SpaceX | FinTelegram News

Tag: SpaceX

March 24, 2024

Reddit’s IPO Shines Despite Correction: The First Big Tech IPO in 2024 Gives Hope For More!

Reddit's much-anticipated Initial Public Offering (IPO) has successfully captivated the market's attention, marking a notable transition for the social media entity from a niche platform to a publicly traded company. Reddit's shares experienced a significant surge, closing 48% above its IPO price, which elevated its fully diluted market capitalization to an impressive $9.5 billion. It was the first big tech IPO in 2024, but we expect to see more as the year unfolds.

People Radar

March 6, 2024

Jeff Bezos Reclaims Title as World’s Richest Man, Surpassing Elon Musk

Amazon founder Jeff Bezos has overtaken Elon Musk to become the world’s richest person in the Bloomberg Billionaire Index, a title he hasn't held since the fall of 2021. On Thursday, Bezos's net worth soared to an impressive $197 billion, primarily fueled by his 9% stake in Amazon. Musk, the mind behind Tesla and SpaceX, is now number 3 on the list with a net worth of $192 billion, right behind Bernard Arnault, the French luxury titan behind LVMH, who holds the third spot with $195 billion.

Technology

January 22, 2024

Elon Musk Refutes Reports on xAI Corp’s $500 Million Funding!

The (almost) almighty Elon Musk, the renowned billionaire entrepreneur, has recently rebutted a Bloomberg report claiming that his artificial intelligence startup, xAI Corp., has secured $500 million in funding. This funding was reportedly part of a larger aim to raise $1 billion in investment. Musk responded on the social media platform X, formerly known as Twitter, labeling the report as "simply not accurate."

December 12, 2023

Seriously Now? Is ‘Cash-Poor’ Elon Musk Running Out of Cash and Luck?

In a recent essay by Linette Lopez for Business Insider, the financial stability and future of Elon Musk, the second-richest man on the planet, are scrutinized. From 2019 to 2022, Musk appeared to be on an unstoppable winning streak, with Tesla's profitability soaring and SpaceX's rockets capturing public imagination. However, Lopez suggests that Musk's streak of success might be waning, as indicated by a series of questionable decisions and mounting financial challenges.

November 1, 2023

Elon Musk Lost $41 Billion Net Worth But Is Still The World’s Richest Individual!

This week saw a significant drop in Elon Musk's net worth, which tumbled to $193 billion, according to Bloomberg's Billionaire Index. This marks the first time since June that the Tesla CEO's net worth has fallen below the $200 billion mark. The decline can be attributed to Tesla's disappointing quarterly earnings report, as Musk, who owns approximately 13% of the electric car company, experienced a notable financial setback.

Crypto

August 18, 2023

Crypto Crash: Bitcoin Falls Almost 9% On Thursday After Massive Sales!

Bitcoin (BTC) rapidly declined 9% on Thursday, momentarily slipping below $25,000 on Binance. Rumors about the massive sale of Bitcoins by Elon Musk's SpaceX fueled the downward pressure. The tranquility that had characterized much of August was suddenly disrupted by a market downturn, driven by a heightened risk aversion from Wall Street. Ether (ETH) also crashed by 11% to approximately $1,600.

May 22, 2022

Elon Musk Allegedly Sells SpaceX Shares To Fund The Twitter Acquisition!

Elon Musk is undoubtedly the first "richest man" who has made social media and Twitter, in particular, an essential tool of his reign. The founder of Tesler and SpaceX announced the acquisition of Twitter for $44 billion. Shortly after that, he declared the deal pending because the number of Twitter fake accounts would be significantly higher than the maximum 5% stated by Twitter. Now SpaceX is expected to set new records with a new capital increase helping Musk to finance the Twitter deal.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.

Prosecuted Telegram CEO Durov Challenges Personal Liability for Platform Misuse!

The prosecuted Telegram CEO Pavel Durov argues that holding CEOs personally liable for platform misuse is an outdated practice that threatens innovation. Following his Paris arrest, Durov emphasized that platforms like Telegram must adapt to rapid growth, but outdated liability standards should not stifle progress. His case highlights the ongoing debate about balancing innovation, privacy, and regulation in the tech world.

U.S. Regulator CFTC Lost Court Case Against Kalshi Legal Battle Over Election Bets!

KalshiEx is a U.S.-based prediction market platform that sought to offer trading in derivatives contracts based on the outcomes of Congressional elections, which the CFTC prohibited. KalshiEx challenged the regulator's decision in court and won, opening the door for election-based derivatives markets in the U.S. However, the CFTC is seeking a temporary stay.

Germany: Accomplices in Fraudulent Cyber Trading Platforms Charged by Karlsruhe Prosecutor!

The Baden-Württemberg Cybercrime Center in Germany has announced that it charged three suspects linked to an international fraud scheme that cost over 820 victims more than €5 million. The case marks a significant step in combating organized cyber trading fraud but underscores the growing complexity of such operations that often rely on an international division of labor.

Influencers

Influencers and Financial Crimes: A Short Guideline and a Request for Whistleblower Information!

Recently, the influencer industry has come under increased scrutiny from regulatory bodies worldwide. The case of Turkish influencers Dilan Polat and Engin Polat, facing $30 million money laundering charges and allegations of operating an illegal betting ring, perfectly demonstrates the potential legal risks in this sector. This high-profile case has prompted authorities to investigate hundreds of other influencers for potential financial crimes.