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Elon Musk’s SpaceX Proposing 10-for-1 Split of Privately-Held Shares: Report

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Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk’s SpaceX venture has built up a mammoth valuation even without a public listing. It now appears that the space exploration company is planning to implement a split of its privately-held shares.

What Happened: SpaceX is proposing to split the shares in a 10-for-1 ratio, CNBC reported, citing a company-wide email. This would mean the value of each share, which is at $560, based on its most recent sale, will be reduced to $56 per share, the report said.

Stock splits have little …

Full story available on Benzinga.com

Original Post: benzinga.com

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Country Blocking EU Ban on Russian Oil Revealed Media

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Hungary has reportedly continued to block proposed new sanctions package

EU ambassadors have so far failed to reach an agreement on a new package of sanctions against Russia, as Hungary continues to oppose a ban on Russian oil imports, Bloomberg reported on Sunday, citing sources familiar with the talks.

The EU has already come up with five rounds of sanctions, which are being imposed in re

Original Post: bignewsnetwork.com

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EU’s Oil Embargo May Benefit Russia Swiss Analyst

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The EU ban on Russian oil is expected to further inflate oil prices, increasing Moscow’s oil revenues

The ban on imports of Russian crude proposed by the EU authorities will only raise Moscow’s oil revenues, according to Norbert Rucker, head of economics and next-generation research at Swiss wealth manager Julius Baer.

The impact of the ban on Russia is “debatable,” the analyst said in an i

Original Post: bignewsnetwork.com

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Canadian Sniper Disappointed With Reality in Ukraine

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A Canadian ex-soldier known as ?Wali? has alleged chaos, looting and incompetence in the Ukrainian military

Once lauded by the international media, a Canadian sniper known as ‘Wali’ has returned from Ukraine to Quebec, telling local media that his experience there was a “terrible disappointment.” He claimed there was inadequate weaponry, poor training and heavy losses, as well as profiteering and

Source Here: bignewsnetwork.com

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