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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,
SpaceX President and Chief Operation Officer Gwynne Shotwell speaks during the NASA Commercial Crew Program (CCP) astronaut visit at the SpaceX headquarters in Hawthorne, California, U.S., on Monday, Aug. 13, 2018. … It keeps us tight; it keeps us very focused," SpaceX President and COO Gwynne Shotwell said, speaking at the 2024 Baron Investment Conference in New York. The next closest U.S. rocket company, Rocket Lab , has launched to orbit 12 times this year, with others in the single digits. And SpaceX's Starlink satellite internet network is now serving almost 5 million customers, Shotwell said. With nearly 7,000 Starlink satellites in orbit, SpaceX has expanded Starlink's product offerings from consumers into enterprise markets such as aviation and maritime.
Persons: Gwynne Shotwell, SpaceX's, Shotwell, Starlink Organizations: SpaceX, NASA, Program, CCP, Elon, Baron Investment Conference, Rocket, Department of Defense, U.S, International Locations: Hawthorne , California, U.S, New York
Brazil's supreme court announced Friday that it ordered banks to transfer funds from Starlink and X accounts to pay fines the court levied against Elon Musk's social network. Following the transfers, the court ordered that the frozen bank accounts and assets of X and Starlink be released, saying there was no longer any need to keep them. The court suspended X at the end of August, and the suspension remains in place. On Sept. 5, his long-time collaborator at the helm of SpaceX, COO Gwynne Shotwell, also took shots at the Brazil supreme court online. Backers of de Moraes and the STF have seen the orders against X Corp. as an assertion of Brazilian sovereignty.
Persons: Elon Musk, Brazil's, Alexandre de Moraes, X, Musk, Starlink, de Moraes, UOL, Jair Bolsonaro, Bolsonaro, Brazil's Jan, Gwynne Shotwell, Alexandre Organizations: Tesla Inc, Elon, SpaceX, X Corp, Twitter Locations: Washington , DC, Starlink, Brazil
This story is available exclusively to Business Insider subscribers. AdvertisementThe difficulties are reportedly creating tensions between Musk and X CEO Linda Yaccarino. Randall Peterson, a professor of organizational behavior at London Business School, told Business Insider that any company struggling like X would suffer leadership tensions. Leadership shake-upAmid the increasing financial pressure, Musk and Yaccarino have also been shaking up the company's leadership. X did not respond to a request for comment from Business Insider.
Persons: , Musk, Linda Yaccarino, Randall Peterson, she's, Yaccarino, Jerod Harris, Mark Read, Steve Davis, Davis, Joe Benarroch, Nick Pickles, Matt Navarra, it's, Navarra, Gwynne Shotwell, Amanda Edwards, Peterson Organizations: Service, Elon Musk's, Twitter, Business, YouTube, London Business School, Times, Microsoft, Cannes Lions, WPP, Brit, Social, SpaceX, Investors
It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .
Persons: , Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London
New York CNN —SpaceX and CEO Elon Musk were sued on Wednesday by former employees who claim they were illegally fired for raising concerns about gender discrimination and sexual harassment at the rocket company. The eight former employees were involved in writing a 2022 open letter criticizing Musk and urging SpaceX executives to make the firm’s culture more inclusive. Following the letter’s release, the eight employees were fired. Wednesday’s complaint alleges that “Musk personally ordered the Plaintiff’s terminations.”SpaceX did not immediately respond to a request for comment on the lawsuit. (Musk has denied the harassment claims.)
Persons: Elon Musk, Musk, Twitter —, “ Musk, Gwynne Shotwell, Tom Moline, , , , “ I’ve Organizations: New, New York CNN, SpaceX, Twitter, New York Times, National Labor Relations Board, CNN, MIT, Business Locations: New York, California, Texas
Vincent Peters worked in military compliance when he was poached to work at SpaceX. So I graduated on medical leave, couldn't be deployed, and continued on medical leave for another six months before being discharged. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.
Persons: Vincent Peters, , couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: SpaceX, Service, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon
This is an as-told-to essay based on a transcribed conversation with Vincent Peters, founder of Inheritance AI and former SpaceX employee discussing his career path and experience at SpaceX. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. What it's like working at SpaceXSpaceX is the most efficient company I've ever worked for. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.
