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Many upcoming surveys, particularly in the radio and optical domains, are designed to probe either the temporal and/or the spatial variability of a range of astronomical objects. In the light of these high resolution surveys, we review the subject of ultra-luminous X-ray (ULX) sources, which are thought to be accreting black holes for the most part. We also discuss the sub-class of ULXs known as the hyper-luminous X-ray sources, which may be accreting intermediate mass black holes. We focus on some of the open questions that will be addressed with the new facilities, such as the mass of the black hole in ULXs, their temporal variability and the nature of the state changes, their surrounding nebulae and the nature of the region in which ULXs reside.
We present the results of deep optical spectroscopic observations using the LRIS spectrograph on the Keck I 10-m telescope of three ultra-luminous X-ray sources (ULXs), Ho IX X-1; M81 X-6; and Ho II X-1. Our observations reveal the existence of large
Low-metallicity (Z <~ 0.05 Zsun) massive (>~40 Msun) stars might end their life by directly collapsing into massive black holes (BHs, 30 <~ m_BH/Msun <~ 80). More than ~10^5 massive BHs might have been generated via this mechanism in the metal-poor r
The nature of ultra-luminous X-ray sources (ULXs), which are off-nuclear extragalactic X-ray sources that exceed the Eddington luminosity for a stellar-mass black hole, is still largely unknown. They might be black hole X-ray binaries in a super-Eddi
It is now widely accepted that most ultraluminous X-ray sources (ULXs) are binary systems whose large (above $10^{39}$ erg s$^{-1}$) apparent luminosities are explained by super-Eddington accretion onto a stellar-mass compact object. Many of the ULXs
The aim of the present paper is to investigate a possible contribution of the rotation-powered pulsars and pulsar wind nebulae to the population of ultraluminous X-ray sources (ULXs). We first develop an analytical model for the evolution of the dist