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.
Crew of US Polaris Dawn mission have completed a spacewalk on Thursday, marking the first time commercial astronauts have space-walked from a commercial spacecraft, according to SpaceX.
Elon Musk-led SpaceX's Polaris Dawn spacecraft on Tuesday launched the first-ever crew for 'all-civilian' spacewalk.
US space agency NASA and Elon Musk-run SpaceX are set to launch a cargo mission with 8,200 pounds (3,719.45 kg) of supplies, scientific investigations, and equipment to the International Space Station (ISS) on Sunday.
According to The Wall Street Journal, Musk in his companies -- Tesla and SpaceX, created a culture which made the women staff uncomfortable.
Billionaire Elon Musk's SpaceX has received approval from the US Federal Aviation Administration (FAA) to launch the fourth test flight of the Starship vehicle.
