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☆ 7 key details from Elon Musk and Vivek Ramaswamy's DOGE plan
▼ + stars: | 2024-11-20 | by ( John L. Dorman | Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.

Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia

☆ SpaceX completes sixth Starship flight, with both booster and spacecraft splashing down
▼ + stars: | 2024-11-19 | by ( Michael Sheetz | ) www.nbcnews.com time to read: +4 min

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. Pushing the envelopeSpaceX has flown the full Starship rocket system on six spaceflight tests so far since April 2023, at a steadily increasing cadence. The company said on its website that it made hardware upgrades to the rocket’s booster for improved redundancy and improved structural strength. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.

Persons: Elon Musk’s, Donald Trump, Trump, SpaceX’s, Musk Organizations: SpaceX, Federal Aviation Administration, Super Locations: Brownsville , Texas, Gulf, Mexico, Florida

☆ Trump watches Musk’s SpaceX Starship launch in Texas
▼ + stars: | 2024-11-19 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: 1 min

President-elect Donald Trump said Tuesday he was traveling to Texas to personally witness the latest launch for SpaceX’s Starship megarocket, a key part of billionaire Elon Musk’s plans to populate Mars. Trump, who has endorsed a Mars mission, announced his plans in a post on X. “I’m heading to the Great State of Texas to watch the launch of the largest object ever to be elevated, not only to Space, but simply by lifting off the ground. Good luck to @ElonMusk and the Great Patriots involved in this incredible project!” he said. Musk, the CEO of SpaceX and Tesla, said on X he was honored to have Trump at the event.

Persons: Donald Trump, Elon Musk’s, Trump, Musk Organizations: Great Patriots, SpaceX, Tesla, Trump Locations: Texas, Great State of Texas

SpaceX's Starship spacecraft sits atop its powerful Super Heavy rocket at the company's Boca Chica launchpad, near Brownsville, Texas, on November 16. Musk’s claims came after the FAA proposed $633,009 in civil penalties against SpaceX, saying the company violated launch license requirements twice during flights of its workhorse Falcon 9 rocket. SpaceX has denied wrongdoing related to those requirements, saying none of the allegations related to public safety. Still, the FAA granted SpaceX its long-awaited license to move forward with Starship’s fifth uncrewed test launch in October — and that same launch license covers this week’s test flight. It marks the first time that SpaceX has not had to go back to the FAA to approve launch license changes since the company began this testing campaign years ago.

Persons: Joe Skipper, Elon Musk, Musk, Donald Trump, —, Mike Whitaker “, ” Musk, Musk’s Organizations: Boca, Reuters, SpaceX, Federal Aviation Administration, FAA, “ Department, Government Locations: Brownsville , Texas, —

☆ Trump's picks are giving Big Tech plenty of reasons to be nervous
▼ + stars: | 2024-11-19 | by ( Grace Eliza Goodwin | Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has selected several Big Tech critics for top roles in his second administration. A number of his picks have been harsh critics of the Big Tech industry. Tom Williams/CQ Roll CallTrump's pick for attorney general, former Florida Rep. Matt Gaetz, has for years criticized Big Tech companies. Anna MoneymakerVice President-elect JD Vance cut his teeth in venture capital, and has long been a proponent for breaking up Big Tech. AdvertisementVance said that his experience in Silicon Valley taught him to be weary of Big Tech.

Persons: Donald Trump, Matt Gaetz, JD Vance, Elon Musk, Brendan Carr, Trump's, Trump, Brendan Carr Trump, Tom Williams, Carr, Elon, Musk's, Matt Gaetz Trump, Gaetz, Lina Khan, Jonathan Kanter, Elon Musk Elon, Marc Piasecki, Musk, donald, Biden, Tim Cook, X, Anna Moneymaker, Vance, we're Organizations: Big Tech, Trump, GOP, Google, Apple, Microsoft, Federal Communications Commission, Inc, Getty, Heritage, FCC, TikTok, United, Florida Rep, Federal Trade, Elon, Government, of Government, SpaceX, OpenAI, Bloomberg News Locations: Starlink, Florida, Silicon Valley, Trump

☆ SpaceX gears up to catch Starship again — and Donald Trump may join Elon Musk for the launch
▼ + stars: | 2024-11-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

AdvertisementSpaceX is planning to launch Starship for the sixth time on Tuesday. Reports suggest that President-elect Trump may join Elon Musk for the launch. Elon Musk and Donald Trump have been inseparable since the election — and now Trump will reportedly attend the latest launch of Musk's giant Starship rocket. SpaceX is set to conduct the sixth test flight of Starship, the 165-foot spacecraft that Musk wants to use to take humanity to Mars, on Tuesday. Multiple reports on Monday suggested that Donald Trump is planning to attend the Starship launch — another indication of just how important a role Musk will likely play in the next administration.

