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Telecommunications & Media

Starlink becomes cash cow in Elon Musk\'s empire, with upsides and downsides

Starlink has become a key profit engine in Elon Musk\'s business empire, generating more than 60 percent of SpaceX’s $18.6 billion revenue last year and standing as its only profitable unit, Business Insider reported. The service now reaches 13 million users in more than 167 countries, with SpaceX planning to launch tens of thousands more satellites. Its growing role in Ukraine highlights both operational advantages and concerns about dependence on decisions by a private CEO.

Industry

UNC endowment annual return tops 30 percent as pre-IPO SpaceX bet pays off

The University of North Carolina endowment posted an annual return of more than 30 percent through June, with an early investment in SpaceX cited as a key driver. The stake reportedly grew to about 10 percent of the fund before any listing. Former UNC-Chapel Hill chancellor Holden Thorp, who once opposed the bet, later acknowledged he was wrong. Similar rebounds in private tech holdings are also being cited at other U.S. university endowments.

AI & Enterprise

Dunamu & Partners joins seed round for UK AI inference optimisation startup Callosum

Dunamu & Partners, the investment arm of Dunamu, said on Monday it invested $5 million in a funding round by UK AI inference optimisation company Callosum. The round totalled $100 million and was led by European venture capital firm Atomico, with participation from Plural, DCVC and the UK government’s UK Sovereign AI fund. Callosum was founded in 2024 by former Cambridge University neuroscientists Danyal Akarca and Jascha Achterberg.