SpaceX completed a largely successful test flight of its next-generation Starship rocket on Friday, marking a key milestone as the company moves closer to a potential record-breaking initial public offering. The uncrewed mission, launched from Starbase, Texas, successfully deployed mock satellites and completed a controlled splashdown in the Indian Ocean, achieving most of its planned […]
IPO
Elon Musk brings SpaceX team to overhaul xAI
WASHINGTON — Elon Musk, CEO of xAI and SpaceX, has initiated a major restructuring of xAI, admitting that the company “was not built right the first time around.” Musk has brought in a “fixer” from Tesla and SpaceX to audit the AI company and lead the overhaul, according to recent reports from the Financial Times. […]
Elon Musk restructures xAI ahead of $1.25 trillion SpaceX merger and planned IPO
Billionaire Elon Musk has reorganized his artificial intelligence startup xAI in preparation for a merger with SpaceX and a planned initial public offering later this year, potentially one of the largest IPOs ever. The overhaul follows the recent departure of several co-founders, leaving only six of the original twelve, as Musk positions the company to […]
Elon Musk: SpaceX to prioritize self-growing lunar city before Mars
LOS ANGELES: SpaceX CEO Elon Musk announced on Sunday that the company is shifting its primary focus to building a “self-growing city” on the Moon, potentially achievable within the next decade. While Mars colonization remains a long-term goal, Musk emphasized on X that “the overriding priority is securing the future of civilisation and the Moon […]
Pak-Qatar Takaful IPO enters book-building phase
KARACHI: The initial public offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL) entered its two-day book-building phase on Wednesday, a key step toward its listing on the Pakistan Stock Exchange (PSX). Bidding is scheduled to continue until Thursday, according to the prospectus released by Arif Habib Limited. Read More: Pak–Qatar Family Takaful Limited listed on PSX PQGTL, a […]
IPO,Telenor sign agreement for E-payment Service
ISLAMABAD: Intellectual Property Organization (IPO) -Pakistan and Telenor Pakistan on Wednesday signed an agreement for E-payment services. The agreement was signed by the Directors from either side in the presence of Director General IPO Ms. Shazia Adnan, Meesaq Arif and Muhammad Naseer, Executive Directors IPO, said a press release. This will enable applicants to […]
Why China is hobbling its tech sector
Scuttled listings and share prices hammered by official threats: Beijing has launched a withering and very public assault on some of China’s biggest tech names. The travails of ride-hailing giant Didi Chuxing this week carried a cautionary tale for digital big hitters: what goes up, can come down… and fast. Days after a New York […]