News
Musk is the world's first trillionaire. Who was the first billionaire?
1+ hour, 42+ min ago (749+ words) The milestone suggests a new era has arrived of frenzied market interest in tech and AI [NEW YORK] On Friday (Jun 12), the world's richest person, Elon Musk, became its first trillionaire, following a record-setting initial public offering from Space X,…...
Comfort Del Gro eyes China and Singapore for robotaxi markets
17+ hour, 42+ min ago (752+ words) [SINGAPORE] Transport operator Comfort Del Gro (CDG) expects China and Singapore to be its prime markets for autonomous vehicles (AVs) in the near future. At a media briefing on the company's AV strategy on Friday (Jun 12), Michael Huang, CDG's head…...
Europe's top carmakers urge simple "Made in Europe' rules
16+ hour, 41+ min ago (419+ words) In a joint letter, they are calling for 70% of vehicles sold in EU to source 70% of their value from within the bloc [MILAN] Automakers Volkswagen, Stellantis and Renault, which account for about 60 per cent of Europe's car output, are urging…...
Mercedes GLE 400 e Coupe review: Why this Benz could be worth half a million after all
1+ day, 19+ hour ago (872+ words) The GLE 400 e 4 Matic Coupe is many cars in one, including a part-time electric vehicle. Does it work, or does it come apart at the seams? [SINGAPORE] The Mercedes GLE 400 e Coupe is such a mish-mash of genres, it could…...
From moonshot to markets: Understand the mechanics before plunging into Space X's mega IPO
1+ day, 14+ hour ago (1256+ words) For investors, the more interesting point is not the headline valuation, but what actually comes into the market. EVERY once in a while, the markets are presented with an IPO story that feels larger than finance. Space X is one…...
Space X IPO makes Elon Musk the world's first trillionaire
1+ day, 5+ hour ago (879+ words) FEW business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in Internet culture and amassed a fortune that has made him the world's first trillionaire. At a…...
Space X's IPO success may rub off on Ambani's listing of Jio Platforms
1+ day, 22+ hour ago (143+ words) A string of mega-initial public offerings in the US shows there is no lack of demand for tech listings THE insatiable investor demand for Elon Musk's Space X will be music to the ears of another billionaire half a world…...
Space X IPO more than four times oversubscribed: sources
2+ day, 4+ hour ago (326+ words) SPACEX's initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter, ahead of the Elon Musk-led rocket, satellite and artificial intelligence firm stopping taking orders. The banks were expected…...
The Space X IPO proves the US stock market is broken
2+ day, 21+ hour ago (154+ words) STEVEN Spielberg has an alien movie opening in June, but that may not be the biggest science fiction blockbuster of the summer; it could be the Space X initial public offering (IPO). As part of its pitch to sell shares…...
Space X IPO: The noisy spectacle that defies logic might be exactly what Singapore needs
2+ day, 21+ hour ago (177+ words) To be a hub for growth capital, the city needs to develop a tolerance for companies with hyped-up valuations "[SINGAPORE] Imagine a businessman walking into a boardroom to pitch an initial public offering. He tells investors his company is bleeding…...