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☆ CNBC Daily Open: Nvidia pushes past $3 trillion
▼ + stars: | 2024-06-06 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia passes AppleArtificial intelligence chipmaker Nvidia surpassed the $3 trillion market capitalization mark, pushing past Apple to become the second most valuable company behind Microsoft. Baron backs Musk's pay dealBillionaire investor Ron Baron has publicly defended Elon Musk's controversial $56 billion Tesla pay package. Elliott retakes SoftBank stakeElliott Management, an activist investor, has taken a $2 billion stake in SoftBank and is pushing for a $15 billion share buyback. In 2020, at Elliott's urging, SoftBank launched a $20 billion share buyback and asset disposal program.

Persons: Ron Baron, Elon, Baron, Elliott retakes SoftBank, Elliott, SoftBank, Son's, Archer, Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Hewlett Packard Enterprises, Dow Jones, Treasury, Apple, Microsoft, Baron Capital, Elliott Management, Electric, FAA, Archer Aviation, Federal Aviation Administration, United Airlines Locations: New York City, U.S, Tesla, Delaware, SoftBank, Elliott's

☆ Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
▼ + stars: | 2024-06-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The company sought to expand abroad by applying for an Irish banking license, which would have given the bank access to the European Union market. AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals. Raman Bhatia outlined the company's international expansion plans on Wednesday, in his first public remarks since his appointment as CEO in March, taking over from founder Anne Boden. Bhatia said that the company has no plans to re-apply for the EU banking license to push into new countries. Instead, international expansion will be driven by Engine, a software platform that Starling sells to other companies, so they can set up their own digital banks.

Persons: Raman Bhatia, Starling, Bhatia, Goldman Sachs, Anne Boden Organizations: OVO Energy Ltd, European Union, AMSTERDAM —, CNBC, Salt Bank, AMP Locations: AMSTERDAM, Thailand, Salt, Romania, Australia

☆ Aliko Dangote’s mission to build Africa’s largest oil refinery
▼ + stars: | 2024-06-05 | by ( Jackelyn Prager | Jackie Prager | ) edition.cnn.com time to read: +6 min

CNN —Over the past eight years, Aliko Dangote, Africa’s richest man, has built one of the world’s largest oil refineries. Nigeria is one of Africa’s largest oil producers, yet the country has lacked the capability to refine its oil forcing it to rely on imported fuel. Aliko Dangote walks CNN's Eleni Giokos through his oil refinery in Lekki, Nigeria. Did it make economic sense at the time to build a cement plant and compete effectively with imported cement prices? Video Ad Feedback A rare look inside Africa’s largest oil refinery 23:00 - Source: CNNCNN: So how are imports affecting industrialization and local growth of value chains?

Persons: Aliko, I’ve, ”, CNN’s Eleni Giokos, they’ve, Dangote, CNN's Eleni Giokos, we’re, you’ve Organizations: CNN, Dangote Industries Ltd, National Petroleum Corporation, CNN CNN, Obajana, Dangote Cement, Continental Free Trade Area Locations: Lagos, Nigeria, Lekki, India, Dangote, Saharan Africa, Kogi State, Egypt, American, Africa

☆ Dubai Mall, one of the world's largest, is getting even bigger with a $400 million expansion
▼ + stars: | 2024-06-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an estimated 1.5 billion dirhams ($408 million). Spanning 12 million square feet of floor space, the mall is also connected to the Burj Khalifa, the world's tallest skyscraper. The mall's developer, Emaar Properties this week announced the building's expansion plan, which will add 240 new luxury stores and food and drink venues. "The new Dubai Mall expansion is a great addition to one of the most visited sites in the world," Mohamed Alabbar, Emaar founder, said in a statement.

Persons: Mohamed Alabbar Organizations: United Arab Emirates, SEGA Locations: Dubai, United Arab, DUBAI, Burj, UAE, Ukraine

☆ In India’s Election, Democracy Lives On - The New York Times
▼ + stars: | 2024-06-05 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +2 min

For decades, Hindu nationalists had sought to build a temple in Ayodhya, at a spot they believe to be the birthplace of the Hindu god Ram. The only problem was that there was already a house of worship on the spot, a mosque built by a Mughal emperor in 1528. A Hindu mob had dismantled the mosque in 1992, setting off riots that killed 2,000 people, most of them Muslims. World leaders sought Modi’s support on issues ranging from the war in Ukraine to the climate crisis, cementing India’s ascent in global affairs. But the ever unpredictable electorate of the world’s largest democracy responded to Modi’s demand for still more power resolutely: No thanks.

