bn bid brought Twitter’s value down, allowing him to either walk away from the deal or negotiate a lower price. The billionaire initially announced his intention to buy Twitter in late [...]
The City View: Victoria Scholar on Sunak’s windfall tax and Cowgill exit May 26, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through Rishi Sunak’s unveiling of a windfall tax today, the Fed’s plans to hike rates by 50 basis points in June and July, Elon Musk’s painfully slow acquisition of Twitter, and JD Sports founder and CEO Peter Cowgill’s shock departure [...]
Space SPACs: Uncertainty surrounds the mega-IPOs of the future May 26, 2022 The climate and energy crisis on Earth has markets rattled, but could investors be wooed by the plan to put nuclear energy plants on the moon and make humans interplanetary? Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, and satellite spinoff Starlink, have been pegged by analysts to be the mega-IPOs of the future for [...]
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
The tech tumble strikes again: Social media firms set to lose £112bn following Snap warning May 24, 2022 Snapchat's parent company's shares tumbled nearly 40 per cent in early morning trading, after the company warned against dwindling revenues and slowing recruitment.