Billionaire Richard Branson sells off another $300m stake in Virgin Galactic November 16, 2021 British billionaire Richard Branson has sold off a further $300m worth of stock in his space venture Virgin Galactic, taking the total offloaded this year to some $600m. The unlocked capital is reportedly set to be pumped into Branson’s travel and leisure businesses, after emergency pandemic restrictions bruised profits. Shares sank more than four per [...]
Space: Reversing net zero progress or climate saving grace? November 9, 2021 The new space age, dubbed Space 2.0, could unleash a raft of climate benefits, such as real-time modelling – but the carbon-dense sector has environmental advocates nervous. Prince William has criticised the second revival of the space race and emerging space tourism which billionaire’s Richard Branson, Elon Musk and Jeff Bezos have been gunning for [...]
UK satellite company Inmarsat agrees £5.4bn takeover by U.S. rival Viasat November 8, 2021 The British satellite communications company Inmarsat has agreed a $7.3bn (£5.4bn) takeover by the U.S. rival Viasat.
Space race: Amazon seeks approval for 4,538 new satellites November 5, 2021 Amazon owned Kuiper has filed an application to launch 4,538 satellites into space as competition with Elon Musk’s SpaceX heats up. Both Bezos’ Kuiper and Musk’s SpaceX have filed applications to the FCC to allow the companies to build satellite fleets in low-Earth orbit as the tech giants line up to provide tens of millions [...]
Elon Musk says he’ll sell Tesla stock if the UN can show how he can solve world hunger November 1, 2021 Responding to comments from the United Nations World Food Program (WFP) director, David Beasley, who told CNN that global hunger could be solved a “one-time” payment from some of the world’s wealthiest people, Elon Musk tweeted: “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”
Who wants to be a trillionaire? Musk in the race as Tesla profits hit record October 21, 2021 Morgan Stanley analysts believe Tesla’s founder and chief executive Elon Musk could become the world’s first trillionaire after the company’s results hit records, the Telegraph reported. The company’s revenues jumped 57 per cent to $13.7bn, with an operating income of $2bn and a 30 per cent increase in automotive gross margin while its shares more [...]
Prince William calls out billionaire space race October 14, 2021 Prince William has called for billionaire entrepreneurs to focus on solving the climate crisis facing Earth instead of launching themselves into space. During an interview with the BBC William made took a thinly veiled shot at tech entrepreneurs including Elon Musk, Jeff Bezos and Richard Branson who are competing to lead the commercial space travel [...]
Elon Musk to move Tesla HQ from Silicon Valley to Texas October 8, 2021 Elon Musk has announced that Tesla is moving its headquarters from California’s Silicon Valley to Austin, Texas after 18 years in the Golden State. The move comes after Musk butted heads with Californian politicians earlier this year when he branded lockdown restrictions “fascist” after his factories were forced to close. While Silicon Valley is considered [...]
Time to fly: our space highways are just as important for security as those on the ground October 5, 2021 Much has been said about the poor timing of Government announcements, and the launch of the National Space Strategy last week was no exception. As Britain sent the first satellites from European soil in 2022 the country was grappling with fuel shortages and fears of a “winter of discontent”. However, the criticism is little in [...]
Cinema chain boss says he wants to accept Dogecoin as payment method September 22, 2021 AMC Cinema chain CEO Adam Aron says he is now looking into the mechanics of accepting Dogecoin as a means of payment.