Persons: Narendra Modi, Ram, Modi, ” Organizations: Bharatiya Janata Party Locations: India, Ayodhya, China, Ukraine

☆ Ex-OpenAI employee speaks out about why he was fired: 'I ruffled some feathers'
▼ + stars: | 2024-06-05 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewA former OpenAI researcher opened up about how he "ruffled some feathers" by writing and sharing some documents related to safety at the company, and was eventually fired. Leopold Aschenbrenner, who graduated from Columbia University at 19, according to his LinkedIn, worked on OpenAI's superalignment team before he was reportedly "fired for leaking" in April. The AI researcher previously shared the memo with others at OpenAI, "who mostly said it was helpful," he added. Related storiesHR later gave him a warning about the memo, Aschenbrenner said, telling him that it was "racist" and "unconstructive" to worry about China Communist Party espionage. He said he wrote the document a couple of months after the superalignment team was announced, which referenced a four-year planning horizon.

Persons: —, Leopold Aschenbrenner, OpenAI's, podcaster Dwarkesh Patel, Aschenbrenner, OpenAI, Sam, Sam Altman Organizations: Service, Columbia University, Business, China Communist Party Locations: OpenAI

☆ 13 pro-Palestine protesters arrested after occupying the office of Stanford's president
▼ + stars: | 2024-06-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

13 protesters were arrested after barricading themselves in the office of Stanford's president. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThirteen pro-Palestine protesters were arrested at Stanford University Wednesday after they barricaded themselves inside the school president's office building. This story is available exclusively to Business Insider subscribers.

Persons: barricading, Stanford, — Organizations: Service, Stanford University Wednesday, The New York Times, Business Locations: Palestine, Gaza

☆ Bill Gates calls this book a 'must read'—here are its top 3 takeaways
▼ + stars: | 2024-06-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The book focuses on three themes, all of which can help you better understand the people around you, Brooks writes: curiosity, empathy and self-awareness. That's because they're better at taking interest in other people and giving them the floor to share their stories and perspectives authentically, Brooks writes. "Diminishers are not curious about you, they don't ask you questions," Brooks said during a discussion at Colgate University in February. But diminishers often ask questions that aren't open-ended, or use your response as a way to talk about themselves. Then, try to provide some insight, Brooks writes — rounding out the conversation by letting them know you're here for them.

Persons: Bill Gates, David Brooks, Brooks, Gates, diminishers Organizations: New York Times, Colgate University

☆ Russia will increase the number of military instructors in Burkina Faso, foreign minister says
▼ + stars: | 2024-06-05 | by ( Anneclaire Stapleton | Sebastian Shukla | ) edition.cnn.com time to read: +2 min

CNN —Russia will increase the number of military instructors in Burkina Faso, Russian Foreign Minister Sergey Lavrov said on Wednesday during a trip to the West African nation. “Here, Russian instructors are working; their number will increase.”Russia furthermore intends to supply Burkina Faso with military products to strengthen the country’s defense capability, he said. Burkina Faso is currently under military rule after a junta staged a coup d’état in July 2022. Engulfed in violence, Burkina Faso has been named the world’s most neglected displacement crisis for the second year, by the NRC. Burkina Faso was the first country to do this quickly and effectively,” he said.

Persons: Sergey Lavrov, ” Lavrov, Lavrov, Ibrahim Traoré, Yevkurov, Traoré, Thomas Waldhauser, ” Organizations: CNN, Russian, Russian Federation, Russian Deputy Defense, Norwegian Refugee Council, NRC, US Africa Command, Africa Command Locations: Russia, Burkina Faso, West African, Russian, Ouagadougou, “, China, Africa, Ukraine, ”

☆ What Did Jenna Lyons Sell at Her Stoop Sale?
▼ + stars: | 2024-06-05 | by ( Anna Kodé | ) www.nytimes.com time to read: +1 min

On the third floor of a building in SoHo, Jenna Lyons sat frantically scrubbing a pair of Lanvin shoes. “When I moved to Brooklyn, that was the first time I’d ever seen a stoop sale. The event ended up being a much larger, more stressful production than a typical New York stoop sale — and it didn’t take place on a stoop. Ms. Lyons had to institute a cover charge to help manage the crowd, and a “Real Housewives” film crew was present asking visitors to sign waivers. At first, Ms. Lyons said she pushed back against the filming — “I was like ‘please no, I just want to have a sale.’”

