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Stripe Raises $600 Million, Becomes US Most Valuable Startup

15Mar By AdityaNo Comments

FUNDING

Stripe Raises $600 Million, Becomes US Most Valuable Startup

San Francisco, 03/15/2021: Digital payment company Stripe raises $600 million in funding at a valuation of $95 billion, The payment startup becomes US most valuable company surpasses Elon Musk's SpaceX. At the top TikTok owned ByteDance is the most valued digital company at around $180 billion in the world. Founded in 2010 by Patrick and John Collison, Stripe allows companies to accept online or in person card payments. Stripe has more than 50 companies each processing over $1 billion annually. Its list of customers includes Google, Uber and Amazon, and more recently shipping giant Maersk and Jaguar Land Rover. San Francisco and Dublin-headquartered company said it would use the capital to invest in its European operations and expand its global network. At $95 billion, Stripe ...

19Aug By AnkitaNo Comments

FUNDING

Space Tech Startup Pixxel secures USD 5 million in funding

Bengaluru, 19th Aug 2020: Indian space-technology startup Pixxel has raised USD 5 million in a seed round led by Blume Ventures, growX ventures, and Lightspeed India. The round also included contributions from Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson, a veteran in the earth imaging space, it said in a statement. The new funding will strengthen Pixxels plans for its first satellite launch later this year and accelerate development of the second satellite, it said. In conjunction with the funding, Ryan Johnson, previously founder and CEO at Blackbridge, a Canadian earth- imaging company, and ex-President at Planet Labs, one of the largest satellite imaging companies in the world, will be joining the Board of Directors at the compan...

18Aug By AdityaNo Comments

FUNDING

SpaceX raises $1.9 billion in funding

Elon Musk-led aerospace company SpaceX raises $1.9 billion in new funding, according to a regulatory filing on Tuesday. This would be the largest funding round raise by SpaceX till date. Bloomberg, in its report, said that the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter. SpaceX is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. Its designs, manufactures and launches the world’s most advanced rockets and spacecraft.

Elon Musk Led SpaceX Re-useable Rocket Failed During Landing

21Feb By AnkitaNo Comments

News

Elon Musk Led SpaceX Re-useable Rocket Failed During Landing

SpaceX successfully launched its latest cluster of high-speed internet satellites into orbit but was unable to land its rocket booster on an autonomous ship, missing a key milestone. The private company founded by billionaire Elon Musk has revolutionized spaceflight in recent years by developing rockets capable of delivering their payload in space then flying back to Earth and landing upright on a target zone, ready to be-reused. It has successfully landed its booster 49 times previously and Monday''s mission would have been the 50th. "We had an on-time liftoff this morning, a good stage separation, first stage made its way back to Earth," manufacturing engineer Jessica Anderson said during a live feed of the mission, which launched from Cape Canaveral, Florida at 10:05am (local ...

Elon Musk’s SpaceX plans to lay off 10% of its over 6,000 employees

12Jan By Press Trust of IndiaNo Comments

News

Elon Musk’s SpaceX plans to lay off 10% of its over 6,000 employees

SpaceX plans to lay off 10 per cent of its more than 6,000 employees, a source familiar with the decision said on Friday. "To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, SpaceX must become a leaner company," Elon Musk, said. "Either of these developments, even when attempted separately, have bankrupted other organizations," it added. "This means we must part ways with some talented and hardworking members of our team." It added that the trim down was "only due to the extraordinarily difficult challenges ahead."Citing an email sent to employees on Friday, the Los Angeles Times said the company was offering those affected a minimum of eight weeks' pay and other benefits, including career coaching an...

SpaceX Completes Last Mission of 2018, Launch a Military GPS Satellite

24Dec By Gauri SinghNo Comments

USA

SpaceX Completes Last Mission of 2018, Launch a Military GPS Satellite

SpaceX has successfully launched the United States Air Force’s first Global Positioning System (GPS) III satellite, nicknamed Vespucci, from Cape Canaveral, Florida this morning in what was the aerospace company’s first U.S. national security mission to date. The company had planned to complete the launch, its last of the year, earlier this week but heavy winds imposed delays. SpaceX won the National Security Space (NSS) contract with the Air Force in 2016 and intends to launch an additional four GPS III missions on Falcon 9, a two-stage rocket manufactured by the company. The GPS is owned by the U.S. military and operated by the Air Force. Built during the Cold War, it’s been used for commercial purposes since the ...

Tesla Stock Drops After Elon Musk Smokes Weed on a Talk Show

16Sep By AdityaNo Comments

News

Tesla Stock Drops After Elon Musk Smokes Weed on a Talk Show

Elon Musk led Tesla's share price drops 8.2% after he took a puff of marijuana during a live YouTube talk show. In The talk show of The Joe Rogan Experience, the anchor host Rogan who lit up a joint more than two hours into the interview and this is how Elon started asking about the joint, Elon asked, “So is that a joint? Or is it a cigar?” Rogan said, it's marijuana inside tobacco, and asked Elon, did you ever tried it? “I think I tried once,” Musk replied with a laugh. “C’mon, man. You probably can’t because of stockholders, right?” Rogan said. “I mean it’s legal, right?” Musk said. “Totally legal,” Rogan said. “OK,” Musk said. Then Elon took a puff of a cigratte and drink whisky. After a while Musk starts receiving the messages from his friends saying, ‘What the he...

