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Elon Musk’s SpaceX Rockets To $140 Billion Valuation Following Recent Share Sales By Investors Adding $61 Billion To Musk’s Net Worth

The race to space exploration has been heating up, with Elon Musk’s SpaceX making significant strides in the sector. The private company is valued at approximately $150 billion after a recent share sale by investors. Musk is speculated to own roughly 44% of the company.

The company reached an agreement with both new and existing investors to offer up to $750 million in stock from insiders at a price of $81 per share last month, valuing it at approximately $140 billion, according to a document sent by SpaceX Chief Financial Officer Bret Johnsen.

The latest share price reflects a rise of approximately 5% compared to its previous secondary sale at $77 per share. But Musk does not “anticipate needing to raise funding in the near future” and is expected to opt for secondary sales to bolster and incentivize employee and insider ownership in the company.

X is planning to hide headlines from news links for ‘improved aesthetics’

Elon Musk-owned X, formerly Twitter, is planning to roll out a new way to display news links without any headline or description. The social network will display just the link and the header image in a post, according to a report by Fortune.

Musk confirmed the move in a post on Monday and said it was coming “directly” from him. The change would “greatly improve the aesthetics,” he said.

This is coming from me directly. Will greatly improve the esthetics.

Atomic rockets are back

While the current Oppenheimer blockbuster film focused on the destructive power of nuclear weapons, more peaceful uses of atomic propulsion for space exploration are now gaining once again momentum. ROB COPPINGER reports.

Nuclear fission and fusion power propulsion are under investigation in Europe and the US with an in-space engine demonstration planned by 2027 — with the news last month that Lockheed Martin had been selected to develop a nuclear thermal propulsion system for DARPA’s DRACO programme (see below).

Nuclear propulsion is attractive as it is far more efficient and powerful than conventional chemical rocket engines – with nuclear thermal propulsion (NTP) having twice the propellant efficiency of chemical rockets. SpaceX plans to use its Starship Heavy rocket, propelled by liquid oxygen and methane, to take Elon Musk’s colonists to Mars. NASA’s decades of research have also concluded that NTP is the best choice for crewed missions to the red planet with its Human Exploration of Mars Design Reference Mission 5.0, published in 2009, making clear NTP’s advantages. With NTP, a propellant, liquid hydrogen, is propelled by the heat from a nuclear reactor. It offers a high thrust-to-weight ratio around 10,000 times greater than nuclear electric propulsion (NEP) and two-to-five times greater specific impulse than in-space chemical propulsion.

If Elon Musk removes the block feature from X it wouldn’t be the first time the billionaire skirted App Store rules

Elon Musk on Friday announced plans to remove the block feature on X, the microblogging social media platform formerly known as Twitter.

It’s a move many users are decrying as a step toward openly allowing harassment on the platform, and if he goes through with it, the change would appear to violate the rules of both the Google Play Store and Apple App Store.

And it wouldn’t be the first time the billionaire has gotten what he wanted despite existing rules on the App Store.

Warren Buffett missed a trick by not investing in Tesla at a rock-bottom valuation, Elon Musk says

Warren Buffett missed a trick when he passed on Tesla early on, Elon Musk said.

“He could’ve invested in Tesla when we were worth basically nothing and didn’t,” the SpaceX and Tesla CEO posted on X, the website formerly called Twitter, on Thursday.

He was responding to a post highlighting Buffett’s vast wealth and the enormous value of his Berkshire Hathaway conglomerate.

Bitcoin plunges more than 10% after Elon Musk’s SpaceX reportedly sold the cryptocurrency

The price of bitcoin plunged about 10% hours after it was revealed that Elon Musk’s SpaceX sold the cryptocurrency.

The Wall Street Journal reported on Thursday that SpaceX, which first purchased bitcoin in 2021, wrote down the value of its bitcoin holdings by a total of $373 million in 2021 and 2022 and has sold the crypto.

The write-down coincides with a steep drop in bitcoin’s price, which crashed in late 2021, setting off a “crypto winter” that extended through most of 2022.

Elon Musk Says One Of The Most Difficult Choices He Ever Had To Make Was When He Had ‘Just $30 Million Left’

Elon Musk, the richest man in the world, revealed that one of the toughest choices he’s had to make in his life was when he had “$30 million dollars left.”

Musk, CEO of Tesla Inc. and SpaceX, revealed that choosing which company to invest his last $30 million in was tough.

In a conversation with screenwriter, producer and director Jonathan Nolan during a SXSW interview titled “Elon Musk Answers Your Questions!”, Musk shared his insights on topics ranging from artificial intelligence (AI) to Mars and business. He delved into his early entrepreneurial years, which ultimately led to the creation of his groundbreaking companies, including how he made $180 million from the sale of PayPal.

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