Persons: Jenna Lyons, ”, “, haggle, Lyons, ’ Organizations: Housewives, New, New York City Locations: SoHo, New York, Brooklyn, California

☆ Dutch tourist accused of graffitiing ancient Roman villa in Herculaneum
▼ + stars: | 2024-06-05 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —A tourist from the Netherlands has defaced a frescoed wall in an ancient Roman house in Herculaneum, near Naples, damaging a building that survived the volcanic eruption of Mount Vesuvius in 79 AD, Italian police said on Monday. The police statement said the 27-year-old tourist was swiftly identified after staff at the archaeological site discovered tagged graffiti writing made with a black, indelible marker pen on a white section of a painted wall. The tourist, who was not named, faces charges of damage and defacement of artistic works. It is not the first time that historical monuments have been vandalised by tourists in Italy. In response to repeated acts of vandalism, Italy this year introduced tougher penalties on those who damage monuments and cultural sites, imposing fines of up to €40,000 (around $43,500) for those found guilty of defacing monuments.

Persons: Gennaro Sangiuliano, Emanuele II Organizations: Reuters, Police, Galleria Locations: Netherlands, Herculaneum, Naples, Vesuvius, Italy, England

☆ Police Arrest 13 Protesters Who Occupied Stanford President’s Office
▼ + stars: | 2024-06-05 | by ( Heather Knight | More About Heather Knight | ) www.nytimes.com time to read: +1 min

Police officers arrested 13 pro-Palestinian protesters on Wednesday who had barricaded themselves in the office of the president of Stanford University and demanded that administrators meet several demands, including a vote by the university trustees on whether to divest from companies that are said to support Israel's military. The protesters had entered the building around 5:30 a.m. on Wednesday, and university police officers arrived at the scene after they were alerted of the occupation, according to Ms. Mostofi. The building houses the offices of the university’s president, Richard Saller, and provost, Jenny Martinez, among others. Wednesday is the final day of classes for the spring quarter at Stanford. An encampment that Pro-Palestinian protesters established in late April remains on a campus quad.

Persons: Dee Mostofi, Mostofi, Richard Saller, Jenny Martinez Organizations: Stanford University, Stanford Locations: Stanford, Israel

☆ Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years. "We want to build everybody's chips, everybody's AI chips. Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. Taiwan Semiconductor Manufacturing Company reportedly overtook Samsung in 2023 to become the world's largest foundry by revenue. It's created a level playing field if I were building a factory in Asia versus U.S.," Gelsinger said.

Persons: Pat Gelsinger, Gelsinger, Biden, It's Organizations: Intel, TSMC, Samsung, CNBC, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, U.S, Nvidia, AMD, Meta, Microsoft, Google Locations: Taipei, offing, U.S, Asia

☆ SoftBank shares jump up to 6.3% on report that Elliott Management's pushing for $15 billion in buybacks
▼ + stars: | 2024-06-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Elliott is lobbying for $15 billion worth of share buybacks, arguing that the buybacks will boost SoftBank's share price and "act as a sign of Son's confidence in his strategy," the Financial Times reported. SoftBank shares hit a high of 9,572 yen on Wednesday, 6.32% higher than its Tuesday closing price, according to LSEG data. Elliott had invested $2.5 billion in SoftBank in 2020 and sought share buybacks worth $20 billion along with governance changes, Financial Times reported that year. SoftBank Group declined to comment.

Persons: Toru Hanai, Elliott, SoftBank, Elliott's, Masayoshi Son Organizations: SoftBank Corp, SoftBank Group Corp, Bloomberg, Getty, SoftBank, Elliott Management, Financial Times, U.S Locations: Tokyo, Japan, SoftBank

☆ India’s economic boom won’t be derailed by its election shock
▼ + stars: | 2024-06-05 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. Experts have highlighted land reform as an example of policies that might now be tougher for Modi to implement. India will need to address those issues if it is to capitalize on the massive rethink underway among companies on supply chains. Despite the surprise electoral setback for Modi’s right-wing, Hindu-nationalist Bharatiya Janata Party (BJP), experts say the world’s fastest growing major economy will continue to live up to its billing. The party’s underperformance led to a plunge on India’s stock market, which had its worst day in four years Tuesday.

