doge

Elon Musk-backed super PAC reports $800,000 in first burst of midterm spending, largely in Maine and Texas

Elon Musk’s super PAC disclosed Wednesday that it spent over $800,000 last month to help Republican Senate and House candidates in competitive races, the bulk of it in Texas and Maine, where Republicans are defending Senate seats. The August spending by America PAC is likely just the opening salvo for the world’s wealthiest person, who spent hundreds…

Read More
gettyimages 2289079330

Why SpaceX stock is falling despite strong revenue growth

Shares of SpaceX tumbled on Wednesday despite reporting strong revenue growth in its first public quarterly earnings report, as investors questioned the rocket maker’s accelerating investment in artificial intelligence. SpaceX shares tumbled $10.06, or 8%, to $115.27 in early afternoon trading on Wednesday.  Investors are worried that the company’s massive investments in artificial intelligence won’t be enough…

Read More