Tag: hyperloop
SpaceX’s spin-outs are helping build LA’s startup ecosystem
During the days when Snapchat’s popularity was booming, investors thought the company would become the anchor for a new Los Angeles technology scene. Snapchat, they hoped, would spin-off entrepreneurs and angel investors who would reinvest in the local ecosystem and create new companies that would in turn foster more wealth,…
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SpaceX and new partner announce space tourism launches on Dragon starting as early as 2021
SpaceX has a new partner for commercial private astronaut flights aboard its Dragon spacecraft: Space Adventures, a private space tourism company that has already launched private astronauts including Anousheh Ansari, Guy Laliberté and Mark Shuttleworth to space. Space Adventures has worked with seven clients across high serrate missions to the…
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Elon Musk says all advanced AI development should be regulated, including at Tesla
Tesla and SpaceX CEO Elon Musk is once again sounding a warning note regarding the development of artificial intelligence – the executive and founder tweeted on Monday evening that “all org[anizations] developing advance AI should be regulated, including Tesla.” Musk was responding to a new MIT Technology Review profile of…
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Tesla locks in stock surge with $2B offering at $767 per share
Tesla has priced its secondary common stock offering at $767, a 4.6% discount from Thursday’s share price close, according to a securities filing Friday. Tesla said in the filing it will sell 2.65 million shares at that discounted price to raise more than $2 billion. Lead underwriters Goldman Sachs and…
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Tesla is going back to the markets to raise more than $2B through stock offering
Tesla said Thursday it plans to raise more than $2 billion through a common stock offering and will use the funds to strengthen its balance sheet and for general corporate purposes, despite signaling just two weeks ago that it would not seek to raise more cash. Tesla CEO Elon Musk…
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Tesla ramps up solar tile roofs installations in U.S., eyes China and Europe expansion
Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk who in a series of tweets provided the first substantial update since the company launched the third iteration…
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