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☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ It looks like Elon Musk will help launch a new Ad Astra school on a former horse ranch in Texas this summer
▼ + stars: | 2024-03-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

A job listing indicates that a new Montessori Ad Astra school will open this summer. Musk cofounded Ad Astra in 2014. AdvertisementA job listing indicates that Elon Musk is planning to launch a new Ad Astra school in Texas. Musk cofounded Ad Astra in 2014 with Josh Dahn. Ad Astra appears to be partnering with Xplor Education, a firm that provides software for childcare operators, to form the new Montessori school.

Persons: Musk, —, Elon Musk, Josh Dahn, Dahn, it's, execs, didn't Organizations: Ad Astra, Astra, Service, Business, Xplor Education, Montessori, The New York Times, Maria Montessori Institute, The Boring, SpaceX, Times, Bel Air Locations: Texas, Boca Chica , Texas, Bastrop , Texas, Austin

JERUSALEM (AP) — Iran said Sunday it successfully launched three satellites into space, the latest for a program that the West says improves Tehran's ballistic missiles. The state-run IRNA news agency said the launch also saw the successful use of Iran's Simorgh rocket, which has had multiple failures in the past. There have been five failed launches in a row for the Simorgh program, another satellite-carrying rocket. U.N. sanctions related to Iran’s ballistic missile program expired last October. ___Associated Press writer Amir Vahdat in Tehran, Iran, contributed to this report.

Persons: Amir Vahdat Organizations: JERUSALEM, —, Sunday, Associated Press, State TV, Security, Associated Locations: — Iran, Semnan province, State, Kayhan, States, Tehran, U.S, Iran

☆ Europe's new Ariane 6 rocket to launch June 15-July 31, 2024
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Nov 30 (Reuters) - Europe's new Ariane 6 rocket will stage an inaugural flight between June 15 and July 31 in 2024, the European Space Agency said on Thursday. The keenly awaited window for the first test flight came after a test model of the new rocket passed a key long-firing engine test in French Guiana last week. The maiden flight will carry some smaller satellites, including two from NASA, but since it is still considered a test flight, it will not carry "a major payload", ESA added. The ESA will carry out a few additional tests before the launch to make sure the design is "fault tolerant". Aschbacher said last month he hoped to be able to announce a launch window for an inaugural flight to be held in 2024, depending on the results of the engine test.

Persons: Emmanuel Macron, Christophe Ena, Josef Aschbacher, Safran, Vega, Aschbacher, Tim Hepher, Piotr Lipinski, Alex Richardson, Bernadette Baum, Christina Fincher Organizations: Ariane, Rights, European Space Agency, ESA, NASA, ArianeGroup, Airbus, U.S, SpaceX, Soyuz, Thomson Locations: Vernon, France, Guiana, Europe, Russia, Ukraine

☆ Europe's new Ariane 6 rocket passes launch rehearsal -ESA
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

PARIS, Nov 23 (Reuters) - Europe's Ariane 6 launcher has passed a key rehearsal in preparation for its first flight, the European Space Agency (ESA) said on Thursday - part of efforts to bring the delayed rocket to the launchpad in 2024. Ariane 6 is being developed by ArianeGroup, a joint venture between Airbus (AIR.PA) and Safran (SAF.PA), in order to better compete with U.S. private launch provider SpaceX. Russia blocked European use of its Soyuz rockets last year in response to Western sanctions over Ukraine. "We are back on track towards re-securing Europe's autonomous access to space," ESA Director General Josef Aschbacher said in a statement late on Thursday. Reporting By Tim Hepher in Paris; editing by Jonathan Oatis and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Safran, Vega, Josef Aschbacher, Aschbacher, Tim Hepher, Jonathan Oatis, Sonali Paul Organizations: European Space Agency, ESA, ArianeGroup, Airbus, U.S, SpaceX, Soyuz, Thomson Locations: Guiana, Europe, Russia, Ukraine, Paris

