Elon Musk Reportedly Adds Whistleblower Payment as New Reason for Termination of $44 Billion Twitter Deal

Elon Musk has found another reason to end his $44 billion (nearly Rs. 3,50,000 crore) takeover deal with Twitter. A latest report suggests that the billionaire sent a new termination letter to the social media company, adding the alleged payment made by Twitter to a whistleblower to the list of reasons for walking out of the deal. Musk reportedly accused the company of keeping him uninformed about the payment, which is said to be a multi-million dollar compensation. Twitter has rejected the claims, according to the report.

Elon Musk, head of SpaceX and Tesla, has written a termination letter to Twitter recently, according to AFP. The billionaire has added the alleged severance payment made by the firm to whistleblower Peiter Zatko as a new reason to put an end to the $44 billion deal, proposed in April, to buy the social media platform.

A few days ago, Musk’s lawyer reportedly accused Twitter of paying whistleblower Peiter Zatko, Twitter’s former Chief of Security, a sum of $7 million (roughly Rs. 56 crore) to not reveal details about the operational problems within the microblogging firm. Musk’s attorney Alex Spiro made the claims during a hearing on Tuesday.

Musk’s lawyers have argued that Twitter’s failure to seek the SpaceX head’s consent before paying Zatko makes for another legal basis to break the merger deal, according to the AFP report.

Meanwhile, Twitter has rejected all the claims made by Musk so far against the firm. The report quoted Twitter’s attorney William Savitt as saying, “My friend seems to be arguing that Twitter should have gratuitously told Musk that there existed a disgruntled former employee who made various allegations that had been inquired upon and found to be without merit.”

Kathaleen McCormick, the chancellor of the Delaware court overseeing the Musk-Twitter case, has given her nod to Musk to add whistleblowing revelations from Zatko in his termination letter, as per AFP.


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Dogecoin Pyramid Scheme: More Parties Hop Onboard $258 Billion Lawsuit against Elon Musk

Elon Musk is facing a lawsuit that alleges that the multi-billionaire has promoted a pyramid scheme around Dogecoin promotions. Seven new investor plaintiffs and six new defendants have joined the investigation, expanding the case. This time, Musk’s tunnel construction business Boring Co. has also joined the case as a defendant. This case against Musk was filed around June by complainant Keith Johnson in the federal court of Manhattan, US. The case is to investigate if Musk’s support for the meme-coin, which is currently priced at $0.060 (roughly Rs. 4.80), led to financial loses for its investors.

With the addition of more plaintiffs in the case, the original complaint against Musk has also been amended. The re-worked complaint now accuses Musk, along with his companies Tesla, SpaceX, and Boring for driving up DOGE prices over 36,000 percent in the last two years, before letting it crash, Reuters reported on Thursday, September 8.

The complaint alleges that Musk and other defendants in the case pocketed billions of dollars at the expense of DOGE investors because they knew that the meme-coin did not really have enough value, but they were also aware that their marketing could hype up the altcoin.

As of now, no official reaction from Musk or the Dogecoin Foundation has emerged on public domains.

Johnson, the first complainant in the case, is seeking $86 billion (roughly Rs. 6,71,300 crore) in damages, representing the decline in Dogecoin’s market value since May 2021, and wants it tripled.

He also wants to block Musk and his companies from promoting Dogecoin and a judge to declare that trading Dogecoin is gambling under federal and New York law.

The complaint mentions that Dogecoin’s selloff began around the time Musk hosted the NBC show Saturday Night Live and, playing a fictitious financial expert on a Weekend Update segment, calling Dogecoin “a hustle.”

Musk’s support for DOGE is nothing new. The tech mogul, at several occasions, has called DOGE the ‘people’s crypto’.

In May this year, Musk had said that SpaceX would soon start accepting DOGE payments for the sale of its merchandise.


