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CNN —Boeing’s Starliner is aiming to launch its crewed maiden voyage Saturday, a mission that has been a decade in the making. Boeing Crew Flight Test mission goalsAfter reaching orbit, the Starliner crew capsule carrying Wilmore and Williams will separate from the Atlas V rocket and fire its own engines. Starliner is expected to spend more than 24 hours traveling to the International Space Station, with docking anticipated to occur at 1:50 p.m. A series of delaysYears of development hang-ups, test flight problems and other costly setbacks have slowed Starliner’s path to the launchpad. And that’s why we determined that we could go fly with what we have.”During the launch countdown, mission teams will monitor the leak to see whether it increases.
Persons: CNN —, Mark Burger, SpaceX’s, Bill Nelson, Butch Wilmore, Suni Williams, , ” Nelson, Williams, Joe Skipper, Steve Stich, Wilmore, Stich, SpaceX —, , Mark Nappi, Starliner, ” Nappi, Nappi, ” Stich, Dana Weigel, ” Weigel, , Weigel, Mike Fincke, Butch, Suni, CNN’s Deblina Chakraborty Organizations: CNN, Atlas, Cape Canaveral Space Force, 45th Weather Squadron, NASA, Mercury, Gemini, Apollo, Boeing, Atlas V, International, SpaceX, United Launch Alliance, NASA’s, Space Station, Wilmore Locations: Florida, United States
Boeing 's first Starliner flight with astronauts on board was called off in the final minutes on Saturday. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station. Depending on the cause of the launch scrub, Boeing and NASA can reschedule the launch for another attempt 24 hours later, or target alternative launch dates of June 5th or June 6th. Saturday's crew flight test represents the final major step before receiving NASA certification to begin regular missions.
Persons: Lockheed Martin Organizations: United Launch Alliance, Boeing, International Space Station, NASA, United, Lockheed Locations: Florida, ULA
Japanese billionaire Maezawa cancels moon flyby mission
  + stars: | 2024-06-01 | by ( ) www.cnbc.com   time to read: +1 min
Japanese billionaire Yusaku Maezawa cancelled his "dearMoon" mission, which the project said would have been the first private flight around the moon, the mission announced on Saturday. "It's a developmental project so it is what it is, but it is still uncertain as to when Starship can launch," Maezawa said. Elon Musk's SpaceX named Maezawa, the colourful founder of Japanese online fashion store Zozo Inc, its first private passenger in 2018. Three years later he was the first private passenger to visit the International Space Station in more than a decade, launching on a Soyuz rocket. In November he said the flyby mission would be delayed until this year or later.
Persons: Yusaku Maezawa, Maezawa, Elon, Steve Aoki Organizations: SpaceX, Inc, Space, Soyuz
Boeing's Starliner spacecraft atop the United Launch Alliance Atlas V rocket rolls out in Florida on Thursday, May 30, 2024. Leaders from Boeing, NASA and the United Launch Alliance, or ULA, held a press conference later Saturday afternoon to provide updates on the malfunction and the status of the next launch attempt. "The disappointment lasts for about three seconds," said Mark Nappi, Vice President and Program Manager of Boeing's Commercial Crew Program. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station.
Persons: Boeing's, Mark Nappi, ULA, Tory Bruno, Lockheed Martin Organizations: United Launch Alliance, International Space Station, Boeing, NASA, United, Lockheed Locations: Florida, ULA
Read previewJapanese billionaire Yusaku Maezawa has canceled his star-studded trip to the moon aboard a rocket designed by Elon Musk's company, SpaceX. This story is available exclusively to Business Insider subscribers. A dearMoon representative confirmed the cancellation in a statement to Business Insider. Maezawa announced the eight people who would fly aboard the space vehicle in a YouTube video in December 2022. AdvertisementThe billionaire previously traveled to space in December 2021 during a 12-day trip to the International Space Station.
Persons: , Yusaku Maezawa, Elon, dearMoon, Maezawa, YOSHIKAZU TSUNO, Steve Aoki, Dev Joshi, Musk Organizations: Service, SpaceX, Business, International Space, Russian Soyuz, Milken Institute Global Conference Locations: Russian
Read previewInfluential proxy advisor Institutional Shareholder Services (ISS) has recommended that Tesla shareholders vote against Elon Musk's proposed $56 billion pay package. AdvertisementIt comes after Glass Lewis, another leading proxy advisory firm, also urged Tesla investors to vote against the deal. Tesla was quick to respond to the report in a letter to shareholders titled "What Glass Lewis Got Wrong About Tesla." Related storiesOn the other hand, Glass Lewis urged shareholders to reject the proposed move, saying it offered them "uncertain benefits and additional risk. "ISS and Glass Lewis effectively control the stock market," he added.
