SpaceX Financial News

By Joey Roulette

By Joey Roulette

By Joey Roulette

Elon Musk's drug use has worried executives and board members at businesses he runs, the Wall Street Journal reported, citing unidentified people familiar with the billionaire and the companies. Musk has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties, the Journal said, citing unnamed witnesses and others with knowledge of the matter.

By Daniel Wiessner

The innovative company OpenAI, which is responsible for the well known ChatGPT, is now in the preliminary phases of a potential game-changing fundraising round. Recent sources indicate that the corporation is now engaged in conversations to seek fresh money with a value of at least $100 billion. This represents a huge increase from the company's previous valuation of $90 billion which was disclosed. This monumental financial move, if successful, could elevate OpenAI to become the second-most valuable startup in the United States, trailing only behind Elon Musk's SpaceX, which is valued at $180 billion. Additionally, it would position OpenAI as the third most valuable privately-held company worldwide, behind ByteDance and SpaceX.

His current business, X (previously known as Twitter), is expanding into new regions with the projected debut of in-app payment services by the middle of 2024. Elon Musk, the brilliant mind behind firms such as SpaceX and Tesla, is pushing his latest endeavour into new territory. This action is considered to be a component of Musk's master plan to convert X into a «everything app,» a notion that has garnered a great deal of attention and discussion because of its potential.

A U.S. labor agency has accused SpaceX of unlawfully firing employees who penned an open letter critical of CEO Elon Musk and creating an impression that worker activities were under surveillance by the rocket ship company

Investing.com -- U.S. stock futures edged up on Thursday, after a negative start to 2024 for equities on Wall Street carried over into a second straight session. Markets were little surprised by minutes from the Federal Reserve's latest meeting, which dampened already ebbing hopes that the central bank would begin to cut interest early this year. Elsewhere, a U.S. labor agency accuses rocket company SpaceX of unlawfully dismissing workers who raised concerns over social media statements made by founder Elon Musk.

Elon Musk’s SpaceX, which plans to launch satcom services in India, earlier this week launched its first batch of Starlink satellites with direct-to-cell capability. The technology allows Starlink to deliver direct satellite broadband connectivity on smartphones anywhere on the planet.

By Daniel Wiessner

high-capacity satellite aims to meet the broadband communication needs of the country. "NewSpace India Limited (NSIL) to undertake its 2nd Demand Driven satellite mission “GSAT-20 [GSAT-N2] : Ka-band HTS satellite" during 2nd quarter of 2024…" read the press release issued by the NSIL on Tuesday. ALSO READ: ISRO launches X-ray polarimeter satellite to study black holes.

funding winter and an increase in the number of companies looking to raise cash, says Deepak Padaki, president of Infosys founder NR Narayana Murthy’s investment firm, Catamaran Ventures. The family office has backed around 27 private firms including Acko, Udaan, PaperBoat and Elon Musk’s SpaceX. In an interview with ET’s Beena Parmar, Padaki, who joined the company last August, also talks about its investment exits, deal sizes and corporate governance at startups. Edited excerpts: Private investments have slowed down. Where is growth coming from for Catamaran?

the successful liftoff, SpaceX tweeted, "Falcon Heavy launches USSF-52 to orbit from Florida." According to AFP, the US released little information about the space drone and its mission, which was initially scheduled for December 7. Meanwhile, SpaceX only cited the Pentagon's mission code name -- USSF-52 -- in its statement on the launch. The X-37B US space drone is about the size of a small bus and resembles a miniature space shuttle.

Elon Musk has been named The New Republic’s 2023 Scoundrel of the Year. The Tesla CEO has been in the news since after he decided to sink a whopping $44 billion into buying Twitter, later renaming it as ‘X’. Elon Musk over the past year has garnered the impression that he has an “unquenchable desire to be the center of attention", according to The New Republic.

By Joey Roulette and Steve Gorman

Elon Musk is lashing out at the state of US financial markets.

Elon Musk has lashed out at the state of the US financial markets, citing the intense regulatory pressure faced by public companies such as Tesla. He also noted how shareholder pressure is limiting efficiency and how passive investing is leading to only 4-5 major stock pickers influencing market movements.

blew up the rocket. The launch was a significant milestone as it marked the first comprehensive flight test of a Starship and Super Heavy integrated launch system, which has a towering height of 395 feet (120 meters). An earlier attempt at the launch on April 17 was cancelled due to a fueling issue.

Amazon antenna on the Indian Ocean island of Mauritius made contact with both, but during a subsequent handoff to another station, only one vehicle checked in. Amazon scanned the sky behind the first satellite for a signal from the second one but heard silence. The incident threatened to kill the mood for employees who’d gathered to celebrate the launch at Postdoc Brewing, not far from Amazon’s Seattle-area space operation. The team had spent years building satellites from scratch and endured months of delays launching them. Now that they were aloft, Amazon needed to make contact to ensure their solar panels had deployed. If not, the batteries would run out and the satellites would fail, a major setback for the retail and cloud-computing giant, already a late entrant in the race to build a profitable business selling internet access from low-Earth orbit.

Elon Musk must testify again for the U.S. Securities and Exchange Commission's probe of his $44 billion Twitter takeover, handing the SEC a victory in its latest skirmish with the world's richest person. During a hearing in San Francisco, U.S. Magistrate Judge Laurel Beeler quickly rejected arguments by Musk's attorney that SEC officials do not have the authority to issue subpoenas, saying the agency has broad investigative powers and that no judge would «second guess» an SEC probe.