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☆ Billionaires going to space aim to industrialize the moon, asteroids, and Mars. It's time to set some ground rules.
▼ + stars: | 2024-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Read previewThe space business is in bloom and, so far, it's largely unregulated. Other space startups have ambitions including asteroid mining, in vitro fertilization (IVF) in space, and space hotels. As space startups and billionaires vie for a foothold on the moon and beyond, experts say governments probably need to start setting some ground rules. Seven of the world's 10 biggest commercial space operators are based in the US, according to the Organisation for Economic Co-operation and Development. AdvertisementIn another vein, last year Florida passed a bill to protect space companies and their owners from getting sued over spaceflight passenger death or injury.

Persons: —, Jeff Bezos's, Elon Musk, Bezos, NASA What's, George Nield, Galileo, Joel Kearns, Richard Branson, Galactic's, Lyndon B, Johnson, Jeff Bezos, Joe Raedle, Michelle Hanlon, Jared Isaacman, William Shatner, Hanlon Organizations: Service, NASA, Houston, SpaceX, Business, Northeastern University, Federal Aviation Administration's, Space Transportation, JPL, FAA, Virgin Galactic, Virgin, Getty, Artemis Accords, Hague Institute, Global Justice, Washington, Companies, Shepard, Center for Air, Space, University of Mississippi School of Law, titans, US International Trade Commission, Organisation for Economic Co, Federal Communications Locations: Mars, Russia, China, Blue, Florida

☆ SpaceX says it plans to sell satellite laser links commercially
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +1 min

SpaceX President and Chief Operating Officer Gwynne Shotwell introduces the first four NASA astronauts assigned to fly on board the Crew Dragon SpaceX spacecraft at SpaceX headquarters in Hawthorne, California, U.S. August 13, 2018. SpaceX has started selling satellite lasers, which are used for speedy in-space communications, to other satellite firms, company President Gwynne Shotwell said at a conference on Tuesday. Shotwell, speaking on a panel at the Satellite industry conference in Washington, said SpaceX as a supplier will sell that technology to other companies. Space companies have opted to sell spacecraft components to diversify revenue and shore up cash to fund bigger capital-intensive projects. "We generally don't sell components, so this is a little bit of a new thing for us," Shotwell told Reuters after the panel discussion.

Persons: Gwynne Shotwell, Shotwell Organizations: SpaceX, NASA, Satellite, Polaris, Reuters Locations: Hawthorne , California, U.S, SpaceX's, Washington

☆ China's military, state media slam U.S. after report on SpaceX spy satellites
▼ + stars: | 2024-03-19 | by ( ) www.cnbc.com time to read: +1 min

Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk's SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. A social media account run by the People's Liberation Army, or PLA, said the SpaceX program exposed the United States' "shamelessness and double standards" as Washington accuses Chinese tech companies of threatening U.S. security. "We urge U.S. companies to not help a villain do evil," Junzhengping, an account run by the PLA, posted on social media platform Weibo on Sunday. Wang Yanan, chief editor of Aerospace Knowledge, a magazine overseen by the ruling Communist Party, was quoted in an interview as saying the SpaceX satellite project posed "a challenge to global security and stability".

Persons: Elon, SpaceX's, Wang Yanan Organizations: Reuters, SpaceX, National Reconnaissance Office, NRO, People's Liberation Army, PLA, U.S ., Aerospace, Communist Party Locations: United States, Washington, U.S, Weibo

☆ 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

☆ Musk's SpaceX is building spy satellite network for U.S. intelligence agency, sources told Reuters
▼ + stars: | 2024-03-16 | by ( ) www.cnbc.com time to read: +7 min

SpaceX is building a network of hundreds of spy satellites under a classified contract with a U.S. intelligence agency, five sources familiar with the program said, demonstrating deepening ties between billionaire entrepreneur Elon Musk's space company and national security agencies. The network is being built by SpaceX's Starshield business unit under a $1.8 billion contract signed in 2021 with the National Reconnaissance Office (NRO), an intelligence agency that manages spy satellites, the sources said. SpaceX, the world's largest satellite operator, did not respond to several requests for comment about the contract, its role in it and details on satellite launches. The satellites can track targets on the ground and share that data with U.S. intelligence and military officials, the sources said. The spy satellites will house sensors provided by another company, three of the sources said.