☆ Watch: SpaceX Starship Test Flight Launches Before Exploding
▼ + stars: | 2023-11-18 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Watch: SpaceX Starship Test Flight Launches Before ExplodingElon Musk’s SpaceX launched a test flight of its Starship rocket early Saturday from its spaceport in Texas, reaching a crucial booster separation stage before exploding. The company’s previous launch attempt in April ended in an explosion. Photo: Eric Gay/Associated Press

Persons: Elon, Eric Gay Organizations: SpaceX, Associated Locations: Texas

☆ Is the UK space industry about to take off?
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: +1 min

The failure of Virgin Orbit's maiden commercial satellite launch from British soil, and the company's subsequent filing for bankruptcy protection, may have seemed like a fatal blow for the U.K.'s nascent space sector. But a range of companies hope to play a key role in the business of building, launching and operating satellites, a $281 billion industry which has been growing rapidly over the past decade. Billionaire-backed companies like Elon Musk's SpaceX, Jeff Bezos's Blue Origin and Richard Branson's Virgin Orbit have been revolutionizing the space industry over the last decade, which has seen advances in re-usable rockets, the deployment of thousands of small communication satellites and new launch sites opened. To find out how smaller U.K.-based firms are looking to compete, CNBC visited a spaceport being built in the far north of the Shetland Islands, an established satellite-builder and a startup aiming to see one of its re-usable satellites finally make it into space.

Persons: Virgin, Jeff Bezos's, Richard Branson's Virgin Organizations: Elon, SpaceX, CNBC Locations: Shetland

☆ Billionaire Richard Branson's Virgin Galactic lays off 185 employees as it doubles down on efforts to build new spaceships
▼ + stars: | 2023-11-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Virgin Galactic has laid off 185 employees, which represented about 18% of its workforce. AdvertisementAdvertisementThe ships are designed to carry six passengers on weekly spaceflights, Virgin Galactic has previously said . Virgin Galactic completed its first commercial space flight in June and carried out a total of five commercial flights this year, Space News reported. Earlier this year, Virgin Galactic was selling tickets for its commercial flights at $450,000 each, per a brochure previously listed on its website. Virgin Galactic didn't immediately respond to Insider's request for comment, made outside of normal working hours.

Persons: —, Michael Colglazier, Colglazier, Richard Branson, Virgin Galactic didn't Organizations: Virgin Galactic, Service, Galactic, CNBC, Delta, New Mexico's, Space News Locations: Phoenix , Arizona, Phoenix, New, America

☆ France says Ariane 6 accord calls for public aid, 11% cost cuts
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] General view of Ariane 6, Europe's next-generation space rocket, production line of Ariane Group in Bremen, Germany, February 19, 2019. The deal between Europe's three leading launch nations also clarifies usage of the European spaceport in French Guiana and opens up competition to future launchers, Le Maire said. A separate statement by France, Germany and Italy said Avio's (AVI.MI) Vega C would receive up to 21 million euros in public support. "This is a major success and a decisive point in European space history. It preserves European unity on the question of access to space," Le Maire told reporters following talks between members of the 22-nation European Space Agency (ESA).

Persons: Europe's, Fabian Bimmer, Bruno Le Maire, Le Maire, Safran, Avio's, Vega, Tim Hepher, Charlotte Van Campenhout, Mark Potter Organizations: Ariane, REUTERS, Rights, French Finance, Airbus, European Space Agency, ESA, Thomson Locations: Bremen, Germany, France, Italy, Guiana

☆ India completes crucial test in crewed space mission after delay
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +1 min

A security guard stands behind the logo of Indian Space Research Organisation (ISRO) at its headquarters in Bengaluru, India, June 12, 2019. REUTERS/Francis Mascarenhas Acquire Licensing RightsMUMBAI, Oct 21 (Reuters) - India on Saturday completed a key test in its ambitious crewed space mission Gaganyaan, hours after halting the planned lift-off, the Indian Space Research Organisation (ISRO) said. Mission Gaganyaan gets off on a successful note." ISRO has said it would explore ways to achieve a sustained human presence in space once Gaganyaan is completed. The Gaganyaan mission has been expected to launch from the country's main spaceport in Sriharikota before 2024, although a schedule had not been announced.