Persons: Vincent Peters, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: Service, SpaceX, Business, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon
Whether he's playing the handsome leading man in a rom-com or an intensely focused franchise star, Pine has the uncanny ability to adapt into the movie star that's needed at any particular moment. I learned more from that set about what it means to be a movie star than probably anything else. On turning down 'Wonder Woman' twice before director Patty Jenkins convinced him by bringing up 'Casablanca'"Wonder Woman." Warner Bros. PicturesBy the time you did the "Wonder Woman" franchise, you had done your fair share of blockbusters. Even think of "Wonder Woman 1984" — that's a blockbuster movie that is a hero's journey not about revenge.
Persons: Chris Pine, he's, Don Mattingly, Annette Bening, Danny DeVito, Gwynne Gilford, Robert Pine, Sergeant Getraer, Jack, Pine, Anne Hathaway, David Caruso, it's, Kirk —, Kirk, William Shatner, Karl Urban, McCoy, Karl, Spock, Zach, Quinto, Leonard, Nimoy, Abrams, Shatner, Denzel, Denzel Washington, Tony Scott, Mark Bomback, I'm, you'd, Ben Foster, Taylor, Sheridan, David, Mackenzie, Jeff Bridges, Jeff, Ben, hadn't, Patty Jenkins, Patty, Steve Organizations: Business, Yankee, Washington, Walt Disney Pictures, CSI, Paramount Pictures, Denzel Washington, Denzel, Denzel Washington —, CBS, Warner Bros ., gonzo Locations: cardigan, Pine, Coast, heartthrob, Miami, Casablanca
SpaceX says it plans to sell satellite laser links commercially
  + stars: | 2024-03-19 | by ( ) www.cnbc.com   time to read: +1 min
SpaceX President and Chief Operating Officer Gwynne Shotwell introduces the first four NASA astronauts assigned to fly on board the Crew Dragon SpaceX spacecraft at SpaceX headquarters in Hawthorne, California, U.S. August 13, 2018. SpaceX has started selling satellite lasers, which are used for speedy in-space communications, to other satellite firms, company President Gwynne Shotwell said at a conference on Tuesday. Shotwell, speaking on a panel at the Satellite industry conference in Washington, said SpaceX as a supplier will sell that technology to other companies. Space companies have opted to sell spacecraft components to diversify revenue and shore up cash to fund bigger capital-intensive projects. "We generally don't sell components, so this is a little bit of a new thing for us," Shotwell told Reuters after the panel discussion.
Persons: Gwynne Shotwell, Shotwell Organizations: SpaceX, NASA, Satellite, Polaris, Reuters Locations: Hawthorne , California, U.S, SpaceX's, Washington
House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The congressmen also announced a probe of SpaceX by the Democratic House Committee into the company's safeguards and procedures for preventing illegal exports and use of its Starlink equipment and services. The Washington Post first reported on the probe and March 6 letter to SpaceX president and chief operating officer Gwynne Shotwell. In a statement on Thursday, the congressmen wrote, "Russia's use of Starlink satellite terminals would be in contravention of U.S. export controls that prohibit Russia from acquiring and utilizing U.S.-produced technology." The new probe by House Democrats follows news on Wednesday that a man in New Jersey was arrested on charges of allegedly trafficking 675 SpaceX Starlink terminals which were purchased with stolen credit card accounts or hacked Starlink billing accounts.
Persons: Robert Garcia, Jamie Raskin, Gwynne Shotwell, Elon Musk, Musk, Starlink, Walter Isaacson, , Volodymyr Zelenskyy, GUR, Mike Gallagher, Gallagher Organizations: SpaceX, Democratic, Committee, Washington Post, Netflix, Directorate of Intelligence, Russian, Democrats, House, Department of Defense, CNBC, House Democrats, Police Locations: Ukraine, Warsaw, Poland, Russia, Crimea, Russian, Kyiv's, Ukrainian, Donetsk, House China, Taiwan, Starlink, New Jersey
SpaceX's COO told employees to "focus on your job" when they raised workplace concerns in 2022. AdvertisementAdvertisementSpaceX COO Gwynne Shotwell told employees in a 2022 email to "focus on your job and the mission of SpaceX — to get humanity to Mars as quickly as possible," after they raised workplace complaints in an open letter, Reuters reported. Shotwell's email was in response to an open letter written by SpaceX employees that criticized the company's dismissive attitude toward employee concerns and inconsistent enforcement of discipline policies, per the report. Nine employees were fired for raising complaints in the letter — and eight of those have since filed unfair labor practice complaints with the National Labor Relations Board. SpaceX's mission "to go to Mars as fast as possible and save humanity permeates every part of the company," Tom Moline, a former SpaceX engineer who was fired after he made workplace complaints, told Reuters.
