Every company that manages to dominate a market eventually needs something it can never admit it wants: a real rival. Competition is what keeps a leader on its toes, keeps customers from feeling trapped, and keeps regulators from spinning their wheels. A monopoly looks great on a spreadsheet and terrible in a headline. For most…
When Jeff Bezos’ New Glenn rocket burst into a fireball on a Cape Canaveral launch pad late on May 28, the quickest reaction came from its main rival. “Very unfortunate. Rockets are tough,” Elon Musk wrote on X. (1) Must read It was a rare solidarity between two billionaires who have spent a decade trading…
Quick reading Intel (INTC) has existing U.S. manufacturing plants, decades of semiconductor experience, tens of thousands of engineers and deep ties to Washington — assets that could accelerate construction of a planned $122 billion SpaceX semiconductor factory much faster than building new facilities from scratch. Nvidia’s (NVDA) data center revenue rose 92% year over year…
By Echo Wang and Anirban Sen NEW YORK, May 15 (Reuters) – SpaceX, Elon Musk’s rocket and satellite maker, aims to list its shares as soon as June 12 and has chosen the Nasdaq as the trading venue for its successful market debut, people familiar with the matter told Reuters on Friday. The listing, one…
(Bloomberg) — OpenAI’s Sam Altman testified that he was “extremely uncomfortable” with Elon Musk’s insistence on having full control over a proposed for-profit subsidiary of the startup in 2017. Bloomberg’s Most Read Altman told jurors Tuesday that Musk said he only wanted control of the entity in its early days, but that the billionaire was…
By Ross Kerber April 28 (Reuters) – SpaceX’s board of directors approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company’s ambitions: colonizing Mars and operating data centers in outer space. Details of Musk’s large pay package, which have not been widely disclosed, were revealed in the company’s…
It’s the morning after Tesla’s much-watched earnings report, and as always, it’s something of a social media spectacle, with several interesting takes on Elon Musk and his company of electric vehicles, robots, and self-driving taxis. But the bottom line is this: we just witnessed a more reserved billionaire Musk on the earnings call. Right now…
Everyone’s talking about SpaceX’s initial public offering (IPO), which makes a lot of sense given that it’s led by Elon Musk and features interesting new technology. But good investing is more than flashy CEOs and new frontiers. Here’s why I think investors should avoid the SpaceX IPO and what they might want to buy instead….
Move over the Venmo and Cash app. Social media site X has announced that it will soon have its own digital wallet service. According to an X post by Elon Musk on March 10, X’s new payment platform will be available to some members of the public starting in April. The service, which Musk calls…
Tesla (TSLA) is no longer just an electric vehicle company. If you’ve been paying attention to Elon Musk’s recent moves, a much bigger picture is emerging: one in which Tesla and SpaceX could eventually become the same company. That’s the view of Wedbush analyst Dan Ives, who recently reaffirmed his prediction that the two companies…
