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.
Billionaire Elon Musk's SpaceX on Thursday successfully launched its fourth test flight.
According to the WSJ, friends and others close to Musk were worried that his drug use was getting worse, and "some asked him to go to rehab".
Elon Musk's SpaceX has acquired space parachute maker Pioneer Aerospace for $2.2 million, the media reported.
From Tesla and SpaceX CEO Elon Musk to Apple chief Tim Cook, top tech honchos and corporate leaders met Chinese President Xi Jinping during a gala dinner here during his state visit.
SpaceX on Friday delayed the second orbital flight test of Starship and Super Heavy Booster to Saturday, CEO Elon Musk confirmed on X.
