Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and other creditors”
News Bankruptcy
Tesla Factories In Texas, Germany Losing Billions Of Dollars, Says Elon Musk
Car factories for Tesla in Austin, Texas and Germany are “gigantic money furnaces right now” and losing billions, says Elon Musk
Google’s Russian Unit To File For Bankruptcy – Update
Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for bankruptcy
SpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine Issue
SpaceX CEO Elon Musk warns of “disaster” concerning production of Starship Raptor engine that puts entire firm at bankruptcy risk
Elon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy
The CEO of the world's most valuable car maker has admitted Tesla was at one stage in serious danger of running out of money
Role Of Wirecard Supervisors To Be Probed By EU
The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official
UK Government To Acquire £400 Million Stake In OneWeb
Watch out SpaceX's Elon Musk? British government and Bharti Global announce deal to acquire satellite broadband company OneWeb
Wirecard Collapses, Files For Insolvency
German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal
OneWeb Launches More Satellites, Despite Bankruptcy Report
London-based broadband provider launches more satellites into space to increase coverage, despite Coronavirus and reports of bankruptcy move