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Elon Musk Says Starlink Hit Breakeven Cash Flow

Elon Musk Says Starlink Hit Breakeven Cash Flow

Share to FacebookShare to TwitterShare to LinkedinTopline Billionaire Elon Musk announced that Starlink—a satellite internet offering from his aerospace company, SpaceX—“achieved breakeven cash flow” on Thursday, just months after news broke that the offering had greatly increased its revenue, but fallen short of Musk’s expectations last year. Starlink reportedly generated $1.4 billion in 2022, which…

Coinbase’s Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed

Coinbase’s Q3 revenue beat expectations, but its shares fell as growth prospects underwhelmed

Coinbase, the second-largest crypto exchange by trading volume, released its Q3 2023 earnings on Thursday, giving shareholders and market participants an opportunity to see what’s going on under the hood. In response to the report, the company’s stock is down about 5.5% in after-hours trading. In the third quarter of 2023, Coinbase generated $674 million…

A researcher critical of X under Elon Musk will fight for his account in court

A researcher critical of X under Elon Musk will fight for his account in court

A Berlin-based software developer is fighting back after X suspended his account, claiming that research he conducted on the platform violated the company’s terms of service. Following Elon Musk’s chaotic takeover of the platform, Travis Brown‘s research figured heavily in reporting that painted X, formerly Twitter, in an unflattering light. Brown worked on open source…