Lyft’s fourth quarter 2020 results provided further evidence of the stock market’s exceptionally low standards for corporate earnings these days. The ride hailing company’s shares rose 11% in after-hours trading after it reported that its fourth quarter revenue, at $570 million, was 44% lower compared to the same quarter a year earlier. If any part of the after-hours share price jump carries...
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Musk’s Long Road to Mars: How Poor Planning Dogged the Development of SpaceX Rocket
Early last year, Elon Musk stood on a stage near the coast of Southern Texas with a 400-foot-tall stainless steel rocket made by his company, SpaceX, jutting up into the night sky behind him. That rocket was supposed to be the first of a powerful new class of space vehicles, known as Starship, that SpaceX was preparing to blast into orbit, part of an ambitious plan to eventually reach Mars. But...
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