Analysts predict Porsche could be valued at up to €90 billion in an initial public offering (IPO). Currently, the market value of Volkswagen — which completed its acquisition of Porsche in 2012 — stands at around €116 billion. Speaking to Reuters, two people familiar with the matter said that, in the potential IPO, Volkswagen could […]
Virgin Galactic is selling 1,000 tickets for a 90-minute trip aboard its VSS Unity, which will take off from Spaceport America in New Mexico. “At Virgin Galactic, we believe that space is transformational,” said Virgin Galactic CEO Michael Colglazier. “We plan to have our first 1,000 customers on board at the start of commercial service […]
According to the Financial Times, Berkshire Hathaway CEO Buffett purchased the substantial stake just weeks before the record-breaking acquisition, estimated to be worth $68.7 billion, was completed. In 2022, Activision shares are up 23% to $81.50, though remain notably below the proposed $95 per share takeover price due to potential antitrust concerns. In the past, […]
Billionaire Tesla CEO Elon Musk donated a total of 5,044,000 shares in the world's most valuable car manufacturer in November last year, according to its filing with the US Securities and Exchange Commission (SEC). Musk’s donation was worth an impressive $5.74 billion, based on the closing prices of Tesla shares on the five days he […]
Swedish electric surfboard manufacturer Awake has just revealed the latest version of its range-topping model, the Rävik S 22. While Awake's latest board doesn’t look dramatically different from its award-winning forerunners, it promises surfers better response and a lot more power. Awake’s slick electric surfboards feature squared-end designs, a channel-shaped carbon fibre hull that effortlessly […]
SpaceX CEO Elon Musk has announced that the Starship rocket is close to being ready to go orbital. However, the rocket’s launch now depends on the Federal Aviation Administration, which will not issue the vehicle permission to fly until an environmental assessment is complete. "I think we're tracking to have the regulatory approval and hardware […]
Van Beurden’s 190,000 shares were sold at an average price of £20.40 per share, one day before they reached their highest level since January 2020 at £20.80. According to the company filing, the CEO’s sale totalled at £3.876 million. Van Beurden has led Shell since 2014. Last Thursday, van Beurden said “I still believe that […]
Ford has revealed the 2022 GT Alan Mann Heritage Editon ahead of the vehicle making its public debut at this year’s Chicago Auto Show. The exclusive model is based on two lightweight GT40 Mk II prototypes that were built by Alan Mann Racing and helped inform the final Mk II that achieved victory at the […]
The space company said that its 40 destroyed satellites — which had been part of a planned satellite constellation, intended to eventually provide continuous internet coverage for the majority of the globe — would now fall back to Earth. However, SpaceX assured the public that there was no risk of collision with Earth as the […]
The house building firm has said Daly, who currently serves as group operations director, will replace Pete Redfern as company CEO after he announced his resignation in December after almost 15 years leading the company. According to Taylor Wimpey, Daly’s appointment follows a “thorough recruitment and selection process” which included a long list of industry […]
Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings. Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US […]
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