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☆ Space vacations and retiring on Mars: SpaceX COO shares 3 visions for the company's future
▼ + stars: | 2024-11-22 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

I'm not interested in Mars," Gwynne Shotwell, the SpaceX president and COO told Baron Capital founder Ron Baron at his firm's annual investment conference last week. "I don't like camping, and I think it will be a long time before Mars is nice enough — probably not in my lifetime." Nevertheless, like her boss, Shotwell's visions for SpaceX remain stratospheric: accessible space travel for all, global proliferation for satellite internet, and yes, eventually, interplanetary travel and living. SpaceX, unlike Tesla, is not traded as a public stock, and is therefore not required to post financial results. But Baron assured his investors — who can own SpaceX exposure through some of the firm's mutual funds — it has been a profitable play.

Persons: Gwynne Shotwell, Elon Musk, Elon, I'm, Ron Baron, Baron, —, Shotwell Organizations: Space Exploration Technologies Corp, SpaceX, NASA, Program, CCP, Mars, Baron Capital Locations: Hawthorne , California, U.S, —

☆ Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +8 min

Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.

Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, “, Kim Jong, Nigel Gould, Davies, ”, Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington

☆ Tom Mueller worked for Elon Musk at SpaceX for almost 20 years: 'I learned never to tell him no'
▼ + stars: | 2023-09-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

"We watched like maybe one play, because we were so engaged in talking about building a launch vehicle," Mueller told Isaacson. Musk agreed, but Isaacson writes that this meant Musk considered "Mueller an employee, rather than a cofounder, of SpaceX." "You cannot ask for two years of salary in escrow and consider yourself a cofounder" Musk told Isaacson. Elon Musk with a SpaceX rocket in March 2004 in El Segundo, Los Angeles. "I am very proud of what we have achieved at SpaceX," Mueller told the University of Idaho in 2018.

Persons: Tom Mueller, Elon Musk, Mueller, Musk, Elon Musk's, Walter Isaacson, here's, Los Angeles Mueller, Isaacson, who'd, Chris Thompson, Musk Mueller, There's, Elon, Paul Harris, It's, Mueller's, Peter Thiel Organizations: SpaceX, Service, University of Idaho, TRW, Reaction Research Society, PayPal, Ebay, Super, Exploration Technologies Corporation, Merlin, Pathfinder Locations: Idaho, Wall, Silicon, Los Angeles, Canada, Saint Maries, El Segundo , Los Angeles

☆ Elon Musk's friends 'staged an intervention' when he said he wanted to start his own rocket company and made him watch videos of rockets exploding
▼ + stars: | 2023-09-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Elon Musk's friends held an intervention to stop him starting a rocket company, according to a new book. His college friend made him watch videos of rockets blowing up and warned him he'd lose his money. "When Musk decided he wanted to start his own rocket company, his friends did what true friends do in such a situation: they staged an intervention," journalist Walter Isaacson wrote in the book, titled "Elon Musk." "They made me watch a reel of rockets exploding, because they wanted to convince me that I would lose all my money," Musk told Isaacson. "I wanted to hold out hope that humans could be a space-faring civilization and be out there among the stars," he told Isaacson.

Persons: Elon, he'd, Musk, Elon Musk's, Walter Isaacson, Elon Musk, Isaacson, He's, Gwynne Shotwell Organizations: Service, University of Pennsylvania, PayPal, Mars Society, Lockheed, Boeing, Exploration Technologies, SpaceX, NASA Locations: Wall, Silicon, Los Angeles, United States, Russia, Mars

☆ Japan's Mitsubishi Heavy reschedules moon rocket launch for Thursday
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

The logo of Mitsubishi Heavy Industries is seen at the company headquarters in Tokyo, Japan December 8, 2022. REUTERS/Kim Kyung-Hoon/file photo Acquire Licensing RightsTOKYO, Sept 4 (Reuters) - Japan's Mitsubishi Heavy Industries (7011.T) said on Monday it planned to launch its H-IIA rocket carrying a moon lander on Thursday morning, after unfavourable wind conditions led to a postponement last month. The new schedule was announced a week after the previous launch attempt, which would have carried Japan's first spacecraft to land on the moon, was suspended because of high winds. H-IIA, jointly developed by JAXA and MHI, has been Japan's flagship space launch vehicle, with 45 successful launches in 46 tries since 2001. After JAXA's new medium-lift H3 rocket failed on its debut in March, the agency postponed the launch of H-IIA No.

