Tag: Space Exploration Technologies Corp

Technology

Elon Musk-led SpaceX Illegally Fired Workers Who Criticized Him In A Letter, NLRB Alleges

 SpaceX was accused by the US labor board of illegally firing eight employees over an internal letter sharply critical of Chief Executive Officer Elon Musk.A regional director of the National Labor Relations Board issued a complaint against SpaceX Wednesday, alleging that the company illegally interrogated, surveilled and retaliated against workers, agency spokesperson Kayla Blado said in an email. The fired workers include authors of a 2022 open letter protesting “inappropriate, disparaging, sexually charged comments on Twitter” by Musk, their attorneys wrote when they brought the case in 2022. The NLRB's complaint alleges that SpaceX management told workers it had terminated the employees because of their open letter, restricted others from distributing it, and threatened termination...
Technology

SpaceX Tender Offer Is Said to Value Company at $140 Billion

Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the closely held company’s valuation to about $140 billion, according to people familiar with the matter. Elon Musk's SpaceX is offering to sell insider shares at a price that would raise the closely held company's valuation to about $140 billion, according to people familiar with the matter. Space Exploration Technologies Corp., as the company is formally called, is offering the shares for $77 apiece, said the people, who asked not to be identified because the information wasn't public. The $140 billion figure compares with a $127 billion valuation in July, according to data provider PitchBook. In recent weeks, SpaceX had held conversations for a range of prices but ultimately settled on $140 bill...
Technology

T-Mobile Gains After Musk Teases ‘Special’ SpaceX Event

T-Mobile US Inc. shares rose after Elon Musk’s SpaceX said it would host an event on Thursday to reveal plans for the two companies to “increase connectivity.” T-Mobile US Inc. shares rose after Elon Musk's SpaceX said it would host an event on Thursday to reveal plans for the two companies to “increase connectivity.”Musk will host the event at SpaceX's Starbase in Boca Chica, Texas, with T-Mobile Chief Executive Officer Mike Sievert at 7 p.m. Central time, according to an announcement posted online. No additional details were given about the event, which Musk tweeted will be “something special.” Space Exploration Technologies Corp., a private spacecraft manufacturer and launcher, owns Starlink, which provides internet acces...