Persons: Francis Mascarenhas, Gaganyaan, Siddhi Nayak, Lincoln, William Mallard Organizations: Indian Space Research Organisation, ISRO, REUTERS, Rights, Siddhi, Thomson Locations: Bengaluru, India, Rights MUMBAI, Sriharikota

☆ India to conduct key test in crewed space mission on Oct 21
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

A security guard stands behind the logo of Indian Space Research Organisation (ISRO) at its headquarters in Bengaluru, India, June 12, 2019. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsNEW DELHI, Oct 10 (Reuters) - India will conduct a key test in its ambitious space mission Gaganyaan on Oct. 21, launching an empty module into outer space and bringing it back to earth, deputy minister for science and technology Jitendra Singh said on Tuesday. It will be followed by another test flight carrying a robot to outer space before the final manned mission takes place, the minister said. "Before the ultimate manned 'Gaganyaan' mission, there will be a test flight next year, which will carry Vyommitra, the female robot astronaut," he said. Singh was speaking at a program to commend Indian Space Research Organisation (ISRO) scientists associated with the Chandrayaan-3 mission, which made India the first country to land on the south pole of the moon.

Persons: Francis Mascarenhas, Jitendra Singh, Satish, Singh, Sakshi Dayal, Deborah Kyvrikosaios Organizations: Indian Space Research Organisation, ISRO, REUTERS, Space, Space Research Organisation, Thomson Locations: Bengaluru, India, DELHI, Sriharikota

☆ Spain's PLD Space launches private reusable rocket in milestone for Europe
▼ + stars: | 2023-10-07 | by ( Aislinn Laing | ) www.reuters.com time to read: +3 min

MADRID, Oct 7 (Reuters) - Spanish company PLD Space launched its reusable Miura-1 rocket early on Saturday from a site in southwestern Spain, carrying out Europe's first fully private rocket launch and offering hope for the continent's stalled space ambitions. The Miura-1 rocket, named after a breed of fighting bulls, is as tall as a three-storey building and has a 100-kg (220-pound) cargo capacity. A first attempt to launch the Miura-1 rocket in May was abandoned due to strong high-altitude winds. Competitors lining up to join the race to launch small payloads include companies in Scotland, Sweden and Germany. In July, the last launch of Europe's largest rocket, the premier Ariane 5 space launcher, took place at the European spaceport in Kourou, French Guiana.

Persons: Miura, Italy's Vega, Vega, Aislinn Laing, David Alire Garcia, Valentine Hilaire, Will Dunham Organizations: Space, Virgin Orbit, Boeing, Competitors, Ariane, European Space Agency, Thomson Locations: MADRID, Spanish, Spain, Huelva, Britain, Scotland, Sweden, Germany, Kourou, French Guiana, Europe, Russia, Ukraine

☆ Spain's PLD Space Counts Down to Test Rocket Launch From Europe
▼ + stars: | 2023-10-06 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

MADRID (Reuters) - Spanish startup PLD Space will attempt a test launch of its reusable Miura-1 rocket early on Saturday, spearheading a new generation of 'microlaunchers' after an aborted attempt in June. "The day has arrived," Raul Torres, PLD Space chief executive and co-founder of PLD Space, wrote on social media platform X, previously known as Twitter. Europe's efforts to develop capabilities to send small satellites into space are in focus after a failed orbital rocket launch by Virgin Orbit from Britain in January. PLD Space's Miura-1 rocket, named after a breed of fighting bulls, is as tall as a three-storey building and has a 100-kg (220-pound) cargo capacity. Competitors lining up to join the race to launch small payloads include companies in Scotland, Sweden and Germany.

