Tech

Trump Media shares plunge after reporting $58 million loss

Published

2 years ago

April 2, 2024

The share price of Trump Media took a sharp dive on Monday following the company’s disclosure of a significant net loss for 2023.

According to a filing with the Securities and Exchange Commission, Trump Media reported a net loss of $58.2 million on revenue of just $4.1 million for the year 2023.

This substantial loss caused the company’s shares to plummet by more than 25% around 1:08 p.m. ET.

Despite the considerable drop in share price, Trump Media’s market capitalization still stood at over $6.8 billion, reflecting the company’s high valuation even in the face of financial losses.

Cash on hand

The filing revealed that much of the net loss can be attributed to $39.4 million in interest expense.

Additionally, the company ended 2023 with just $2.7 million in cash on hand, further highlighting its financial challenges.

Trump Media warned shareholders that it anticipates continued operating losses for the foreseeable future.

The company’s involvement with former President Trump could also pose additional risks, as outlined in the filing.

Notably, Trump owns a significant portion of Trump Media shares, representing more than half of his total net worth, and stands to receive millions more in shares over the next three years if certain stock price benchmarks are met.

Tech

Ariane 64 takes flight carrying Amazon’s broadband satellites

Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.

Published

3 days ago

February 11, 2026

Harvey Vargas

Ariane 64’s maiden launch from French Guiana carries 32 Amazon satellites, starting 18 missions to enhance global broadband access.

Europe is entering a new spaceflight era as the Ariane 64 prepares for its maiden launch from French Guiana. The rocket, the most powerful ever developed in Europe, features four boosters and is capable of delivering more than 20 tonnes into low Earth orbit.

The launch window opens at 4:45 p.m. UTC and closes at 5:13 p.m. UTC, with the mission expected to last one hour and 54 minutes. During the flight, satellites will be deployed in pairs, marking a critical technical milestone for Europe’s space ambitions.

This first flight is a major test for the Ariane 6 program, setting the tone for future commercial and institutional launches from Europe’s space sector.

#SpaceLaunch #Ariane6 #AmazonSatellites #LEO #SpaceTech #BroadbandFromSpace #RocketScience #TickerNews

Tech

SpaceX shifts focus to Moon with ambitious Lunar City plans

Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.

Published

4 days ago

February 10, 2026

Harvey Vargas

Elon Musk shifts SpaceX focus from Mars to a 2027 Moon landing, merging with xAI for AI satellite networks.

Elon Musk has set his sights closer to home—literally. SpaceX is now prioritizing the creation of a self-sustaining city on the Moon within the next decade. The ambitious plan marks a major shift from previous Mars-focused strategies, aiming for an uncrewed Starship landing as early as 2027 to support NASA’s Artemis program.

This pivot comes as SpaceX merges with Musk’s xAI, combining the companies into a massive $1.25 trillion valuation. Musk believes the Moon offers practical advantages for launches, making it a more strategic stepping stone for humanity’s future in space.

Alongside lunar ambitions, SpaceX is also developing satellite networks to back AI technologies in orbit. Despite the excitement, NASA’s Artemis program has faced delays, pushing the first crewed lunar flight to March due to technical issues.

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Tech

Claude AI is transforming software engineering and productivity

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Published

5 days ago

February 9, 2026

Harvey Vargas

Anthropic’s Claude AI now manages coding tasks, boosting productivity by 50% as engineers shift to oversight roles.

Anthropic has confirmed that its AI, Claude, now handles almost all coding tasks at the company. Engineers are shifting from writing code to oversight and planning, marking a major change in how software development teams operate.

Users report a productivity boost of 50 percent since implementing Claude, highlighting the potential of AI to reshape workflows and day-to-day operations. The shift raises questions about the balance between human oversight and automated code generation.

The move has also affected markets, with shares of Indian IT services companies falling as investors assess the impact on traditional tech roles. Industry leaders stress that while AI can generate code, human input remains crucial for design, review, and strategic decision-making.

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