Persons: Elon Musk, Donald Trump, Google's Sundar Pichai, Joe Rogan, Kid Rock, Chris Unger, Brendan Carr, Carr, Mars, CHANDAN KHANNA, Musk, Starship's Organizations: SpaceX, Trump, Elon, UFC, PAC, Department of Government, Federal Communications Commission, Getty, Federal Aviation Authority, Business Locations: SpaceX's Starbase, Texas, New York City

☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ SpaceX launches 6th test of Starship rocket
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpaceX launches 6th test of Starship rocketCNBC's Morgan Brennan joins 'Fast Money' with a live look at SpaceX's Starship launch.

Persons: Morgan Brennan Organizations: SpaceX

☆ SpaceX launches Starship’s fourth flight of the year, splashes down booster instead of catching it
▼ + stars: | 2024-11-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle's development. There are not any people on board the Starship flight. Sergio Flores | Afp | Getty ImagesSpaceX has flown the full Starship rocket system on five spaceflight tests so far since April 2023, at a steadily increasing cadence. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.

Persons: SpaceX's, Joe Skipper, Elon Musk's, Donald Trump, Trump, Sergio Flores, Musk Organizations: SpaceX, Boca, Reuters Starship, Afp, Getty, Federal Aviation Administration, Super Locations: Brownsville , Texas, U.S, Florida

☆ See SpaceX launch Starship on its sixth test flight
▼ + stars: | 2024-11-19 | by ( Royce Johnson | ) edition.cnn.com time to read: 1 min

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☆ Trump to attend SpaceX Starship launch in Texas with CEO Elon Musk
▼ + stars: | 2024-11-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

Nov 16, 2024; New York, NY, USA; President-elect Donald Trump talks with Elon Musk (right) during UFC 309 at Madison Square Garden. MandatoryPresident-elect Donald Trump will attend Tuesday's launch of the SpaceX rocket Starship with company CEO Elon Musk. Trump has tapped Musk to co-lead a Department of Government Efficiency — DOGE — with former Republican presidential contender Vivek Ramaswamy. Tuesday's launch at SpaceX's Starbase site in Boca Chica will be the sixth for Starship, the largest rocket ever built. Sen. Ted Cruz, R-Texas, also plans to attend Tuesday's launch, NBC News has learned.

Persons: Donald Trump, Elon Musk, Musk, Trump, —, Vivek Ramaswamy, Sen, Ted Cruz, Cruz Organizations: Elon, UFC, Madison, SpaceX, Republican, Department of Government, Trump, NBC, Starship, NBC News, Senate, Committee Locations: New York, NY, USA, Lago, Florida, Boca Chica, Texas

☆ Starship flight 6 launch: SpaceX to attempt rocket booster landing at ‘Mechazilla’ tower
▼ + stars: | 2024-11-19 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

The two-stage megarocket — which features the Starship spacecraft stacked atop the Super Heavy booster — will attempt liftoff during a 30-minute window that opens at 5 p.m. If the test flight team deems conditions are favorable for a landing attempt, booster touchdown should occur about seven minutes after launch. Joe Skipper/ReutersThe Starship spacecraft, meanwhile, will fire up its own six engines before entering a coasting phase as it soars through space. During the fourth integrated Starship test flight in early June, the spacecraft endured significant damage. “In 2025, SpaceX plans to undertake a long-duration flight test and a propellant transfer flight test,” according to a recent report from NASA’s Office of the Inspector General, or OIG.