Elon Musk Deletes Facebook Pages of Tesla and SpaceX

24Mar By Sheldan RungasamyNo Comments

News

Elon Musk Deletes Facebook Pages of Tesla and SpaceX

A few days ago, Whatsapp co-founder and former Facebook employee Brian Acton joined the Delete Facebook campaign by posting tweets encouraging individuals to delete their accounts on the social media website. His position against the social media website comes in the wake of Facebook’s data breach scandal with Cambridge Analytica. Elon Musk, the famous CEO of SpaceX and Tesla, shared Acton’s opinion and took to the micro blogging website to show support to the campaign. Indeed, the eccentric CEO retweeted Brian Acton’s tweet asking, “What’s Facebook?” What’s Facebook? — Elon Musk (@elonmusk) March 23, 2018 Another Twitter user then suggested Musk to delete SpaceX’s Facebook page and lived up to his words. “I didn’t realize there was one. Will do,” he replied. I didn’t real...

Elon Musk Set to Receive over $2.6 Bn Pay Package From Tesla

22Mar By Sheldan RungasamyNo Comments

News

Elon Musk Set to Receive over $2.6 Bn Pay Package From Tesla

Shareholders of Tesla Inc, the electric car and solar panel maker have agreed to deliver an incredible pay package to famous CEO Elon Musk worth $50 billion if he makes the company reach their targets over the next 10 years, stated a person participating in the vote which took place in California, where Tesla’s headquarters are found. The participant, who preferred to remain anonymous because official vote results have not yet been released states that the agreement was by a large margin. The final results will be shared next week in a filing to the U.S. Securities and Exchange Commission. Tesla says the pay package, an all-or-nothing agreement is worth $2.6 billion looking at the current stock values, but it could increase significantly if Musk reaches the 12 incredible targets whic...

SpaceX launches Falcon Heavy with Elon Musk’s Tesla Car in it

7Feb By Sabhyata AgarwalNo Comments

News

SpaceX launches Falcon Heavy with Elon Musk’s Tesla Car in it

SpaceX launched its most powerful rocket, Falcon Heavy on Tuesday around 3:45 pm ET, from Kennedy Space Center in Florida. Thousands of witnesses were heard cheering on the company's live stream in Florida, which was viewed by 3 million people from all around the world. More photos from Falcon Heavy's first flight → https://t.co/095WHX44BX pic.twitter.com/6vlXJoYif0 — SpaceX (@SpaceX) 7 February 2018 Although it wasn't clear up to the launch that the rocket would work or not. The rocket's smooth take-off stunned everyone. However, the most magnificent thing about the Falcon Heavy wasn't only its convincing muscular body but also a fact that it carried Elon Musk's personal Tesla (TSLA)roadster along with three hefty telecommunications satellites into orbit. "Pe...

How Tesla’s First Truck Charging Stations Will be Built

3Feb By reutersNo Comments

Tech

How Tesla’s First Truck Charging Stations Will be Built

Elon Musk, the chief executive of Tesla Inc, has said little about how he plans to turn his prototype electric truck into reality. But Reuters has learned that Tesla is collaborating with Anheuser-Busch, PepsiCo and United Parcel Service Inc to build on-site charging terminals at their facilities as part of the automaker’s efforts to roll out the vehicle next year. Details of the partnerships, which have not been disclosed previously, are still being hammered out, but include design and engineering from Tesla, the companies said. They declined to disclose what portion of the building costs, if any, Tesla would pay, or whether Tesla would be compensated for its work. The firms are among nine major corporations that have placed pre-orders for Tesla’s truck, dubbed the Semi. With ...

This Little Mistake May Force Elon Musk To Change His Phone Number

20Dec By RishabhNo Comments

News

This Little Mistake May Force Elon Musk To Change His Phone Number

Sometimes even tech moguls like Elon Musk make silly mistakes. Elon Musk committed a blunder on December 19 by accidentally revealing his cell phone number on Twitter. He was quick in realizing his mistake but for person who has more than 16 million followers, he was not fast enough. Here's what happened Musk in an attempt to contact John Carmack, the CTO of Facebook-owned Oculus, instead of sending him a private text message, posted a tweet, tagging him. This is what he tweeted: “Do you have a sec to talk? My cell is …” As soon as he tweeted, it went viral on twitter and some of his fans quickly took a snap of it. To the surprise, CNBC even called on that number. Although nobody picked up and the call went to voicemail, but they did hear Musk's voicemail greeting.Check it o...