American entrepreneur, Uber co-founder and Atoms CEO
SpaceX has announced a senior unsecured notes offering to raise about $20 billion to refinance a bridge loan and fund expanding AI infrastructure, including Starship and Starlink. The move follows a record IPO and large cash reserves, but faces scrutiny over negative free cash flow and high capital needs.
The pied-à-terre tax in New York City has taken effect, with rates up to 6.5% for non-primary luxury residences. Authorities anticipate $340 million to $500 million in annual revenue from roughly 10,000 units, while brokers report continued strength in luxury sales as market liquidity remains high.
A wave of updates across Uber, Waymo, Baidu, and others is redefining autonomous-vehicle deployment in major markets. Partnerships are shifting, apps are expanding beyond rides, and regulators are sharpening standards. The evolving ecosystem is accelerating, with major players preparing for broader rollout in 2028 and beyond.
California debates a 5% wealth tax; ultra‑rich residents have moved assets out of state, with Alphabet’s Larry Page and Sergey Brin among notable relocations. Tax plans are spurring residency audits and significant corporate and political pushback.
Moonshot has released Kimi K3, an open-weight model that independent tests say matches frontier performance and has prompted investor selling in chip stocks. Tech figures and regulators are trading accusations about distillation and national security, while industry voices argue the alarm is exaggerated.
Tesla is accelerating its AI and robotics agenda while its robotaxi rollout remains limited and costly. Quarterly data show robotaxi miles dwindling, even as Musk pushes Optimus and other AI initiatives. Analysts warn that regulatory hurdles and high CapEx complicate the path to scale.
Zoox has received a temporary NHTSA exemption that allows it to charge fares for its purpose-built robotaxis and will start paid rides in Las Vegas on Aug. 10. The company can deploy up to 2,500 vehicles annually for two years under enhanced federal oversight while state and local approvals remain required for expansion.
California voters will decide Prop 40 in November. Billionaire wealth, tax politics, and business interests collide as wealthy residents consider plans that would impose a 5% one-time tax on net worth to fund healthcare, with heavy pushback from residents and business leaders.
Moove has raised $250 million in a Series C led by Mubadala, supporting its plan to scale autonomous-vehicle operations while continuing its human-driven fleet business. The funding values Moove at $2.1 billion and will fund depots, hiring, and expansion with Waymo partnerships.