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.
After more than two weeks aboard the International Space Station (ISS), Indian astronaut Shubanshu Shukla is heading home, with science samples in tow and a suitcase full of memories.
Axiom-4 mission (Ax4) crew, including Indian astronaut Group Captain Shubhanshu Shukla and three other crew members, are scheduled to undock from the International Space Station (ISS) on July 14.
The launch of Axiom Mission 4 (Ax-4), the fourth private astronaut mission to the International Space Station (ISS), has been postponed once again on Friday, as NASA and its partners continue technical evaluations.
A day after he spoke with Prime Minister Narendra Modi on the phone, Tesla and SpaceX CEO Elon Musk on Saturday said he is looking forward to visiting India later this year.
Sunita Williams and Butch Wilmore returned to planet Earth Tuesday evening ending an unplanned protracted stay on the International Space Station.
