Elon Musk Archives

Musk says excited about Twitter deal despite overpaying

October 20, 2022 mohmad free

Elon Musk said Wednesday that he is excited about his impending takeover of Twitter Inc, even though he and other investors have overpaid the social media company. Musk, Tesla’s CEO, was answering a question during a call after the electric car maker’s quarterly report. The world’s richest person is following up on buying Twitter after it earlier tried to undo a $44 billion deal. Musk described Twitter as an asset that has been “weakened” for a long time. “I and other investors are clearly overpaying for Twitter at the moment.…

Elon Musk backs off, saying his company will continue to fund internet service in Ukraine

October 17, 2022 mohmad free

SpaceX’s billionaire CEO Elon Musk abruptly reversed his decision on Saturday, saying his company would continue to fund the operation of Starlink’s internet service in Ukraine, where it has become the digital lifeline for both soldiers and civilians. Musk, the world’s richest man, drew criticism on Friday when he said on Twitter that his company could not “indefinitely” fund Ukraine’s use of Starlink. The service was crucial to the communications of the Ukrainian army as it advanced into Russian-occupied territories and defended against persistent Russian attacks. CNN reported that SpaceX…

Twitter says in court filing that Elon Musk is under federal investigation

October 14, 2022 mohmad free

The social media company said in a court filing Thursday that federal authorities are investigating Elon Musk over his conduct in the $44 billion acquisition of Twitter. While the file said it was under investigation, it did not say what the exact focus of the investigations and what federal authorities are conducting. Twitter, which sued Musk in July to force him to terminate the deal, said the Tesla CEO’s lawyers claimed “the privilege to investigate” when they refused to hand over the documents they requested. In late September, Musk’s lawyers…

The world’s first space tourist to take part in a trip around the moon

October 13, 2022 mohmad free

The world’s first space tourist wants to return—only this time, sign up for a moon ride aboard Elon Musk’s spacecraft, and for Dennis Tito, 82, it’s a chance to relive the fun of his trip to the International Space Station, now that he’s retired with time on his hands. . He’s not interested in jumping on a 10-minute trip to the edge of space or repeating what he did 21 years ago. “I was there, and I did it.” His week-long lunar shot will bring him—and will determine its date…

Heads up Musk’s blistering attempt on Twitter to memorialize a business school case study

October 10, 2022 mohmad free

Elon Musk’s saga of Twitter’s $44 billion takeover comes with all the drama needed to be immortalized in case studies of future industry leaders, as the billionaire’s intermittent pursuit of the social media platform and unique management style make for a union like no other. The CEO of electric car maker Tesla Inc made a detour by proposing to buy Twitter at the agreed-upon price after spending months trying to get out of the deal, just as the Delaware court was preparing to rule in the standoff. “This is unique…

Judge postpones Twitter trial, gives Musk time to complete acquisition

October 7, 2022 mohmad free

A judge has postponed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. Musk asked to stop the upcoming trial in Delaware court, as billionaire Tesla was expected to do poorly against Twitter’s lawsuit to force him to complete a merger agreement in April. Musk revived his takeover bid on Monday but said he needed time to get the right funding. Jude McCormick, chief justice of…

Musk reverses course again: He’s ready to buy Twitter and create an ‘X’ app

October 5, 2022 mohmad free

Security files showed on Tuesday that billionaire Elon Musk is proposing to go ahead with his original $44 billion attempt to take over Twitter Inc (TWTR.N), calling for an end to a lawsuit brought by the social media company that could have forced him to pay. Whether he wanted to or not. The agreement would put the world’s richest person in charge of one of the most influential media platforms and end months of litigation that has damaged the Twitter brand and fueled Musk’s reputation for erratic behaviour. Musk, CEO…

What if Musk lost the Twitter case but defied the court?

October 3, 2022 mohmad free

Twitter wants a Delaware court to order Elon Musk to buy the social networking service for $44 billion, as it promised last April. But what if the judge issued that ruling and corrupted the hold? The Tesla billionaire’s reputation for dismissing government statements is raising concern that he may violate an unfavorable ruling of the Delaware Chancery Court, known for its handling of high-profile business disputes. Musk hopes to win the case, which heads to the October trial. Twitter’s lawyers are set to remove him as of Thursday. But the…

NASA and SpaceX to study ways to enhance the orbit of the Hubble Telescope

October 2, 2022 mohmad free

Agency officials announced Thursday that Elon Musk’s SpaceX plans to fund a study with NASA to study ways to use the space company’s Dragon capsule to raise the orbital height of the Hubble Space Telescope, which would extend its useful life. NASA Chief of Science Thomas Zurbuchen told reporters during a brief press conference that SpaceX, whose Crew Dragon capsule carries astronauts’ ferries and cargo to and from NASA’s International Space Station, will fully fund the six-month study. “A few months ago, SpaceX approached NASA with the idea of doing…