Musk says may need $30 bln to keep Starlink in orbit
Billionaire entrepreneur Elon Musk said on Tuesday that his Starlink satellite internet venture was growing quickly as he forecast total investment costs in the business at between $20 billion and $30 billion.
Analysis: When do electric vehicles become cleaner than gasoline cars?
You glide silently out of the Tesla (TSLA.O) showroom in your sleek new electric Model 3, satisfied you’re looking great and doing your bit for the planet.
Musk set to tout Starlink progress as cost, demand hurdles linger
Don Joyce, a Nokia director working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk’s SpaceX.
Explainer: What’s happening with Tesla’s $7 billion German ‘gigafactory’?
Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.
SpaceX’s Starlink expects it can provide global coverage around September
Starlink, the satellite internet unit of Elon Musk’s SpaceX, expects to be able to provide continuous global coverage by around September but will then need to seek regulatory approvals, its president Gwynne Shotwel said on Tuesday.
Shares in record-setting spree as Fed meeting looms
World stocks hit yet another record high on Tuesday, with European stocks poised for their longest winning streak since 2019 as investors bet likely “transitory” inflation pressures will stay the U.S. Federal Reserve’s hand from signalling a shift in policy settings.
Asian shares rise in early trade, investors eye Fed meeting
Asian shares rose early on Tuesday, tracking Wall Street higher, though investors looked to a much-anticipated Federal Reserve policy meeting to see if the central bank would signal any change to the U.S. monetary policy outlook.
Crypto sees 2nd week of outflows; ether posts record outflows -CoinShares
Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday.
S&P 500, Nasdaq hit record closing peaks on eve of Fed meeting
The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week’s Federal Reserve meeting and not on adding to existing positions.
Stocks tread water as investors await Fed policy insights
Global stock markets were mixed while U.S. Treasury yields ticked up on Monday, as investors waited for the results of a Federal Reserve policy meeting before making any major new bets.
