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Microsoft hasn’t ruled out spinning off Xbox
Microsoft is preparing to lay off a significant chunk of its Xbox division and is reevaluating the plans for its next-generation Project Helix console. It's apparently also considering dramatically restructuring its relationship with Xbox, and hasn't ruled out spinning it off into a separate company.
A new report from The Information suggests that Microsoft has considered some dramatic measures to make its Xbox unit more sustainable. That includes turning it into a wholly owned subsidiary, a joint venture, or even spinning it off entirely, with the possibility of selling the business. The report doesn't suggest anything is imminent, but it …
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Elon Musk Is the World’s First Trillionaire
Elon Musk is the world’s first trillionaire
Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.
SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …
SpaceX’s massive IPO: all the latest news
SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire.
He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.
Follow along here for the latest updates.
- SpaceX reportedly rented out Colossus 1 AI data center after it ran into latency issues.
- The world’s first trillionaire is a killer
- Forbes Real-Time Billionaires list adds a trillionaire.
- A trillion dollars is a stupid amount of money
- Elon Musk is the world’s first trillionaire
- SPCX opens at $150 per share.
- SpaceX is now public
- Elon Musk is encouraging race riots on the eve of SpaceX’s IPO
- Here’s the first SpaceX AI data center.
- The SpaceX IPO is great for Elon Musk and terrible for you
- SpaceX gets $4 billion contract to build missile-tracking ‘Golden Dome’ satellites
- In SpaceX’s IPO, Elon Musk is the risk factor
- SpaceX just filed for what could be the biggest IPO ever
- The SpaceX IPO is a trillion-dollar gamble on the future of space
- SpaceX reportedly files for IPO but it’s keeping the numbers secret (for now)
- Why is SpaceX going public?
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SpaceX raised $75B in record IPO—why insiders like Elon Musk are much likelier than public stock buyers to benefit
SpaceX is now public
SpaceX is now a publicly traded company.
In one of the most highly anticipated and controversial public offerings of all time, the rocket venture helmed by Elon Musk started trading on Nasdaq on June 12th at the take-it-or-leave-it price of $135-per-share - though most retail investors will likely pay far more.
The IPO is historic for many reasons: SpaceX is hoping to raise $75 billion under the ticker symbol SPCX, which would make it the largest public offering in history. The company is controlled by Musk, who also runs Tesla, another trillion-dollar company. The IPO is expected to make Musk, who is set to control 85 percent of the voti …
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