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Elon Musk Hopes to Launch Tesla Full Self-Driving in the US, SpaceX Starship into Orbit by 2022 End: Report

Tesla CEO Elon Musk expects to launch the automaker’s self-driving technology, also known as Full Self-Driving in the US by the end of the year, according to a report. The company is also reportedly hoping to release the software feature in Europe, which could happen if it clears regulatory hurdles. Meanwhile, Musk also said he is working on getting SpaceX’s Starship, touted to be a game-changing reusable space transport system, into orbit by the end of the year, according to the report.  

Speaking at an energy conference in Norway on Monday, Musk mentioned two technologies, SpaceX’s starship, and Tesla’s Full Self-Driving (FSD), that his attention was currently focussed on according to a report by Reuters. 

“The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do self-driving, Musk said, according to the report. 

The Tesla chief said that he hopes the company’s FSD technology will be ready by the end of the year, so that it could be widely released across the US, as well as in Europe, where it is yet to gain regulatory approval. 

Last week, Musk asked a Tesla owner not to complain about the assisted driving feature that is expected to launch as a paid service in the future. The customer had claimed that the company’s FSD feature still required intervention, while Musk stated that the version of the system being used by the customer was an early beta release, which they had requested to use, ahead of the release of the feature. 

“10.69 is in limited release for a reason. Please do not ask to be included in early beta releases and then complain,” Musk responded to the user on Twitter, who claimed they had already spent a total of $32,000 (roughly Rs. 25,56,800) to use the feature.




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Elon Musk Said to Approach Brain Chip Startup Synchron About Deal Amid Neuralink Delays

Elon Musk has approached brain chip implant developer Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter. Musk reached out to Synchron’s founder and chief executive, Thomas Oxley, in recent weeks to discuss a potential deal, the sources said. It is not clear if any transaction would involve a tie-up or collaboration between Synchron and Neuralink.

Synchron, which is based in the New York City borough of Brooklyn, is ahead of Neuralink in the process to win regulatory clearance for its devices, the sources said. It has not decided whether it would accept an investment and no deal is certain, the sources added.

The sources requested anonymity because the matter is confidential.

Representatives for Musk and Neuralink did not respond to requests for comment. A Synchron spokesperson declined to comment.

The approach comes after Musk, who is also chief executive of electric car maker Tesla and rocket developer SpaceX, expressed frustration to Neuralink employees over their slow progress, four current and former employees said. That frustration was not conveyed to Oxley when Musk reached out to him, two of the sources added.

It is not clear where Neuralink stands in its application with the U.S. Food and Drug Administration (FDA) to begin human trials. An FDA spokesperson did not immediately respond to a request for comment.

Musk said in a 2019 public presentation that Neuralink, which he launched in 2016, was aiming to receive regulatory approval by the end of 2020. He then said at a Wall Street Journal conference in late 2021 that he hoped to start human trials this year.

Founded in 2016, Synchron has developed a brain implant that would not require cutting in to the skull to install it, unlike Neuralink’s product. Its goal is to help paralysed patients operate digital devices with their mind alone.

Synchron crossed a major milestone last month by implanting its device in a patient in the United States for the first time. It received FDA clearance for human trials in 2021 and has completed studies in four people in Australia.

Synchron has about 60 employees and has raised about $65 million so far from investors, according to market research firm Pitchbook.

Neuralink is larger, with 300 employees split between San Francisco and Austin, Texas. It has raised $363 million from investors so far, according to Pitchbook.

Only two of Neuralink’s eight founders have remained with the company – Musk and implant engineer Dongjin “DJ” Seo, who has a leadership role. Max Hodak, who stepped down as Neuralink’s president last year, is now an investor in Synchron.

Musk has approached Neuralink’s competitors in the past. In 2020, he held discussions with brain technology company Paradromics Inc, according to three people familiar with the matter. Musk subsequently abandoned those talks, two of these sources added.

© Thomson Reuters 2022


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SpaceX Launches South Korea’s First Lunar Orbiter Danuri on Falcon 9 Rocket

South Korea’s first lunar orbiter successfully launched on a year-long mission to observe the Moon, Seoul said Friday, with the payload including a new disruption-tolerant network for sending data from space.

