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How Cathie Wood Beat Wall Street By Betting Tesla Is Worth More Than $1 Trillion

By October 5, 2020 0

The newest superstar investor has leveraged a zealous belief in innovation into a $29 billion-in-assets firm and a $250 million net worth.

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- Elon Musk Says Starlink FCC Application For Connecting 'Moving Vehicles' To Its Network Not Related To Tesla
  SpaceX, the space company of Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk, plans to connect large vehicles ranging from semi-trucks to aircraft to its Starlink satellite network...
- Elon Musk Says Starlink FCC Application For Connecting 'Moving Vehicles' To Its Network Not Related To Tesla
  SpaceX, the space company of Tesla Inc. (Nasdaq: TSLA) CEO Elon Musk, plans to connect large vehicles ranging from semi-trucks to aircraft to its Starlink satellite network service. Musk clarified that the company is not connecting Tesla cars to Starlink. What Happened: “Not connecting Tesla cars to Starlink, as our terminal is much too big. This is for aircraft, ships, large trucks & RVs,” Musk said in a tweet on Monday. Musk’s tweet was in response to a report by CNBC that SpaceX has filed a request with the U.S. Federal Communications Commission to begin connecting the Starlink network to moving vehicles. Starlink aims to provide high-speed internet to populations with little or no connectivity anywhere in the world through a constellation of tens of thousands of satellites in low Earth orbit. Why It Matters: SpaceX noted in its application to the FCC that the grant of the application would serve the public interest as it will expand the range of broadband capabilities available to moving vehicles throughout the U.S. as well as to moving vessels and aircraft worldwide. See Also: Elon Musk’s SpaceX Building Starlink Factory in Texas In February, Starlink expanded the beta testing of the Starlink satellite network and began accepting pre-orders for the service both in the U.S. and internationally. Starlink plans to continue its expansion to near-global coverage of the populated world in 2021. To date, Starlink has launched over 1,000 satellites and hopes to have 4,425 in orbit by 2024. The FCC has approved 11,943 satellites to be launched by Starlink. Price Movement: Tesla shares closed 5.8% lower on Monday at $563.00, but added 0.7% in the after-hours session. Read Next: Starlink Begins Taking Preorders, Musk Eyes IPO When Cash Flow Predictable See more from BenzingaClick here for options trades from BenzingaWhy Silicon Valley Giants Are Reliant On One Man To Find Success In IndiaTesla Provided Most Of The 2M Regulatory Credits Purchased By Fiat Chrysler In 2020© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Elon Musk’s fortune reportedly loses $27B as Tesla stock plunges
  Tesla chief Elon Musk’s fortune reportedly shrank by $27 billion last week as the electric-car maker’s staggering stock rally was thrown into reverse.
- Elon Musk Just Shared His First Family Photo With Grimes And Their Son, And It's So Adorable
  X Æ A-Xii is getting so big.
- Elon Musk Shares Rare Family Photo With Girlfriend Grimes and Son
  The Tesla CEO shared a rare snap of his family on a trip to Texas.
- Insane Features of Tesla's Rebooted Roadster
- Elon Musk wants to connect RVs and trucks to the internet through SpaceX's Starlink satellites
  SpaceX's Starlink is working on an antenna that will connect vehicles like semi-trucks and RVs to its satellite internet network, CEO Elon Musk said
- Elon Musk and Tesla behind secret Texas battery project
  Gambit Energy Storage project big enough to power 20,000 homes in summer heat
- Elon Musk Shares New Photo of Grimes and Their Baby Boy in Texas City He’s Calling “Starbase”
  Elon Musk took to social media to share a rare photo of his longtime girlfriend Grimes and their 10-month-old son, X Æ A-Xii.
- Elon Musk shares family photo with Grimes and baby X AE A-XII: 'Starbase, Texas'
  Elon Musk is currently in Texas with his family.

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