Not the first time Fidelity marked down its investment and I suspect it won’t be the last:
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
[Bloomberg.com]
The Washington Post reports regulators have hit Elon Musk’s Boring Company with multiple complaints over careless, unpermitted work in Bastrop County, Texas.
Elon’s “Snailbrook” plans to build a private community around his SpaceX and Boring Company facilities — as well as local unease about the effects of Elon’s “move fast” ethos on the countryside — have been reported by The Wall Street Journal and the San Antonio Express-News.
From the Post:
Amy Weir, a local property owner, said Musk’s companies have “no doubt done amazing things,” but that there was no need for them to “reinvent wastewater treatment” when the city was ready to handle the job. The penalties for violating the permit were far too low, she added. “The owner of these companies spent $44 billion on Twitter, and it had no impact on his ability to continue to build these businesses,” she said.
[Washington Post]
A little over a month after Starship obliterated its launchpad and went kablooey before it reached stage separation, SpaceX CEO Elon Musk tweeted that it will be ready again in about two months, pending launchpad upgrades and rocket testing.
Yesterday, SpaceX released a dramatic video recapping the first flight, if you want to watch it with synth-heavy piano music behind it.
The team apparently has had as many as 100 people, but it’s been significantly cut down, Platformer reports. Perhaps that’s partially why the Twitter Space to launch Ron DeSantis’ presidential campaign was such a disaster.
[www.platformer.news]
The last Twitter Space Elon Musk attempted to host didn’t go so well, but he’s trying again anyway. Instead of a politician announcing a run for president, however, he’s logging on to talk with Ford CEO Jim Farley about “Accelerating EV adoption.”
With competition for electric cars heating up — are we about to see a new partnership for Tesla? The event is scheduled to start at 5:30PM ET.
Vice used FOIA requests to uncover some key emails between SpaceX and the FAA.
The Federal Aviation Administration’s Privacy ICAO Aircraft Address program (PIA) allows private jet owners to essentially create a dummy or “temporary” aircraft registration number that is known only to the jet’s owner and the U.S. government.
Emails obtained by Motherboard show that SpaceX enrolled Elon Musk’s private jet in this program sometime prior to August 2022, but failed to properly implement the temporary tail number, allowing the plane to continue being tracked under its real, permanent tail number.
Plus, they were sent at around the same time as Musk and Twitter were banning / unbanning @ElonJet and journalists who mentioned it. Meanwhile, the guy behind the account is just starting another tracker for Ron Desantis.
A bad cover version.
The lawsuit from the six employees has some startling allegations about how Elon Musk’s transition team deliberately planned to breach contracts and not pay bills, among other things. A Musk staffer apparently flat-out told one of the employees that “we just won’t pay rent.” (Twitter’s landlord in San Francisco has sued the company over, well, not paying rent.)
[San Francisco Chronicle]
