Planar Presents the Latest Display Technologies for Commercial and Luxury Environments at CEDIA 2023
DENVER--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 23:18
Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition
Elon Musk reportedly took out a $1bn loan from his company SpaceX the same month that he acquired Twitter, now known as X, according to theWall Street Journal. SpaceX approved the loan – which was secured by some of his stock in the company – in October 2022, according to the Journal. That same month, Mr Musk drew all of it down. The SpaceX founder returned the $1bn – with interest – to the company one month later, the Journal reported. It’s unclear why the richest person in the world now and in October 2022, when he took over the social media giant, took out the loan. He bought the social media company for $44bn, which seemed to contribute to him losing that top slot, until he was renamed the world’s richest person in June 2023. The publication also noted that in November 2022, when he repaid the loan, Mr Musk sold $3.95bn in shares in another one of his companies, Tesla. The following month, he sold another $3.58bn in Tesla stock. That year in total, Mr Musk had sold nearly $23bn worth of Tesla stock since April – fuelling speculation that the funds were likely going toward his social media platform acquisition. This isn’t the first time that Mr Musk has taken out money from one of his ventures to aid another. In 2009, Mr Musk reportedly borrowed $20m from SpaceX to support Tesla. More recently, in 2015 and 2016, SpaceX poured $330m in bonds into his solar panel company SolarCity. Tesla ended up acquiring SolarCity in 2016. SpaceX has recently come under fire, as the Justice Department sued the company last month for alleged hiring discrimination practices. SpaceX’s “discriminatory hiring practices were routine, widespread, and longstanding, and harmed asylees and refugees,” the filing stated. The Independent has reached out to SpaceX for comment. Read More Starship ‘ready to launch’, Elon Musk says Elon Musk calls Burning Man ‘best art on Earth’ amid chaos that saw thousands stranded and one dead Elon Musk vows to sue ADL for calling him antisemitic after he promoted antisemitic campaign on X
2023-09-06 23:15
Nextivity Unveils the Highest-Powered Mobile Router Available
SAN DIEGO--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:56
Revolutionizing AI Computation: Introducing Custom Mass Multiplication Circuits
MELBOURNE BEACH, Fla.--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:50
Shoot United Website Offers Updated Platform and New Content to Promote the Shooting Sports
EAST ALTON, Ill.--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:46
Wall Street Journal: China bans use of iPhones for government officials
China has banned the use of iPhones for central government officials, The Wall Street Journal reported, citing unnamed people familiar with the matter.
2023-09-06 22:46
Woebot Health Appoints David Mohr to Scientific Advisory Board
SAN FRANCISCO--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:27
Bild Expo Is Live: Join Us at Gear Expo for New Product Announcements and Educational Presentation
NEW YORK--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:25
Pinterest to Host “Pinterest Presents” Global Advertising Summit on September 13th
SAN FRANCISCO--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 22:18
The Iconic Concorde Airplane Is Getting the LEGO Treatment
LEGO’s Concorde plane is as sleek as its real-life counterpart.
2023-09-06 21:52
Technology Innovation Institute Introduces World’s Most Powerful Open LLM: Falcon 180B
ABU DHABI, United Arab of Emirates--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 21:49
CyrusOne Promotes Jim Roche to Senior Vice President of Engineering
DALLAS--(BUSINESS WIRE)--Sep 6, 2023--
2023-09-06 21:49