Charlie Ergen, the billionaire founder of EchoStar and Dish Network, stands to realize a multi-billion-dollar windfall from a stake in SpaceX, according to reporting on the transaction. The gain stems from equity exposure Ergen accumulated in Elon Musk's privately held launch and satellite internet company, whose valuation has climbed sharply in recent years. SpaceX's most recent private funding rounds have pegged its valuation in the hundreds of billions of dollars, making even modest equity positions worth substantial sums. Ergen's satellite industry background gives the holding strategic resonance: SpaceX's Starlink service competes directly in broadband delivery markets where Dish and EchoStar have long operated. The size of the realized or unrealized gain, the precise mechanism by which Ergen acquired the stake, and any planned liquidity event remain unspecified in available sourcing. Investors tracking private space and satellite sector valuations will watch whether this position is monetized through a secondary sale, a structured transaction, or a future SpaceX public offering.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