Persons: CNN —, Sergio Flores, “ chopsticks, ”, “, Elon Musk, SpaceX's, Joe Skipper, ” Musk, Artemis III Organizations: CNN, SpaceX, Super, Federal Aviation Administration, FAA, Getty, Starship, NASA’s Locations: Brownsville , Texas, Starbase, AFP

☆ Trump to Watch Latest SpaceX Launch With Elon Musk
▼ + stars: | 2024-11-19 | by ( Erica L. Green | More About Erica L. Green | ) www.nytimes.com time to read: +1 min

Mr. Trump’s appearance at the launch demonstrates the growing closeness between the two billionaires, and Mr. Musk’s increasing influence in Mr. Trump’s realm. Last week, Mr. Trump announced that Mr. Musk would lead a yet-to-be-created government agency, and Mr. Musk has become a staple in Mr. Trump’s transition. Mr. Musk has frequently attended meetings with him at Mar-a-Lago, Mr. Trump’s private residence, and traveled with Mr. Trump to meetings in Washington. As has been the case with many of Mr. Trump’s job candidates, Mr. Musk’s influence and presence brings potential conflicts of interest. Although he and Mr. Musk only recently became close allies, Mr. Trump had long expressed admiration for Mr. Musk’s rocket launches and would frequently reference SpaceX during campaign speeches.

Persons: Donald J, Trump, SpaceX’s, Elon Musk, Musk, Trump’s, Musk’s Organizations: Elon, Mar, Mr, Musk’s SpaceX, SpaceX, Musk’s Locations: Brownsville , Texas, Washington

☆ SpaceX Starship Launch: Watch Live
▼ + stars: | 2024-11-19 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

On the fifth test flight of its enormous Starship rocket, the booster stage returned to the launchpad and was caught in midair by two large mechanical arms on the launch tower. Here’s what you need to know about Tuesday’s launch. When is the test flight, and how can I watch it? SpaceX will stream coverage of the test flight beginning about 30 minutes before liftoff from SpaceX’s site in South Texas near the city of Brownsville. Earlier on Tuesday, SpaceX said in a post on the website X that weather and systems were favorable for launch.

Persons: Donald J, Trump, SpaceX, Tuesday’s livestream Organizations: SpaceX Locations: South Texas, Brownsville

☆ Cathie Wood's Ark pitches mom-and-pop investors on exposure to Elon Musk's startups
▼ + stars: | 2024-11-19 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

AdvertisementIn an email to subscribers, Ark Invest highlighted its exposure to Elon Musk's private companies. Its venture fund includes stakes in SpaceX, X, and xAI, totaling nearly 15% of net assets. Ark Invest hyped Musk's influence with Donald Trump, saying his companies could also benefit. SpaceX was Ark Venture Fund's largest holding, with about 13% of assets, worth an estimated $8.7 million. In a recent interview, Winton illuminated the factors that drove Ark's investments in Musk's companies.

Persons: Elon, Donald Trump, Elon Musk, Brett Winton, Elon Musk's, Ark, xAI, Trump, Musk, He's, Winton Organizations: Ark Invest, SpaceX, Ark, Elon, Invest, ARK Venture Fund, Ark Venture, Trump megadonor, Trump's, Winton Locations: Elon, United States

☆ 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

☆ Jim Cramer says 'nothing truly dulls the case' for owning Tesla stock
▼ + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer made the case for owning Tesla stock, saying it's worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. "While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," he said. "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways." But Cramer suggested that the Trump team's plans for autonomous vehicles might be easier said than done. Cramer also stressed that Tesla stands apart from its EV peers because of its tech focus.

Persons: CNBC's Jim Cramer, Donald Trump, Elon Musk, Tesla, Trump, Cramer, Elon, Trump's Organizations: Bloomberg, Trump, Barclays, SpaceX

☆ Trump's new FCC pick is a win for Elon Musk
▼ + stars: | 2024-11-18 | by ( Bryan Metzger | Jessica Orwig | ) www.businessinsider.com time to read: +4 min

Carr is an ally of Elon Musk and has previously gone to bat for his company, Starlink. President-elect Donald Trump's nomination of Brendan Carr to chair the Federal Communications Commission (FCC) isn't just a win for conservative opponents of Big Tech. Elon Musk has transformed long-dormant industries, and he’s developed a first principles “production algorithm” to deliver results. In 2022, the FCC denied SpaceX nearly $886 million in government subsidies to provide satellite internet access in rural areas via the company's Starlink service. It's still proving itself as a viable internet service provider and is relatively expensive for the quality, CNN reported in August.

