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.
Prime Minister Narendra Modi has extended an invitation to NASA astronaut Sunita Williams to visit India following her return to Earth. Williams, one of the two astronauts stranded in orbit for nine months, is currently en route back aboard a SpaceX Dragon capsule.
Nine miniature satellites designed and developed by Israeli high school students were launched into space, according to the Israel Space Agency (ISA).
SpaceX's Crew-10 mission successfully docked at the International Space Station (ISS) on Sunday, bringing hope for the return of two NASA astronauts -- Sunita Williams and Butch Wilmore -- who have been stuck in orbit for months.
“Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India,” Bharti Airtel stated.
The discovery of a suspected Starlink device during a security raid in Manipur has sparked controversy, with SpaceX founder Elon Musk categorically denying that Starlink satellite internet services are operational in India.
