Business of Space: What’s the deal with space traffic? March 5, 2022 This week Starlink makes a stance UK’s SaxaVord enters French market What’s the deal with space traffic? SpaceX SpaceX boss Elon Musk said today that its Starlink, a satellite broadband service, has been urged to block Russian news sources by some governments, but not Ukraine. Tweeting on Saturday, the billionaire entrepreneur said: “We will not [...]
Tesla shifts gear with $11.9bn revenue despite Bitcoin investment losses July 27, 2021 Elon Musk’s electric carmaker Tesla has edged past analyst forecasts with an $11.9bn revenue in its second-quarter trading, up 98 per cent year on year. Tesla also pulled in $1.1bn in net profits in the 12 weeks to 26 July, the first time it has topped $1bn in a single quarter. While the revenues are [...]
With only 10 per cent of the total Bitcoin supply left to mine, what happens next? December 16, 2021 Bitcoin has now officially surpassed 90 per cent of its available supply, with fewer than 2.1 million coins left.
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]
Brexit has cost Britain a Tesla gigafactory, according to Elon Musk November 13, 2019 Britain missed the opportunity to have Tesla’s first European factory because of Brexit, according to chief executive Elon Musk. Instead, the electric car maker plumped for a site near Berlin for the so called gigafactory, where it will make batteries, powertrains and vehicles. Read more: Tesla holds share gains after surprise third quarter profit The [...]
Tesla CEO Elon Musk to testify at his ‘paedo guy’ defamation trial November 26, 2019 Elon Musk will testify in his own defence at a defamation case brought against him for calling a British cave diver a “paedo guy”. Vernon Unsworth was involved in the rescue of a trapped Thai boys football team in 2018, which led to an unlikely row between the cave diver and the Tesla founder. Read [...]
Bitcoin is ‘overpriced’ as it is worth no more than $28k, says ByteTree’s investment chief : CityAM October 8, 2021 Bitcoin, the world’s most popular cryptocurrency, is double the price it should be at fair value, according to the Chief Investment Officer of ByteTree. Charlie Morris of ByteTree, a provider of digital asset data, made the statement earlier today at the Token2049 conference in London, where he met with representatives from Coinbase and Galaxy Digital [...]
Surf legend Kelly Slater is ready to ride the crypto wave July 19, 2021 Multiple world champion surfer Kelly Slater says he’s contemplating creating his own cryptocurrency.
Putin’s invasion of Ukraine is a war against old and new and tanks versus TikToks April 7, 2022 Three decades ago, the white, blue and red Russian flag was raised in Moscow, signaling the end of the Soviet Union. Right around that time, the English computer scientist Tim Berners-Lee invented the World Wide Web and introduced the first website. Today, we can see the impact of the end of the USSR on the [...]
Space investor Seraphim injects cash into two firms ahead of London float July 8, 2021 Space technology investor Seraphim Capital has invested into two UK satellite and AI companies ahead of its London IPO float tomorrow, as the UK cements itself within the latest space race. Investing £2m into firms Isotropic Systems, which operates satellite networks and Commodities AI, which deals with space data and artificial intelligence (AI), Seraphim is [...]