Persons: Elon, , Gwynne Shotwell, Tom Moline Organizations: Reuters, Service, SpaceX, National Labor Relations Board Locations: Brownsville , Texas, Hawthorne , California, McGregor , Texas, Brownsville
At SpaceX, worker injuries soar in Elon Musk’s rush to Mars
  + stars: | 2023-11-10 | by ( ) www.reuters.com   time to read: +35 min
Through interviews and government records, the news organization documented at least 600 injuries of SpaceX workers since 2014. The more than 600 SpaceX injuries Reuters documented represent only a portion of the total case count, a figure that is not publicly available. SpaceX injury data reporting failures SpaceX facilities failed to submit injury data annually, as required by regulators, for most years since 2016. Workers welded rocket parts up to 12 hours a day, six days a week, often in temperatures over 100 degrees Fahrenheit, the SpaceX workers said. The accident occurred when he and other SpaceX employees were being transferred between two vessels.
Persons: Lonnie LeBlanc, LeBlanc, LeBlanc’s, hasn’t, Musk, , Tom Moline, Francisco Cabada, Cabada’s, Elon Musk, Ydy Cabada, Kennedy didn’t, Kennedy, , Jordan Barab, Travis Carson, Carson, entrepreneurism, Jeff Bezos, Chris Cunnington, Phillip Fruge, ” Fruge, ” Carson, Elon, Carson “, Florentino Rios, Rios, Rios inched, Richard Hinojosa, ” Rios, Cabada, Ydy, SpaceX hasn’t, Michael Sanchez, ” Sanchez, Francisco’s, Evelyn Cabada, ” Barab, Boring, Paige Holland, Musk’s, Moline, Gwynne Shotwell, ” Shotwell, Shotwell, CalOSHA, Ann Rosenthal, Steven Trollinger’s, Trollinger, , Chris Weimer, Ron Weimer Organizations: Elon, SpaceX, U.S . Marine Corps, U.S . Occupational Safety, Health Administration, OSHA, Musk’s, V2, Reuters, Regulators, Kennedy Space Center, U.S . National Aeronautics and Space Administration, NASA, ” Reuters, California OSHA, CalOSHA, , Workers, Boeing, Cabada, Boring Company, National Labor Relations Board, billionaire’s, Federal Locations: McGregor , Texas, LeBlanc, amputations, Hawthorne , California, Brownsville , Texas, Redmond , Washington, Florida, Cape Canaveral, California, Brownsville, Texas, Mexico, Moline, Carson, American, SpaceX’s Brownsville, Rios, Hawthorne, Los Angeles, , ” Holland, Thielen, Holland, Federal, After Texas
SpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow." Two years ago, Musk emphasized that making Starlink "financially viable" required crossing "through a deep chasm of negative cash flow." Musk has discussed spinning off Starlink to take it public through an initial public offering once the business was "in a smooth sailing situation." Last year, Musk told employees that taking the business public wasn't likely until 2025 or later. "Being public is definitely an invitation to pain," Musk told SpaceX employees in 2022.
Persons: Elon Musk, Musk, Gwynne Shotwell, Starlink Organizations: SpaceX, Twitter Locations: Bastrop , Texas, Austin
COLUMBUS, Ohio (AP) — The Ohio Supreme Court has upheld a 65-year prison term imposed on a central Ohio woman who pleaded guilty to stealing jewelry and other valuables from several dozen elderly residents at nursing homes and assisted living facilities. The trial court imposed consecutive sentences, saying "no single prison term" would be adequate given the serious offenses. Political Cartoons View All 1223 ImagesThe high court reversed that decision in 2019 and told the appeals court to reconsider. The state Supreme Court voted 4-3 in December to send the case back for reconsideration again. But in January — after control of the high court shifted parties — it voted 4-3 to reconsider its own decision.