Danuri — a portmanteau of the Korean words for “Moon” and “enjoy” — was on a Falcon 9 rocket launched from Cape Canaveral in Florida by Elon Musk’s aerospace company SpaceX. It aims to reach the Moon by mid-December.

“South Korea’s first lunar orbiter ‘Danuri’ left for space at 8:08am on August 5, 2022,” Seoul’s science ministry said in a tweet, sharing a video of the rocket blasting off trailing a huge column of smoke and flames.

“Danuri will be the first step towards the Moon and the farther universe,” it said, apparently referring to the country’s ambitious space programme, which includes plans for a Moon mission by 2030.

SpaceX tweeted that the launch had been a success.

“Deployment of KPLO confirmed,” it said, referring to Danuri using an acronym of its official name, the Korea Pathfinder Lunar Orbiter.

During its mission, Danuri will use six different instruments, including a highly sensitive camera provided by NASA, to conduct research, including investigating the lunar surface to identify potential landing sites.

One of the instruments will evaluate disruption-tolerant, network-based space communications, which, according to South Korea’s science ministry, is a world first.

BTS in space Danuri will also try to develop a wireless Internet environment to link satellites or exploration spacecraft, they added.

The lunar orbiter will stream K-pop sensation BTS’ song “Dynamite” to test this wireless network.

Another instrument, ShadowCam, will record images of the permanently shaded regions around the poles of the Moon where no sunlight can reach.

Scientists also hope that Danuri will find hidden sources of water and ice in areas of the Moon, including the permanently dark and cold regions near the poles.

“This is a very significant milestone in the history of Korean space exploration,” said Lee Sang-ryool, head of the Korea Aerospace Research Institute, in a video shown before the launch.

“Danuri is just the beginning, and if we are more determined and committed to technology development for space travel, we will be able to reach Mars, asteroids, and so on in the near future.”

South Korean scientists say Danuri — which took seven years to build — will pave the way for the nation’s more ambitious goal of landing on the Moon by 2030.

“South Korea will become the seventh country in the world to have launched an unmanned probe to the Moon,” an official at the Korea Aerospace Research Institute told AFP.

“We hope to continue contributing to the global understanding of the Moon with what Danuri is set to find out.”

Lunar ambitions Danuri was launched by a private company — SpaceX — but South Korea recently became one of a handful of countries to successfully launch a one-tonne payload using their own rockets.

In June, the country’s homegrown three-stage rocket nicknamed Nuri — a decade in development at a cost of $1.5 billion (roughly Rs. 11,864 crore) —launched successfully and put a satellite into orbit, on its second attempt after a failure last October.

That launch — coupled with Danuri’s launch Friday — helps bring South Korea ever closer to achieving its space ambitions.

In Asia, China, Japan and India all have advanced space programmes — and the South’s nuclear-armed neighbour North Korea has also demonstrated satellite launch capability.

Ballistic missiles and space rockets use similar technology and Pyongyang put a 300-kilogram (660-pound) satellite into orbit in 2012 in what Washington condemned as a disguised missile test.


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SpaceX Has Launched 32 Satellites in 2022 for Starlink Mission, Breaks Annual Launch Record

Elon Musk’s SpaceX on Friday broke its record for the number of rockets launched in a calendar year, topping last year’s slate of 31 missions amid a whirlwind campaign to launch its own internet satellites into orbit.

SpaceX’s 32nd launch of 2022 using its workhorse Falcon 9 rocket comes as the company races to build a constellation of broadband satellites called Starlink, a largely consumer-based service with hundreds of thousands of internet users.

“Congrats to SpaceX team on record number of launches!” Musk, SpaceX’s chief executive, tweeted after the mission, which deployed 46 Starlink satellites to low-Earth orbit.

The mission took off from the company’s California launchsite at the Vandenberg Space Force Base. SpaceX so far has launched nearly 3,000 Starlink satellites to space.

Friday’s mission keeps SpaceX on pace to reach its goal of 52 orbital missions by year’s end, nearly doubling its annual launch cadence with the reusable Falcon 9 that SpaceX says can be reflown up to 15 times.

A majority of those missions have been, and are scheduled to be in-house Starlink missions.

