Adam Jonas, an analyst at Morgan Stanley, said SpaceX was “challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure”. He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because […]
On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to Blackstone. The investment will propel her fortune back over the $1 billion mark after the pandemic and […]
The tech company has unveiled three sleek battery-powered prototypes: a luxury sedan, a crossover SUV, and an electric bus. However, according to the press release, it appears that Foxconn does not plan to sell EVs itself. The vehicles will instead be released under the “Foxtron” brand in collaboration with other car manufacturers, such as Taiwan’s Yulon […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
New data from Experian shows that 294,218 electric vehicles were sold between January and August of this year. Although this figure only accounts for 2.7% of total automobile sales, it nonetheless represents a 114% increase when compared to the same period of 2020. Out of the 294,218 electric vehicles sold, 194,165 (or 66%) were Teslas, […]
The 20 business leaders, who include Microsoft co-founder Bill Gates and JP Morgan’s chief executive Jamie Dimon, will be joined by the Prime Minister and the foreign secretary Liz Truss for a Michelin-star dinner which will be held ahead of the Global Investment Summit. Johnson will use the dinner to boost the UK’s post-Brexit image […]
While Apple’s CEO did not specify how much the tech giant would contribute to northern China’s relief efforts, or how the funds would be distributed, his promise follows on from many other relief aid pledges. Most recently, Tim Cook pledged money to help Hurricane Ida relief and recovery efforts after 115 people lost their lives […]
The business jet is intended to sit at the upper end of the light-jet segment while still having sufficient range and size to enable it to compete in the mid-size market. Honda says the aircraft would be able to fly across the entirety of the US at heights never before reached by a light jet. […]
The new policy was announced in a blog post and is a change from Amazon’s previous expectations that most staff members would return to the office at least three days a week when offices reopen in January. The message was signed by Amazon CEO Andy Jassy and said that it is ultimately for the company […]
The funding follows Personio’s $125 million Series D funding last January, bringing the total capital raised by the company to over $500 million. The company, which produces human resource software for small to medium-sized businesses, plans to use the funds to launch a new people workflow automation software for SMEs. The software would automate HR […]
Nick Beighton has served as ASOS’ Chief Executive since September 2015, having joined the company 6 years earlier. Beighton will now step down from the company with immediate effect as ASOS searches for new leadership to further accelerate its international growth. ASOS has already started to look for Beighton’s successor. In the meanwhile finance chief Mat […]
On Thursday, Tesla Chief Executive Elon Musk said he plans to move the electric carmaker’s headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where the company is building a massive car and battery manufacturing complex. Tesla joins Oracle, HP, and Toyota in moving its headquarters from California to Texas. While Silicon Valley is […]
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