News
Space X Rebuked by Activist Shareholder Over Governance Structure
3+ hour, 39+ min ago (116+ words) Bloomberg Law News An activist shareholder group cautioned investors against purchasing Space X stock when it goes public, as the company's unusual governance structure leaves shareholders few avenues to hold management accountable. Concerns about Space Exploration Technologies Corp. include CEO…...
Space X IPO Set to Give Investors Window Into Crypto Volatility
1+ day, 7+ hour ago (959+ words) Space X's blockbuster initial public offering has raised the prospect of a nearly $2 trillion valuation and IPO windfalls. But it also brings heightened scrutiny to its cryptocurrency holdings'and their sometimes wild fluctuations'under US accounting rules. Elon Musk's rocket, satellite, and…...
Senate Rejects Effort to Restore Biden Power Plant Emission Rule
1+ day, 20+ hour ago (108+ words) Bloomberg Law News Senators voted Wednesday to back the Environmental Protection Agency's moves to loosen emissions standards for power plants fired by coal and oil. The chamber voted 46-53 to reject a motion to start debate on a measure (S. J. Res. 188) that…...
Green Groups, Health Advocates Urge Against Tailpipe Rule Delay
1+ day, 23+ hour ago (86+ words) Bloomberg Law News Environmentalists, healthcare advocates, and private citizens lined up Wednesday to implore the EPA to keep in place a Biden-era vehicle tailpipe emissions rule. The mostly negative feedback heard during the morning of a planned two-day meeting is…...
New Jersey Reaches Utility Agreement in $2. 5 Billion PFAS Accord
2+ day, 51+ min ago (55+ words) Bloomberg Law News New Jersey reached agreements with parties objecting to a PFAS settlement valued at up to $2. 5 billion, so the state renewed its request to have a federal court approve the accord. Learn more about Bloomberg Law or Log…...
Science Fiction Come to Life? Delaware Judge Lets Companies Vote
2+ day, 7+ hour ago (112+ words) Bloomberg Law News Fun fact about a Delaware coastline celebrated for its iconic boardwalks, lively arts scene, and hordes of vacationing politicians each summer: You don't have to be human to vote there. A first-of-its-kind court decision affirming that some…...
Early Space X Investor Says Tesla Tie-Up Is Only a Matter of When
1+ week, 1+ day ago (150+ words) A post-IPO merger between Space X and Tesla Inc. is inevitable and only a question of timing, because Elon Musk will want to consolidate control across his companies, according to early Space X investor Peter Diamandis. The combination makes sense…...
Tesla Has Sold $890 Million of EVs and Batteries to Space X
2+ week, 1+ day ago (134+ words) Tesla Inc. has generated around $890 million in revenue from Space X and x AI since 2023, a substantial sum underscoring the extent of commingling across Elon Musk's business empire. In a regulatory filing released Wednesday, Musk's recently combined rocket maker and…...
Massachusetts Uber, Lyft Drivers Unionize Under State Program
1+ week, 3+ day ago (85+ words) Bloomberg Law News Rideshare app drivers in Massachusetts became the first in the nation to formally unionize after the state passed a ballot initiative giving those workers the right to collectively bargain. The App Drivers Union said in a statement…...
Gracias" Valor Stands to Pocket Billions From Space X IPO (1)
2+ week, 1+ day ago (97+ words) Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in Space X through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a…...