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- BusinessBenzinga
Elon Musk Floats Idea Of Starting One Parent Company To Hold Tesla, SpaceX, Boring, Neuralink
Elon Musk is the CEO of multiple companies. While his main focuses are SpaceX and Tesla Inc (NASDAQ: TSLA), he's also CEO of Neuralink and The Boring Company.One thing all of these companies have in common is the desire to solve problems humans are or will soon face, and let everyone look forward to a brighter future.While Tesla is public, the other companies remain privately held. SpaceX has talked about spinning off Starlink into an IPO. Starlink is currently launching a satellite-based internet solution that aims to service the internet to rural customers or those out of reach of land-based internet connections. The Boring Company looks to dig tunnels underground to alleviate traffic congestion.When Tesla investor Dave Lee suggested to Musk to form a holding company called X, that would work as a parent company for Musk's many ventures, Musk seemed intrigued.> Good idea> > -- Elon Musk (@elonmusk) December 23, 2020Alphabet Inc (NASDAQ: GOOGL) is a similar setup. Back in 2015, Google was restructured and Alphabet became its parent company along with other Google subsidiaries.Photo courtesy: Daniel Oberhaus via WikimediaSee more from Benzinga * Click here for options trades from Benzinga * Watch This Teaser Video From Ford Showing Electric F-150 Playing In Snow With Mustang Mach E * Apple Aims To Produce Electric Vehicle In 2024: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- U.S.Associated Press
UPS driver dies after assault; co-worker taken into custody
A UPS employee sought in a deadly assault on a co-worker was taken into custody Wednesday, Connecticut state police said. The suspect, Elijah David Bertrand, 19, had been the target of search since Tuesday night when a fellow UPS worker, Nathan Burk, was found suffering from injuries. The two men apparently were riding in the same vehicle before the assault, Connecticut State Police Trooper Joseu Dorelus said at a news conference.
- LifestyleBusiness Insider Video
VideoHow the 700 mph hyperloop concept could become the fastest way to travel
Countries in Europe and Asia are filled with high-speed bullet trains, bringing passengers from Paris to London or Tokyo to Kyoto within 2.5 hours. But hyperloops theoretically could bring passengers from Los Angeles to San Francisco in 45 minutes. The hyperloop concept gained popularity in 2013 when Elon Musk wrote his Hyperloop Alpha paper, but the US still doesn't have one. So what's the holdup? It all comes down to technology, money, and construction. Virgin Hyperloop is on its way to developing the first hyperloop, testing a 107-mph run in November using maglev technology.
