Chinese tech titan Jack Ma is set to become the world’s 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the Bloomberg News.
Ant Group said Monday it plans to raise $34 billion in a listing shared between Hong Kong and Shanghai — making it the biggest IPO in history.
The e-payments behemoth, which runs China’s dominant online payment system Alipay, plans to sell 1.67 billion shares at HK$80 ($10.30) each in Hong Kong from Tuesday.
Ant Group’s split float would exceed the $29 billion chalked up by Saudi Aramco in December, a high-profile win for a Chinese company during a period of bad headlines for mainland tech firms as Beijing and Washington face off on a number of fronts.
According to Bloomberg former English teacher Ma’s 8.8 percent stake in Ant is worth $27.4 billion based on
Elon Musk’s rocket company is hustling to get more of its Starlink broadband satellites into orbit. After “Scrubtember” and then “Scrubtober” wreaked havoc with the SpaceX launch schedule, the company sent its 15th batch of orbiting routers aloft from Cape Canaveral in Florida Saturday after the 14th set was launched Sunday.
A Falcon 9 rocket boosted the small satellites off the launch pad at Space Launch Complex 40 at 8:31 a.m. PT (11:31 a.m. ET in Florida) and on their way to low-Earth orbit where they’ll join over 700 others. SpaceX noted on its webcast of the mission that this marks the 100th successful launch of one of its Falcon family of rockets since 2008.
The first stage booster then returned for a successful landing on the droneship known as Just Read The
The first stage of Firefly’s Alpha rocket fires its engines during a test on Oct. 9, 2020.
Firefly Aerospace currently plans for its maiden Alpha rocket launch to happen as early as Dec. 22, co-founder and CEO Tom Markusic told CNBC, as his company prepares for the next major milestone in its plan to offer a variety of space transportation services.
Markusic is confident in the launch date because of the “rigid” requirements of Vandenberg Air Force Base in California, where Firefly is finishing up work to prepare the launchpad at SLC-2. While “everything is susceptible to surprises,” with room in the schedule to launch as late as Jan. 31, Markusic said the “full gamut of rules” at Vandenberg means the company has put extra work into certification for Alpha’s first launch.
“We took the hard route to flight, and that was by going to a launch range
A two-stage Falcon 9 rocket blasted off from NASA’s historic Pad 39A here at NASA’s Kennedy Space Center at 8:25 a.m. EDT (1225 GMT) carrying 60 new Starlink satellites for SpaceX’s growing constellation in orbit.
Approximately 9 minutes later, the booster’s first stage returned to Earth, landing on one of SpaceX’s drone ships in the Atlantic Ocean in a smooth touchdown. The massive ship, called Of Course I Still Love You, is one of two in the company’s fleet of recovery vessels that catch falling boosters and
Rocket Software has introduced Rocket Open AppDev for Z, a new approach for the mainframe community to securely adopt, manage, and obtain support for IBM Z ported open software.
According to Rocket, open source technologies offer users many modernization and efficiency benefits, especially in mainframe development.
However, this often leads individuals and development teams to take a do-it-yourself approach when they download, install, and use these tools. Open source tools can also be combined with different products developed by different communities and can be undermanaged, leading to version latency and code vulnerabilities. The result is that unintentional regulatory and security risks can be created for the business.
Rocket Open AppDev for Z helps mitigate the risks associated with open software by offering a solution that provides developers with a package of open tools and languages that they want, along with the security, management, and support IBM Z customers require.