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SpaceX sets aside up to 5% of shares in IPO for certain employees and friends
SpaceX has reserved up to 5% of stock being sold in its initial public offering for purchase by "certain employees and persons" in a direct share program, according to an amended filing out Monday. The offering is expected to bring in a record sum, in the range of $75 billion, after SpaceX was valued earlier this year at $1.25 trillion by Elon Musk, when he merged the company with xAI, his artificial intelligence startup. Only two tech companies — Facebook and Alibaba — have been valued at...
The SpaceX IPO Will Be the Theft of the Century
The SpaceX IPO Will Be the Theft of the Century An S-1 full of fantasies, insiders who will pocket millions, index companies that have changed the rules: it's all a recipe for regular people to have their pockets picked. As the SpaceX IPO approaches, a few observations and predictions: I. As a Business, SpaceX Will Be a Spectacular Failure In a real sense, the entire SpaceX value proposition rests upon the Starship project. And when I say “Starship,” I mean a Starship version that is far...
Powering up a module from the IBM 604: an electronic calculator from 1948
1948 was an interesting time for computing. For decades, businesses had used punch card equipment that added and sorted electromechanically. Now these electromechanical relays and counting wheels were being used to build room-filling general-purpose computers such as Harvard Mark I (1944) and IBM's SSEC (1948).