Persons: Trump, Brendan Carr, Carr, Elon Musk, Donald Trump's, isn't, It's, Musk, he’s, It’s, JySzEtCsyj — Brendan Carr, it's, —, Starlink, Trump's, Michael Romano, NTCA, Carr's, he's Organizations: Federal Communications Commission, Big Tech, Department of Government, Republican, Trump, GOP, Administrative State, Twitter, FCC, SpaceX, POLITICO, CNN, Senate Locations: Administrative, Brazil, American

☆ Trump taps Brendan Carr to chair Federal Communications Commission
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

Brendan Carr speaks during a House Committee on Energy and Commerce Subcommittee on Communications and Technology Hearing titled Connecting America. President-elect Donald Trump will tap Brendan Carr, a critic of the Biden administration's telecom policies and Big Tech, as chairman of the Federal Communications Commission, he said in a statement on Sunday. Carr, 45, is currently the top Republican on the FCC, the independent agency that regulates telecommunications. Last week, Carr wrote to Meta's Facebook, Alphabet's Google , Apple and Microsoft saying they had taken steps to censor Americans. Trump also sued CBS over its "60 Minutes" interview with Vice President Kamala Harris.

Persons: Brendan Carr, Donald Trump, Carr, Joe Biden's, Disney's, Trump, Kamala Harris Organizations: Energy, Communications, Technology, Biden, Big Tech, Federal Communications Commission, Republican, FCC, Elon, SpaceX, Commerce Department's, Facebook, Google, Apple, Microsoft, Sunday, Disney's ABC, NBC, Paramount, CBS

☆ A $40 Optimus robot figurine is the latest addition to Tesla's merch line — see the other wacky items it's sold
▼ + stars: | 2024-11-18 | by ( Kate Duffy | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Tesla recently added to the list a $40 Tesla Bot Action Figure of the humanoid robot it's developing. Here's a list of the weird merchandise Tesla has sold, including flamethrowers and surfboards. A $40 collectible figure modeled after Tesla's Optimus Gen 2 humanoid robot. Under Musk's leadership, SpaceX, Tesla, and The Boring Company have sold a number of quirky wares, oftentimes taking inspiration in name or design from Tesla vehicles or SpaceX rockets. Here's a look at some of the weirdest products Tesla has sold to date:

Persons: Elon Musk, Tesla, he's, Tesla's Optimus Organizations: Tesla's, SpaceX, Tesla, The, Company, eBay

☆ The admitted and investigated drug use in some of Trump’s top picks
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —President-elect Donald Trump’s Cabinet picks are unique for many reasons. Kennedy brings his addiction worldview to prescription drugs such as those overseen by the Food and Drug Administration, which he would oversee if confirmed as HHS secretary. But Musk denied allegations of past drug use as reported in The Wall Street Journal early this year. Federal employees are barred from taking illegal drugs, and there are no reports to indicate that any of Trump’s Cabinet or other administration picks are using illegal drugs. CNN has reported that this year, Trump’s team is bypassing long and cumbersome FBI background checks for some of his Cabinet picks.

Persons: Donald Trump’s, Matt Gaetz, It’s, –, Gaetz, Robert F, Kennedy Jr, Kennedy, Kurt Andersen, ” Elon Musk, Matthew Perry, Joe Rogan’s, Musk, Larry Kudlow, Hunter, Hunter Biden, Trump, Fred, Theo Von’s “, ” Von, Von, Sackler, Xi Jinping, Biden, Joe Biden, Florida’s Organizations: CNN —, Drug Enforcement, Department of Health, Human Services, Harvard University, Food and Drug Administration, Fox News, “ Department, Government, NASA, SpaceX, Street, Trump, CNN, Biden White, of Justice, Supreme, Purdue Pharma, Republican Locations: Florida, South Dakota, China, Mexico

☆ AfroTech debuted in Houston, where optimism outweighed uncertainty
▼ + stars: | 2024-11-18 | by ( Monica Melton | ) www.businessinsider.com time to read: +4 min

AdvertisementThe AfroTech Conference for Black tech professionals debuted in Houston this year. The eighth edition of AfroTech, which lasted four days in Houston, held its place among one of the largest gatherings of Black tech professionals. AdvertisementMost of the attendees walked away with connections that anchor their experience as one of few Black tech professionals, if not the only one on their teams or at their tech companies. Many were searching for connections that could land early career conferencegoers their first tech job or a branch to pivot to new tech companies or into entrepreneurship. Her loss didn't seem to dampen the mood too much, but it has cast doubt and uncertainty as big tech companies line up to kiss the ring of the new administration.

