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☆ What McKinsey says will separate the winners and the losers of Wall Street's AI race
▼ + stars: | 2024-12-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

McKinsey helps banks and financial institutions with their generative AI efforts. AdvertisementThe bill is coming due for Wall Street banks' AI investments. It's been two years since generative AI captured the attention and dollars of bank leaders. They amassed teams of technologists to experiment with generative AI and run proofs of concepts. Because of that, he said business leaders should bear the brunt of the accountability, rather than that responsibility falling solely on tech leaders' shoulders.

Persons: McKinsey's Larry Lerner, It's, Larry Lerner, Lerner, he's, Reusability Organizations: McKinsey, Business

☆ KPMG's AI chief explains how to make AI work for your business
▼ + stars: | 2024-12-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

AdvertisementKPMG's head of AI, David Rowlands, is helping the firm transform for an AI future. Everyone has access to a form of GPT and roughly a fifth of the global workforce have Copilot licenses, David Rowlands, KPMG's global head of AI, told Business Insider. AdvertisementBI spoke with Rowlands about KPMG's own adoption journey and how the firm advises businesses as they deepen their use of AI. David Rowlands was appointed as KPMG's head of AI in December 2023. Data will differentiate your businessHow to approach data is another barrier for clients in their AI journey, Rowlands said.

Persons: David Rowlands, KPMG's, Rowlands, it's, we're, hasn't, Rowlands doesn't Organizations: Business, KPMG, Microsoft, Google Locations: COOs, CFOs

☆ Morgan Stanley lets employees pitch AI uses. Here's how the firm puts those ideas into practice.
▼ + stars: | 2024-11-20 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

McMillan encourages employees to pitch new AI solutions. AdvertisementAs part of his role, McMillan co-chairs an AI steering group formalized earlier this year, with Global Director of Research Katy Huberty. Related storiesInside the 8-step processAlthough pitching AI solutions is open to anyone at the firm, there is some leg work involved. AdvertisementThe AI steering group meets every other week to listen to the pitches, usually going through five or six proposals. Every other week, the AI steering committee meets to review the status of these projects.

Persons: Jeff McMillan, Morgan Stanley's, Morgan Stanley, McMillan, who's, he's, Research Katy Huberty, AskResearch, you've Organizations: ChatGPT, Global, Research, Workers

☆ SpaceX launched Starship for the sixth time but canceled the highly-anticipated 'chopsticks' maneuver minutes after lift-off
▼ + stars: | 2024-11-19 | by ( Morgan Mcfall-Johnsen | Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

SpaceX didn't attempt to catch the Super Heavy booster by a pair of "chopsticks" mid-air as planned. SpaceX launched its Starship mega-rocket for the sixth time on Tuesday, but the main event was canceled. In October, SpaceX caught its Super Heavy booster in mid-air. SpaceXElon Musk, SpaceX founder and CEO, has said his plans of building a Mars city rests on Starship. For this test launch, Starship splashed down in the Indian Ocean as expected about an hour and five minutes after launch.

Persons: Elon Musk's, SpaceX Elon, SpaceX SpaceX's, SpaceX's, Donald Trump, Trump, Elon Musk Organizations: SpaceX, Super, Mars, SpaceX Elon Musk, SpaceX SpaceX, Falcon, Star, New York Times, Truth, Great Patriots Locations: Gulf, Mexico, Gulf of Mexico

☆ Early SpaceX workers got stuck overnight on an ocean barge with a toxic spaceship, new book reports
▼ + stars: | 2024-10-31 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

SpaceX workers got stuck on a barge with a spaceship full of toxic fuel in 2010, a new book reports. After the Dragon spaceship's first flight, a SpaceX crew retrieved it from the ocean. A Dragon spaceship approaches the International Space Station with astronauts on board in 2021. That's why SpaceX workers immediately checked for leaks, according to the book. The Dragon spaceship went on to become a staple of NASA's programming, transporting supplies and astronaut crews to and from the International Space Station.

