Too Long; Didn't Read
Elon Musk bought Twitter (NYSE: TWTR) for $44 billion in March 2022. Twitter has struggled to become a consistently profitable venture since going public in 2013. Twitter's price has dropped 23.55% in the past 12 months, owing in no small part to mass investor sell-offs as inflation reached record-breaking levels in the second half of 2021. Starlink, a constellation of satellites operated by SpaceX, is set to launch an IPO in the near future. In April, a SpaceX Falcon 9 rocket launched another batch of Starlink internet satellites into orbit. In recent weeks SpaceX agreed to its first deal with an air carrier to provide in-flight wireless internet access.