Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space, in Van Horn, Texas, July 20, 2021. Joe Raedle | Getty Images Jeff Bezos‘ space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites into…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Billionaires’ wealth has risen sharply to a record high of $18.3 trillion — with the super-rich seeking power “for their own gain,” according to a report by the global charity Oxfam released Monday. The…
Billionaire philanthropist MacKenzie Scott has unveiled the final tally for her 2025 charitable donations, which totaled $7.17 billion in gifts to roughly 225 organizations, she wrote in a blog post published on Tuesday. “This dollar total will likely be reported in the news, but any dollar amount is a vanishingly tiny fraction of the personal…
Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk’s aerospace and…
Startup Figure AI is developing general-purpose humanoid robots. Figure AI Figure AI, an Nvidia-backed developer of humanoid robots, was sued by the startup’s former head of product safety who alleged that he was wrongfully terminated after warning top executives that the company’s robots “were powerful enough to fracture a human skull.” Robert Gruendel, a principal…
Chip Somodevilla | Getty Images In Google’s IPO prospectus 21 years ago, founders Larry Page and Sergey Brin gave a flattering nod to Warren Buffett, suggesting in their letter to prospective investors that the billionaire investor was a big influence. They titled their founders’ letter, “‘An owner’s manual’ for Google’s shareholders,” and indicated that there…
Amazon founder Jeff Bezos is getting his hands dirty once again: The billionaire is partially backing a new AI startup called Project Prometheus, which has raised $6.2 billion in funding, and will take over as co-chief executive of the new venture, The New York Times reports. informedCiting multiple sources familiar with the project. Bezos will…
SpaceX’s Starship rocket 38 launches during the 11th test flight on October 13, 2025 as seen from South Padre Island in Texas. Gabriel V. Cardenas | Afp | Getty Images SpaceX said it has pitched NASA a “simplified mission” to put astronauts back on the moon following criticisms over delays by Sean Duffy, the space…
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs…
In 1996, David Risher told Bill Gates he was quitting his management role at Microsoft, then already one of the world’s largest companies with annual revenue of nearly $8.7 billion, to take a job at a “tiny, little bookstore online,” called Amazon. “It wasn’t an entirely rational move,” Risher, who is now CEO of Lyft,…
