Valuation of Fortnite creator Epic Games soars to $28bn after lockdown demand March 20, 2021 The owner of two big pandemic winners, Fortnite and Houseparty, has reportedly closed a new fundraising round which brings its valuation to around $28bn. Epic Games is finalising the terms of a $1bn fundraising just seven months after its last round, according to Sky News. Last summer the Houseparty-owner secured a $17.3bn valuation after a [...]
Using AI-powered spacecraft is the only way to clean up space March 17, 2021 In 1978 NASA scientist Donald J. Kessler proposed a theoretical scenario in which the density of objects in low Earth orbit due to space pollution becomes high enough that collisions between objects starts to cause a chain reaction whereby each collision generates more space debris, which then increases the likelihood of further collisions. One implication [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]
Carbon capture: Here’s what you need to know about the Elon Musk-backed tech February 27, 2021 Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that he’s good at picking winners. So when the Tesla and SpaceX founder announced – via tweet, naturally – that he would contribute $100m to the best carbon capture and storage [...]
Elon’s Bitcoin bet hands Jeff Bezos back title of world’s richest person February 23, 2021 Elon Musk is now merely the second richest person alive, after the eccentric entrepreneur’s Tesla ploughed $1.5bn dollars into Bitcoin, which has plummeted in value in recent days. Tesla’s share price has fallen around 25 per cent from its peak, amid sell-off of high-flying technology stocks. Tesla’s fall was compounded still by the fall in [...]
Tesla rival Lucid Motors gears up for $24bn stock market float February 23, 2021 A luxury electric vehicle maker looking to challenge the dominance of Elon Musk’s Tesla is set to go public in a blank cheque deal that will value it at $24bn (£17bn). California-based Lucid Motors has agreed to merge with Churchill Capital IV, a special purpose acquisition company (Spac) set up by former Citigroup banker Michael [...]
Elon Musk risking the wrath of US authorities with Bitcoin tweets February 19, 2021 Tesla boss Elon Musk is sailing close to the wind with his mischievous Bitcoin tweets and could end up falling foul of the law, experts say.
Musk’s mischief sends shockwaves through crypto markets February 10, 2021 Elon Musk has disrupted the cryptocurrency world yet again with Doge tweet
Elon’s Tesla play sends Bitcoin ballistic like one of his SpaceX Falcon 9 Rockets! February 9, 2021 Crypto at a Glance Well, the inevitable indeed happened. After week’s of batted eyelashes, flirty texts, and pumping Doge, Elon Musk finally put up and put out. Musk has boarded the big bus to bitcoin city, population 21 million AND NEVER ANY MORE THAN THAT. via GIPHY That’s right, Elon Musk’s car firm Tesla yesterday [...]
Monkey business: Elon Musk has wired up a monkey to play video games with its mind February 1, 2021 Eccentric biliionaire and boss of Tesla and SpaceX Elon Musk can claim another first after he told an audience his company Neuralink has wired up a monkey's brain to " play video games with his mind"