SpaceX Financial News

Reuters on 25 August. Developed by the Indian Space Research Organisation (ISRO), the Small Satellite Launch Vehicle (SSLV) is a low-cost means to launch satellites weighing up to 500 kg (1,102 lb) into low-earth orbit. The SSLV serves a booming market to launch clusters of satellites for communications and data that SpaceX and rivals compete in.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Hindustan Aeronautics are among companies vetted to potentially bid in India's efforts to privatise its small satellite launch rocket, a source told Reuters, as the government seeks more investment in the booming space market. The Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation (ISRO), the national space agency, as a low-cost means to launch satellites weighing up to 500 kg (1,102 lb) into low-earth orbit. They serve a booming market to launch clusters of satellites for communications and data that SpaceX and rivals compete in. About 20 companies had submitted an expression of interest in bidding on the privatisation, the first of its kind under a policy drive by Prime Minister Narendra Modi to open launch and other space businesses to investment. India is aiming to increase its share of the global satellite launch market by fivefold within the next decade. The next step will be to open the bidding process itself, the person said, who had direct knowledge of the matter but asked not to be named because discussions are not public. The companies did not respond to a Reuters request for comment. Hindustan Aeronautics, also known as HAL, and Larsen & Toubro, an industrial conglomerate, already have a contract with the government to manufacture and deliver rockets to ISRO. Under that contract, the companies will manufacture and deliver five Polar Satellite Launch Vehicles (PSLV) — often called ISRO's «workhorse» rocket.

Elon Musk, for alleged hiring discrimination against refugees and people seeking or already granted asylum. The lawsuit alleges that SpaceX wrongly claimed that federal export control laws barred it from hiring anyone but US citizens and permanent residents.

The U.S. Department of Justice has sued SpaceX, the rocket company founded and run by Elon Musk, for alleged hiring discrimination against refugees and people seeking or already granted asylum

US government has sued Elon Musk’s SpaceX. The Department of Justice has accused the private rocket and satellite company of discriminating against asylum seekers in its hiring process. It has said that Space X has falsely claimed that it is not allowed to hire non-U.S. citizens. Talking to BBC, Assistant Attorney General of the DOJ's Civil Rights Division, Kristen Clarke said that SpaceX did not hire asylum seekers and refugees because of their citizenship status. He said that it is tantamount to a ban on their hiring and it violated the federal law. He also said that the SpaceX officials took actions that discouraged the asylum seekers and refugees from seeking jobs with the space company. The lawsuit has also alleged that from September 2018 to May 2022, SpaceX routinely discouraged asylum seekers and refugees from applying and refused to hire them because of their citizenship status, which is a violation of the Immigration and Citizenship Act. The Department of Justice also said that in the job postings and public statements Elon Musk’s satellite company has falsely claimed that under the export control law, SpaceX could hire only the U.S. citizens or lawful permanent residents called the ‘green card holders’. The lawsuit also cited Elon Musk’s June 2020 post on Twitter in which he said that the U.S. law requires at least a green card to be hired at SpaceX as rockets are advanced weapons technology.

By Kanishka Singh

Once again, the low cost of Chandrayaan-3 is being highlighted by comparing it to movies. At nearly $75 million, it is cheaper than 2014 sci-fi movie 'Interstellar' and even the recent Bollywood movie 'Adipurush' which cost slightly more than the mission.

historic day for India. The country’s Chandrayaan-3 landed on the lunar south pole. We say this is a historic day for a few reasons.

Tesla and SpaceX CEO Elon Musk on Thursday said that news organisations can also get a share of X's advertising revenue. In his latest bid to woo journalists after paying creators via his X advertising revenue programme, the X owner has now proposed a new way for media houses to make money. «Our advertising revenue share programme also applies to organisations (news or otherwise) who wish to participate,» he posted. On Tuesday, the billionaire invited journalists to publish directly on X (formerly Twitter) and earn a higher income, as he started stripping headlines and text from news articles shared on the platform. On X, posts with news articles only included the lead image and the URL, stripping out the headline and text and links displayed only an article's lead image. «This is coming from me directly.

da Gama and Flamengo with 47 lakh PCVs. The top names in the list include Crew Demo-2 by SpaceX (40 lakh), the K-pop sensation BTS's 'Butter' Official MV (37 lakh) and Johnny Depp v Amber Heard Defamation Trial (35 lakh).

The space race India aims to win this week by landing first on the moon's south pole is about science, the politics of national prestige and a new frontier: money. India's Chandrayaan-3 is heading for a landing on the lunar south pole on Wednesday. If it succeeds, analysts and executives expect an immediate boost for the South Asian nation's nascent space industry.

The Ethereum price has dropped to $1,664 today, representing a 0.4% fall in 24 hours and a 10% loss in the past week.

Space Age began in October 1957 when the USSR launched the Sputnik satellite. As per European Space Agency estimates, since then, nearly 15,000 satellites have been put into orbit. But here is the kicker.

crypto investors with Bitcoin seeing its most significant weekly drop since the November 2022 FTX crash. In the past week, Bitcoin declined 11.5%, hitting $26,023.33 according to Coingecko's data at 5.30 PM on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple's lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined by nearly 16%. The broader market was already in a bear phase, but Bitcoin faced an 8% plunge on August 18 as Elon Musk's SpaceX reportedly divested its Bitcoin holdings, akin to Tesla. SpaceX had accumulated $373 million in Bitcoin during 2021-2022. “Bitcoin’s fall below $26000 last week was the biggest decline for BTC in almost over a year,” said Siddhartha Gupta, SVP, Business and Strategic Alliances, CoinDCX. Simultaneously, investor concerns were heightened by the Federal Reserve's July minutes suggesting possible interest rate hikes.

Moon of Russia's Luna-25 probe is the latest twist in an international push to return to the Earth's natural satellite that has drawn in the world's top powers and new players. Technology, science and politics are all essential factors in the Moon race. Here is the latest on various missions: — Russia's Luna — The launch of Luna-25 on August 11 was the first such Russian mission in almost 50 years and marked the beginning of Moscow's new lunar project.

Elon Musk this week. The Tesla and SpaceX CEO dubbed the US Presidential hopeful a “very promising candidate" and urged people to listen to an interview of Ramaswamy. The 35-year-old is one of three Indian origin Republicans set to contest against Donald Trump in the upcoming primaries.

The price of bitcoin dropped below $26,000 this week amid decreased activity in the market, the growing crisis in China's property sector, and a report that SpaceX has sold at least some of its bitcoin holdings.

Elon Musk’s SpaceX is among many alleged culprits behind a seismic crypto market crash on Thursday, which has triggered over $1 billion in liquidations over the past 24 hours. Here's the latest.

Investing.com -- Bond yields pull back slightly following a surge on Thursday that weighed on the main indices on Wall Street, while Bitcoin tumbles after a news report claimed that billionaire Elon Musk's SpaceX wrote down the value of the cryptocurrency that it owns. Elsewhere, indebted developer Evergrande files for bankruptcy protection in the U.S., as problems continue to mount in China's massive property sector.

Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns.