While DOGE dismay has hammered Tesla stock, SpaceX is still flying high with investors as the world’s most valuable private company. But economic realities and the physical limits of beaming internet connectivity from space could puncture the good vibes.
Stocks roared back to life Wednesday afternoon after President Donald Trump announced a 90-day delay on the most significant of his tariffs, just hours after the levies went into effect, sparking extensive carnage across financial markets.
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite spiked at least 5% following Trump’s announcement.
Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually.
Musk hasn’t explicitly rebuked or endorsed Trump’s new tariff policy.
From Tesla to SpaceX to xAI, Elon Musk’s sprawling global business empire will be slammed by Trump’s tariffs regime. Here’s how.
Under the deal, Bally’s will purchase a combination of Star’s convertible notes and subordinated debt, delivered in multiple stages, according to an exchange filing.
Trump paused his tariffs after more than 75 countries had reached out about negotiating.
Australia’s deeptech fund Main Sequence and the ATP Fund in Austin invested the pre-seed funds into The University of Sydney quantum computing spin-out.
Even longtime Trump supporters are opposing the president’s tariffs as they roil the stock market.