Elon Musk says SpaceX has no need for additional capital and will be buying back shares. This must mean that the over 3 million Starlink customers that they have now and likely 5 million by the end of the year make SpaceX consistently profitable. SpaceX is adding about 1500 Starlink gen 2 mini satellites for …
There are comments from some OpenAI insiders that the OpenAI executive and board battle will be resolved by the end of today. However, it looks like many key OpenAI will leave for new or other companies. There will be the winning group that stays at OpenAI and then the losing side will go to its …
If Bill Gates had kept his 45% share of Microsoft from after the IPO then he would be worth $1 trillion and not $129 billion today. This would also need to factor in Bill Gates donating about $57 billion to charities. He almost completely missed the stock booms from Microsoft, Google, Apple, Facebook and Netflix. …
Bill Gates bet billions against Tesla in a method called short selling. Short selling involves borrowing a security from a broker and selling it on the open market. Short selling adds liquidity to a market by increasing the volume of buying and selling above normal levels. This volume would not exist without short sellers. The …
David Friedberg of the All-in-Podcast is hopeful that LK99 is real and can lead to industrial scale commercial room temperature superconductors. Friedberg estimates that 70% of the energy we produce is lost to heat and friction. However, computer chips and networking without heat problems can mean computers that are 100 to 200 times faster. The …
Hurun is a maker of wealth reports and list with a British founder. Hurun Report is run by former Forbes rich list researcher Rupert Hoogewerf, publishes its own count every April, two months after Forbes. Founded in 1999, Hurun Report is a private company that produces lists and research. Hurun report claims China tops the …
Jeff Bezos, Amazon, was the wealthiest from 2017 to 2021 but now he is fourth behind Larry Ellison according to Forbes. Bloomberg still lists Jeff as third richest. Larry owns about 45 million shares in Tesla (about 1.5%) and owns approximately 42.9% of Oracle. Larry has about $12 billion of Tesla. Oracle has a market …
Amazon stock has fallen 24% today including afterhours trading and sent Jeff Bezos net worth to about $107 billion. Elon Musk is at about $211 Billion in net worth. Amazon has lowered guidance for the fourth quarter. Meta is down 25% today and Mark Zuckerberg with about 12.8% is down to about $40 billion in …
South Korea has about 2% of the developed world population but individual retail investors have 6 times the global developed world average invested in Tesla. Non-Korean private retail investors own about 12.6% of all Tesla shares and the Koreans have 1.6%. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with …
In 2006, I made a list of 152 public future predictions. I made a prediction that there would be 20 million millionaires by 2018-2020. This was triple the number of millionaires in the world in 2004. The 2004 numbers were and what were available and known in 2006. A new study from Capgemini published in …
Bloomberg reported that Kanye West has a net worth of $6.6 billion but Forbes believes his wealth is about $1.8 billion. Other reports have his net worth around $3 billion. Kanye West is 44 and has very high earnings as a performer and has made several very good business deals. He seems destined to get …