The company, founded by Musk in 2002 to normalise interplanetary travel, has in recent months shifted its focus from manufacturing Falcon 9 rockets to managing a fleet of those already built, investing heavily in infrastructure for refurbishing boosters under speedy timelines.

The company has applied the same strategy to its fleet of reusable Crew Dragons – gumdrop-shaped spacecraft that launch atop the Falcon 9 and ferry humans to orbit and the International Space Station.

SpaceX has launched Starlink satellites to space quicker than its rivals in the satellite internet race, such as satellite operator OneWeb, due in part to Falcon 9’s rapid reusability and the edge associated with using in-house rockets.

OneWeb, which is nearing completion of an internet constellation with fewer satellites, has launched its satellites on Russia’s Soyuz rocket. The company this year plans to use the Falcon 9 after canceling its Soyuz contract over Russia’s invasion of Ukraine.

© Thomson Reuters 2022


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Twitter Shares Rise After Hindenburg Takes Long Position Amid Legal Battle Against Elon Musk

Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter shares and warned the social media firm’s lawsuit against Elon Musk, the world’s richest man, could pose a threat to his companies.

Twitter‘s shares rose about 6 percent to $35.90 (nearly Rs. 2,900) on the news, a day after the company sued Musk for violating his $44 billion deal (roughly Rs. 3,50,290 crore) and asked a Delaware court to order him to complete the merger at the agreed $54.20 (roughly Rs. 4,300) per Twitter share.

Musk, who is the chief executive officer at Tesla and heads SpaceX, said on Friday he was terminating the deal because Twitter violated the agreement by failing to respond to requests for information regarding fake or spam accounts on the platform.

Hindenburg did not elaborate on the threat the lawsuit poses to Musk, but legal experts have said that from the information that is public, Twitter would appear to have the upper hand.

“We have accumulated a significant long position in shares of Twitter. Twitter’s complaint poses a credible threat to Musk’s empire,” Hindenburg said in a tweet.

Twitter was not immediately available for a comment.

The legal face-off is the latest twist in the months long saga that began after Musk in April bought a stake in Twitter and later offered to buy the company.

Then in May, he put the buyout on hold until Twitter proved that spam bots account for less than 5 percent of its total users, even as he had gathered investors to fund a portion of his deal.

Hindenburg, which earlier had a short position, had said in May that Musk’s offer could get repriced lower if he walked away from the deal.

© Thomson Reuters 2022


 



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SpaceX Fires Employees Involved in Letter Rebuking Musk: Report

SpaceX has fired employees who helped write and distribute an open letter criticizing Chief Executive Officer Elon Musk’s behaviour, the New York Times reported on Friday, citing three employees with knowledge of the situation.

SpaceX President Gwynne Shotwell sent an email saying the company had investigated and “terminated a number of employees involved” with the letter, the New York Times said.

It was unclear how many employees were terminated, the report said.

SpaceX did not immediately respond to a Reuters request for comment.

A group of SpaceX employees derided Musk as a “distraction and embarrassment” in an internal letter to executives.

In a list of three demands, the letter says “SpaceX must swiftly and explicitly separate itself from Elon’s personal brand.” It added: “Hold all leadership equally accountable to making SpaceX a great place to work for everyone” and “define and uniformly respond to all forms of unacceptable behaviour.”

© Thomson Reuters 2022


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TSMC Says It Will Have Advanced ASML Chipmaking Tool in 2024



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Elon Musk a ‘Distraction’, Group of SpaceX Employees Allegedly Complain in Letter

A group of SpaceX employees derided flamboyant billionaire Chief Executive Officer Elon Musk as a “distraction and embarrassment” in an internal letter to executives.

Musk, also head of electric automaker Tesla, has been in headlines and late-night comedy monologues in recent months for a tumultuous quest to buy social media giant Twitter, a reported allegation of sexual harassment that Musk has denied, as well as crude comments online and a foray into political discourse.

“Elon’s behaviour in the public sphere is a frequent source of distraction and embarrassment for us, particularly in recent weeks,” read the letter, which does not single out any controversy in particular. Reuters was provided with a copy of the letter.

