A Falcon 9 booster turns 5 years old—and just set a remarkable reuse record
… The success of Falcon 9 allowed SpaceX to launch cargo and then crew to the space station for NASA, giving it instant credibility as a global spaceflight leader. …
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eBay rejects GameStop's $56B offer: "Your proposal is neither credible nor attractive"
… Pressler said the board and its independent advisors thoroughly reviewed GameStop’s unsolicited bid and found numerous problems. “We have taken into account such factors as 1 eBay’s standalone prospects, 2 the uncertainty regarding your financing proposal, 3 the impact of your proposal on eBay’s lo… …
Here's what Jeff Bezos' new startup Prometheus will do
… Samuel Axon is the editorial lead for tech and gaming coverage at Ars Technica. …
Famously secret about its finances, SpaceX opens its books for the first time
… Compensation details The document includes some interesting details about the company’s leadership. After the IPO concludes and SpaceX becomes a public company, Musk will retain 85.1 percent of the “combined voting power” in leading SpaceX. …
South Korea to spend $1T on more memory chip production and humanoid robots
… The announcement comes as South Korean companies such as Samsung and SK Hynix have enjoyed record profits and stock valuations due to the AI industry’s demand for memory chips—with the subsequent supply strain leading to memory chip shortages and higher prices for consumer electronics. …
Rocket Report: Nova moving through test campaign; SpaceX IPO launches Friday
… The company will initially trade at a valuation of $1.75 billion, which some analysts say is overvalued. …
Elon Musk tries again to escape FTC audits of X data handling
… They suggested that he knew about the order before purchasing Twitter and that the compliance costs he references are proportionate to the scale of the violation, particularly considering X’s one-time $44 billion valuation . …
GameStop offers $56 billion for eBay, struggles to explain how it'll pay for it
… Morgan Stanley analysts expressed skepticism about “how a deal would be financed given the material valuation gap.” If completed, they said it could end up as the largest leveraged buyout ever, “surpassing the recently announced $55 billion Electronic Arts transaction .” GameStop said that eBay spe… …
This former hacker saw the light—and now wants to collect all of it
… He was one of the first employees at OpenSea, leading engineering there. The company was printing money, and in January 2022, it raised $300 million at a $13.3 billion valuation. “I cashed out after that, and then crypto tanked,” Roelker said. …
How to burst the AI bubble: Strike at its roots
… Imaginary markets have no agreed-upon valuation because you just made them up. …