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Tesla CEO Elon Musk suggested Boeing has "too many" non-technical managers. AdvertisementElon Musk is chiding Boeing on social media for employing "too many" non-technical managers amid a wave of ongoing layoffs at his own company, Tesla. Too many non-technical managers at Boeing. Advertisement"Too many non-technical managers at Boeing," Musk tweeted. Musk has opined about non-technical managers in the past, writing in a May 2020 tweet that he "strongly" believes "all managers in a technical area much be technically excellent."
Persons: Elon Musk, Boeing's Starliner, Tesla, , Elon, Musk, bTXWAfxfrh — Elon, Musk's Organizations: Boeing, Service, Tesla, Business, NASA, SpaceX, International Space
Elon Musk revealed that SpaceX "basically uses no AI." "I mean, oddly enough, one of the areas where there's almost no AI used is space exploration," Musk replied. "So SpaceX uses basically no AI, Starlink does not use AI. At X, Musk integrated his AI chatbot Grok — similar to ChatGPT — into the social media platform. Musk also considered using AI to help summarize news on the site.
Persons: Elon Musk, hasn't, , Elon, Musk, Michael Milken, I'm, he's, electrochemistry, Geoff Hinton Organizations: SpaceX, Service, Milken Institute Global, Musk, Milken Institute, Business
CNN —Two NASA astronauts have reached the final hours before a long-awaited launch attempt aboard Boeing’s Starliner capsule, marking the first crewed mission of the brand-new spacecraft. This mission, dubbed the Crew Flight Test, could be the final major milestone before NASA deems Boeing’s spacecraft ready for routine operations as part of the federal agency’s Commercial Crew Program. NASA astronauts Suni Williams (left) Butch Wilmore pose after they arrived at the Kennedy Space Center on April 25, in Cape Canaveral, Florida, ahead of the Boeing Starliner Crew Flight Test. The two will then return home aboard the same Starliner capsule, which is expected to parachute to a landing at one of several designated locations across the southwestern United States. SpaceX ultimately beat Boeing to the launchpad, carrying out its crewed flight test of the Crew Dragon capsule in May 2020.
Persons: SpaceX’s, Suni Williams, Butch Wilmore, Terry Renna, Bill Nelson, , Butch, Suni, Williams, Starliner, , Mark Nappi, ” Nappi Organizations: CNN, NASA, Cape Canaveral Space Force, International Space, Russian Soyuz, Kennedy Space Center, Boeing, Atlas, SpaceX, International Locations: Florida, United States, Russian, Cape Canaveral , Florida, Starliner
After years of delays, Boeing is finally set to launch two NASA astronauts to the International Space Station on its Starliner spacecraft. ET, atop an Atlas V rocket at Florida's Cape Canaveral Space Force Station. Astronauts Barry "Butch" Wilmore and Sunita Williams will pilot the Starliner on its inaugural crewed flight — a crucial final test before NASA can authorize Boeing to conduct routine flights to and from the space station for the agency. If successful, the flight will enable Boeing to challenge the dominance held by Elon Musk's SpaceX, which has been ferrying NASA astronauts to and from the orbiting outpost since 2020. At a preflight briefing last week, Wilmore said safety is paramount and that previous Starliner launch attempts — both uncrewed and crewed — were delayed because the capsule simply was not ready until now.
Persons: Astronauts Barry, Butch, Wilmore, Sunita Williams, Elon Musk's Organizations: National Aeronautics and Space Administration, NASA, United, Alliance, Boeing's, NASA's Boeing, Cape Canaveral Space Force, Boeing, International, Atlas, Canaveral Space Force, Astronauts, Elon, Elon Musk's SpaceX Locations: Florida
Sohail Prasad, an entrepreneur, launched a fund in March called the Destiny Tech100. The fund owns shares in hot tech start-ups like the payments firm Stripe, the rocket maker SpaceX and the artificial intelligence company OpenAI. Few people get the chance to invest in these privately held companies since their shares are not openly traded. Mr. Prasad’s intention with Destiny was to let the rest of the world get a piece of them through his fund. But soon after Destiny debuted, two tech start-ups — Stripe and Plaid, a banking service — said the fund did not legally own their shares.
Persons: Sohail Prasad, Destiny, , Robinhood, Prasad, Organizations: SpaceX
China's new teaser for its lunar base appeared to show a NASA Space Shuttle taking off. The Space Shuttle was later blurred out in a state media version of the CGI video. AdvertisementA new concept video showcasing China's planned lunar base appeared to feature a NASA Space Shuttle lifting off from the facility — a detail that was then omitted in a later broadcast of the clip. Related storiesIt's unclear if showing a Space Shuttle was intended by China's space administration, but the spacecraft using a Chinese base in 2045 would be nearly impossible. Beijing says it plans for its international lunar base to be built jointly by other countries as a collaborative effort.