Persons: Raul Torres, Space's Miura, Italy's Vega, Vega, Emma Pinedo, Tim Hepher, Tim Hepther, Aislinn Laing, Edmund Blair Organizations: Spanish, Space, Twitter, Virgin Orbit, Boeing, Ariane, European Space Agency Locations: MADRID, Huelva, Spain, Britain, Europe, Russia, Scotland, Sweden, Germany, Kourou, French Guiana

☆ Spain's PLD Space counts down to test rocket launch from Europe
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +3 min

PLD Space/Handout via REUTERS/File Photo Acquire Licensing RightsMADRID, Oct 6 (Reuters) - Spanish startup PLD Space will attempt a test launch of its reusable Miura-1 rocket early on Saturday, spearheading a new generation of 'microlaunchers' after an aborted attempt in June. The rocket is due to lift off on its suborbital test mission at 2 a.m Spanish time on Saturday (0000 GMT) from Huelva in southwest Spain, marking what its designers say will be Europe's first fully private rocket launch. "The day has arrived," Raul Torres, PLD Space chief executive and co-founder of PLD Space, wrote on social media platform X, previously known as Twitter. Europe's efforts to develop capabilities to send small satellites into space are in focus after a failed orbital rocket launch by Virgin Orbit from Britain in January. In July, the last launch of Europe's largest rocket, the premier Ariane 5 space launcher, took place at the European spaceport in Kourou, French Guiana.

Persons: Raul Torres, Space's Miura, Italy's Vega, Vega, Emma Pinedo, Tim Hepher, Tim Hepther, Aislinn Laing, Edmund Blair Organizations: REUTERS, Rights, Spanish, Space, Twitter, Virgin Orbit, Boeing, Ariane, European Space Agency, Thomson Locations: El, Huelva, Spain, Rights MADRID, Britain, Europe, Russia, Scotland, Sweden, Germany, Kourou, French Guiana

☆ Japan's MUFG Bank, two others lead $290 mln Sierra Space fundraising -Nikkei
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Sept 26 (Reuters) - MUFG Bank is among three Japanese firms leading a $290-million fundraising round for U.S. spaceship company Sierra Space, spearheading a commercial "spaceport" project in the southwestern region of Oita, the Nikkei daily said on Tuesday. A spokesperson of Tokio Marine & Nichido Fire, a unit of Tokio Marine Holdings (8766.T), confirmed that the three companies formed a strategic partnership with Sierra, but declined to elaborate on their investments. Sierra Space, spun off in 20221 from billionaire-owned Sierra Nevada Corp, is among a handful of space industry players attempting to build a private space station that NASA hopes will replace the two decade-old International Space Station by 2030. The Oita project took a hit this year from the bankruptcy of another U.S. space company Virgin Orbit , which had partnered with airline ANA Holdings (9202.T). MUFG Bank, one of Japan's three biggest, has invested in domestic space startups such as orbital debris-removal firm Astroscale.

Persons: Sierra, inc's, Kantaro Komiya, Clarence Fernandez Organizations: MUFG, Space, Nikkei, SpaceX, MUFG Bank, Tokio Marine, Tokio Marine Holdings, Sierra, Mitsubishi UFJ, Kanematsu Corp, CNBC, Sierra Nevada Corp, NASA, Japan Airlines, Orbit, ANA Holdings, Mitsui Sumitomo Insurance, Japan Aerospace Exploration, SLIM, Thomson Locations: TOKYO, Oita, Sierra, Kanematsu, Asia's, Japan

☆ An amateur Scottish soccer club is accusing Elon Musk's SpaceX of stealing its logo, but says it doesn't plan on suing, and would rather he buys the team
▼ + stars: | 2023-09-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The logo is very similar to that of an amateur soccer team in Scotland. Haddington Town AFC proceeded to joke about Elon Musk joining the team, and invited to him to buy the club. As more pictures of the badge emerged, it caught the attention of Haddington Town AFC. As well as the soccer club, it appears on the local high school's badge, on statues in the town, and even engraved on lamp posts. But Haddington Town AFC saw the funny side of things, joking on X about Musk joining the club.

