After Donald Trump hiked the annual fees for H-1B visas to $100,000, sending shockwaves among foreign workers in the US, Tesla CEO Elon Musk’s old tweets on his flip-flop stance on the visa program have gone viral. Musk, who was born in South Africa, initially defended the H-1B system, crediting it with allowing him and…
Elon Musk‘s SpaceX has recently made a $17 billion deal to acquire a set of airwave licenses from EchoStar. This move is part of a plan to create a seamless mobile satellite network that will provide all the features of a regular cell phone service, even in remote areas. Such a service will help users…
Then-President-elect Donald Trump and Elon Musk view SpaceX’s sixth Starship test flight last November. Credit: Shutterstock / This story was originally published by ProPublica, a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. Before and after the 2024 election, Elon Musk made it…
Today’s quest for dominance in outer space looks quite different from the first space race between the U.S. and Russia in the 1950s. The new book “Rocket Dreams” looks into the new era, including the trillion-dollar competition between Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. Author Christian Davenport joins “The Takeout” to discuss. Source…
Elon Musk has revealed that SpaceX and Starlink are working on technology that will allow mobile phones to connect directly to Starlink satellites within roughly two years. This innovation aims to provide global high-bandwidth connectivity without relying on traditional regional carriers. According to Musk, the move could let users “watch videos anywhere on your phone,”…
SpaceX has agreed to acquire 50 MHz of wireless spectrum and mobile satellite service spectrum licenses from EchoStar for its Starlink satellite network. EchoStar will sell its AWS-4 and H-block spectrum licenses in exchange for $8.5 billion in cash and $8.5 billion in SpaceX stock. SpaceX said it would let it develop and deploy its…
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday, according to wealth tracker Bloomberg, as stock in his software giant rocketed more than a third in a stunning few minutes of trading. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says,…
In a wide-ranging video interview at the All-In Summit, the world’s richest man was asked about his intentions in the satellite-to-cell-phone space It’s going to take a couple years before a phone supports the spectrum that SpaceX is acquiring from EchoStar LightShed analysts said Musk’s point about not displacing carriers reinforces their view that SpaceX…
It’s the fourth consecutive year at the top of The Forbes 400 for the wealthiest billionaire in the U.S.—and the world. Over the past year, Elon Musk has been up (campaigning for Donald Trump and then briefly running the president’s new Department of Government Efficiency) and he’s been down (predictably falling out with Trump and…
EchoStar has secured a financial lifeline from Elon Musk, whose SpaceX has agreed to pay $17 billion to acquire large amounts of its wireless spectrum. The parent company of Dish Network has been transitioning to wireless over the past few years as the pay-TV business continues to erode. Wrong-footed by fluctuating interest rates, it found…