Persons: —, Eric Berger, Elon Musk, Berger, Musk, Kevin Mock, Keegan Barber, Mock, Roger Carlson, Berger's, It's Organizations: SpaceX, Service, NASA, Ars Technica, International, International Space

☆ Rocket builder Firefly’s new CEO is working ‘maniacally’ to scale launches, spacecraft and moon missions
▼ + stars: | 2024-10-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.

Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas

☆ Life discovered in warm volcanic caves beneath the seafloor
▼ + stars: | 2024-10-19 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —A mile and a half beneath the ocean’s surface, the seafloor seems nearly as alien as the surfaces of other planets. These hydrothermal vents belch warm towers of elements that draw clusters of animal life, such as tube worms. There, animals develop symbiotic relationships with bacteria that use chemical reactions to produce sugars necessary for life beyond the reach of sunlight. Mónika Naranjo-Shepherd/Schmidt Ocean InstitueThe arms of an underwater robot helped uncover communities of giant tube worms and snails living in volcanic caves beneath warm vents in the Pacific Ocean. The finding suggests unique ecosystems on the seafloor and within the subseafloor are connected, allowing life to thrive above and below the ocean bed.

Persons: Mónika Naranjo, Shepherd, ”, Sabine Gollner, you’ve, Artemis, Charlie Duke, Arthropleura, Ashley Strickland, Katie Hunt Organizations: CNN, Royal Netherlands Institute for Sea Research, Scientists, SpaceX, Boca, Massachusetts Institute of Technology, NASA, Clipper, Kennedy Space Center, Yale University, CNN Space, Science Locations: Boca Chica , Texas, centipedes, Europa, Florida

☆ Why yesterday's SpaceX launch was such a huge deal for space travel
▼ + stars: | 2024-10-14 | by ( Ellie Zolfagharifard | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

After liftoff, the Super Heavy booster returned to the launch in a world-first maneuver. The Super Heavy booster released Starship on its path toward space, then began to fall back to Earth. A huge step toward Musk's vision of colonizing MarsOn Sunday, SpaceX's Super Heavy booster returned home and was caught in midair with giant mechanical arms. SpaceX makes rocket historyIn past Starship test flights, the Super Heavy booster either exploded mid-flight or landed in the water. SpaceX said regulators were delaying Starship's fifth test launch because of minor changes and that the FAA was dragging its heels.

Persons: —, Elon Musk, Musk, I'd, Musk's, Olivier de Weck, It's Organizations: SpaceX, Super, Service, YouTube, Space Shuttle, astronautics, MIT, FAA, New York Times Locations: Texas

☆ SpaceX is about to attempt Starship's 5th flight test. Here's how to watch it live.
▼ + stars: | 2024-10-13 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

SpaceX is gearing up for Starship's fifth flight test on Sunday. The test follows a successful fourth attempt, with both the booster and upper stage landing in the ocean. The spacecraft's fifth flight test is set to take place on Sunday at around 8 a.m. Watch Starship's fifth flight test https://t.co/LVrCnTv797 — SpaceX (@SpaceX) October 12, 2024It follows a successful fourth flight test in June, which saw both the Super Heavy booster and the upper stage of the rocket land in the ocean after launch. The spacecraft underwent several major upgrades ahead of the flight test on Sunday, including a rework of its heat shield.

Persons: —, Elon Musk Organizations: SpaceX, Service, Super, International Space Station, NASA Locations: Gulf of Mexico, Florida

☆ This French aerospace company is trying to lure US SpaceX workers after Elon Musk said he would relocate the company from California to Texas — and it may be working
▼ + stars: | 2024-07-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Read previewA French aerospace company is trying to convince disgruntled American SpaceX employees to leave the US for Europe after billionaire Elon Musk announced he would relocate his rocket company from California to Texas. Stanislas Maximin, CEO of Latitude, jumped at the opportunity to poach any unhappy SpaceX employees suddenly staring down an interstate move. Maximin told CNBC that his LinkedIn post garnered some 200 messages and helped him increase his connections on the site by a third. "We have done it multiple times over," Maximin told CNBC of hiring foreigners. Musk has made the Lonestar State his home base in recent years, moving Tesla headquarters to Texas from California during the pandemic.

