Economy

Space X IPO
Information: Space X wants to raise $20 billion via bonds

Elon Musk's AI and space company Space X plans to raise $20 billion, equivalent to around SEK 190 billion, through a bond sale as early as next week, the Financial Times reports.

According to sources to the newspaper, the company has commissioned several major banks on Wall Street to market the deal to investors.

A source states that the ten-year bonds are tentatively expected to yield an interest rate of between 1.35 and 1.5 percentage points above US government bonds.

The money will go to repay the loan that Space X took out in connection with Elon Musk bringing X AI and the X platform into SpaceX earlier this year.

Global challenges
Historic shift in the US: Solar overtakes coal

Solar power overtook coal power for the first time ever in the US in May, according to Bloomberg. Solar power accounted for 12.8 percent of total electricity generation during the month. Coal accounted for 12.2 percent, according to the think tank Embers’ analysis of data from the EIA.

“This is a structural change in the American electricity system,” data analyst Nicolas Fulghum told the news agency.

The development of self-driving vehicles
Sweden raises alarm about Tesla's self-driving function

Sweden may put a damper on Tesla's planned rollout of its self-driving system in Europe, Reuters reports.

The Swedish Transport Administration is demanding in a letter to the EU's vehicle committee that the option to drive above speed limits be removed. Otherwise, the authority's advice is that the EU should say no to a broad launch of the system, which is abbreviated FSD.

The system has a function, called "speed offset", which makes it possible to drive the car autonomously at a higher speed than the posted speed. Finland and Norway have also expressed concerns about the function.