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.
During a press briefing at the 'India Mobile Congress 2024', Telecom Minister Jyotiraditya Scindia said the spectrum for satellite services will be allocated administratively.
Billionaire Elon Musk’s SpaceX on Sunday successfully conducted its fifth test flight, and made a historic catch of a Super Heavy booster with “Chopstick arms”.
After months of uncertainty, NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov, travelling in the SpaceX Dragon capsule, successfully docked with the International Space Station (ISS) on Sunday to bring back Sunita Williams and Butch Wilmore, who had been stuck there since June 2024.
The NASA-SpaceX mission safely reached orbit, after it was successfully launched from Cape Canaveral Space Force Station in Florida. This mission is significant as it marks the first human spaceflight to launch from Space Launch Complex-40.
SpaceX’s Polaris Dawn astronauts on Thursday created history by successfully conducting the first-ever 'all-civilian' spacewalk.