Persons: —, Elon Musk, Musk, Stanislas Maximin, Maximin, I'm, Lockheed Martin, Tesla Organizations: Service, SpaceX, Business, CNBC, Lockheed, LinkedIn, Lonestar State Locations: Europe, California, Texas

☆ Boeing Starliner, SpaceX Starship missions hit key spaceflight goals
▼ + stars: | 2024-06-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Chris O'Meara/APAfter lifting off Wednesday, Starliner and its first human crew set a course for the International Space Station. “We’re just happy as can be to be up in space,” Williams said. “One could be a warning sign — you’re in our backyard, you better behave yourself. The dinosaur-discovering family returns to the site in July 2023 for the excavation, including (clockwise from upper left) Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen and Jessin Fisher. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Chris O'Meara, Butch Wilmore, Suni Williams, We’re, ” Williams, —, ”, Philip Riris, ” Dino, Sam Fisher, Emalynn Fisher, Danielle Fisher, Liam Fisher, Kaiden Madsen, Jessin Fisher, Jessin, Liam, Genyornis newtoni, Jacob C, newtoni, George Frandsen, Ashley Strickland, Katie Hunt Organizations: CNN, SpaceX, eventual, Boeing, Atlas, Cape Canaveral Space Force, International Space, NASA, Bournemouth University, Denver Museum of Nature, Denver Museum of Nature & Science, — Engineers, NASA’s Hubble, CNN Space, Science Locations: Florida, Starliner, Venezuela, Colombia, England, Australia, Williams , Arizona

☆ See Elon Musk's Starship shredding apart as it descends to Earth, with a whole fin almost ripping off
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

However, the spacecraft was visibly falling apart on SpaceX's livestream as it screamed through Earth's atmosphere. Falling back to Earth is extremely intenseA screengrab from SpaceX's livestream shows the fin at the beginning of Starship's fall, before it shredded. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. The Super Heavy booster also practiced and successfully achieved its first soft water landing, after it separated from Starship on Thursday. SpaceX reaches a major new milestone with landing its Super Heavy booster in the Gulf of Mexico.

Persons: —, Elon Musk's, SpaceX's livestream, livestream, Musk Organizations: Service, Business, SpaceX Viewers, SpaceX, Starship, Super Locations: Elon, SpaceX's, Gulf of Mexico, Mars

☆ SpaceX’s Starship launches for a fourth time
▼ + stars: | 2024-06-06 | by ( Ashley Strickland | Jackie Wattles | ) edition.cnn.com time to read: +7 min

CNN —SpaceX’s Starship, the most powerful launch vehicle ever built has lifted off on its fourth flight test on Thursday. The flight test comes two days after the Federal Aviation Administration, which licenses commercial rocket launches, gave SpaceX its approval. “The fourth flight of Starship will aim to bring us closer to the rapidly reusable future on the horizon,” according to SpaceX. After the explosive first and second Starship test flights, the company immediately sought to frame these mishaps as successes. But both the Starship spacecraft and booster made it farther into flight than the two previous tests in 2023.