Persons: New Delhi CNN — Narendra Modi, ”, Peeyush Mittal, Modi, ” Shilan Shah, underperformance, Aditya Suresh, Shah, Malcolm Dorson, It’s Organizations: New, New Delhi CNN, Matthews Asia, Apple, Foxconn, Bharatiya Janata Party, BJP, Capital Economics, Investors, Macquarie Capital, Unified Locations: New Delhi, United Kingdom, India, China, San Francisco, Beijing, Washington, United States, Western

☆ Avoid or short Tesla, First Solar and other stocks, according to Wolfe Research
▼ + stars: | 2024-06-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wolfe Research has a list of stocks that are big targets for short sellers, including some of the market's most well-known names. Wolfe's short screens look at valuation, earnings quality, capital allocation and sentiment to find stocks that are most at risk. Here are 10 that showed up most commonly on Wolfe's screens: Tesla , the leading domestic maker of electric vehicles, was one of the best-known stocks on the list. Unlike Tesla, the solar stock has soared more than 60% this year. Rideshare platform Lyft popped up on four of Wolfe's short screens, down from six the month before.

Persons: Wolfe, Tesla, Elon, Morgan Stanley's Andrew Percoco, Morgan Stanley Organizations: Wolfe Research, Tesla Locations: Tuesday's

☆ Angel Reese ejected during Chicago Sky’s loss to New York Liberty
▼ + stars: | 2024-06-05 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Chicago Sky rookie Angel Reese was ejected late in the fourth quarter of her team’s 88-75 defeat by the New York Liberty on Tuesday after receiving back-to-back technical fouls. In a post on X, formerly Twitter, Chicago Bulls guard Lonzo Ball seemingly offered to pay Reese’s fine. “Ref that threw out @Reese10Angel is weak btw… You know who you are (Keep ya money Angel I got you),” Ball wrote on X. Reese finished the Commissioner’s Cup game with 13 points and 10 rebounds but shot 25% from the field. Breanna Stewart had a huge game for the Liberty, putting up a game high 33 points to go with 14 rebounds and three assists.

Persons: Angel Reese, Reese, Charles Watson, “, waiving, Marina Mabrey, “ You’ve, Teresa Weatherspoon, ”, Lonzo, Angel, ” Ball, ” Reese, Breanna Stewart, Melissa Tamez, Chennedy Carter, Clark, Billie Jean King, Chris Evert’s, King, Maya Moore, Sheryl Swoopes, Candace Parker, Diana Taurasi, A’ja Wilson, Caitlin, Christine Brennan, we’ve Organizations: CNN, Chicago Sky, New York Liberty, WNBA, Twitter, Chicago Bulls, Liberty, Sky, tennis, USA

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Modi is on a mission to assert India's global power. His election setback won't deter him.
▼ + stars: | 2024-06-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewIndia's Prime Minister Narendra Modi emerged from Tuesday's election with his air of invincibility damaged. AdvertisementA leader of the global southUnder Modi, India's growth has put it on the path to becoming the world's third-biggest economy by 2027 — and it has become an important and increasingly abrasive global power player. He has sought to balance this by forming ties with US adversary Russia and has clashed with Asia's chief power, China. Advertisement"This election result is unlikely to have much of an impact on India's international security actions," said Rossow. Alexandr Demyanchuk/AFP/Getty ImagesBut there will be serious challenges for Modi in seeking to cement India's new global status.

Persons: —, Narendra Modi, Modi, Richard Rossow, Joe Biden, Dan Kitwood, it'll, Rossow, Modi's, Vladimir Putin, Alexandr Demyanchuk, Vladimir Putin's, Washington, China's Xi Jinping, Putin, Ashley J Organizations: Service, BJP, Business, Modi, UN Security Council, Center for Strategic, International Studies, India, US, UK, Washington Post, Indian, Shanghai Cooperation Organisation, Carnegie Endowment, International Peace Locations: India, Russia, China, New Delhi, Australia, Japan, Canada, Russian, Samarkand, AFP, Vladimir Putin's Russia, Ukraine, Pakistan

☆ Jim Cramer explains how Nvidia's gains can lift other stocks
▼ + stars: | 2024-06-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday explained to investors how Nvidia can sometimes boost other stocks when it soars. He added that companies involved in every aspect of building data centers saw gains, from energy outfits to semiconductor manufacturers. "I know that Nvidia's stock accounts for one-third of the S&P 500's rally this year, so it's easy to say it has outsized influence," Cramer said. "But as a formerly decent bowler before I hurt my elbow, I'll tell you that I've never seen, ever seen anything like this. Every time Nvidia hits the head pin, it's strike after strike after strike."

