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And the White House and Pentagon both know that. Mr. Musk, rather than apologize, has threatened lawsuits. But SpaceX is privately held, entirely controlled by Mr. Musk. (Tesla, his electric vehicle company, is publicly held.) And so far, while the White House has been outspoken, the Pentagon has been silent.

Persons: Musk, Lockheed Martin —, Tesla, ” Walter Isaacson, Musk’s, ”, Lockheed Martin Organizations: House, Pentagon, Raytheon, Boeing, Lockheed, IBM, Apple, Warner Bros, Twitter, SpaceX, Mr, White, U.S, United Launch Alliance Locations: United States

☆ SpaceX Starship’s second test flight ends in loss of megarocket
▼ + stars: | 2023-11-18 | by ( Michael Ryan | Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. And after months of rebuilding following an explosive initial launch in April, SpaceX made a second attempt at launching its deep-space rocket system Starship, but not all went according to plan. Defying gravitySpaceX's megarocket Starship launched for a second test flight from Starbase in Boca Chica, Texas on Saturday. The Wonder Theory team is taking some time off for Thanksgiving. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt.

Persons: CNN —, Jasmin Moghbeli, Eric Gay, “, ”, Marina Ascunce, Mertens, Anna Y.Q, Ho, James Webb, Ashley Strickland, Katie Hunt Organizations: CNN, NASA, SpaceX, US Department of Agriculture, Caltech, Cornell University’s College of Arts and Sciences, Telescope, CNN Space, Science Locations: Starbase, Boca Chica , Texas, of Mexico, Americas, Africa, South Africa, Iceland, Grindavík, Japan’s Iwo Jima

☆ Investing in Space: Deutsche Bank draws investors, companies for NYC for summit
▼ + stars: | 2023-11-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Yesterday Deutsche Bank held a Space Summit conference here in New York City. Investors want to invest in space, but investors understand that this is a long investment cycle," Lohiya said. In general, the space sector is "much more rationalized" than bubble times of two or three years ago, Lohiya noted. Lohiya said the space sector is different than other fast-growing American industries, such as electric vehicles, clean energy or fintech. There's no doubt of a liquidity crunch that reaches beyond the space sector.

Persons: CNBC's Michael Sheetz, I've, Lohiya, There's Organizations: Deutsche Bank, CNBC, Rocket Lab, Deutsche, Investment Banking, Space Locations: New York City, New York

☆ Ron Baron's firm has had 31 different stocks deliver 1,000% returns over the last 40 years. He shares why he's now placing massive bets on 2 companies.
▼ + stars: | 2023-11-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Baron, who founded Baron Funds in 1982, says he's found success over the years by taking a long-only approach and refusing to sell shares of companies he believes in. And over the last 10 years, both the Baron Partners Fund (BPTRX) and the Baron Focused Growth Fund (BFGFX) have beaten 99% of similar funds, according to Morningstar. Baron co-manages both funds, with his son Michael co-managing the Partners Fund and his son David co-managing the Focused Growth Fund. SpaceX is not publicly traded, but funds like the ARK Space Exploration & Innovation ETF (ARKX) and the two Baron funds mentioned above offer exposure to it. For SpaceX, Baron told CNBC he believes the company will go public around 2027, and that it will double in price many times over.

Persons: Ron Baron, it's, Baron, he's, Morningstar, Michael, David, Tesla, Michael Baron, That's, Elon Musk Organizations: Funds, Baron Partners Fund, Partners Fund, Baron Investment Conference, SpaceX, Innovation, Partners, Elon Musk, Intel, Microsoft, GM, Ford, Barons, CNBC Locations: New York, Nevada

☆ Cosmic ‘Christmas tree’ dazzles in new image captured by Hubble and Webb
▼ + stars: | 2023-11-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

New details of the celestial feature have emerged in the colorful image, which unites the observational powers of Hubble Space Telescope in visible light and the James Webb Space Telescope in infrared light, which is invisible to the human eye. Hubble has long been used to search for faint, distant galaxies across different wavelengths of light. This cosmic effect occurs when closer objects — such as the galactic clusters — act like a magnifying glass for distant objects. The Webb and Hubble composite image includes "Mothra," a star system magnified by the galactic cluster pair as well as another unseen object. NASA/ESA/CSA/STScIThe team nicknamed the star system Mothra due to its extreme magnification and brightness.