Persons: Kim Kyung, JST, Rocky Swift, Mariko Katsumura, Christian Schmollinger, Gerry Doyle Organizations: Mitsubishi Heavy Industries, REUTERS, Rights, Japan Aerospace Exploration, JAXA, Yomiuri, Thomson Locations: Tokyo, Japan

Export control laws restrict companies from sharing sensitive information and technology with certain individuals from other countries. Rebecca Bernhard, a Minneapolis-based labor lawyer who represents companies, said employers subject to export control laws often ignore the ban on citizenship-based bias in the federal Immigration and Nationality Act (INA), exposing them to legal action. Out of more than 10,000 hires, SpaceX only hired one asylee during that period, according to the lawsuit. The DOJ did not directly cite its guidance in the SpaceX lawsuit, but used nearly identical language to describe the company's alleged violations. "Export control laws and regulations do not prohibit or restrict employers from hiring asylees and refugees; those laws treat asylees and refugees just like U.S. citizens," the department said.

Persons: Dado Ruvic, Elon Musk, Rebecca Bernhard, Bernhard, aslyees, Musk, asylees, Daniel Wiessner, Amy Stevens, Deepa Babington Organizations: SpaceX, Elon, REUTERS, Space Exploration Technologies, U.S . Department of Justice, DOJ, General Motors Co, Immigration, INA, Justice Department, Companies, Thomson Locations: Minneapolis, U.S, United States, Albany , New York

☆ DOJ sues SpaceX, alleging hiring discrimination against refugees and asylum seekers
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated against refugees and asylum seekers in its hiring practices. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. The DOJ has been investigating SpaceX since June 2020, when the department's Immigrant and Employee Rights Section received a complaint of employment discrimination from a non-U.S. citizen. Fabian Hutter, whose complaint about SpaceX led the DOJ to open its discrimination probe, did not immediately respond to a request for comment from CNBC.

Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, DOJ, Civil Rights Division, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada

☆ DOJ sues SpaceX alleging hiring discrimination against refugees and asylum recipients
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated in its hiring practices against refugees and people granted asylum in the U.S. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. Clarke added that the DOJ's investigation found "SpaceX recruiters and high-level officials took actions that actively discouraged asylees and refugees from seeking work opportunities at the company." That lone hire came about four months after the DOJ notified SpaceX of its investigation. Read the DOJ's lawsuit below:

Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, U.S, DOJ, Civil Rights Division, Immigration, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada

☆ 14 big moments in the history of Elon Musk's SpaceX — from nearly going bankrupt in 2008 to the fiery Starship explosion
▼ + stars: | 2023-04-23 | by ( Grace Kay | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

Elon Musk was inspired to start building his own rockets in 2001 after a Russian rocket designer spat on his shoes. Elon Musk at his desk in 2004. At the time, Musk was visiting Russia in order to negotiate a deal to buy space rockets for a future mission to Mars. SpaceX cofounder Jim Cantrell also recalled the incident in a Channel 4 documentary that aired in May and in a biography on Musk by Ashlee Vance, "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future." Sources: Insider, "Escaping Gravity: My Quest to Transform NASA and Launch a New Space Age," "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."

[1/2] The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Many teem with lithium, calcium and other minerals, and DLE technologies aim to separate out the lithium and leave the rest. LITHIUM METAL FROM BRINEEnergyX has said its technology can make lithium metal directly from brine, a tantalizing prospect for GM that could let the automaker bypass lithium refining, which is widely seen as a key supply chain bottleneck. The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas Corp (LAC.TO), which is developing the Thacker Pass clay lithium project in Nevada. "This GM investment will completely change the trajectory of EnergyX," said Teague Egan, the startup company's founder and chief executive.