Persons: Jared Isaacman, Elon, SpaceX's, Biden, Tesla Organizations: SpaceX, National Reconnaissance Office, Street, NRO, Reuters, Pentagon, ., U.S ., U.S, U.S . Space Force, CIA Locations: Starbase, Boca Chica , Texas, Ukraine, U.S, Starlink, Russia, China

☆ SpaceX inked $1.8 billion deal with US intelligence agency to create a network of spy satellites, report says
▼ + stars: | 2024-03-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

SpaceX's national security ties are deeper than previously known, a new Reuters report revealed. The astronautics company inked a $1.8 billion deal in 2021 with a US intelligence agency. Under the contract terms, SpaceX will build a network of spy satellites, the outlet reported. AdvertisementSpaceX's substantial ties to US national security are deeper than previously known, according to a new Reuters report. The astronautics company inked a $1.8 billion deal in 2021 with an American intelligence agency to create a network of spy satellites, the outlet reported, citing five sources familiar with the terms of the program.

Persons: — Organizations: Reuters, astronautics, SpaceX, Service, National Reconnaissance Office, Business Locations: American

☆ 17 crucial upgrades helped SpaceX finally get Starship to space without exploding
▼ + stars: | 2024-03-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.

Persons: —, we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas

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

☆ Elon Musk was nowhere to be seen at Starship's first successful launch to orbit
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +3 min

Elon Musk finally achieved Starship's first successful flight to orbit early Thursday morning. Musk was seen in the launch control room at both previous launches, making his latest absence unusual. AdvertisementElon Musk was nowhere to be seen as SpaceX's Starship mega-rocket finally flew into orbit, cruised above Earth, and plummeted back through the atmosphere on Thursday. Elon Musk sat in the control room watching the first orbital launch of Starship, which exploded about four minutes after liftoff. Starship will make life multiplanetary pic.twitter.com/Ul7ksiAHBZ — Elon Musk (@elonmusk) March 14, 2024By all accounts, this successful launch was a dream come true for Musk.

Persons: Elon Musk, wasn't, Musk, —, Kimbal Musk, Elon, multiplanetary, Ul7ksiAHBZ — Elon Organizations: SpaceX, Service, X, SpaceX's South Texas launchpad, Twitter Locations: SpaceX's South Texas, New Jersey

☆ SpaceX will attempt its 3rd Starship launch today. Watch live to see if the rocket explodes again or finally reaches orbit.
▼ + stars: | 2024-03-14 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship, the world's largest rocket, may launch toward orbit on Thursday. AdvertisementWatching a rocket launch is a thrilling experience. Watching SpaceX's Starship, the world's largest rocket ever, is even more exciting. A screengrab from SpaceX's livestream on X shows SpaceX's Starship spacecraft and Super Heavy rocket on the launchpad. AdvertisementThis would be Starship's third attempt at orbit, launching atop its Super Heavy booster.

Persons: —, it'll, Starship's Organizations: Service, SpaceX, Super, NASA Locations: Australia

☆ 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

☆ SpaceX cleared to attempt third Starship launch Thursday after getting FAA license
▼ + stars: | 2024-03-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for a third launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on March 13, 2024. Elon Musk's SpaceX is preparing to launch its third Starship test flight as soon as Thursday morning after federal regulators signed off on the attempt. The Federal Aviation Administration on Wednesday issued SpaceX the launch license the company needed to fly its latest Starship prototype. SpaceX is targeting a launch window between 8 a.m. SpaceX and the FAA conducted an investigation into the November launch's problems, resulting in the company making changes to the monster rocket before the third attempt.

Persons: SpaceX's, Elon Organizations: Boca Chica, Elon Musk's SpaceX, Federal Aviation Administration, Wednesday, SpaceX, FAA, NASA Locations: Brownsville , Texas

☆ Larry Ellison and Elon Musk teaming up to bring AI to farming
▼ + stars: | 2024-03-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Larry Ellison announced the venture with Elon Musk on Oracle's earnings call on Monday. The tool will help farms plan, predict, and increase their agricultural output, Ellison said. AdvertisementElon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool. Larry Ellison said on Oracle's earnings call on Monday that it's collaborating with Musk and SpaceX to create the AI-powered mapping application for governments. "We're doing that again in concert with Elon Musk and SpaceX to do this kind of mapping," Ellison said, according to a transcript provided by Seeking Alpha.

Persons: Larry Ellison, Elon Musk, Ellison, —, Elon, Larry Ellison's Oracle, Musk, Tesla, SpaceX, John Deere, John Deere's, Jahmy Hindman, Oracle didn't Organizations: SpaceX, Oracle, Elon, Service, Alpha, Tesla, Business

☆ Will Starship explode again, or will it finally reach orbit? Watch the launch live and see for yourself.
▼ + stars: | 2024-03-13 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

SpaceX's Starship, the world's largest rocket, may launch toward orbit on Thursday. If Starship reaches orbit it will be a major spaceflight achievement. AdvertisementWatching a rocket launch is a thrilling experience. Watching SpaceX's Starship, the world's largest rocket ever, is even more exciting. Screenshot of SpaceX's Starship-Super Heavy rocket on launch pad.