Persons: , CNSA, It's, Artemis Organizations: NASA Space Shuttle, Shuttle, Service, China National Space Administration, Research, American, NASA, Space, Orbiter, Getty, Orion Spacecraft, Elon, SpaceX, International Space, Space Shuttle, Business Insider Locations: China, Beijing
SpaceX beat Boeing to the punch, flying NASA astronauts to the space station four years ago for cheaper. NASA astronauts Suni Williams (left) and Butch Wilmore (right) conduct suited operations in a Boeing Starliner simulator. AdvertisementThe SpaceX Crew Dragon spaceship that accomplished the feat came from the same NASA initiative that's flying Starliner on Monday. NASA astronauts Bob Behnken (left) and Doug Hurley (right) were the first people to fly aboard a private spaceship, SpaceX's Crew Dragon. SpaceXWith each flight, SpaceX has earned money, while Boeing has been sinking more and more funds into Starliner.
Persons: Elon Musk, , Boeing's, Butch Wilmore, Suni Williams, Robert Markowitz, Bob Behnken, Doug Hurley, bTXWAfxfrh — Elon, Musk, Eric Berger, Cory Huston, Starliner's, Berger, George Nield, Nield, Scrappy SpaceX Organizations: Boeing, SpaceX, NASA, Service, Twitter, International Space Station, ISS, Atlas, Reuters, Department of Defense, Space Transportation Locations: Starliner
“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.
Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, , Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, , CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America
Boeing is about to fly NASA astronauts to the International Space Station for the first time. Still, the FAA, NASA, and other aerospace experts have questioned Boeing's overall safety culture. NASA astronauts Butch Wilmore and Suni Williams conduct suited operations in the Boeing Starliner simulator at NASA's Johnson Space Center. This Crew Flight Test mission is over a decade in the making. He added that those calculations are for a full 210-day mission, while Whilmore's and Williams's test flight lasts just one week.
Persons: , NASA's Butch Wilmore, Suni Williams, Butch Wilmore, Robert Markowitz They're, jetliner, AeroSystems, Bill Nelson, Kim Shiflett, George Nield, Bjorn Fehrm, Fehrm, KPIs, Doug Loverro, Baz Ratner, Bill Ingalls, Steve Stich, Nield, We've, Wilmore, Starliner, Whitmore, Williams Organizations: Boeing, NASA, International Space Station, FAA, Service, Defense, Boeing's, International Space, Space Center, ISS, Max, NTSB, AP, Alaska Airlines, United Airlines, Federal Aviation Administration, Department of Justice, Atlas, Cape Canaveral Space Force, Space Transportation, New York Times, Leeham, Business, Ethiopian, Ethiopian Airlines, Aerospace, Committee, White, Bill Ingalls NASA, US, Spaceflight Locations: Portland, Florida, It's, New Mexico
Read previewElon Musk, at an exclusive April dinner, commiserated with a group of billionaires about their distrust in Democratic politicians like Joe Biden, according to a new report by Puck. The outlet reported that Musk and venture capitalist David Sacks hosted the private event at Sacks' $23 million estate in the Hollywood Hills. This story is available exclusively to Business Insider subscribers. Related storiesRepresentatives for Musk, Sacks, and other dinner attendees identified by Puck did not immediately respond to requests for comment from Business Insider. "In the past I voted Democrat, because they were (mostly) the kindness party," Musk wrote in a tweet in May 2022.
Persons: , Elon, Joe Biden, Puck, David Sacks, Sacks, Peter Thiel, Travis Kalanick, Steven Mnuchin, Donald Trump, Biden, Musk, Michael Milken, Milken's, Milken, Trump, OpenSecrets, Don Lemon, Lemon Organizations: Service, Hollywood, Business, Democratic, Biden, Houston Chronicle, SpaceX hasn't, Trump, National Republican Congressional Committee, Democratic Party, Republican, The New York Times, CNN Locations: Palm Beach , Florida
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.
Persons: , HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's
Elon Musk has gained $36 billion in net worth over the last week, per Bloomberg. Musk is reaping the benefits after Tesla shares surged following his successful trip to China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is $36 billion richer following his recent trip to China. Three years later, he's now behind LVMH boss Bernard Arnault and Amazon founder Jeff Bezos, with a current estimated net worth of $202 billion.
