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.
As players like Elon Musk's SpaceX, Hughes Communications India (along with ISRO) and Amazon ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model and pricing will be a challenge for scaling up networks, according to a new report.
Earlier this month, SpaceX successfully deployed 51 more Starlink satellites in space, completing its 40th mission so far this year.
Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida, used as the launch pad for the Falcon 9 rocket
Google, YouTube's parent company, confirmed that the channel had been hacked, reports Yonhap news agency.
The Android team is now "designing for satellites", and this support is planned for the "next version of Android", which the tech giant has confirmed as Android 14.