Persons: —, SpaceX SpaceX's, Starship's Organizations: Service, SpaceX, Super, NASA Locations: Australia

☆ It looks like Elon Musk will help launch a new Ad Astra school on a former horse ranch in Texas this summer
▼ + stars: | 2024-03-11 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

A job listing indicates that a new Montessori Ad Astra school will open this summer. Musk cofounded Ad Astra in 2014. AdvertisementA job listing indicates that Elon Musk is planning to launch a new Ad Astra school in Texas. Musk cofounded Ad Astra in 2014 with Josh Dahn. Ad Astra appears to be partnering with Xplor Education, a firm that provides software for childcare operators, to form the new Montessori school.

Persons: Musk, —, Elon Musk, Josh Dahn, Dahn, it's, execs, didn't Organizations: Ad Astra, Astra, Service, Business, Xplor Education, Montessori, The New York Times, Maria Montessori Institute, The Boring, SpaceX, Times, Bel Air Locations: Texas, Boca Chica , Texas, Bastrop , Texas, Austin

☆ Lawmakers are demanding answers from SpaceX over claims that Starlink is being used in Russia
▼ + stars: | 2024-03-08 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Lawmakers are scrutinizing claims that SpaceX's Starlink service is being used in Russia. House Democrats questioned how the company was preventing the use of Starlink in the country. AdvertisementHouse Democrats are probing Elon Musk's SpaceX over accusations that Starlink is being used in Russia. Robert Garcia and Jamie Raskin also sent a letter to Musk's company demanding transparency over any potential purchases or usage of the satellite internet system in Russia. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, —, Elon, Robert Garcia, Jamie Raskin Organizations: Democrats, Service, SpaceX, Business Locations: Russia

☆ House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
▼ + stars: | 2024-03-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The congressmen also announced a probe of SpaceX by the Democratic House Committee into the company's safeguards and procedures for preventing illegal exports and use of its Starlink equipment and services. The Washington Post first reported on the probe and March 6 letter to SpaceX president and chief operating officer Gwynne Shotwell. In a statement on Thursday, the congressmen wrote, "Russia's use of Starlink satellite terminals would be in contravention of U.S. export controls that prohibit Russia from acquiring and utilizing U.S.-produced technology." The new probe by House Democrats follows news on Wednesday that a man in New Jersey was arrested on charges of allegedly trafficking 675 SpaceX Starlink terminals which were purchased with stolen credit card accounts or hacked Starlink billing accounts.

Persons: Robert Garcia, Jamie Raskin, Gwynne Shotwell, Elon Musk, Musk, Starlink, Walter Isaacson, —, Volodymyr Zelenskyy, GUR, Mike Gallagher, Gallagher Organizations: SpaceX, Democratic, Committee, Washington Post, Netflix, Directorate of Intelligence, Russian, Democrats, House, Department of Defense, CNBC, House Democrats, Police Locations: Ukraine, Warsaw, Poland, Russia, Crimea, Russian, Kyiv's, Ukrainian, Donetsk, House China, Taiwan, Starlink, New Jersey

☆ Silicon Valley moguls are weighing in on Elon Musk's battle with OpenAI and it's getting cattier than a 'Real Housewives' reunion
▼ + stars: | 2024-03-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his fellow billionaire tech bros are brawling over their differing views on OpenAI, and the back-and-forth is getting ugly. On Thursday, Elon Musk sued OpenAI and its CEO, Sam Altman. "Vinod doesn't know what he is talking about here," Musk wrote in a reply on X. "Vinod is lobbying to ban open source," Andreessen wrote on X.AdvertisementVinod is lobbying to ban open source. Representatives for Musk, Khosla, and Andreessen did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Elon Musk, OpenAI, Sam Altman, Altman, Musk, OpenAI didn't, Vinod Khosla, Khosla, Elon, Vinod doesn't, @OpenAI, Marc Andreessen, Vinod, Andreessen, D9ihtHEOiB, Marc Andreessen 🇺🇸 ( Organizations: Service, Microsoft, Business, xAI, Venture, Netscape Locations: OpenAI

☆ A dead Russian spacecraft almost collided with a NASA satellite. The crash could have sent 7,500 bits of debris rocketing around Earth.
▼ + stars: | 2024-03-01 | by ( Morgan Mcfall-Johnsen | Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

In the worst-case scenario, the collision would have ejected 7,500 bits of debris into low-Earth orbit. Satellite collisions are becoming more likely as the amount of space junk in low-Earth orbit grows. Even the tiniest debris can damage the space station and endanger astronauts, though no astronaut has lost their life due to space debris (yet). The race to clean up spaceThe consequences of space debris are very real, so much so, that the worst-case scenario has a name: Kessler syndrome. TransAstra's capture bags could help solve Earth's space debris problem.

