Business of Space: Space junk, a new Martian aurora and a boost for British tech April 29, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: Space junk – an escalating issue A new Martian aurora Investment in British space tech Space junk is getting out of control The soaring number of satellite constellations planned by Elon Musk’s Starlink, taxpayer backed OneWeb and raft of [...]
Elon Musk sells $4bn in Tesla stock amid Twitter takeover April 29, 2022 Elon Musk has sold around $4bn (£3.2bn) worth of Tesla stock, a security filing has revealed, as the eccentric billionaire preps for his Twitter takeover. Musk, the man behind SpaceX, sold the shares over the past few days, adding in a tweet that he does not plan to sale any further shares. Tesla’s shares closed [...]
Elon Musk loses bid to lift screening of tweets about Tesla April 28, 2022 The world’s richest man, Elon Musk, has lost a bid to lift a screening process on his tweets about Tesla. The new owner of Twitter had agreed for his social media posts to be looked at by a lawyer in 2018, and sought to remove the oversight. The entrepreneur, who recently said the electric car [...]
Founder culture is a form of tyranny April 28, 2022 Elon Musk may or may not buy Twitter. It was revealed this week that the sale, apparently agreed, has a $1bn break clause. If that sounds like a lot, remember that $1bn is small change to Elon. By my calculation, it is to him what the membership fee at my local, council-run swimming pool is [...]
Elon Musk’s Twitter deal will spur on efforts to censor online speech – not halt them April 28, 2022 If Twitter turns into a free speech-centric platform, lawmakers and regulators will be emboldened to take greater action against offensive content. On Monday, Twitter accepted Elon Musk’s offer to purchase the social media site for $54.20 per share, a move that will take the company private and enable the tech billionaire to incorporate his own [...]
Twitter takeover: Elon Musk secures his own billion dollar break clause April 27, 2022 Despite sending shockwaves across the business world, Elon Musk could walkaway from his $44bn Twitter takeover for just $1bn. According to a regulatory filing by Twitter on Tuesday, limited damages could be brought by the social media firm if the eccentric billionaire failed to provide the equity financing needed for the deal to go through. [...]
Following worse-than-expected Q1 results, where next for the Alphabet share price? April 27, 2022 A key beneficiary of the covid-19 pandemic tech stock boom, Alphabet (NASDAQ: GOOGL) shares were changing hands for as much as $2,859 just three weeks ago. But after yesterday’s trading update, they sunk to as low as $2,215 in after-hours trading. Despite recovering to $2,305, worse may yet be to come. The Alphabet share price At first glance, Q1 results were [...]
Explainer-in-brief: A mass exodus or sticking around for Twitter anarchy? April 27, 2022 Elon Musk has officially bought Twitter – or as some put it, free speech – for USD$44bn. Not everyone is happy: several high-profile users have promised they will leave the platform, worrying that with no checks in place it will become a place rife with hate, misogyny and offensive content. Because it’s currently such a [...]
Elon Musk wants free speech on Twitter? Time to meet Nadine Dorries April 27, 2022 If Musk thought finding financing would be the most complicated part of the Twitter deal, he hasn’t met Nadine Dorries.
Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]