Tag: SpaceX

BusinessInnovationTechnology

European Aerospace Giants Forge Alliance to Compete in Global Space Race

Major European aerospace companies are joining forces to create a new space venture aimed at competing with industry leader SpaceX. The collaboration involves companies from five European nations and follows the model of defense consortium MBDA.

European Space Collaboration Initiative

Three of Europe’s largest aerospace corporations are establishing a joint venture to compete in the rapidly expanding space market, according to reports from industry sources. Airbus, Leonardo, and Thales are leading the initiative, which aims to position Europe as a significant player in the global space industry.

by Henry Blakemore
BusinessGovernance

Proxy Advisory Firm ISS Recommends Against Musk’s Massive Tesla Compensation Package

Institutional Shareholder Services has recommended Tesla investors vote against Elon Musk’s unprecedented compensation package valued at over $1 trillion. The proxy firm expressed concerns about the award’s magnitude and lack of explicit requirements to ensure Musk focuses on Tesla amid his multiple ventures.

Proxy Advisor Opposes Musk’s Compensation Plan

Institutional Shareholder Services (ISS), a leading proxy voting advisory firm, has recommended Tesla shareholders reject CEO Elon Musk’s proposed compensation package, reportedly valued at approximately $1 trillion, according to recent reports. This marks the second consecutive year that ISS has urged investors to vote against a pay package for Musk, with the firm citing “unmitigated concerns” about the plan’s scale and structure.

by Henry Blakemore