Two months ago, Bloomberg put SpaceX in its gunsights: Contrary to CEO Elon Musk’s boasts, argued the news agency, claims that the company’s Starlink satellite internet subsidiary is already profitable seem “suspect.” Citing “persons familiar” with SpaceX’s finances, Bloomberg argued that SpaceX is losing “hundreds” of dollars on every Starlink ground terminal it sells. Bloomberg […]
(Bloomberg) — Norway’s $1.7 trillion sovereign wealth fund said it would vote against the $56 billion pay package for Tesla Inc. Chief Executive Officer Elon Musk, adding to opposition for the carmaker ahead of its annual general meeting next week. Most Read from Bloomberg “We remain concerned about the total size of the award, the […]
By Louise Rasmussen and Gwladys Fouche OSLO (Reuters) -Norway’s $1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla’s eighth-biggest shareholder, according […]
By Tom Hals WILMINGTON, Delaware (Reuters) – The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for […]
By Tom Hals WILMINGTON, Delaware (Reuters) – The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday. Tesla said the legal team for […]
Elon Musk has aspirations to unseat Frontier, Oak Ridge National Laboratory’s pride and joy, as the world’s largest supercomputer with his “gigafactory of compute” in Memphis. He has billions to make it happen. Frontier has taken the No. 1 spot on the Top500 list of the world’s fastest supercomputers five times in a row since […]
SpaceX’s Starship flew to space and returned, but suffered visible damage on the fall back to Earth. The rocket’s fin started ripping off mid-fall, and the camera lens cracked. Starship’s splashdown was a big step toward reusability though, and Elon Musk claimed victory. SpaceX’s Starship mega-rocket snagged a huge victory on the road to Elon […]
Elon Musk’s mammoth new rocket system has returned to Earth in a groundbreaking fourth test flight that culminated in a first-ever soft ocean landing for the Starship craft. The aim was to get the rocket’s upper section – the Ship – to make a controlled return into the atmosphere and then to ditch in the […]
Insights from The New York Times, CNBC, and Space.com The News SpaceX’s much-hyped fourth test of its Starship megarocket began on Thursday, as the world’s largest and most powerful rocket took off from the company’s Starbase launch pad in Texas. Elon Musk’s rocket company first tried to launch Starship in 2023: The test ended in […]
Count billionaire investor Ron Baron in to support Tesla (TSLA) CEO Elon Musk’s controversial pay package next week when it comes up for vote at the EV maker’s shareholder meeting. Baron, chairman and CEO of Baron Capital, whose funds own Tesla stock, wrote in an open letter that Musk’s $56 billion pay package should be […]
A company developing Russia’s answer to Elon Musk’s Starlink said it completed its first tests. Bureau 1440, a Russian-owned project, said the trials were successful, with more to come. It uses the same approach as SpaceX’s Starlink and other companies vying for the market. A company developing Russia’s answer to Elon Musk’s Starlink said it […]
A company developing Russia’s answer to Elon Musk’s Starlink said it completed its first tests. Bureau 1440, a Russian-owned project, said the trials were successful, with more to come. It uses the same approach as SpaceX’s Starlink and other companies vying for the market. A company developing Russia’s answer to Elon Musk’s Starlink said it […]