☆ SpaceX history: 13 of the biggest moments for Elon Musk's 20-year-old company
▼ + stars: | 2022-12-27 | by ( Grace Kay | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +1 min

☆ SpaceX Launches Falcon Heavy Rocket on Classified Space Force Mission
▼ + stars: | 2022-11-01 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

SpaceX launched its largest rocket for the first time in three years, carrying toward orbit a classified payload for the U.S. Space Force. The Falcon Heavy rocket, which SpaceX has said is the world’s largest operational space launch vehicle, lifted off Tuesday from a fog-shrouded Kennedy Space Center in Florida. The mission is the 50th launch this year by Space Exploration Technologies Corp., the formal name for the company led by founder Elon Musk.

It isn’t clear yet who will succeed Mr. Segal as CFO. Twitter and Mr. Musk on Friday didn’t respond to requests for comment. Mr. Segal on Friday tweeted that “the work isn’t complete,” referring to Twitter’s ambition to build “the world’s townsquare.” Mr. Segal didn’t respond to a request for additional comment. Mr. Musk has said buying Twitter would accelerate his creation of an app that combines the capabilities of several apps in one. The future executives that Mr. Musk installs will have to share his vision for Twitter, Mr. Ives said, and prepare to support growth initiatives that will take years to build.

☆ Elon Musk's SpaceX partners with Philippine tycoon on satellite service
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

MANILA, Oct 27 (Reuters) - Billionaire Elon Musk's Space Exploration Technologies Corp (SpaceX) is expanding into the Philippines by offering satellite broadband service to businesses and the government, his local partner said on Thursday. Data Lake Inc, a Philippine-based firm partly owned by tycoon Henry Sy Jr, said it signed a deal to be the first partner of SpaceX's Starlink in Southeast Asia. "The Philippines is an archipelago, and connecting our country to the wider world often requires extensive infrastructure," Data Lake Chairman Anthony Almeda said in a statement. The Philippines is made up of more than 7,600 islands, many of them isolated and with mountainous terrain, making broadband coverage difficult for companies. Around 20 tropical storms also typically hit the country every year, often damaging infrastructure and cutting communication links between islands and provinces.

☆ Elon Musk’s SpaceX, Pentagon to Deepen Ties Despite Dispute on Starlink Funding in Ukraine
▼ + stars: | 2022-10-20 | by ( Micah Maidenberg | ) www.wsj.com time to read: 1 min

The Pentagon is set to expand its use of Elon Musk’s SpaceX satellite capabilities despite a recent dispute between the two sides over the funding of satellite-based internet services for an embattled Ukraine, according to government documents. Space Exploration Technologies Corp., the formal name for the company that Mr. Musk founded more than two decades ago, is already a major Pentagon contractor, handling sensitive national-security launches on its rockets. Those ties are set to grow into satellite services where SpaceX’s Starlink division is a dominant player in key regions, the documents said.

☆ Elon Musk Says SpaceX Can’t Fund Ukraine Starlink Service ‘Indefinitely’
▼ + stars: | 2022-10-14 | by ( Matthew Luxmoore | ) www.wsj.com time to read: 1 min

KYIV, UKRAINE—Elon Musk said the cost of maintaining Starlink terminals in Ukraine is approaching $20 million a month and SpaceX can’t fund the service indefinitely. The Starlink terminals, produced by Mr. Musk’s Space Exploration Technologies Corp., or SpaceX, have played a crucial role in maintaining Ukraine’s communications during the war with Russia. The terminals are deployed on hundreds of Ukrainian military outposts around the front lines, allowing commanders to call in artillery strikes and to coordinate operations in areas where mobile-phone services are disabled or jammed by Russia.

☆ Elon Musk Says SpaceX Can’t Fund Starlink Internet Service in Ukraine ‘Indefinitely’
▼ + stars: | 2022-10-14 | by ( Matthew Luxmoore | ) www.wsj.com time to read: 1 min

KYIV, Ukraine—Elon Musk said the cost of maintaining Starlink terminals in Ukraine is approaching $20 million a month and SpaceX can’t fund the internet service indefinitely on its own.. The Pentagon said Friday that it had received a letter from Mr. Musk’s Space Exploration Technologies Corp., or SpaceX, “about the funding of Starlink,” but declined to provide further details.