Persons: , Elon Musk's, Musk, Glass Lewis, Tesla, John Thys, Lewis Organizations: Service, Services, ISS, Tesla, Bloomberg, Business, Company, Getty, Harvard Law, Corporate, SpaceX, Boring Company Locations: Texas, Amsterdam, AFP, Tesla, Delaware
New York CNN —Two influential advisory firms have urged shareholders to vote against Elon Musk’s contentious $51 billion pay package and raised concerns about the CEO’s numerous side projects. On Friday, Institutional Shareholder Services called the package “excessive” and noted that shareholder concerns “have not been sufficiently mitigated” since the package was first approved in 2018. The move to Texas, where Musk also operates SpaceX, was proposed shortly after a Delaware Chancery Court judge sided with Tesla shareholders who challenged the legality of the 2018 pay package. Those shareholders also argued that the directors on Tesla’s board were not truly independent and were too close to Musk to protect shareholders’ interests. The board is putting the same 2018 package up for a revote at Tesla’s annual shareholder meeting on June 13.
Persons: , — “, Glass Lewis, Tesla, Musk Organizations: New, New York CNN, Elon, Services, Twitter, SpaceX Locations: New York, Texas, Delaware
Elon Musk says he hasn't talked to Donald Trump about joining his government if Trump's elected. Musk was responding to earlier reports saying that Trump was mulling an advisory role for him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk says he hasn't spoken to former President Donald Trump about joining a second Trump administration. This story is available exclusively to Business Insider subscribers.
Persons: Elon Musk, hasn't, Donald Trump, Trump's, Musk, Trump, Joe Biden, Organizations: Trump, Service, Trump Presidency, SpaceX, Street Journal, Business
Elon Musk's X to livestream Trump town hall event
  + stars: | 2024-05-31 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +1 min
Elon Musk's X will host a live town hall-style event with former President Donald Trump, the social media platform's owner and CEO confirmed Friday. Trump, a once-prolific X user, now exclusively posts on Truth Social, a similar microblogging platform he launched in late 2021. "This will be interesting," Musk, and a vocal critic of Trump's presidential rival, President Joe Biden, wrote on X on Friday in response to a New York Post report about the town hall. Linda Yaccarino, the CEO of X, wrote in a post replying to Musk: "The People's Town Hall!" X is partnering with the cable channel NewsNation to host the events, which will be called "The People's Town Hall," with Trump and independent presidential candidate Robert F. Kennedy Jr., Axios reported.
Persons: Elon Musk's, Donald Trump, X, Axios, Musk, Joe Biden, Linda Yaccarino, Robert F, Kennedy Jr Organizations: Trump, Capitol, SpaceX, Twitter, Nasdaq, New, New York Post Locations: New York
Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."
Persons: , Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, , Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein
CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.
Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, , Andrew Harnik, , Darrell West, ” West, Herika Martinez, , Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico
CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. I'd be surprised if most Americans know that there are not one, but two crewed space stations in orbit currently. I'd like to think the International Space Station is common knowledge, but is Tiangong? Tiangong, that second space station in orbit, is built and run by the Chinese. Ideally, NASA also gets more than one space station.
Persons: CNBC's Michael Sheetz, I'd, I've, NASA's Organizations: NASA, NASA's, Soyuz Locations: U.S, China
Tesla is rehiring some of the nearly 500 Supercharger staff members Musk fired in April as a cost-saving measure amid challenging times at the EV company, Bloomberg reported earlier this month. Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. At Tesla, for example, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. Other former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.
Persons: , Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, Levenson, that's, Weeks, Kali Hays Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, BI, Tesla, New York Times, National Labor Relations, NLRB, Musk's SpaceX, Twitter's Locations: York
Cathie Wood's ARK Invest has taken a stake in Elon Musk's startup xAI as she deepens her big bet on artificial intelligence. ARK Venture Fund has invested in xAI as of Sunday, the St. Petersburg, Florida-based asset manager said in an email to clients Tuesday evening. The xAI startup is also not the only Musk-led company Wood's venture fund bets on. The venture fund, launched in September 2022, targets smaller investors who can access the venture capital market through it with as little as $500. The xAI startup is reportedly planning to build a supercomputer to power the next version of its AI chatbot Grok.
Persons: Catherine Wood, Musk, Wood, Tesla Organizations: ARK Investment Management LLC, ARK Venture Fund, SpaceX, X Corp, Twitter, Microsoft, Google, Innovation Locations: Miami , Florida, U.S, Elon Musk's, xAI, St . Petersburg , Florida, OpenAI
Meta's AI chief Yann LeCun is an award-winning computer scientist. But Elon Musk says he isn't impressed with LeCun's scientific work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMeta's AI chief, Yann LeCun, might have won a Turing Award for his contributions to computer science, but Elon Musk doesn't seem too impressed with his work. Musk asked LeCun in an X post on Monday.
