Photo: Samiel Korum (Getty Images).
Bloomberg, citing sources who are familiar with the talks,
Reports indicate that discussions are ongoing and things may change. This would be a 100 billion dollar jump over a possible valuation reported last month. It is also a massive increase over the $210 billion SpaceX valued in a tender earlier this year.
Read More.
The value of Twitter, two years after Elon Musk purchased it for tens and tens billions of dollars from Google, might be on the rise again.
The Fidelity Group has
Axios reported that Fidelity increased the value its stake in the now-named X company by 32.37% during October — the biggest monthly increase since October 2022. Fidelity believes that X is still worth 72% less than the $44 billion Musk spent on it.
Read More.
Tesla’s (TSLA’s), is ready to appeal a Delaware Judge’s decision — again — to refuse Elon Musk’s pay package of $56 billion despite shareholder support. Musk’s compensation package was approved by investors for the first time in 2018, but a shareholder lawsuit forced Delaware Chancery Court Judge Kathleen McCormick to annul it in January. Shareholders reapproved this package in June. The judge at the time stated that had “significantly impacted” her previous ruling.
Read More.
Intel announced Monday that its chief executive officer Pat Gelsinger will be retiring from the company. He has also resigned from its board.
Read More.
As Elon Musk (TSLA), the CEO of SpaceX, and Tesla (TSLA), solidify their roles within the incoming Donald Trump Administration, another tech leader looks to remain in the president-elect’s good graces.
Read More.[19659342]
An Apple ( ) employee is suing for illegally restricting worker freedoms by its required intellectual property agreements.
Amar Bhakta is a digital ad-tech and operations manager for Apple. He filed a lawsuitin California Superior Court, Santa Clara County, on Monday. The lawsuit alleges that Apple’s policies, such as requiring employees to use iPhones at work and preventing workers from discussing wages, violate state law by suppressing employee speech and privacy.
Read More.
The President-elect Donald Trump appointed the first billionaire to have walked in space as the next administrator of NASA.
Jared Isaacman, founder of the payments company Shift4 and the defense firm Draken International ( Four), conducted the spacewalk in September as part a mission carried by Elon Musk’s SpaceX. Isaacman was the mission commander for SpaceX’sPolaris Dawnmission, which broke altitude and distance records.
Read More.
Jeff Bezos, founder of Amazon ( AMZN), said that his space venture might not be a successful business today but it will be tomorrow. Bezos told The New York Times’ DealBook Summit that Blue Origin is not yet a good business. The world’s second richest person is optimistic about the potential of the space exploration company, even going so far as saying it could be larger than his ecommerce giant.
Read more