New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
Latest Elon Musk News & Updates
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) — the Elon Musk-led rocket and satellite company — has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports.Reports claim that SpaceX priced its shares at $135 apiece, raising about $75 billion in what is being billed as the largest IPO in history and valuing the company at around…
New Delhi, June 10 (IANS) Elon Musk-led Starlink has dismissed a report that India has frozen approvals for its satellite internet services, saying it remains engaged in “active and productive discussions” with the government and continues to receive encouraging feedback on its plans for the country.Responding to the report, Lauren Dreyer, Vice President of Starlink Business Operations, said the company remains committed to launching services in India and has complied with all regulatory and sec…
New Delhi, June 7 (IANS) SpaceX CEO Elon Musk has drawn attention to India’s declining birth rate, highlighting that the country’s fertility rate has fallen below the replacement level required to maintain population stability.In a post on social media platform X, Musk said, “India’s birth rate has fallen below replacement. Among those most educated, India’s birth rate fell below replacement many years ago.”Musk was responding to data shared by media outlet AF Post, which noted that India’s tota…
Washington, May 28 (IANS) US Senator Elizabeth Warren has accused President Donald Trump of using his recent China trip to benefit billionaire allies and corporate donors, saying the visit amounted to “a corruption tour disguised as diplomacy”.The report, released by the minority staff of the Senate Banking, Housing and Urban Affairs Committee led by Warren, alleged that Trump’s China policy favoured wealthy business interests over American workers, farmers and families.“President Trump …
Washington, May 15 (IANS) Chinese President Xi Jinping has warned US President Donald Trump that mishandling Taiwan could lead to “clashes and even conflicts” as the two leaders opened high-stakes talks in Beijing aimed at stabilising relations between the world’s two largest economies amid tensions over trade, technology and Iran, according to multiple media reports.According to reports by The Washington Post, The Wall Street Journal, The New York Times and CNN, the warning came during Tr…
New Delhi, May 14 (IANS) Elon Musk-backed Tesla on Thursday opened its first experience centre in Bengaluru’s Whitefield area, a major step in the electric vehicle maker’s expansion plans in India.The company said customers will now be able to experience the Model Y and the newly introduced Model Y L — priced starting at Rs 61.99 lakh (ex-showroom) — at the new facility located in the city’s technology hub.Tesla also announced the launch of its after-sales service network in Whitefield t…
New Delhi, May 13 (IANS) Billionaire entrepreneur Elon Musk on Wednesday confirmed that he is travelling to Beijing aboard Air Force One alongside US President Donald Trump and several top American business leaders for a high-stakes summit with Chinese President Xi Jinping.Musk revealed his participation in the trip through a post on X, writing, “On my way to Beijing in Air Force One.” His confirmation comes as a powerful delegation of leading US corporate executives heads to China in what i…
New York, May 6 (IANS) Vivek Ramaswamy, the billionaire entrepreneur backed by President Donald Trump has won the Republican Party primary to become its candidate for Ohio governor, defeating an opponent who tormented him with racist propaganda.Winning 87 per cent of the votes, Ramaswamy dealt a decisive defeat to Casey Putsch, and in the November general election, will face Democrat Amy Acton, who ran unopposed for her party’s nomination.Ramaswamy initially ran against Trump for the Republica…
New Delhi, May 5 (IANS) Billionaire entrepreneur Elon Musk has agreed to pay $1.5 million to settle a case with the US Securities and Exchange Commission (SEC) over delayed disclosure of his stake in Twitter (now known as X), according to multiple reports.The settlement which is subject to court approval, will be paid by the Elon Musk Revocable Trust, which the SEC added as a defendant in the case, the regulator said.The regulator has alleged that the trust failed to timely disclose beneficial o…