Investing

A new $350 billion value for SpaceX helped to lift Musk’s net worth to a historic high—more than for any billionaire Forbes has ever tracked.

Rupert Murdoch wanted to give his eldest son, Lachlan, control of his media empire amid worries his other children may try to “reorient” the editorial policy of some of his holdings, including Fox News.

The cryptocurrency is the latest move by Haliey Welch to capitalize on her “hawk tuah” meme, following her “Talk Tuah” podcast and AI-powered dating app.

Eris TestFlight1 will lift off from Abbott Point in Queensland mid-January, marking the first orbital launch attempt of an Australian-made rocket since the 1970s.

Helsing built a $4.5 billion business on a pledge to transform Europe’s militaries with software, not hardware.

The billionaire family spearheaded the $100 million seed investment in Future Generation Women, a new high-net-worth fund exclusively managed by female portfolio managers. This initiative, an offshoot of Geoff Wilson’s Future Generation firm, aims to drive stronger gender equity outcomes in Australia.

Despite the recent upheaval with Covid, the fundamentals haven’t changed in the fast-food industry in the past 50 years, says Jack Cowin, the billionaire founder and executive chairman of Competitive Foods Australia, the privately held group behind some of the country’s biggest fast-food chains.

The judge said Monday Tesla’s request for the court to “flip its decision” after the shareholders voted in favor of the package went “against multiple strains of settled law.”

Billionaire Andrew Forrest’s Fortescue is deepening investments to decarbonise the iron ore giant’s mining fleet with the purchase of $400 million of emissions free heavy mining equipment from China’s XCMG.

Our sunburnt nation ranks just 30th out of 36 nations in the economic competition index. Australia is 16th globally in overall AI Vibrancy.