Nvidia Corp’s acquisition of Arm will harm competition: Elon Musk

Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…

Tesla will accept bitcoins when miners use more renewable energy sources: Elon Musk

In a tweet, Elon Musk, Tesla Inc’s CEO said, the electric carmarker will accept bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” said Musk in a tweet. Following Musk’s tweet, the…

Elon Musk’s Starlink satellite internet service receives 500,000 preorders

In a statement SpaceX’s founder Elon Musk said, the company has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems at meeting that demand. The “only limitation is high density of users in urban areas,” tweeted Musk in response to a post from a CNBC reporter that said the…

Elon Musk’s brain-chip startup shows monkey playing Mind Pong

In a massive breakthrough, Elon Musk’s brain-chip startup Neuralink released video footage showing a monkey playing a simple videogame after getting implants of the new technology. The 3-minute video shows Pager, a male macaque with embedded chips on each side of its brain, playing ‘Mind Pong’ and controlling the paddle by simply thinking about moving…

Luxury EV maker Lucid Motors to go public with $11.75 merger with black check company Churchill Capital IV Corp

In a statement luxury electric vehicle maker Lucid Motors stated, it will go public by merging with blank-check firm Churchill Capital IV Corp in a deal that values the combined company at $11.75 billion. Incidentally, CCIV, which has the backing of Michael Klein, and new private investors are getting shares at different prices: the new…

SpaceX raises $850 million in fresh equity funding round, sees valuation jump to $74 billion

According to a report from CNBC which citing sources familiar with the financing, Elon Musk’s SpaceX has completed an equity funding round of $850 million which sent its valuation soaring to nearly $74 billion. SpaceX raised the funds at $419.99 a share, said the report. SpaceX did not immediately respond to requests for comments.

SpaceX bags SDA contract to track ICBM launches

In a defining moment for SpaceX, Elon Musk’s space venture has won a $149 million contract to build missile-tracking satellites for the Pentagon, said the U.S. Space Development Agency (SDA) in a statement on Monday. The development marks SpaceX’s first government contract to build satellites. Known for its reusable rockets and astronaut capsules, SpaceX is…