Space industry
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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Russia’s Putin praises Elon Musk as an ‘outstanding person’ and ‘talented businessman’
Elon Musk, chief executive officer of SpaceX and Tesla, and operator of X. previously known as Twitter. Gonzalo Fuentes | Reuters Russian President Vladimir Putin on Tuesday praised Elon Musk, contacting the Tesla and SpaceX founder a “gifted businessman.” Putin manufactured the feedback at the Jap Economic Forum in Vladivostok as he spoke about Russia’s […]
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Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat’s low earth orbit broadband constellation. Telesat PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. Elon Musk’s SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture’s Lightspeed internet satellites. Telesat […]
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U.S. export credit agency is working through $5 billion pipeline of space financing, vice chair says
A Falcon Heavy rocket launches the Viasat-3 “Americas” satellite on May 1, 2023. SpaceX PARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter capital market. The Export-Import Bank of the United States, […]
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