Antonio Gracias' $1 million loan to Elon Musk in 2008 highlights the financial challenges SpaceX faced. Their long-term partnership spans multiple ventures, reflecting broader investment strategies.
For example, we’ve all set vague goals. While “get in better shape” sounds good, it’s a terrible goal since it lacks ...
By Manya Saini June 8 (Reuters) - Elon Musk is bringing his pioneering business style to the IPO world this week when his ...
Elon Musk's net worth could see a huge jump with the upcoming SpaceX IPO. Here's what it may mean for his wealth and future ...
Amazon Kuiper Kenya and Uber Kenya seek regulatory approval for internet and courier services, competing with Musk's Starlink ...
Uber customers in the UK can now join an interest list to increase their chances of being matched with a Wayve robotaxi.
London-based PhysicsX has raised $300 million in a Series C round led by Singaporean sovereign wealth fund Temasek, more than doubling its valuation to $2.4 billion, less than a year after its Series B priced the company at just under $1 billion. The round was oversubscribed. Alongside Temasek, which first invested in PhysicsX during its […]This story continues at The Next Web
In the 1990s, almost every US state sued the tobacco industry. The resulting settlements cost hundreds of billions of dollars and transformed how cigarettes were marketed, sold, and regulated. Senator Ed Markey said in March that Big Tech’s Big Tobacco moment has arrived. He was talking about social media. But the legal machinery he described is […]This story continues at The Next Web
Between commercial aircraft at 10km and conventional satellites at 500km lies a band of near-Earth space that has never been used commercially. Very low Earth orbit, or VLEO, sits at 200 to 300km, an altitude historically reserved for spy satellites and the International Space Station. Reading-based NewOrbit announced on Monday an oversubscribed $18.5 million Series A to […]This story continues at The Next Web
JPMorgan Chase is hiring Nomura Holdings’ international head of artificial intelligence strategy, according to Bloomberg, as the largest US bank by assets accelerates its recruitment of AI specialists. Singapore-based Tahir Zafar, who joined Nomura in late 2023 and was promoted to his current role in March 2025, is expected to start around July after completing […]This story continues at The Next Web
In May, Google’s Threat Intelligence Group confirmed the first known case of an AI system discovering and weaponising a zero-day exploit that was then deployed in the wild. A criminal actor used a frontier model to find a two-factor authentication bypass, build a working exploit, and use it before any defender knew the vulnerability existed. That […]This story continues at The Next Web
Moonshot AI, the Beijing-based developer of the Kimi chatbot, is seeking as much as $2 billion in a new funding round that would value the company at $30 billion, Bloomberg reported on Sunday. If the round closes at that target, it would mark a seven-fold increase in capitalisation since December, when the startup was valued at just […]This story continues at The Next Web
The AI boom that has made Samsung and SK Hynix trillion-dollar companies and sent the Kospi up roughly 80% is doing something unusual to South Korea’s bond market: destroying it. Korean government bonds have lost 7.5% in 2026 in local-currency terms, the worst performance among 44 sovereign markets tracked by Bloomberg. The benchmark three-year yield has climbed […]This story continues at The Next Web
Mexico’s government-backed electric vehicle project Olinia has unveiled its first prototype, a six-seat passenger vehicle called the Olinia Uno, at a ceremony where President Claudia Sheinbaum drove the car onto a stage inside a Mexican Air Force hangar north of Mexico City. The vehicle is priced at 150,000 pesos, roughly $8,600, and is designed for […]This story continues at The Next Web
Nvidia and SK Hynix have signed a multi-year agreement covering both the design and manufacture of next-generation memory chips for AI. The deal, announced on Sunday during Nvidia CEO Jensen Huang’s tour of South Korea, gives SK Hynix a formal co-development role in the high-bandwidth memory that will power Nvidia’s most advanced accelerators, starting with the Vera […]This story continues at The Next Web
Spotify has approached concert promoters about licensing the rights to stream live video from music festivals, according to Bloomberg, as the Swedish streaming company pushes to become a broader hub for the live music economy. The company has already started adding footage from live events, including a Dua Lipa show in Mexico City. The live […]This story continues at The Next Web
SpaceX IPO: Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to ...
Elon Musk is on the brink of becoming the world's first trillionaire next week, as the planned initial public offering of ...
I’ve been watching EchoStar (NASDAQ:SATS) for years as a slow-motion satellite story that never quite worked. Then Elon Musk walked in with a checkbook. Here is the trade. The $19.6 Billion Check On September 7, 2025, EchoStar entered into a License Purchase Agreement with SpaceX for AWS-4 and H-Block spectrum. The deal was amended on ... The Beaten-Down Stock About to Cash a $19.6 Billion Check From Elon Musk
We're likely to see more price increases as the big AI companies plan to go public.