Persons: Elon Musk, , Elon, Musk, Dan Ives, he's, Bernard Arnault, Jeff Bezos, Tesla Organizations: Bloomberg, Service, Tesla, SpaceX, Amazon Locations: China, China . China
Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023. Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers. Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, will leave on Tuesday morning, the report said. Musk also plans to dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said. Tesla, which had 140,473 employees globally as of end-2023, did not immediately respond to a Reuters' request for comment.
Persons: Tesla, Elon Musk, Rishi Sunak, Rebecca Tinucci, Daniel Ho, Musk, Ho, Rohan Patel, Tinucci, — Patel, Drew Baglino — Organizations: British Locations: London, China, Beijing, India
Supreme Court gives SEC a win over Elon Musk
  + stars: | 2024-04-29 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +2 min
The Supreme Court rejected Elon Musk's bid to get rid of his 'Twitter sitter.' He has to get legal approval for any X posts about Tesla as part of an SEC agreement. Musk argued it limits his free speech, but the court shot him down. AdvertisementThe Supreme Court isn't going to step in to help Elon Musk get rid of his "Twitter sitter." Related storiesHe filed a petition with the Supreme Court to undo the settlement in December, arguing it limited his free speech.
Persons: Elon Musk's, Tesla, Musk, , isn't, Elon Musk, Joe Biden Organizations: SEC, Service, Securities and Exchange, SpaceX, Musk, Bloomberg
Shares of Tesla rose sharply in U.S. premarket trading on Monday after the electric car maker passes a significant milestone to roll out its full self-driving technology in China. ET, as investors reacted to news surrounding Tesla CEO Elon Musk's visit to China. Tesla on Sunday said that local Chinese authorities removed restrictions on its cars after passing the country's data security requirements. While Tesla's electric cars are some of the most popular vehicles in China, they have reportedly been banned from some government-related properties due to data security concerns. Data security concerns have been a key obstacle preventing Tesla from achieving a full rollout of the system in China.
Persons: Elon Musk, Axel Springer, Elon Musk's, Tesla, Biden Locations: Berlin, Germany, U.S, China
"Elon Musk's visit to China means far more than seeking approval for self driving tech on Chinese roads. Jonas reiterated an overweight rating on Tesla stock, alongside a $310 per share price target, implying more than 82% upside from Friday's $169.29 close. Tesla jumped as much as 14.4% on Monday following news of Musk's visit to China and meeting with Chinese Premier Li Qiang , as investors interpreted it as a sign of Musk's commitment to Tesla. To be sure, Musk's visit to China doesn't mean a breakthrough for FSD technology will come sooner. Tesla stock has faced increased pressure in 2024 on several fronts, and has still slumped 22% even after Monday's rally.
Persons: Elon, he's, Morgan Stanley's, Adam Jonas, Elon Musk's, Jonas, Tesla, Premier Li Qiang, Musk, Elon Musk, FSD Organizations: Premier, Twitter, SpaceX, Tesla Locations: China, Delaware, Beijing
Read previewA Facebook cofounder's attacks against Tesla continues, and it comes with one of his boldest allegations against the company to date: Tesla is the next Enron. — Elon Musk (@elonmusk) April 26, 2024Moskovitz had not yet addressed Musk's posts on Friday. On Wednesday, the Facebook cofounder acknowledged the gravity of his comments in his social media post. Moskovitz also has long been skeptical of Elon Musk and his ventures. "I call on Elon Musk to resign," Moskovitz said on Threads last year, adding that he should resign "(from everything)."
Persons: , Tesla, Dustin Moskovitz, Asana, Elon Musk, Musk, Dustin Moskowitz, — Elon, Moskovitz Organizations: Service, Business, Tesla, Enron, Traffic Safety Administration, Securities and Exchange Commission, Bloomberg, Justice Department, SpaceX, Elon
CNN —After years of delays and a dizzying array of setbacks during test flights, Boeing’s Starliner spacecraft is finally set to make its inaugural crewed launch. “This is history in the making,” NASA Administrator Bill Nelson said of the upcoming Starliner mission during a March 22 news conference. Missteps riddled a Starliner test flight the prior year, leaving NASA and Boeing officials scrambling to figure out what went wrong. SpaceX’s Crew Dragon has been flying routine trips ever since, carrying NASA astronauts and even paying customers and tourists. On May’s inaugural crewed flight, Boeing will instead use a “perfectly acceptable mitigation” that should prevent the valves from sticking, Nappi said in March.
