DP World Tour hits $300m sponsorship record after agreeing HCLTech deal April 29, 2026 DP World Tour sponsorship revenue is set to top $300m for the first time this year after the European professional golf circuit added HCLTech as a top-tier partner. The India-headquartered tech multinational has been named the tour’s official digital experience partner, with an initial focus on building a new website and app to improve fan [...]
Space investment trust taps retail investors for spending splurge April 27, 2026 An investment trust focusing on commercial space opportunities will raise £350m from retail investors in a bid to capitalise on the booming space technology market. Seraphim Space, the world’s first listed fund to specialise in backing space ventures, said it was launching one of the largest share issuances in British investment history to broaden access [...]
Musk rolls out Cybercab after mixed Tesla results April 24, 2026 Tesla boss Elon Musk has confirmed production of the firm’s long-awaited Cybercab robotaxi has begun, as the car giant doubles down on AI and autonomy following a mixed set of quarterly results. Speaking on Tesla’s first quarter 2026 earnings call, Musk said: “We have just started production of Cybercab.” He also shared a short promotional [...]
Tesla leans on AI and robotics as earnings fail to woo investors April 23, 2026 Tesla delivered a mixed first quarter update on Wednesday evening, beating profit expectations but missing on revenue as its core car business continued to come under pressure. The electric vehicle maker reported earnings of 41 cents per share, ahead of the 37 cents expected. Meanwhile, revenue came in at $22.39bn (£16.6bn), dipping slightly below forecasts [...]
Scottish Mortgage manager Baillie Gifford eyes £3bn return on historic Space X bet April 22, 2026 Scottish investment juggernaut Baillie Gifford is in line to net a bumper £3.5bn return on its historic bet on Space X when the rocket maker floats on the stock market later this year, in what is believed to be one of the largest windfalls from a single debut in UK investment history. A Morning Wire [...]
DP World Tour events become first in sport to use Amazon Leo satellites April 20, 2026 Golf’s DP World Tour is to become the first live sport organiser to use Amazon Leo, the tech giant’s pioneering low-Earth orbit satellite broadband network. The European-based circuit will rely on Amazon Leo rather than miles of temporary fibre at tournaments to ensure more reliable high-speed internet connectivity essential for live scoring, broadcasting and commercial [...]
Morgan Stanley and Goldman Space X IPO plan to curb post-float selloff April 14, 2026 The Wall Street banks elected to work on Space X’s anticipated listing are drawing up plans to curb a post-IPO slump that could have detrimental effects to its valuation. Advisers on the deal are exploring whether insiders and early investors could be allowed to sell shares before the standard 180-day lock up has passed, according [...]
Space stocks lift off as investors eye Space X moment April 8, 2026 Retail investors are increasingly backing the space economy, with new data showing the sector moving to a more established part of long-term portfolios. Figures from Hargreaves Lansdown show Self-Invested Personal Pension (SIPP) investors remained broadly bullish through the first quarter of the year, despite a wobble in March following tensions in the Middle East. Among the [...]
Saba’s final push sparks investment trust reckoning April 5, 2026 Edinburgh Worldwide Investment Trust has caved to years of pressure from US activist investor, Saba. Its chair tells Ali Lyon why it is asking shareholders to vote to break up the fund, and what it says about the wider investment trust industry. To Jonathan Simpson-Dent, being labelled a fraud, a liar and a romantic luddite [...]
Musk turns SpaceX IPO into sales push for Grok April 4, 2026 Elon Musk is using SpaceX’s blockbuster IPO to do more than raise capital, he is also driving adoption of AI business. Banks and advisers working on the listing have been required to purchase subscriptions to Grok, the chatbot developed by xAI, it was reported on Saturday. Several firms have already agreed to spend tens of [...]