“SpaceX is building floating, superheavy-class spaceports for Mars, moon & hypersonic travel around Earth,” SpaceX CEO Elon Muskposted on Twitter(when it was still Twitter) in 2020. SpaceX eventually abandoned this project and sold the rigs, though Gwynne Shotwell, its president...
Billionaire Elon Musk (in the black hat) and his brother, Kimbal Musk (in the white hat), join in a rendition of “My Little Buttercup” at the SXSW festival in Austin, Texas. (SXSW via YouTube) SpaceX is building its first Mars transport vehicle,also known as the BFR, and “making...
“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk tweeted Monday, responding to a Twitter user questioning Starlink’s price. “Every new satellite constellation in history has gone bankrupt. We hope to be ...
Marc Trzepla Engaged , Sep 28, 2022 Copy link to clipboard Dear Adobe,Me again. Please stop everything that you're doing with the development of new bells and whistles and doodads and put all your resources and firepower into resolving the years-old issue of the Slow and Laggy Interface ...
6 SpaceX, which began developing its Starlink constellation in 2015, has deployed more than 2,400 satellites as of June 2022 and now has more than 400,000 subscribers globally.7 Beyond these big names, many new players have entered the race (for more, see sidebar, “Current and planned ...
The common stock portion of the dual-purpose fund can be incredibly profitable if its stocks grow in value while the fund exists, but owners will receive no additional income from their investments. If the stocks don't perform well, they stand to lose a great deal of money. These investors...
Future missions by SpaceX, Blue Origin, and DARPA-aligned university research hint at space–Antarctica collaborations. The location offers ideal testbeds for off-world biospheres. Could the South Pole serve as a staging ground for planetary colonization experiments—or worse, off-ledger genetic expe...
Now, it's had to discontinue its partnership with Kanye West (who is legally known as Ye) over his anti-semitic comments, costing the company$250 milliontowards its net income given that it no longer wants to sell the highly profitable Yeezy line of sneakers. Adidas did react a lot more...
Baron is still bullish on both. He stated, “We expect Tesla and SpaceX to each become substantially larger, more profitable and much more valuable during the next 10 years.” Ron Baron’s motto is “we invest in people, not businesses.” (“Maxims of Wall Street,” p. 157). ...
Raising venture capital does not confer success upon a startup; building a large, growing and profitable business does. Regardless, given how startups are often built and run, venture capital activity can provide a useful proxy for a startup’s accomplishment, as it provides a measurement for...