☆ Elon Musk Proposes Starlink Access in Iran as Protests Spread
▼ + stars: | 2022-09-20 | by ( Sam Schechner | ) www.wsj.com time to read: 1 min

A demonstration in Tehran on Monday. Protests spread across Iran after the death of a young woman in police custody. Elon Musk said his satellite-internet system Starlink would seek an exception to sanctions to make its service available in Iran, an apparent attempt to boost access to outside information in the country as protests spread. Mr. Musk, founder of Space Exploration Technologies Corp., known as SpaceX, made the proposal on Twitter in response to a request from Erfan Kasraie, who describes himself as a Persian-language journalist and doctoral researcher. Mr. Kasraie tweeted that such access would be “a game changer for the future.”

☆ Former NASA official says a Russian designer famously inspired Elon Musk to launch SpaceX by spitting on his shoes
▼ + stars: | 2022-06-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Former NASA Deputy Administrator Lori Garver details how Elon Musk first started SpaceX in a new book. Musk decided to launch the company after he was disrespected by several Russians, per reports. The SpaceX CEO famously decided to launch his own space venture after he was spat on by a Russian engineer in 2001. Garver commented on the incident in "Escaping Gravity: My Quest to Transform NASA and Launch a New Space Age," published June 21. The Co-Founder described the situation similarly in a biography on Musk by Ashlee Vance, "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."

☆ Musk, tot mai aproape să devină cel mai bogat om din lume, devansându-l pe Bezos. La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Elon Musk este tot mai aproape să devină cel mai bogat om din lume, după ce o creștere cu 2,8% a prețului acțiunilor producătorului de vehicule electrice a adus averea lui Musk la 3 miliarde de dolari distanță de cea a fondatorului Amazon, Jeff Bezos. Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari.

Persons: Jeff, Tesla, Zhong Shanshan, Warren Buffett Organizations: Amazon, Space Exploration Technologies, Mediafax Locations: Elon, Africa de Sud, Musk

☆ Elon Musk va deveni cel mai bogat om din lume, devansându-l pe Jeff Bezos; La cât a ajuns averea sa
▼ + stars: | 2021-01-07 | by ( ) www.jurnal.md time to read: +1 min

Creatorul Tesla Inc și SpaceX a crescut fulminant în ultimul an, cu peste 150 de miliarde de dolari. Averea inginerului născut în Africa de Sud a ajuns miercuri de 181,1 miliarde de dolari. Cei mai bogați 500 de oameni din lume au adăugat anul trecut o valoare record de 1,8 trilioane de dolari la averea lor combinată, o creștere de 31%. Câștigurile au fost disproporționat la vârf, unde cinci persoane dețin averi care depășesc 100 de miliarde de dolari și alte 20 au cel puțin 50 de miliarde de dolari. Zhong Shanshan l-a depășit pe Warren Buffett pentru a revendica al șaselea loc după ce acțiunile companiei sale de apă îmbuteliată au crescut, adăugând 15,2 miliarde de dolari la averea sa.

Persons: Tesla, Zhong Shanshan, Warren Buffett Organizations: Space Exploration Technologies, Mediafax Locations: Africa de Sud, Musk

☆ Couple paid $100 for abandoned car they found in a storage unit—Elon Musk bought it from them for nearly $1 million
▼ + stars: | 2019-12-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Photographer: Bronte Wittpenn/Bloomberg via Getty ImagesIn 1989, a couple from Long Island, New York paid roughly $100 for an unclaimed storage unit. Actors Barbara Bach and Roger Moore, stars of the James Bond film "The Spy Who Loved Me," sit on the 1976 Lotus Esprit. But after they loaded the car onto a truck and set off for home, truckers contacted them via CB radio to let them know they were hauling a James Bond car, according to Redenius. National Motor Museum | Heritage Images | Getty ImagesMusk said he'd grown up watching the Bond movie. The 1976 Lotus Esprit, known as "Wet Nellie," that was used in the James Bond film "The Spy Who Loved Me."

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