In Space, No One Can Hear Musk's Rivals Scream; Musk support Trump; and makes Tesla; EU’s Digital Services Act
Space Exploration Technologies Corp.’s reusable Falcon 9 is today the world’s most flown rocket, a milestone in bringing down the cost of space transportation.
It gives SpaceX a “de facto” monopoly on launch missions slinging payload like satellites into orbit.
And that dominance extends to its own Starlink satellites, 6,000 of which orbit the Earth, offering high-speed internet almost anywhere.
Lionel Laurent Bloomberg 18 October 2024
https://www.bloomberg.com/opinion/articles/2024-10-18/musk-and-spacex-rivals-can-t-seem-to-catch-up
Elon Musk: Offering Young Men an American Dream; campaigns for Trump
Thierry Breton, the European Union commissioner for the internal market, issued an unprecedented warning to Elon Musk that Monday’s interview of former President Donald Trump on the X social-media platformcould run afoul of the EU’s new sweeping online laws aimed at limiting harmful content…
The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp., an approach that would significantly increase the potential penalties for violating content moderation rules.
Bloomberg 17 October 2024
Under the EU’s Digital Services Act, the bloc can slap online platforms with fines of as much as 6% of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules.
The European Commission’s probe into Elon Musk’s X for potential violation of the DSA (Digital Services Act) could take an ominous turn for the world’s richest person.
The Commission has warned Musk it would account for his other revenue sources while computing fines on X for violating the law in the region.
18 October 2024
Tillbaka till Wall Street och Stockholm 18 oktober 2024
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