Persons: Elon Musk, Ro Organizations: SpaceX, Haddington, Elon, Service, Haddington Town AFC Locations: Scotland, Wall, Silicon, Boca Chica , Texas

CNN —North Korean leader Kim Jong Un received body armor and drones as parting gifts as he wrapped up a trip to Russia that has alarmed the West. North Korea is heavily sanctioned and is in need of everything from energy to food to military technology. As he left, the governor of the far eastern Russian region of Primorye gave him a bulletproof vest and a set of drones, Russian state media TASS reported. Russian President Vladimir Putin, right, called his meeting with North Korea's Kim Jong Un "very substantive" on Wednesday. Vladimir Smirnov/Sputnik/APThe North Korean leader visited an aircraft manufacturing plant in the city of Komsomolsk-on-Amur in eastern Russia on Friday.

Persons: Kim Jong Un, Vladimir Putin, Kim, Kim Jong, Sergei Shoigu, Putin, “, ” Putin, Vladimir Smirnov, KCNA, Yuri, ” Organizations: CNN, North, Russian, TASS, Russia's, Russian Defence Ministry, Reuters, RIA Novosti, RIA, Putin, Aviation, Russian Defense, Pacific Fleet, Russian Navy, Military Locations: Russia, Korea, Ukraine, North Korea, Russian, Primorye, Artyom, Khasan, Russia’s Far, Komsomolsk, Reuters North Korean, KCNA, South Korea, Japan, Europe

Russia’s RIA Novosti state news agency released a video of Kim dressed in a black suit and accompanied by his top officials arriving at the university on Russky Island. U.S. and South Korean officials have said North Korea could provide badly needed munitions for Moscow’s war on Ukraine in exchange for sophisticated Russian weapons technology that would advance Kim’s nuclear ambitions. Kim and Shoigu later traveled to Vladivostok, where they inspected the Admiral Shaposhnikov frigate. Russia’s navy commander, Adm. Nikolai Yevmenov, briefed Kim on the ship’s capabilities and weapons, which include long-range Kalibr cruise missiles that Russian warships have regularly fired at targets in Ukraine. Later Saturday, Kim visited a local theater to watch Pyotr Tchaikovsky’s Sleeping Beauty ballet performance.

Persons: Kim Jong Un, Kim’s, Sergei Shoigu, Kim, Vladimir Putin’s, Oleg Kozhemyako, Putin, Sergei Kobylash, Shoigu, Shaposhnikov, Adm, Nikolai Yevmenov, ” KCNA, Pyotr Tchaikovsky’s, KCNA Organizations: Eastern Federal University, Russian, Korean Central News Agency, RIA, West, MiG Locations: SEOUL, South Korea, Vladivostok, Moscow, Ukraine, RIA Novosti, Russky, Russia’s Primorye, West ., North Korea, Komsomolsk, Russian, Shoigu, Russia, Korean, Pyongyang, United States, Soviet Union

A security guard stands behind the logo of Indian Space Research Organisation (ISRO) at its headquarters in Bengaluru, India, June 12, 2019. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Sept 15 (Reuters) - India is set to conduct a key test in its ambitious crewed space mission Gaganyaan as early as next month, the project director of the mission R. Hutton told Reuters. The Indian Space Research Organisation (ISRO) is currently training four astronauts and looking to expand the cohort as it aims for more future manned missions, Hutton said. ISRO has said it will explore ways to achieve a sustained human presence in space once Gaganyaan is completed. The space agency has previously said its Vikram Sarabhai Space Centre had successfully tested systems for stabilising the crew module and safely reducing its velocity during re-entry.

