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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
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Uber Records 29 Percent Jump in Quarterly Revenues With Much Higher Gross Bookings Amid Rising Demand
Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand. Pointing to robust activity in numerous markets, the company reported a 29 percent jump in first-quarter revenues to $8.8 billion (roughly Rs. 72,000 crore), with much higher gross bookings in both mobility and deliv...
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Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter
SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...
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Trump’s Social Media Merger Deal Said to Have Leaked Months Ahead of Announcement: Report
Information about a pending merger deal between Donald Trump’s social media company and a blank-check entity were leaked to employees at an investment firm long before it was announced, according to The New York Times. The employees at the Miami-based Rocket One Capital firm had discussed ways to profit off the transaction, which had not yet been...
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US Rocket Companies Face Capacity Crunch for Satellite Launches Due to Russia Sanctions
The US satellite Internet boom could be in trouble as Russian sanctions have created a capacity crunch for rockets to ferry the satellites to space. Industry officials believe that US rocket companies won't be able to keep up with the demand for launches.
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​10 Launches in 10 Weeks: SpaceX Sends Another Batch of 48 Starlink Satellites Into Orbit
Elon Musk-owned SpaceX has launched another 48 Starlink Internet satellites into orbit. A Falcon 9 rocket lifted off from Florida, US, on March 9 and helped place the small satellites a little later. The rocket's first stage then returned to Earth for a smooth touchdown on a SpaceX drone ship stationed in the Atlantic Ocean.
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Riders Republic Beta Impressions: Ubisoft’s Steep Follow-Up Is 2 Fast 2 Familiar
Riders Republic beta review: Ubisoft Annecy’s Steep follow-up opts for a full rebrand, but it shares most of the first game’s DNA. Riders Republic release date is October 28 on PC, PS4, PS5, Stadia, Xbox One, and Xbox Series S/X.
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Reddit Users Say GameStop Rocket Is Revenge of the Masses
For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.
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Rocket Internet to Delist to Enable Long-Term Investing
Rocket Internet said on Tuesday it plans to delist its shares as it has sufficient access to capital outside the stock exchange and can better pursue a long-term approach to investing.
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Rocket Internet Buoyed by EUR 150 Million Share Buyback Plan
Rocket Internet has announced its plan to buy back shares worth up to EUR 150 million ($175 million), 3.6 percent of its outstanding stock.
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Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions
Foodpanda has become profitable in Central and East Europe and the Middle East, and says profit in Asia is a function of rate of market share acquisition.
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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
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Uber Records 29 Percent Jump in Quarterly Revenues With Much Higher Gross Bookings Amid Rising Demand
Uber shares rocketed higher early Tuesday after the ride-hailing and delivery company reported a jump in revenues amid rising demand. Pointing to robust activity in numerous markets, the company reported a 29 percent jump in first-quarter revenues to $8.8 billion (roughly Rs. 72,000 crore), with much higher gross bookings in both mobility and deliv...
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Elon Musk's SpaceX Buys Advertising Package for Starlink on Twitter
SpaceX has bought an advertising package on Twitter for its satellite internet service Starlink, said Elon Musk, who owns the rocket company and the social media platform that is seeing an exodus of advertisers. Companies including General Motors, General Mills, Mondelez International and Volkswagen AG paused advertising on the platform after Musk ...
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Trump’s Social Media Merger Deal Said to Have Leaked Months Ahead of Announcement: Report
Information about a pending merger deal between Donald Trump’s social media company and a blank-check entity were leaked to employees at an investment firm long before it was announced, according to The New York Times. The employees at the Miami-based Rocket One Capital firm had discussed ways to profit off the transaction, which had not yet been...
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US Rocket Companies Face Capacity Crunch for Satellite Launches Due to Russia Sanctions
The US satellite Internet boom could be in trouble as Russian sanctions have created a capacity crunch for rockets to ferry the satellites to space. Industry officials believe that US rocket companies won't be able to keep up with the demand for launches.
-
​10 Launches in 10 Weeks: SpaceX Sends Another Batch of 48 Starlink Satellites Into Orbit
Elon Musk-owned SpaceX has launched another 48 Starlink Internet satellites into orbit. A Falcon 9 rocket lifted off from Florida, US, on March 9 and helped place the small satellites a little later. The rocket's first stage then returned to Earth for a smooth touchdown on a SpaceX drone ship stationed in the Atlantic Ocean.
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Riders Republic Beta Impressions: Ubisoft’s Steep Follow-Up Is 2 Fast 2 Familiar
Riders Republic beta review: Ubisoft Annecy’s Steep follow-up opts for a full rebrand, but it shares most of the first game’s DNA. Riders Republic release date is October 28 on PC, PS4, PS5, Stadia, Xbox One, and Xbox Series S/X.
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Reddit Users Say GameStop Rocket Is Revenge of the Masses
For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.
-
Rocket Internet to Delist to Enable Long-Term Investing
Rocket Internet said on Tuesday it plans to delist its shares as it has sufficient access to capital outside the stock exchange and can better pursue a long-term approach to investing.
-
Rocket Internet Buoyed by EUR 150 Million Share Buyback Plan
Rocket Internet has announced its plan to buy back shares worth up to EUR 150 million ($175 million), 3.6 percent of its outstanding stock.
-
Rocket Internet-Backed Foodpanda Turns Profit in 2 of Its 3 Regions
Foodpanda has become profitable in Central and East Europe and the Middle East, and says profit in Asia is a function of rate of market share acquisition.
