Tag: elon musk

Tesla and SpaceX shares fall after Democrats win control of Congress in the US midterm elections. (REUTERS/Evan Vucci/File Photo/File Photo) (REUTERS)
Posted in Business

Musk feels brunt of Democrats’ midterm win as Tesla, SpaceX shares fall

Shares of Elon Musk’s Tesla Inc. and Space Exploration Technologies Corp. fell ahead of Wednesday’s US stock-market opening as Democrats swept to control of Congress,…

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Shares of both companies fell about 1.8% in postmarket trading (Getty Images via AFP)
Posted in Business

Trump ally Elon Musk’s Tesla, SpaceX shares fall as midterm blue wave unfolds

As early results from the US midterm elections started to point toward a decisive win by Democrats, shares of prominent Republican-backer Elon Musk’s companies Tesla…

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Tesla Cybertrucks lead the way as the SpaceX Starship spacecraft rolls out toward the launch pad before its 11th test flight from the company's complex in Starbase, Texas, US. (REUTERS)
Posted in Business

Inside a possible SpaceX-Tesla merger that Elon Musk calls ‘a good idea’

Elon Musk said that a merger between SpaceX and Tesla would be a “good idea”, adding that special committees had been formed to discuss the…

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Elon Musk became the world’s first trillionaire in June when SpaceX surged in the wake of its record-breaking initial public offering, but quickly lost that crown as shares then slumped on concerns about the company’s sky-high valuation. (Bloomberg)
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Elon Musk is a trillionaire again as SpaceX claws back post-IPO slump

Elon Musk is a trillionaire again. Elon Musk became the world’s first trillionaire in June when SpaceX surged in the wake of its record-breaking initial…

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The Boring Company: Elon Musk's tunnel startup raises $3 billion at $23 billion valuation
Posted in Startups

The Boring Company: Elon Musk’s tunnel startup raises $3 billion at $23 billion valuation

The Boring Company, a tunnel construction startup founded by billionaire Elon Musk, has raised $3 billion in a new funding round that values it at…

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SpaceX President and COO Gwynne Shotwell speaks with Louisiana Gov. Jeff Landry and Secretary of Louisiana Economic Development Susan Bonnett Bourgeois. (AP Photo/Gerald Herbert)
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SpaceX to build $100 billion Starship rocket complex in Louisiana; construction to begin 2027

SpaceX unveiled plans on Tuesday to build its largest rocket launch complex yet in southern Louisiana, a $100 billion effort to transform coastal wetlands into…

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FILE PHOTO: A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. (REUTERS)
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Investors are having doubts about Elon Musk’s grandiose ambitions

ON AUGUST 5TH SpaceX may have at last achieved Elon Musk’s goal of reaching the Moon—by accident. The upper stage of a Falcon 9 rocket,…

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SpaceX stock faces a key year ahead as revenue, Starlink and AI growth rise. (Photo by Patrick T. Fallon / AFP) (AFP)
Posted in Business

SpaceX revenue jumps 92%: Where will SpaceX stock be in 1 year?

SpaceX has reported a strong second quarter, but investors were not fully convinced by the results. The company, formally known as Space Exploration Technologies, reported…

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SpaceX's first earnings report will face questions on AI spending, Starlink growth, computing plans, stock pressure and its ties to Tesla.  (REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)
Posted in Business

SpaceX earnings: Big questions investors want Elon Musk to answer on AI, Starlink, stock and Tesla

Elon Musk’s SpaceX is preparing to release its first earnings report as a publicly traded company. The report is expected after the market closes today….

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SpaceX investors ask about Starship, AI, Starlink and a pink rocket as Elon Musk prepares for the company’s first earnings call as a public company. (Pexel/Representative image) (Pexel)
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Why are SpaceX investors asking Elon Musk to paint Starship pink?

SpaceX is preparing for its first earnings call as a public company, with the call expected to take place on Tuesday, August 4. Investors would…

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