Markets

Billionaire Richard Branson aims to raise $460M with SPAC IPO

The company is looking to raise $460 million in capital by buying undervalued American and European consumer-facing businesses in sectors where Virgin has had success, including travel, leisure, entertainment and financial services.

The Musk Method: Learn from partners, then go it alone

Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most valuable automaker in the space of 16 years. But his record shows he is more of a fast learner who forged alliances with firms that had technology Tesla lacked, hired some of their most talented people, and then powered through the boundaries that limited more risk-averse partners.