Persons: Susan Gwynne, Gwynne Organizations: Columbus Dispatch, Ohio Reformatory, Women Locations: COLUMBUS , Ohio, Ohio, Delaware County, Franklin County, Fifth, Marysville
AdvertisementAdvertisementElon Musk is expecting SpaceX's Starship mega-rocket to take to the skies again, months after the ship blew up on its first-ever attempt to reach orbit. SpaceX's Starship stacked atop its Super Heavy booster near Brownsville, Texas. Originally teased under the name Mars Colonial Transporter, Starship's first rocket design was called "Interplanetary Space Transporter" as SpaceX realized its ambitions went beyond transport to Mars. 2019: Starhopper reaches 492 ft in flightSpaceX's Mars Starship prototype "Starhopper" hovers over its launchpad during a test flight in Boca Chica Trevor Mahlmann/ReutersThe first Starship prototype wasn't really a Starship at all. The first full-fledged Starship prototype to really catch some air was called Starship serial no.
Persons: Elon Musk, , Musk, Gwynne Shotwell, BFR, Boca Chica Trevor Mahlmann, Twitter Musk, SN15, Starship's, Ashlee Vance Organizations: Elon, SpaceX, Service, Mars, Reuters, Super, Boca Chica, Raptor, Twitter, Mk1, Popular Mechanics, ambitiously, Engineers Locations: Brownsville , Texas, Starhopper, Boca Chica , Texas
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
SpaceX president Gwynne Shotwell was upset when Elon Musk kept financing Starlink in Ukraine, per a new book. Musk had reportedly told the Pentagon Starlink equipment could no longer be sent to Ukraine for free. SpaceX had spent millions of dollars sending Starlink terminals to Ukraine, Musk told Isaacson. In June, Bloomberg reported that SpaceX had won a deal with the Pentagon for it to pay for the satellite service in Ukraine. "Starlink was not meant to be involved in wars," Isaacson said Musk told him.
Persons: Gwynne Shotwell, Elon Musk, Musk, Walter Isaacson, Shotwell, Isaacson, Elon, Shotwell's, Starlink, we'll, Mykhailo Fedorov, " Isaacson, Ian Bremmer, Ronan Farrow, Farrow, Vladimir Putin, Putin Organizations: Pentagon, Service, SpaceX, US Department of Defense, CNN, Department of Defense, Bloomberg, Russia, Ukraine —, Netflix, New York Magazine Locations: Ukraine, Wall, Silicon, Russian, Ukrainian, Russia, Crimea, Starlink, New
But the episode reveals the unique position Musk found himself in as the war in Ukraine unfolded. Even as cellular phone and internet networks had been destroyed, the Starlink terminals allowed Ukraine to fight and stay connected. But once Ukraine began to use Starlink terminals for offensive attacks against Russia, Musk started to second-guess that decision. “How am I in this war?” Musk asks Isaacson. SpaceX had spent tens of millions of its own money sending the satellite equipment to Ukraine, according to Musk.
Persons: CNN — Elon Musk, Walter Isaacson’s, Elon Musk, ” Isaacson, Isaacson, Simon & Schuster, Musk, Steve Jobs, Albert Einstein, “ Starlink, ” Musk, Joe Biden’s, Jake Sullivan, Mark Milley, Mykhailo Fedorov, , , ” Fedorov, Clodagh Kilcoyne, Ukraine “, , tweeting, ” Gwynne Shotwell, Shotwell, Elon Organizations: CNN, Russian, SpaceX, Netflix, Reuters, Pentagon, US Locations: Crimean, Ukrainian, Russian, Russia, Crimea, Ukraine, Washington, Moscow
Elon Musk reportedly blocked Ukraine from using Starlink for an attack on Russia's Black Sea Fleet. SpaceX has admitted to limiting Ukraine's use of Starlink satellites for offensive military operations. But according to journalist Walter Isaacson, author of an upcoming biography on the SpaceX founder, the militarization of Starlink has made Musk deeply uncomfortable. AdvertisementAdvertisementIt has previously been reported — and admitted by SpaceX leadership — that steps have been taken to prevent Ukraine from using the Starlink system for certain attacks. AdvertisementAdvertisementThe system was "never meant to be weaponized," Shotwell said earlier this year, citing Ukraine's use of Starlink for drone reconnaissance and attacks.