Persons: strode, conferencegoers, Kamala Harris, Elon Musk, We're, Alex Oladele, Morgan DeBaun, Apt, that's, Lesley Bellow, Morgan Debaun, Morgan, Bellow, George R, Joshua Pinkay, Pinkay assuredly Organizations: Conference for Black, Trump, SpaceX, Twitter, IBM, LinkedIn, Media, Group, Brown Convention, BMG Locations: Houston, Silicon

☆ Insider Today: Uncle Elon vs. Uncle Sam
▼ + stars: | 2024-11-17 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

He talked to Business Insider about facing the "vacuum of death" in just a spacesuit. On the agenda today:Related VideoBut first: The world's richest man takes on the world's biggest government budget. Walking the DOGEXAOC/Getty, The Washington Post/Getty, t_kimura/Getty, Tyler Le/BIElon Musk made his name and fortune disrupting antiquated industries. AdvertisementBI secured access to an internal Tesla pay database, revealing the company's high-risk, high-reward system. The pay structure is ultimately part of CEO Elon Musk's quest to hire the most "hardcore" employees.

Persons: Jared Isaacman, XAOC, Tyler Le, Elon Musk, he's, Musk, Tesla, Reagan, Clinton, Jordan Strauss, Rebecca Zisser, Elon, Robot, Anna Kim, Getty, Michael Ostuni, —, Fiona Carter, Natalie Ammari, Sylvia Yeh, Goldman Sachs Organizations: Business, SpaceX, The Washington Post, Elon, of Government Efficiency, Twitter, Big Government, Big Tech, Tesla, Forward Press, Goldman, Corporate America

☆ Elon Musk downsized Big Tech. Can he do the same to Big Government?
▼ + stars: | 2024-11-17 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +11 min

And to run the new cost-cutting department, Trump tapped the businessman he calls the world's "greatest cutter" — Elon Musk. If you're looking to take a chainsaw to the federal government, Musk seems perfectly suited to the job. When it comes to federal spending, one person's waste is another person's bread and butter. And his massive investments in electric vehicles and social media are dependent on all sorts of federal spending and oversight. Musk has acknowledged that Americans will feel "hardship" as a result of the cuts he wants to see implemented.

Persons: Donald Trump, Trump, Elon Musk, Musk, cochair, Vivek Ramaswamy, Ronald Reagan —, There's, Michael Morris, Morris, it's, Andy Wu, Linda Bilmes, Ronald Reagan, Joel Friedman, Brian Hughes, DOGE, Reagan, Ramaswamy, It's, Sam, Uncle, Elon Organizations: Department of Government, Twitter, Tesla, SpaceX, Defense Department, IRS, Columbia Business School, Harvard Business School, Government, Harvard Kennedy School, Office, GAO, Fox News, Budget, Federal Aviation Administration, Veterans Administration, — Locations: Ecuador, Independence

☆ European SpaceX rival raises $160 million for reusable capsule to carry astronauts, cargo to space
▼ + stars: | 2024-11-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Space Exploration develops a product called Nyx, a reusable capsule that can be launched from rockets into space carrying passengers and cargo. "So there is an increased demand for sending people to stations, sending cargo to stations," she said. TEC's core product is Nyx, a capsule that can be launched from rockets into space carrying passengers and cargo. The Exploration Company (TEC) announced Monday it has raised $160 million to fuel development of its capsule that is designed to take astronauts and cargo to space stations. These include mission contracts with companies including Starlab, which is designing a new space station, and Axiom Space.

Persons: Huby Organizations: TEC, CNBC, Venture, Balderton Capital, French Tech, Climate Fonds, The Exploration Company, SpaceX, European Space Agency, NASA Locations: China, Russia, Europe, U.S, India

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