Persons: CNN — SpaceX’s, “, “ We’re, Chandan Khanna, Elon Musk, Topping, Artemis —, Artemis Organizations: CNN, SpaceX, Federal Aviation Administration, NASA’s, Program, Boeing, NASA, International Space, Super, Getty Locations: Boca Chica , Texas, Gulf, Mexico, United States, China

☆ Starship lands in the ocean with its engines firing for the first time, bringing Elon Musk one step closer to Mars
▼ + stars: | 2024-06-06 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

Super Heavy landed in the Gulf of Mexico minutes after lift-off. A screengrab from SpaceX's livestream of the June 6, 2024 launch shows Starship sitting atop its Super Heavy booster on the launchpad. One of the engines on SpaceX's Super Heavy booster was not lit during its fourth launch. SpaceX reaches a major new milestone by landing its Super Heavy booster in the Gulf of Mexico. SpaceXOn its next flight, SpaceX might attempt to catch the Super Heavy booster with giant "chopsticks" on its Texas launch tower.

Persons: —, Elon Musk's, Musk, Starship Organizations: Service, Super, Business, SpaceX, Starship, Starship's, of, NASA Locations: Gulf, Mexico, SpaceX's, Texas, Gulf of Mexico, Boca Chica , Texas

☆ Opinion: The problem with space junk – and how to solve it
▼ + stars: | 2024-05-09 | by ( Opinion Moriba Jah | ) edition.cnn.com time to read: +6 min

This incident serves as an example of the urgent need for a profound shift toward sustainable space practices. Proponents of a circular space economy advocate for a transformative departure from this wasteful paradigm. Much like embracing reusable materials on Earth, transitioning to a circular space economy means designing space systems with reuse, refurbishment and recyclability in mind. The European Space Agency (ESA) has emerged as a trailblazer in the pursuit of a circular space economy. By leading the charge toward sustainable space practices, NASA can inspire other space agencies and private companies to follow suit.

Persons: Moriba Jah, Otero, Moriba Jah Mark Thiessen, wasn’t, I’m, Artemis Organizations: MacArthur Fellowship, University of Texas, CNN, Space, European Space Agency, ESA, NASA, Space Shuttle, Twitter, Facebook Locations: Austin, Naples , Florida, Naples

☆ SpaceX is poised to make rocket launches 10 times cheaper with Starship, experts say
▼ + stars: | 2024-03-18 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

With its recent Starship mission, SpaceX is poised to cut launch costs 10-fold, said an expertThe firm flew its flagship mega-rocket to space without exploding on Thursday for the first time. AdvertisementSpaceX's Starship launch on Thursday didn't only look cool. SpaceX has already shaved launch costs downStarship-Super Heavy is the biggest launch system ever developed. AdvertisementA picture shows Starship fully stacked on its launchpad. "Lowering launch costs has always been the first step to unlocking broader, deeper sources of value from space," he said.

Persons: —, Elon, Brendan Rosseau, Abhi Tripathi, Elon Musk, Starship's, George Nield, Harvard's Rosseau, Tripathi Organizations: SpaceX, Service, Harvard Business School, Super, Mission, University of California, Space Sciences Laboratory, Space Shuttle, Space Transportation

☆ Video of SpaceX's Starship reentry shows the ultra-hot plasma plummet back to Earth like never before
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship captured a stunning video of its reentry as it fell back to Earth. It's the best and clearest video footage yet of a spacecraft enduring the fiery fall back to Earth. AdvertisementSpaceX's Starship captured a stunning video of its reentry into Earth's atmosphere as it finished its first successful flight through space on Thursday. SpaceX aired the footage live on its webcast on X, showing thick ultra-heated plasma lashing Starship and turning parts of the spacecraft red-hot. AdvertisementAn astronaut's view of what it looks like inside a spacecraft that's plummeting to Earth at breakneck speed.

Persons: SpaceX's, Starship's, —, to4UOF2Kpd — Elon, reentries, Jonathan McDowell, Kate Tice Organizations: Service, SpaceX, NASA, YouTube, Super

Sitting atop its stainless steel Super Heavy booster, Starship stood taller than the Statue of Liberty at the company's new orbital launchpad in South Texas. As the booster fell back to Earth, Starship continued to climb toward the heavens, then shut off its engines to glide through space. Once fully operational, Starship will be able to carry up to 150 metric tonnes (165 US tons) to space, per SpaceX. Illustration of SpaceX Starship human lander design that will carry NASA astronauts to the Moon's surface during the Artemis mission. NASA's new moon rocket, SLS, could send 46 tons into orbits beyond the moon.

