Elon Musk
Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots
Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the companies agreed to […]
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Twitter-Musk drama escalates as both sides hurl claims of bad behavior in new filings
The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false […]
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SpaceX raises another $250 million in equity, totaling $2 billion so far this year
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX Elon Musk’s SpaceX raised $250 million in a July equity round, the company disclosed in a securities filing on Friday. The venture has now raised $2 billion so far in 2022. The filing doesn’t specify the sources of […]
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Elon Musk predicts mild 18-month recession, teases possible share buybacks
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters At the Tesla 2022 shareholders’ meeting on Thursday, investors asked CEO Elon Musk how the company plans to spend its money in coming years, and about his global economic […]
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Elon Musk countersues Twitter over merger, but details aren’t yet public
Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk wanted to carry out a countersuit in […]
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The Elon Musk-Twitter trial will start October 17
“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Twitter and Tesla CEO Elon Musk will go to trial starting on October 17 in Delaware to resolve Musk’s attempt […]
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The space economy grew at fastest rate in years to $469 billion in 2021, report says
People watch from Canaveral National Seashore as a SpaceX Falcon 9 rocket launches from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Feb. 3, 2022. The rocket is carrying 49 Starlink internet satellites for a broadband network. Paul Hennessy | SOPA Images | LightRocket | Getty Images The global space economy grew […]
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Boeing takes additional charge for Starliner astronaut capsule, bringing cost overruns to near $700 million
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. NASA Boeing disclosed a charge of $93 million in the second quarter for its Starliner astronaut capsule program, bringing the program’s overrun costs to nearly $700 million. The aerospace giant said the latest charge […]
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Tesla gets second SEC subpoena over Musk’s 2018 go-private tweet
A Tesla service and sales center is shown in Vista, California, June 3, 2022. Mike Blake | Reuters Tesla on Monday disclosed it has received a second subpoena from the U.S. Securities and Exchange Commission over its Chief Executive Elon Musk’s tweets in 2018 about taking the electric automaker private. Tesla said in a filing […]
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Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter reported earnings for the second quarter on Friday that missed analyst estimates on […]
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