Business Billionaire entrepreneur Elon Musk's SpaceX has raised more than US$1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space. 25 May 2019 02:50PM Bookmark REUTERS: Billionaire entrepreneur Elon Musk's SpaceX has raised more than US$1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.The company US$486.2 million in an equity offering, starting December, and another US$535.7 million in an offering that began in April, its regulatory filings on Friday showed.The rocket company on Thursday launched the first batch of 60 small satellites into low-Earth orbit for Musk's new Starlink internet service.Musk sees the Starlink venture as an important new revenue stream for his California-based company, whose launch service income he … [Read more...] about Musk’s SpaceX raised over US$1 billion in six months
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Multi-billionaire Elon Musk's real net worth, like his personality, is volatile and mercurial.Probably the best known billionaire in the world (and undoubtedly the most covered by the news and social media), Musk and his exact wealth are a matter of speculation because he lives such an un-billionaire type existence.For one, Musk has no guaranteed multimillion dollar annual salary plus stock options and perks from Tesla Inc. Musk has a $56,000 monthly salary from Tesla but hasn't drawn this salary even once. Seems Musk relies on his salaries and perks from his other businesses such as SpaceX, The Boring Company, OpenAI and Neuralink to get by.But here's what we know about Musk's wealth. Forbes estimates his "real time net worth" as of May 15 at $19.5 billion. That's good for Number 40 on Forbes' billionaires list. CNBC places Musk's net worth at about $23.6 billion (no mention of a time frame).And here's why it's tough placing an exact number on Musk's wealth.In January, Tesla announced … [Read more...] about Elon Musk net worth: How much is Tesla, SpaceX CEO worth?
Tesla and SpaceX CEO Elon Musk has been selected to receive the Stephen Hawking Medal for his “astounding accomplishments in space travel and for humanity”. The STARMUS Festival announced the 2019 winners of the Stephen Hawking Medal for science communication on May 10. Joining Musk as award-winners are Brian Eno and documentary Apollo 11 by Todd Douglas Miller. Eno is rewarded for his contribution to the popularization of science, while the documentary is noted for presenting a breakthrough look at history’s most famous space mission. According to Mashable, “SpaceX is known for building next-generation rockets that have launched satellites and delivered supplies to the International Space Station”. Commenting on Eno, fellow musician Peter Gabriel said, “Brian has often created the doorway through which the avant-garde enters the mainstream. He has been the creator of ambient and now evolutionary musical forms, challenging the role, nature and … [Read more...] about Elon Musk, Brian Eno to receive Stephen Hawking Medal
REUTERS: A U.S. judge on Friday said Elon Musk must face a defamation lawsuit by a British diver who said he was falsely branded a pedophile and child rapist by the chief executive of electric car company Tesla Inc.U.S. District Judge Stephen Wilson in Los Angeles said a reasonable jury could conclude that Musk's comments were more than merely opinions, and scheduled a trial for Oct. 22.The judge had on April 26 denied Musk's bid to dismiss the lawsuit brought by diver Vernon Unsworth, without explaining his reasoning.Musk's lawyers did not immediately respond on Friday to requests for comment.Unsworth, who said in his lawsuit he shared a house in the Thailand countryside with a 40-year-old woman who owned a nail salon, was part of a team that helped rescue 12 boys and their soccer coach from a Thailand cave last July 10.He said he became a target for Musk after saying on CNN that a mini-submarine offered for the rescue by Musk from his company SpaceX, where he is also chief executive, … [Read more...] about Trial date set for Elon Musk’s ‘pedo guy’ tweet
CAPE CANAVERAL, Fla.: Nearly two weeks after a fiery explosion during a ground test of its new crew capsule, SpaceX confirmed on Friday that the vehicle was destroyed, but neither the company nor NASA, its primary customer, have publicly acknowledged the nature of the mishap.Instead, Hans Koenigsmann, vice president of flight reliability for California-based Space Exploration Technologies Corp, known as SpaceX, continued to refer to the accident simply as an "anomaly" - science jargon for when something goes wrong.The April 20 accident occurred on a launch pad at the Cape Canaveral Air Force Station as SpaceX was conducting a test of emergency thrusters designed to propel the capsule, dubbed Crew Dragon, to safety from atop the rocket in the event of a launch failure.An attempt to test-fire the eight SuperDraco engines triggered the accident, demolishing the entire vehicle on a test stand, Koenigsmann told reporters at NASA's Kennedy Space Center."Just prior, before we wanted to fire … [Read more...] about SpaceX confirms crew capsule destroyed in April test accident