Space industry
Jeff Bezos’ Blue Origin to replace CEO Bob Smith with outgoing Amazon exec Dave Limp
Bob Smith, chief executive officer of Blue Origin LLC, (L), and Dave Limp, senior vice president of devices and services for Amazon.com Inc. Getty Images Jeff Bezos’ Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned. Smith is retiring effective Dec. 4 and will remain with the company […]
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Sierra Space raising nearly $300 million from Japanese consortium at $5 billion valuation
Artist’s rendering of Sierra Space’s Dream Chaser spaceplane in this undated handout obtained March 25, 2022. Sierra Space | via Reuters Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned. The round values the space company at about $5 billion, according to […]
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SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Elon Musk’s SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ’s hiring discrimination case on constitutional grounds. The countersuit comes after the DOJ sued the company last month, alleging it discriminates […]
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Rocket Lab stock drops 20% after first satellite launch failure in over two years
The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning. The company confirmed its uncrewed 41st Electron rocket launch – lifting off from New […]
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Senators talk to Pentagon for answers on SpaceX’s Starlink provider in Ukraine
SpaceX, Twitter and electrical auto maker Tesla CEO Elon Musk, comes for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Andrew Caballero-Reynolds | AFP | Getty Photographs WASHINGTON — Three Democratic customers of the Senate Armed Expert services Committee have questioned the Pentagon for information […]
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Air Force chief sounds off on Musk’s Ukraine decision, tensions with China and the future of war
U.S. Air Force Secretary Frank Kendall does not shy away from commenting on controversy — even as it relates to the world’s richest person and a key Department of Defense contractor. Kendall weighed in Tuesday after SpaceX CEO Elon Musk acknowledged withholding Starlink satellite service to Ukraine as it planned a surprise attack on Russian forces […]
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Investing in Space: Industry enters new era with tight funding and SpaceX dominance
On site at the 2023 edition of the World Satellite Business Week conference in Paris, France. Michael Sheetz | CNBC CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on […]
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SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability. “We […]
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Elizabeth Warren calls for an investigation into Musk and Starlink in Ukraine following biography declare
WASHINGTON — Sen. Elizabeth Warren identified as for a probe Tuesday next a claim that Tesla and SpaceX CEO Elon Musk curbed a Ukrainian military services operation aimed at Russia’s Black Sea fleet previous 12 months by restricting accessibility to SpaceX’s Starlink satellite community, a report stated. “Congress requirements to examine what is actually took place in this article, […]
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SpaceX’s near monopoly on rocket launches is a ‘huge concern,’ Lazard banker warns
Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023. Michael Sheetz | CNBC PARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk’s SpaceX in the rocket launch market, as the industry waits […]
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