Persons: Yann LeCun, Elon Musk, isn't, LeCun, , Elon, Musk's, Musk Organizations: Service, SpaceX Locations: LeCun
Advertisement"Desperate times call for desperate measures," Musk told CNBC's David Faber in May 2023. On top of Tesla and X, Musk also runs SpaceX, Neuralink, AI startup xAI, and an underground tunnel company. AdvertisementAt Tesla, Musk told his employees that he would personally approve all new hires, according to an email obtained by Business Insider. Musk is also known to have fired employees who disagreed with his decisions. AdvertisementOther former Twitter employees and executives have sued Musk, accusing him of unpaid severance pay.
Persons: , Elon Musk, Tesla, Musk, CNBC's David Faber, Lex Fridman, Walter Isaacson, Musk's, Alec Levenson, " Levenson, Spencer Platt, that's, Weeks, Kali Hays, Levenson Organizations: Service, EV, Bloomberg, Twitter, Business, SpaceX, University of Southern California Marshall Center, Getty, New York Times, National Labor Relations, BI, NLRB, Musk's SpaceX, Twitter's Locations: York
Elon Musk aggressively elbowed his way into the space launch business over the past two decades, combining engineering genius and an entrepreneurial drive with a demand that the U.S. government stop favoring the big, slow-moving contractors that had long dominated the industry. Today, it is Mr. Musk who is dominant. His company, SpaceX, is the primary provider of launch services to NASA and to the Pentagon. His rockets carry far more commercial satellites into orbit than anyone else’s, including those for his own Starlink communications network. The new generation of space entrepreneurs trying to emulate Mr. Musk is sufficiently concerned about what they see as his anticompetitive tactics that some of them are now willing to take him on publicly.
Persons: Elon Musk, Musk Organizations: SpaceX, NASA, Pentagon
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share.
Persons: Elon Musk, The Beverly Hilton, Jensen, Huang, Glass Lewis, Obama, Weizhen Tan Organizations: SpaceX, Tesla, The Beverly, CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google, Nikkei, Bank of Japan's, CSI Locations: Beverly Hills , California, U.S, Texas, Asia, Pacific
Direct-ascent anti-satellite missiles are fired from Earth to take out a satellite target in space. Since then, China is believed by analysts to have conducted multiple, nondestructive missile tests that could advance its ability to target satellites. Illustration by CNNThat’s because the US has done extensive non-offensive testing of technologies to approach and rendezvous with satellites, including close approaches of its own military satellites and several Russian and Chinese military satellites, SWF says. Chance Saltzman explained why the US felt it needed to be able to counter other countries’ space capabilities. Its tenets may be more relevant now than ever – but potentially under greater threat amid a new focus on military and space.
Persons: , Russia’s, , Rajeswari Pillai Rajagopalan, Zang Jihui, Chance Saltzman, ” Saltzman, Juliana Suess, Kamala Harris, Etienne Laurent, SpaceX’s, Tong Zhao, ” Zhao, doesn’t, RUSI’s Organizations: Hong Kong CNN, Russian, CNN, Getty, Sputnik, Center for Security, Strategy, Technology, Observer Research, Foundation, China, US Space Force, Liberation Army, PLA, Space Force, Washington, CNN That’s, Space, China’s PLA, US Space Command, Vandenberg Space Force, Bloomberg, Union of Concerned, Carnegie Endowment, International Peace, Modern Defense Technology ”, United Nations Security, US Locations: Hong Kong, Ukraine, Russia, Germany, Europe, United States, China, Moscow, North Korea, Iran, Beijing, AFP, Soviet, Soviet Union, America, New Delhi, India, CNN China, Washington, Japan, Guam, France, Australia, Israel, Gaza, London, California, Honolulu, Hawaii, powerlines
Several investors released a joint letter this month urging fellow shareholders to vote down the package as excessive. Tesla shareholders approved the pay package in 2018, with compensation tied to Tesla's performance including its market value. And he still has time to meet goals he hasn't reached, including on revenue, because the pay package had a 10-year term. In the 440-page proxy statement explaining the vote, a committee of the Tesla board noted the "novel circumstances." Some people began sharing screenshots of their votes in April, shortly after the Tesla board announced the vote, and the deadline to vote online is June 12.