Persons: Elon Musk, Walter Isaacson, Starlink, Musk, Isaacson, , Ian Bremmer, Gwynne Shotwell, Shotwell, cdavis@insider.com Organizations: Fleet, SpaceX, Service, CNN, Netflix, New York Times Locations: Ukraine, Wall, Silicon, Ukrainian, Russia, Crimea, Sevastopol, Russian
Linda Yaccarino is tasked with fixing a product that Elon Musk seems to have intentionally broken. Linda Yaccarino had been on the job for only about a month when Musk dropped the weekend X bomb. Some X employees said they see Yaccarino as a CEO in name only. "She was clearly on message with talking points that built a case for reappraisal," said a longtime ad industry executive. "Linda says nothing"Yaccarino has also struggled to rally X employees in other ways.
Persons: Linda Yaccarino, Elon Musk, adieu, Musk, Yaccarino, Rebecca Blackwell, She's, Elon, Matt Navarra, Gwynne Shotwell, Dia Dipasupil, hadn't, Navarra, she's, Linda Yaccarino Isaac Brekken, execs, Adolf Hitler, Linda, they've, he's Organizations: Employees, AP, Twitter, SpaceX, X, Penske Media, Getty, General Motors, CNBC, X's New, PGA Tour, San, YouTube, Facebook Locations: San Francisco , New York, LA, Miami Beach, Fla, New York City, X's New York, New York, San Francisco
Kathy Leuders, formerly NASA associate administrator of the Space Operations Mission Directorate, before speaking to press on May 30 following SpaceX's launch of the Demo-2 mission. Kathy Lueders, the most recent top human spaceflight official at NASA, has joined Elon Musk's SpaceX after retiring from the agency a couple weeks ago, CNBC has learned. Lueders will work out of the company's "Starbase" facility in Texas and report directly to SpaceX president and COO Gwynne Shotwell as general manager, people familiar with the matter told CNBC. It's a key hire for SpaceX as the company aims to make its massive Starship rocket safe to fly people in the coming years. Lueders, a respected expert in the sector, is already familiar with the company's human spaceflight work to date.
New York CNN —Elon Musk on Friday named longtime media executive Linda Yaccarino as the new CEO of Twitter, months after he promised to step back from the role. “I am excited to welcome Linda Yaccarino as the new CEO of Twitter!” Musk wrote in a tweet on Friday. NBCUniversal’s ad sales team has generated $100 billion in ad sales since she joined in 2011, according to her profile, and forged partnerships with many new media companies including Twitter as well as Apple News, Buzzfeed, Snapchat and YouTube. Ad sales represented more than 90% of the company’s revenue before Musk purchased it in October. Musk has previously spoken about improving ad sales by focusing more on the relevance of its ads.
But if you find one signed by Apple co-founder Steve Jobs, it might be worth extra cash. RR Auction, a Boston-based organization that sources and sells historical autographs, manuscripts and artifacts, is auctioning off a $175 check signed by Steve Jobs in July 1976. The check is expected to fetch $25,000," over 142 times its original worth, according to the company's press release. In 1974, Jobs left his role as a video game designer and reconnected with Steve Wozniak, a former high school friend. When Jobs was kicked out of Apple in 1985, he started a rival computer company called NeXT.
Starship is SpaceX's next-generation rocket crucial for the company's commercial launch business and Musk's aim to start human colonies on Mars. The U.S. offers few such options and export controls would make building a foreign launch site difficult. SpaceX has eyed another Kennedy Space Center launch site for future Starship launches, LC-49, a few miles from LC-39A. But that location is in the midst of a lengthy environmental review that could take years. Plans for that orbital launch site, Spaceport Camden, were nixed by a local referendum after a lawsuit raised concerns about its environmental impact.
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