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Investing bank Morgan Stanley believes that Elon Musk will become the world’s first modern trillionaire. Due to a wild bull market in Tesla shares over the last two years, the eccentric billionaire’s net worth has skyrocketed to unprecedented heights. Since the beginning of the year 2,020 the price of Tesla stock has risen by more than tenfold.

According to a Morgan Stanley report, the CEO of Tesla will become a trillionaire as a result of the success of his second business, SpaceX.

The private space-exploration company set up by Musk “is challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure,” wrote Morgan Stanley analyst Adam Jonas in a note titled, ‘SpaceX Escape Velocity … Who Can Catch Them?’

It’s actually about a company called Varda Space Industries.

After signing a deal with Varda Space Industries, Elon Musk’s next plan could be to revolutionize manufacturing in space. Stay tuned for the latest SpaceX news and subscribe to Futurity.

Continue reading “SpaceX Reveals New Plans To Launch Space Factories” »

Is artificial intelligence the next evolution for humans? Let’s dive into the latest news and updates with Neuralink in 2021 and how they will blur the line between human and robot. Last video: The Real Reason Tesla Overcame The Chip Shortage Crisis!
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From cryogenics to drugs the dream of immortality is closer than ever and now the world’s richest men including Richard Branson, Jeff Bezos and Elon Musk are putting their weight behind the research.

WWhy Hasn’t Elon Musk Been To Space?: Jeff Bezos decided to mark the first success of the long-running New Shepard project with a flight to space, literally. And Richard Branson recently did the same with Virgin Galactic.

However, something is off with the CEO of SpaceX, Elon Musk. Despite having made so many breakthroughs in space travel, Elon Musk has never once taken a trip to space. But, Why is that? Well, we will find out in just a second.

Elon Musk was at the Kennedy Space Center in Florida on the day SpaceX’s first space tourists launched, clapping as the private astronauts walked past the Tesla that would transport them to suit.

Commenting on Elon Musk’s Dogecoin fortune, one youtuber drew the billionaire CEO of SpaceX’s attention to an important issue.

Considered the richest man in the world, Elon Musk is a Bitcoin, Dogecoin and Ethereum enthusiast in the cryptocurrency market. According to Forbes Real Time Billionaires, his current fortune is estimated at $214 billion.

In addition to running SpaceX, Musk is still ahead of Tesla, a company that has registered a great growth in the market with its electric vehicles. But he is mostly following the future of DOGE, which is his favorite meme currency.

Cryptocurrency is viewed positively by some investors as a means of eradicating economic disparity. Authorities worldwide are debating how to manage the disruption it may bring. Tesla and SpaceX creator Elon Musk advised governments against attempting to “destroy” them. However, he agreed that they can halt its progress.

China is losing the most basic necessity of human civilisation-electricity. Till now, we only knew how the Chinese steel mills, aluminum manufacturing and power sector may be suffering in lack of thermal coal. However, China’s power woes could be much bigger and brutal than what we imagined.

Javier Blas, Chief Energy Correspondent at Bloomberg News, tweeted, “CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down.” A report says, “from aluminum smelters to textiles producers and soybean processing plants, factories are being ordered to curb activity or — in some instances — shut altogether.

Tesla (NASDAQ: TSLA) shareholders voted overwhelmingly to retain Kimbal Musk, brother of CEO Elon Musk, and James Murdoch on Tesla’s Board of Directors, according to an 8-K filing with the SEC that revealed the number of votes to re-elect the two to the company’s Board for three more years.

On October 13th, Tesla filed an 8-K form with the SEC that revealed the number of votes that supported or were against the re-election of both Kimbal Musk and James Murdoch to the Tesla Board. The number of votes for other proposals was also revealed. However, prior to the company’s 2021 Shareholder Meeting on October 7th, proxy advisory firm Institutional Shareholder Services, or ISS, urged Tesla investors to oust both Musk and Murdoch from the Board. Their reasoning was based on the belief that the two non-executive board members did not present any advantages to the automaker’s governance.

“Votes AGAINST directors James Murdoch and Kimbal Musk are warranted due to concerns regarding excessive compensation to named executive officers and to non-executive directors,” ISS wrote in a note to investors. The firm was adamant that Kimbal’s payout package was not necessarily logical for the company as he did not serve on any board committees. Additionally, ISS felt that Murdoch’s presence on the Tesla Board of Directors also was not justified due to his service on Audit and Governance Committees. The Audit Committee pledged a large sum of company stock to directors, which raised questions regarding its risk oversight. The Governance Committee failed to react appropriately to last year’s Shareholder proposal, which was supported by the majority of voters.