Persons: —, LeoLabs, Darren McKnight, NASA ODPO, Kessler, Astroscale Organizations: Service, Space, NASA, European Space Agency, Federal Communications Commission, Dish Locations: Russia, India

☆ NASA may build giant telescopes on the moon in your lifetime. Check out the blueprints.
▼ + stars: | 2024-03-01 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +12 min

One moonshot plan would build a giant radio dish spanning an entire crater on the far side of the moon. An illustration of a conceptual radio telescope within a crater on the moon. Silk argues that lunar telescopes would open the door to a new era of major space discoveries. A satellite trail streaks in front of galaxies in this image from the Hubble Space Telescope. Any radio telescope on the moon's back end would pick up the pure emissions of the universe.

Persons: —, Vladimir Vustyansky, James Webb, Dallan Porter, Roger Angel, Joseph Silk, Jack Burns, Burns, That's, Stefica Nicol, Artemis, Ronald Polidan, FarView, Jack Burns Karan Jani, LILA, Fermilab LILA, Jani, NASA's James Webb, Temim, Webb, Angel, Chris Gunn, Nick Woolf, Angel Roger, Phil, Martin Elvis, Elvis Organizations: Service, NASA, Business, Vanderbilt Lunar Labs, Telescope, University of Arizona, American Astronomical Society, Payload, University of Colorado Boulder, Hubble Space, Hubble, ESA, Radio Telescope, REUTERS, NASA JPL, Caltech, Radio Science Investigations, Houston, Lunar Resources, Resources, Inc, Vanderbilt University, Fermilab, Telescopes, CSA, Princeton University, Engineers, James Webb Space, Industry, AP Locations: New Orleans, Australia

☆ FAA closes Starship investigation as SpaceX seeks license for next launch
▼ + stars: | 2024-02-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

The Federal Aviation Administration on Monday announced the close of its investigation alongside SpaceX into the second Starship flight, as Elon Musk's company seeks a license to launch the towering rocket again. SpaceX led an investigation that the FAA oversaw into the Nov. 18 launch of a Starship prototype that reached space before being intentionally destroyed due to a problem with the rocket. "Prior to the next launch, SpaceX must implement all corrective actions and receive a license. SpaceX, in a post on its website on Monday, identified some of the issues that cut the second Starship launch short. The 17 corrective actions following the second Starship flight also represent a marked improvement from the first, which required 63 corrective actions before the rocket launched again.

Persons: SpaceX's, Elon, —, Musk Organizations: Boca Chica, Federal Aviation Administration, Monday, SpaceX, FAA Locations: Brownsville , Texas

☆ Congressman presses Elon Musk to provide SpaceX satellite services for US defense forces in Taiwan, report says
▼ + stars: | 2024-02-25 | by ( John L. Dorman | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.

Persons: Elon Musk, Forbes, —, Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong

The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.

Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii

☆ Intuitive Machines stock has surged 300%. How Wall Street reads the moon-fueled rally
▼ + stars: | 2024-02-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +6 min

NASA TVMuch like Intuitive Machines' spacecraft, its stock has been flying to the moon the past week. Stock Chart Icon Stock chart icon Intuitive Machines stock trading around its IM-1 moon mission. Only a handful of Wall Street analysts cover the $1 billion space company. Along with Canaccord Genuity analyst Austin Moeller, Sullivan and Sheppard were unanimous in their reads that retail, not institutional, investors are driving the current Intuitive Machines' rally. Intuitive Machines and NASA leaders showcase a mockup of the company's Nova-C lunar lander during a presentation on May 31, 2019.

Persons: It's, We've, Cantor Fitzgerald's Andres Sheppard, Sheppard, Josh Sullivan, Canaccord, Austin Moeller, Sullivan, Aubrey Gemignani, NASA Canaccord's Moeller, they'll, Moeller Organizations: NASA, Wall, CNBC, Wall Street, FactSet, Payload Locations: Texas, U.S

☆ SpaceX SVP Tom Ochinero is leaving the company in a rare high-level departure
▼ + stars: | 2024-02-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. One of SpaceX's senior executives is leaving, CNBC has learned, in a rare high-level departure from Elon Musk's space company. Tom Ochinero, SpaceX senior vice president of commercial business, resigned on Monday, people familiar with the matter told CNBC. Ochinero, like many of SpaceX's dozen or so senior executives, has been with the company for more than a decade. He started his career at SpaceX as an engineer helping design the nosecone used on its Falcon 9 and Falcon Heavy rockets.

Persons: Tom Ochinero Organizations: SpaceX, Kennedy Space Center, CNBC Locations: Cape Canaveral , Florida, Elon

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