Persons: Elon Musk, The Beverly Hilton, Tesla, James Park, Musk, He's, Judge Kathaleen McCormick, McCormick, Nadya Malenko, hasn't, Ann Lipton, Lipton, — I'm, Musk's, there's, , Rowe Price, didn't, Brad Lander Organizations: SpaceX, Tesla, The Beverly, Wall Street, University of California, CNBC, Bloomberg, Reuters, Boston College's, Tulane University, Disney, New York, Amalgamated Bank . Locations: Beverly Hills , California, U.S, Delaware, Austin , Texas, , Los Angeles, Texas, New York City
Bederson, system chair for the Department of Neurosurgery at Mount Sinai Health System, is no stranger to long hours in an operating room. In fact, it marked the 14th time that the company has placed its array on a human patient's brain. Four of Precision's arrays were carefully laid out on a table nearby. Using a pair of yellow tweezers called long bayonet forceps, Bederson began placing all four of Precision's electrode arrays onto the patient's brain. Real-time renderings of the patient's brain activity swept across Precision's monitors in the operating room.
Persons: Joshua Bederson, Ashley Capoot, Bederson, Elon Musk, Stephanie Rider, Ignacio Saez, Saez, Bederson's, Benjamin Rapoport, Precision's, Ashley Capoot Bederson, Precision's Rapoport, Rapoport, Ashley Capoot Rapoport, Thomas Oxley, Synchron Organizations: Sinai, Neurosurgery, Sinai Health, CNBC, Neuroscience, BCI, Tesla, SpaceX, Icahn School of Medicine, U.S . Food, Drug Administration, Mount, Mount Sinai, Precision Neuroscience, Weill Cornell Medicine, Wall Locations: New York City, Mount Sinai, U.S, Mount, Synchron
He woke as if Elon Musk himself had grabbed him by the shoulders. Mr. Musk spent $44 billion of mostly other people’s money to buy Twitter, rebrand it to X and guarantee that he could continue to irritate people on a global scale. For Mr. Rangel, what was figurative for others had become literal: When a tycoon stomps, the earth shakes. Mr. Musk’s company SpaceX had launched a new iteration of its Starship rocket about 25 miles away. But Mr. Rangel still couldn’t go back to sleep.
Persons: Noel Rangel, Elon Musk, Peter Thiel, Donald Trump —, , Jeff Bezos, Musk, Rangel, stomps, couldn’t Organizations: Twitter, SpaceX Locations: Gulf of Mexico, Brownsville , Texas, West Texas
Read previewRussia's jamming technology appears to be increasingly interfering with Elon Musk's Starlink service in Ukraine. AdvertisementBrian Weeden, the chief program officer for the nonprofit Secure World Foundation, previously told BI that Russia has struggled to disrupt Ukraine's Starlink service. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a network response — is shorter. According to The Times, Russia may have gotten better at interfering with the signal by using more powerful and precise jammers. AdvertisementThe outlet said Russians were purchasing the technology from foreign countries, including the US, before smuggling it to Russian troops in Ukraine.
Persons: , Elon Musk's, Starlink, We're, Mykhailo Fedorov, Brian Weeden Organizations: Service, The New York Times, Business, 92nd Assault Brigade, The Times, Ajax, Times, SpaceX, World Foundation, Street, Ukraine's Ministry of Defense, Kremlin Locations: Ukraine, Russia
Starlink satellite internet service, which soldiers use to communicate, collect intelligence and conduct drone attacks, had slowed to a crawl. Operated by Elon Musk’s SpaceX, Starlink has been critical to the Ukrainian military since the earliest days of the war with Russia. Without the full service, Ukrainian soldiers said, they couldn’t quickly communicate and share information about the surprise onslaught and resorted to sending text messages. Their experiences were repeated across the new northern front line, according to Ukrainian soldiers, officials and electronics warfare experts. As Russian troops made gains this month near Kharkiv, Ukraine’s second-largest city, they deployed stronger electronic weapons and more sophisticated tools to degrade Starlink service, Ukrainian officials said.
Persons: Elon Musk’s, Starlink Organizations: 92nd Assault Brigade, Elon, Elon Musk’s SpaceX, Mr, SpaceX Locations: Ukrainian, Russia, Kharkiv, Ukraine’s, Ukraine, United States
Boeing and NASA are moving forward with the launch of the company's Starliner capsule, set to carry U.S. astronauts for the first time, despite a "stable" leak in the spacecraft's propulsion system. "We are comfortable with the causes that we've identified for this specific leak," Boeing Vice President and manager of the company's Commercial Crew program, Mark Nappi, said during a press conference on Friday. "We know we can manage this [leak], so this is really not a safety of flight issue," Nappi added. Boeing is now targeting June 1 for the first crewed launch of its spacecraft, with backup opportunities on June 2, June 5 and June 6. To date, Boeing has eaten $1.5 billion in costs due to Starliner setbacks, in addition to nearly $5 billion of NASA development funds.
Persons: Mark Nappi, Nappi Organizations: National Aeronautics and Space Administration, NASA, United Launch Alliance, Boeing's, NASA's Boeing, Cape Canaveral Space Force, Boeing, International Space Locations: Florida
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