Persons: CNBC's Jim Cramer, Cramer, Hewlett Packard, I've Organizations: Nvidia, Nasdaq, Apple

☆ How to sleep like a millionaire: a 5-part guide
▼ + stars: | 2024-06-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Longevity investor and XPrize founder Peter Diamandis uses a relatively elaborate multi-part system for getting better sleep. Martine Paris"The Oura ring doesn't help me sleep better," Diamandis said. "It helps me remain true to my commitment," by encouraging him to get at least seven hours of sleep per night. Carlina Teteris/Getty ImagesThe most important element of Diamandis' sleep routine is the timing. Sticking to this strict sleep schedule is the only way he can guarantee he gets close to eight hours of sleep each night.

Persons: —, Peter Diamandis, it's, Diamandis, you'll, Kim Kardashian, Prince Harry, Mark Zuckerberg, Gwenyth Paltrow, Lance Armstrong, Martine Paris, Oura, Elon Musk, Mark Zuckerburg, Tim Ferriss, Carolyn Van Houten, he's Organizations: Service, Business, Washington, Getty

☆ Hunter Biden trial puts America’s addiction crisis back into focus
▼ + stars: | 2024-06-05 | by ( Josh Campbell | ) edition.cnn.com time to read: +5 min

Hunter Biden has pleaded not guilty to charges of illegally purchasing and possessing a gun while abusing or being addicted to drugs, a violation of federal law. Another question probed whether potential jurors or their close associates had ever sought treatment for drug use. During their, at times, emotional answers, prospective juror after juror described how drug use had afflicted people they knew. About 42% of adults in the United States say they personally know at least one person who died from a drug overdose, according to survey findings published earlier this year by the nonprofit research institute RAND Corporation. In addition to illuminating the sheer number of Americans impacted by addiction, Hunter Biden’s trial is also creating critical awareness around the very language used to describe drug use.

Persons: Hunter Biden, Wilmington’s J, Caleb Boggs, “, ”, Scott Hadland, Hunter Biden’s, Andy Mendenhall, Bob Day, McPhillips, Marshall Cohen, Jacqueline Howard Organizations: Mental Health Services Administration, CNN, RAND Corporation, Children, Concern, Portland Police Locations: Delaware, United States, Oregon

☆ Tesla's ex-AI chief says it makes perfect sense for Elon Musk to divert Nvidia chips from Tesla to X
▼ + stars: | 2024-06-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk has been criticized for his decision to redirect Tesla's Nvidia chips to X. But Tesla's former head of AI infrastructure, Tim Zaman has come forward to defend Musk's decision. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDiverting Tesla's AI chips to X made sense given the logistics that come with assembling a supercomputer, the automaker's former head of AI infrastructure said on Tuesday. "The practicalities of building a supercomputer are insane once you get down to it," Tim Zaman wrote in an X post.

Persons: Elon Musk, Tim Zaman, Zaman, — Organizations: Service

☆ I visited a car-free neighborhood in Arizona and was surprised that it felt 15 degrees cooler than the surrounding blocks
▼ + stars: | 2024-06-05 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

In 2022, nearly 400 people in Maricopa County — which includes Phoenix, Tempe, Scottsdale, and other surrounding cities — died from heat-related conditions, according to Maricopa County Public Health. This story is available exclusively to Business Insider subscribers. Enter Culdesac, a car-free community in Tempe that is combatting the area's heat problem with a neighborhood built to cool. A company representative told Business Insider that the 17-acre block houses 200 people, but the company is aiming for 1,000 residents. AdvertisementI recently got a tour of Culdesac, where I anticipated open street paths, shops, and amenities residents could walk to.

Persons: —, Culdesac Organizations: Service, Maricopa County Public Health, Business Locations: Arizona, Maricopa County, Phoenix, Tempe, Scottsdale

☆ Space elevators could get us to Mars in record time — and Japan is planning one for 2050
▼ + stars: | 2024-06-05 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +8 min

The concept of space elevators isn't new, but engineering such a structure would be no easy feat, and many other issues besides technology stand in the way. Japan aims to build a space elevator by 2050Japan's Skytree Tower is tall, but it's nowhere near as big as a space elevator. AdvertisementAccording to some designs, space elevators would shuttle cargo to orbit on electromagnetic vehicles called climbers. Other estimates for space elevators in general have put the price at $227 per pound. For instance, a space elevator's tether would be under such incredible tension that it would be prone to snapping, Johnson said.

Persons: —, Yoji Ishikawa, Ishikawa, Christian Johnson, Johnson, Garlic, There's, Victor Habbick, Obayashi, haven't Organizations: Service, Business, Obayashi Corporation, Kyodo, Science, Getty, NASA, Obayashi Locations: Japan, Tokyo, Earth

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