Persons: Francis Mascarenhas, Hutton, Vikram, Nivedita Bhattacharjee, Blassy Boben, David Holmes Organizations: Indian Space Research Organisation, ISRO, REUTERS, Rights, Reuters, Centre, Thomson Locations: Bengaluru, India, Sriharikota

Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

☆ Russia Repels Attack on Ship in Crimea: Live Ukraine War Updates
▼ + stars: | 2023-09-14 | by ( Andrés R. Martínez | ) www.nytimes.com time to read: +9 min

News AnalysisA photograph released by North Korean state media showing President Vladimir V. Putin of Russia with the North Korean leader Kim Jong-un at the Vostochny Cosmodrome in Russia on Wednesday. The Korean War never officially ended after the guns fell silent in a cease-fire in 1953. North Korea, though isolated and impoverished, has prioritized a military buildup, with its propaganda machines urging constant vigilance against American invasion. Image At the border between North Korea and South Korea. “Trust is so low among Russia, North Korea and China that a real alliance of the three isn’t credible or sustainable.”

Persons: Vladimir V, Putin, Kim Jong, Matthew Miller, , Putin “ , Chang W, Lee, ”, Yang Uk, Yoon Suk Yeol, It’s, ” Mr, Yang, Michael Park, Kim, “, Siemon, Mr, Wezeman, Hong Min, Hong, David Guttenfelder, Leif, Eric Easley Organizations: North, North Korean, Vostochny, United Nations, State Department, New York Times, Asan Institute, Policy Studies, ” Artillery, ., The New York Times, Stockholm International Peace Research Institute, NATO, Korea Institute for National Unification, Russian, Mr, Ewha Womans University Locations: North Korean, Russia, . Washington, Moscow, South, United States, Ukraine, Russia’s, North Korea, Pyongyang, Washington, South Korea, Soviet, Syria, Iran, Korea, “, Seoul, Changwon, Stockholm, Sweden, North, , Zaporizhzhia, Komsomolsk, Vladivostok, China

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Persons: Dow Jones, vladimir, putin

☆ Ukraine war live updates: Kim and Putin in talks after meeting at spaceport in Russia's far east
▼ + stars: | 2023-09-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russian media showed the leaders greeting each other outside the space rocket launch venue around 1,000 miles from Vladivostok, where Kim initially arrived on Tuesday. The Kremlin also released a video showing the leaders touring the cosmodrome ahead of talks. In this pool photo distributed by Sputnik agency, Russia's President Vladimir Putin (R) shakes hands with North Korea's leader Kim Jong Un (L) during their meeting at the Vostochny Cosmodrome in Amur region on September 13, 2023. Western officials believe Russia wants to acquire weaponry for use in its war in Ukraine with North Korea wanting financial assistance and food, and potentially military technology, in return. North Korea reportedly fired two ballistic missiles off its east coast just hours before leader Kim was expected to meet Putin.

Persons: Kim, Vladimir Putin, North, Kim Jong, Putin Organizations: Sputnik, Vostochny Locations: Vladivostok, Amur, Russia, Ukraine, North Korea, Korea

MOSCOW (AP) — Russia’s Vostochny space launch facility where President Vladimir Putin hosted North Korean leader Kim Jong Un on Wednesday reflects an ambitious attempt by Moscow to burnish its scientific glory that faded after the collapse of the Soviet Union. The new spaceport has a troubled history tarnished by construction delays and widespread corruption. DIFFICULT CONSTRUCTIONVostochny’s location in an unexplored and sparsely populated area in Russia’s far east has added to the cost and length of construction works. The first launch from Vostochny initially had been planned for 2015 but was pushed back until the following year. In 2018, an inspection revealed cavities in the ground under the launch pad that were blamed on shoddy construction works and required additional funds to fix.

Persons: Vladimir Putin, Kim Jong Un, Putin, Vostochny, Luna Organizations: MOSCOW, North, Soviet Union, Baikonur, Soyuz Locations: Moscow, Soviet, Soviet Union, Russia, Kazakhstan, Russia’s, Tsiolkovsky, Vostochny

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