Persons: —, Elon, Musk, Dan Huot, Marianne Ayala, Morgan Stanley, Artemis, Artemis III Organizations: Service, SpaceX, Business, SpaceX's, Texas launchpad, X, NASA, Super, Saturn, Morgan, SLS, SpaceX SLS, Apollo Locations: South Texas, Texas

☆ SpaceX Starship: What’s next for the most powerful rocket ever built
▼ + stars: | 2023-11-21 | by ( Jackie Wattles | ) edition.cnn.com time to read: +14 min

CNN —Mere moments after SpaceX’s Starship system — the most powerful rocket ever built — was lost in a test flight Saturday, a somewhat complicated narrative around the vehicle began to emerge. “What we did today will provide invaluable data to continue rapidly developing Starship,” SpaceX said Saturday in a statement. SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, on Saturday, November 18, 2023. The Starship spacecraft was then able to ignite its own engines and break away from the Super Heavy rocket booster to continue the mission. SpaceX's Starship rocket prototypes are seen at the SpaceX Starbase in Brownsville, Texas, on August 19, 2023.

Persons: CNN —, Artemis III —, Bill Nelson, SpaceX, —, Eric Gay, John Insprucker, Elon Musk, Jim Watson, Wayne Hale, they’ve, ” Hale, “, They’ve, ”, SpaceX’s, Christina Hammock Koch, Victor Glover, Reid Wiseman, Jeremy Hansen, Wiseman, Glover, Hammock Koch, Hansen, Artemis, Bill Ingalls, Hale, Jeff Bezos, Lakiesha Hawkins, ” Hawkins, NASA isn’t, Apollo Hale, Neil A, Armstrong, Michael Collins, Edwin E, Aldrin Jr, ” What’s, Veronica Cardenas, Reuters It’s Organizations: CNN, SpaceX, NASA, China, Super, International Astronautical, Getty, FAA, CSA, Canadian Space Agency, Orion, Planetary Society, SLS, Origin, Blue, Kennedy Space Center, Saturn, Earth, ” CNN, Reuters, Federal Aviation Administration Locations: Starbase, Boca Chica , Texas, Baku, Azerbaijian, Boca Chica, South Texas, AFP, Texas, Washington, Florida, “, SpaceX’s, Brownsville , Texas

SpaceX launched Starship and its Super Heavy booster toward space for the second time on Saturday. Sitting atop its stainless steel Super Heavy booster, Starship stands nearly 400 feet tall. If Starship did reach space on Saturday, it is the largest and most powerful launch system to ever do so. AdvertisementSpaceX's explosions aren't necessarily failure in Musk's eyesThe complete Starship-Super Heavy system first attempted to reach space in April. AdvertisementIt took seven months to make all those adjustments, regain regulatory approval for flight, and prepare to launch Starship a second time.

Persons: Elon Musk, —, Elon, John Insprucker, SPadre.com livestreams, Gene Blevins, Yusaku Maezawa, That's, it's Organizations: SpaceX, Super, NASA, Service, Elon Musk's, Reuters Locations: Boca Chica , Texas, of Mexico, SPadre.com

☆ Deutsche Bank's chief innovation officer lifts the hood on the German bank's AI strategy as it hires hundreds and runs dozens of pilots
▼ + stars: | 2023-09-11 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

Deutsche Bank is aggressively experimenting with AI capabilities to transform the bank. Then they cut to black before text came into focus to provide intel on Cymbal, a hypothetical corporate client of Deutsche Bank. Deutsche Bank is aiming to transform the business and work of banking. There's a lot of assumptions," Gil Perez, Deutsche Bank's chief innovation officer, told Insider. The bank will need to compete for in-demand AI tech talent, a market that is only set to heat up.

