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SpaceX's earnings show X's Q2 ad revenue at $367M, down from $1.08B at Twitter in Q2 2022; Musk once said he would take its annual ad revenue to $12B in 2027 (Mike Masnick/Techdirt)

When SpaceX filed for its IPO, we went through the S-1 to point out just how far off the mark Elon Musk's predictions about his Twitter takeover turned out to be.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Read the original at techdirt.com →

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The Iran war should be the end of the Jones Act

The Iran war has provided at least two clear economic lessons. It has exposed the steep costs of being reliant on fossil fuels, highlighting the need for countries to diversify their homegrown energy sources, including solar and wind power. And it has shown what U.S.

Boutique London advisory firm lands £8m funding amid M&A frenzy

A boutique M&A advisory firm has landed £8m in fresh funding as it seeks to capitalise on a wave of takeover activity, City AM can reveal. London-based Lava Advisory Partners, which was founded in 2020, secured the debt finance from specialist SME lender Beechbrook Capital. The B Corp-certified firm said it would use the cash [...]

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