Key Points SpaceX trades above a 100 price-to-sales ratio and continues to burn through cash. Elon Musk is aiming for $100 billion in annual SpaceX revenue by 2028, but he has missed overly ambitious goals in the past as well. The fundamentals do not support the current market cap. Musk’s involvement and speculative investing are…
The defining paradox of dictatorship is that the stronger a ruler appears, the more frightened he usually is. In authoritarian systems, overwhelming displays of power are often admissions of insecurity. A confident ruler does not constantly eliminate his own loyalists. Only a ruler haunted by betrayal sees enemies everywhere. That is why Xi Jinping’s latest…
Tesla remains one of the most polarizing automakers in the world, yet its latest sales figures suggest the company continues to attract plenty of buyers. While public debate surrounding the brand has intensified, the numbers show Tesla is still comfortably leading the electric vehicle market. The EV market in the United States has cooled noticeably…
The combined pre-tax losses of Premier League clubs climbed over 600% in the space of one year, according to a new report. Deloitte’s Annual Review of Football Finance found losses among top-flight sides rose from £135 million in the 2023-24 season to £948m in 2024-25. This rise was attributed by Deloitte to transfer spending and…
July 7, 2026, 10:31 p.m. ET After an unsuccessful bid to become the next Los Angeles mayor, Spencer Pratt has met up with another former reality TV star-turned-politician. “The Hills” alum posted a photo on Instagram on Tuesday, July 7, that showed him meeting with President Donald Trump in the Oval Office inside the White…
The Evil Dead Rise director’s latest body horror film is proving that the box office was just the beginning. The horror reimagining continues to find new life on streaming, climbing to the top of a major platform’s charts. Lee Cronin’s The Mummy is dominating on HBO Max Lee Cronin’s The Mummy currently holds the number-one…
LONDON, July 8 — The combined pre-tax losses of Premier League clubs climbed over 600 per cent in the space of one year, according to a new report by leading accountancy firm Deloitte. Their annual review of football finance found losses among English top-flight sides rose from £135 million (RM735.2 million) in the 2023/24 season to…
Key Points After its record-breaking initial public offering (IPO) and follow-up bond offering, Space Exploration Technologies (NASDAQ: SPCX) now has more than $100 billion in fresh capital to deploy. Expect this cash to be deployed quickly. SpaceX is currently losing money at a record pace, and growth will be its best path to profitability. In…
Man, identified as Lorenzo Salgado Araujo, is latest to be killed by ICE officers since President Trump took power. Published On 8 Jul 20268 Jul 2026 A United States immigration agent fatally shot a man in Houston, Texas, while officers were attempting to stop his vehicle, US Immigration and Customs Enforcement (ICE) said. The man…
The next Galaxy Unpacked is set for July 22, 2026 Samsung teases “A New Shape Is Unfolding” A new foldable form factor could debut alongside the existing Fold and Flip phones A week after wiping its social media accounts and replacing them with cryptic teasers — and following months of rumors — Samsung has officially…