“As our CEO and most prominent spokesperson, Elon is seen as the face of SpaceX — every tweet that Elon sends is a de facto public statement by the company,” the letter added.

SpaceX did not immediately respond to a request for comment.

The open letter, earlier reported by The Verge, was drafted by SpaceX employees in recent weeks and shared as an attachment in an internal “Morale Boosters” group chat, which contains thousands of employees, according to a person familiar with the matter.

It was not clear who authored the letter or how many employees were involved in its drafting.

In a list of three demands, the letter says “SpaceX must swiftly and explicitly separate itself from Elon’s personal brand.” It added: “Hold all leadership equally accountable to making SpaceX a great place to work for everyone” and “define and uniformly respond to all forms of unacceptable behaviour.”

On Twitter, Musk denied and mocked the reported accusation that he sexually harassed a flight attendant on a private jet in 2016. Some of his tweets displayed the crude levity that embarrassed and had some SpaceX employees cringing, according to three people familiar with private discussions among staff.

“He often doesn’t realize how something he says could affect others,” one SpaceX employee said of Musk. “The letter is a collective ‘Hey! We’re getting some heat for things that are unrelated to us.'”

Many SpaceX employees are frustrated by Musk’s controversies, the SpaceX employee said, yet “remain as focused as ever and excited for the future.”

Musk, also the company’s chief engineer, has been viewed as a central figure in many of SpaceX’s high-profile successes, such as pioneering reuse of orbital rocket boosters and returning routine human spaceflight from U.S. soil after a nine-year hiatus.

Much of the company’s day-to-day business operations are led by SpaceX President Gwynne Shotwell. After past workplace dust-ups, she has vowed to enforce SpaceX’s “zero tolerance” standards against employee harassment.

In a talk about leadership at Stanford University in May, Shotwell, asked how she manages crises, said “employees were screaming to hear from me” about the reported sexual harassment allegations about Musk and that she addressed their concerns in a company-wide email.

“I have to speak to my employees,” Shotwell said. “They’re the reason SpaceX is what it is, and I care deeply about them.”

© Thomson Reuters 2022


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NASA to Launch EMIT Mission Aboard SpaceX to Study How Dust Particles Affect Earth: How to Watch Live Broadcast

NASA is set to launch a probe to the International Space Station (ISS) on June 10 that will monitor climate change on Earth. Named Earth Surface Mineral Dust Source Investigation (EMIT), this probe will study the composition of mineral dust from Earth’s arid regions and how the desert dust carried through the atmosphere affects the planet. EMIT is set to be launched on June 10 aboard SpaceX’s 25th commercial resupply services mission. The Dragon spacecraft will also deliver supplies and a variety of science equipment for the international crew. The spacecraft will carry over 4,500 pounds (roughly 2,041 kg) of cargo.

The spacecraft is expected to reach the ISS on June 12. It will dock autonomously to the forward-facing section of the station’s Harmony module, with NASA astronauts Kjell Lindgren and Bob Hines monitoring operations from the station, NASA said.

The focus of EMIT mission is to study how mineral rock dust (such as calcite or chlorite), which travel thousands of miles after being stirred up by strong winds in desert areas, can heat or cool the atmosphere and Earth‘s surface.

The space agency will broadcast live coverage of this mission.

Here are the key timings:

June 10

The launch coverage will begin at 10am EDT (7:30pm IST) on NASA TV and NASA website.

The launch sequence will begin at 10:22am EDT (7:52pm IST).

June 12

The coverage for Dragon docking will begin at 5am EDT (2:30pm IST)

Docking will happen at 6:20am EDT (3:50 pm IST).

The mission will carry several other investigations to the International Space Station (ISS) that include studying the aging of immune cells and the potential to reverse those effects during postflight recovery, how sutured wounds heal in microgravity, and a student experiment testing a concrete alternative for potential use in future lunar and Martian habitats. The spacecraft is expected to spend about a month attached to the orbiting outpost before it returns to Earth with research and return cargo.


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