Persons: Gil Perez, Perez, Tamara Bitticks, Bitticks, There's Organizations: Deutsche Bank, DB, intel, Google, Deutsche, Bankers, Wall, genAI Locations: San Francisco, Washington

"I decided where the business is, is in space," Mueller said in an interview with CNBC's "Manifest Space" podcast. Mueller started Impulse Space in 2021 and is building space tugs that can move with cargo to different orbits. So far, Impulse Space has raised $30 million in seed funding from investors such as Peter Thiel's Founders Fund and Lux Capital. But that pedigree doesn't mean Impulse is closed off to other startups in the space space – including rocket makers. Earlier this month Vast Space, which is building a commercial space habitat, selected Impulse to develop the Haven-1 Space Station's propulsion system.

Persons: Elon Musk, Tom Mueller, Mueller, Peter Thiel's, Mira, Morgan Brennan, Merlin, Musk Organizations: SpaceX, Fund, Lux Capital, Tesla, PayPal, TRW, CNBC Locations: Haven

☆ SpaceX to launch the first test payload for a bold new drug development company
▼ + stars: | 2023-06-12 | by ( Jackie Wattles | ) edition.cnn.com time to read: +17 min

Its research, company officials hope, could lead to better, more effective drugs — and hefty profits. Varda Space industriesHow it worksVarda’s vision is straightforward: The company’s capsule will launch with an experiment already on board. Varda Space IndustriesDrugs in spaceMuch of the legwork for Varda’s drug experimentation can be done on the ground. The exorbitant price tag of drug research is often passed on to consumers in the form of eye-popping prices, which frequently draws critical headlines. “You’ll see like this entire ecosystem coming up to create this fertile ground for commercialization of space,” Bruey said.

Persons: El, Varda, “ It’s, ”, Will Bruey, ” Varda, what’s, Merck, Keytruda, Varda’s, Covid, that’s, Gabe Ramirez, ” Bruey, Elon Musk, Peter Thiel, “ I’ve, ” Asparouhov, Asparouhov, “, who’s, You’re, Nicholas Cialdella, Bruey, Jon Barr, Mark Herbert, there’s, Eric Lasker, ” Lasker, Varda isn’t, It’s, Paul Reichert, Merck hasn’t, Reichert, Herbert Organizations: El Segundo , California CNN, Citigroup, Varda Space Industries, SpaceX, Vandenberg Space Force, Big pharma, Merck, Bristol Myers Squibb, ISS, Laboratory, Space Station, Rocket, CNN, NASA, Company, Founders Fund, PayPal, Pharmaceuticals, Fortune, Space Industries, US Air Force, Utah Test, pharma, “, Congressional, International Locations: El Segundo , California, California, Los Angeles, Delian, Salt Lake City, ”

Musk founded SpaceX with the goal of making spaceflight cheap enough to establish a permanent human settlement on Mars. Starship rocket is shown here minutes from its first launch window. A hush fell over the control room at SpaceX's facilities, where Musk himself was watching, until the tumbling rocket exploded in a fireball. The biggest concern for Musk would be if Starship "fireballed" and melted the launch pad, he said during a Twitter Spaces session on Sunday. Musk previously said that SpaceX is building multiple Starship rockets to launch this year.

Elon Musk congratulated SpaceX on an "exciting" Starship launch after the prized rocket exploded. Musk had given the rocket launch a 50% chance of success, guaranteeing "excitement." "Congrats @SpaceX team on an exciting test launch of Starship!" Musk was expecting the launch to be spectacularMusk had previously hinted the launch had a one-in-two chance of ending in an explosion. In 2002, Musk founded SpaceX with the goal of making spaceflight cheap enough to establish a permanent human settlement on Mars.

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