SpaceX, Elon Musk and IPO
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South Africa’s telecommunications minister directed the industry regulator to amend its rules on local ownership, which could pave the way for Elon Musk’s SpaceX and other satellite-internet companies to operate in the continent’s largest economy without ceding ownership.
Revenue at Elon Musk’s social media service X jumped 17% to $752 million during the third quarter, though the site is still bringing in significantly less cash than when Musk acquired it, Bloomberg reported on Friday.