Beyond Hype
The stock market’s romance with technological disruption has once again collided with an inconvenient reality: even the most visionary companies must eventually be judged by their ability to generate sustainable profits.
The stock market’s romance with technological disruption has once again collided with an inconvenient reality: even the most visionary companies must eventually be judged by their ability to generate sustainable profits.
There was a time when financial markets valued companies on the basis of what they produced, what they earned and what they could reasonably be expected to achieve.
SpaceX closed nearly 19 per cent above its IPO price on its Wall Street debut, pushing its valuation past $2.2 trillion and making Elon Musk the first person in history to reach trillionaire status.
The IPO pricing has reportedly increased Musk’s net worth to nearly $970 billion, placing him within reach of the trillion-dollar mark.
Buying into the SpaceX IPO means funding Elon Musk's vision, not shaping it. Public investors get Class A shares with one vote each, Musk holds Class B shares worth ten votes apiece, giving him 85% of voting control.
The proposed listing in the United States is expected to open public trading of SpaceX shares under the ticker symbol “SPCX” as early as next month, according to details emerging from the filing.
We are all aware of sound pollution, yet we remain largely unaware or indifferent to the growing menace of light pollution.
Elon Musk's aerospace company SpaceX has acquired his artificial intelligence (AI) start-up xAI, the billionaire entrepreneur said.
SpaceX has safely brought back four astronauts from the U.S., Japan, and Russia back on Earth, said NASA on Saturday.
The SpaceX Dragon spacecraft carrying Group Captain Shubhanshu Shukla--India’s first astronaut to set foot on the International Space Station (ISS)--is scheduled to return to Earth today, marking a major milestone in the country’s space journey.