Persons: CNN —, Suni Williams, Butch Wilmore, , Mark Nappi, , we’ve, Ken Bowersox, SpaceX’s, Bill Nelson, “ We’re, Boeing’s Starliner, Bob Behnken, Doug Hurley, Steve Stich, we’re, ” Nappi, Stich, Nappi, — Williams, Wilmore, , ” Wilmore, Williams Organizations: CNN, NASA, International, Boeing, SpaceX, International Space, Alaska Airlines Locations: Florida, , Starliner’s
ARK Invest is betting big on private tech companies. "It's an amazing time to invest in innovation," the firm's chief futurist, Brett Winton, told CNBC's "ETF Edge" this week. Winton worked with the ARK Invest team to create the ARK Venture Fund (ARKVX), a closed end interval fund, in September 2022. Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market volatility. As of Thursday's close, the ARK Venture Fund was up 29% since its inception date.
Persons: Brett Winton, CNBC's, Winton, ARK, Organizations: Invest, ARK Invest, ARK Venture, Games, SpaceX
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Ron Baron: You can do quite well by being a long-term investorRon Baron, Baron Capital chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, Baron's Tesla investment, Elon Musk's leadership, Tesla's robotaxi ambitions and road ahead, EV demand, Baron's SpaceX investment, why he still hasn't bought into bitcoin, and more.
Persons: Ron Baron, Baron, Elon Musk's, Tesla's, hasn't Organizations: Baron Capital, Elon, EV, SpaceX Locations: bitcoin
CNN —Russia on Wednesday vetoed a United Nations resolution that proposed a ban on the use of nuclear weapons in outer space amid US intelligence-backed concerns that Moscow is trying to develop a nuclear device capable of destroying satellites. In February, President Joe Biden confirmed the US has intelligence that Russia is developing a nuclear anti-satellite capability. It also called on UN member states not to develop nuclear weapons or other weapons of mass destruction designed to be placed in Earth’s orbit. The White House’s comments on the prospect of a Russian nuclear space weapon have deepened those concerns. Last year, Putin deployed tactical nuclear weapons to neighboring ally Belarus, and former Russian president and deputy chairman of Russia’s Security Council Dmitry Medvedev said strategic nuclear weapons could be used to defend territories incorporated into Russia from Ukraine.
Persons: Vassily Nebenzia, Joe Biden, Linda Thomas, Greenfield, Beijing “, , Vladimir Putin, Putin, Dmitry Medvedev Organizations: CNN, Wednesday, United Nations, UN, Russia’s Locations: Russia, Moscow, Russian, Japan, Beijing, China, Ukraine, Belarus
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Ron Baron: Expect Tesla's stock to go up 'huge' nowRon Baron, Baron Capital chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, Baron's Tesla investment, Elon Musk's leadership, Tesla's robotaxi ambitions and road ahead, EV demand, Baron's SpaceX investment, why he still hasn't bought into bitcoin, and more.
Persons: Ron Baron, Baron, Elon Musk's, Tesla's, hasn't Organizations: Baron Capital, Elon, EV, SpaceX Locations: bitcoin
Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe had to take a major haircut along with the rest of the industry as soaring inflation and rising interest rates, starting in 2022, pushed investors out of the riskiest assets, lifted borrowing costs and and forced startups to tighten their belts. "Valuations are a product of interest rates," Collison said. While many tech companies took a hit in 2022 and 2023, Collison said the rising interest rate environment succeeded in flushing out the "wackiest" startup ideas, leaving the best ones to get funded. He pointed to an "overfunding" of marginally good ideas, and "zombie companies" taking too long to go bust.
Persons: John Collison, Collison, Patrick, Elon, We're, Jerome Powell Organizations: CNBC, SpaceX, Wall Street Journal, Federal Locations: Silicon Valley
This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.
Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla
NASA and Nokia are taking 4G into space
  + stars: | 2024-04-24 | by ( Jack Bantock | ) edition.cnn.com   time to read: +5 min
That’s the shared vision of NASA and Nokia, who have partnered to set up a cellular network on the Moon to help lay the building blocks for long-term human presence on other planets. A SpaceX rocket is due to launch this year — the exact date has yet to be confirmed — carrying a simple 4G network to the Moon. The 4G network unit is being built by Nokia’s Bell Labs using a range of off-the-shelf commercial components. Images of ice — transmitted back to the lander and then Earth in near real-time via the cellular network — would be a world-first. NASA selected Bell Labs as part of its Tipping Point initiative, a series of partnerships with companies to develop technologies for future missions that puts them in prime position for key roles in the future space economy.
Persons: ” Walt Engelund, Shackleton, Engelund, Artemis —, , ” Thierry Klein, ” Klein Organizations: CNN, NASA, Nokia, SpaceX, Technology, Nokia’s Bell Labs, Nokia Bell Labs, Bell Labs, US Defense, Research Projects Agency, DARPA, Bell Labs Solutions Research, Nokia Bell
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