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 [...]
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. [...]
So what’s the plan, Elon? April 26, 2022 PLENTY of people have laughed at Elon Musk over the years, and often it’s the eccentric billionaire that’s had the last laugh. At various points, everything from Tesla to SpaceX has been written off – but even with a track record of proving critics (mostly) wrong, his anticipated acquisition of Twitter looks an almighty risk. [...]
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Twitter sale could be agreed as early as today as Elon Musk enters ‘final stretch’ of negotiations April 25, 2022 Twitter is in the final stretch of negotiations in its sale to Elon Musk, with a deal potentially being reached as early as today. As reported by Bloomberg, the social media firm is hammering out the terms of a transaction, according to inside sources. On April 14, the eccentric billionaire announced an offer to buy the [...]
It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
First commercial astronauts to return to Earth after string of splashdown delays April 24, 2022 The world’s first commercial astronauts are due to return to Earth tomorrow, after several splashdown delays over poor weather. The Ax-1 crew, which consists of three high-paying customers via commercial space firm Axiom and two space veterans, will be spend another night on the International Space Station (ISS), NASA confirmed last night. After spending a [...]
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]
Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]