Persons: James Webb, Hubble, Webb, ”, Rogier Windhorst, Windhorst, ” Windhorst, Haojing Yan, Yan, José Diego Organizations: CNN, Hubble, James Webb Space, Arizona State University’s School of Earth, Exploration, University of Missouri, Astrophysical Journal, NASA, ESA, CSA, Institute of Physics, Astrophysics Locations: Arizona, Japanese, Cantabria, Spain

☆ Investing in Space: The military doled out $6 billion for rocket launches — and it's not done yet
▼ + stars: | 2023-11-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. The orders are in and we now finally know how the Space Force's most recent block buy of rocket launches shook out: In the end, the military dished out over $5.6 billion in contracts to SpaceX and ULA for 48 launches. The folks over at Space Force's Space Systems Command shared with me the full breakdown of the National Security Space Launch (NSSL) Phase 2 contract awards. In total, Space Force assigned United Launch Alliance (ULA) with 26 missions worth $3.1 billion, while SpaceX got 22 missions worth $2.5 billion. One important thing to keep in mind: This discussion is entirely about ordering launches, not actually launching the rockets themselves.

Persons: CNBC's Michael Sheetz, SSC's, Doug Pentecost, ramped, Pentecost, it's, I've, we've Organizations: SpaceX, Space Force, Systems Command, National Security, United Launch, DOD, Space, SSC Locations: ULA, U.S

☆ Shakespeare's portrait sent to edge of space to mark 400 years of 'First Folio'
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

William Shakespeare's First Folio on display at Christies in London, April 24, 2023. Shakespeare's First Folio was compiled by his friends and published on Nov. 8, 1623, seven years after his death. Some 750 copies are believed to have been printed, containing 36 of the 37 plays Shakespeare wrote, arranged for the first time as comedies, tragedies and histories. "A tiny copy of the speech we used, which is 'The Lovers and Madmen' speech from 'Midsummer Night's Dream', (was) inserted into the portrait," Jewers told Reuters. "The Stranger's Case" features a speech Shakespeare contributed to an unperformed play alongside footage of refugees at sea.

Persons: William Shakespeare's, Anna Gordon, William Shakespeare, Shakespeare, Jack Jewers, Tom Baker, Jewers, Will Tosh, Marie, Louise Gumuchian, Nick Macfie Organizations: REUTERS, Reuters, Shakespeare's Globe, Thomson Locations: London, Ukraine

☆ Befouling the Final Frontier
▼ + stars: | 2023-11-05 | by ( Jaime Green | ) www.nytimes.com time to read: +3 min

Idealists may cringe, and not only because the video begins with ‘‘Space, the final frontier,’’ a phrase that already belongs to someone. will soon sport a commercial module; and the seeds of space tourism seem finally ready to sprout. Deloitte projects a possible $312-billion-a-year economy in low Earth orbit by 2035. was launched, in 1998, there were about 600 satellites in orbit, a bit more than 200 of which were circling in low Earth orbit. In the 1990s, in fact, with the end of the Cold War, the number of satellites in LEO dropped for a bit.

Persons: ‘, ‘ ‘ Organizations: Deloitte, NASA, Sputnik, Hubble Locations: United States

☆ An ad I wrote ended up on billboards all over New York City—I got paid less than you think
▼ + stars: | 2023-11-05 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

In 2016, I was a very broke writer living in New York, mostly stitching together a living through side hustles. When I reached out to RSR about forthcoming work, they told me they were working with Manhattan-based storage space company Manhattan Mini Storage on a series of billboards. They wanted quippy slogans connecting outer space and storage space. The turnaround time was so quick and I needed to keep making money — ideally more than $45 at a time. At that point, I had picked up a summer babysitting gig and was walking toward the subway on Manhattan's West Side Highway when I noticed a billboard from Manhattan Mini Storage.

Persons: We've, Einstein, Hillary Organizations: MTV News Locations: New York, Side, Manhattan, Tribeca, ., New Yorker

☆ Did the same collision that formed the moon create mysterious blobs inside Earth?
▼ + stars: | 2023-11-03 | by ( Jackie Wattles | ) edition.cnn.com time to read: +7 min

The theory, called the giant-impact hypothesis, explains many fundamental features of the moon and Earth. And many scientists assumed any debris Theia left behind on Earth was blended in the fiery cauldron of our planet’s interior. They were already aware that there are two massive, distinct blobs that are embedded deep within the Earth. That’s when he learned new details about Theia, the mysterious projectile that presumably struck Earth billions of years ago. And, as a trained geophysicist, he knew of those mysterious blobs hidden in Earth’s mantle.

Persons: Qian Yuan, Yuan, ” Yuan, Hernán, ”, Steve Desch, it’s, wouldn’t, Desch, “, Dr, Seth Jacobson, —, Jacobson, Theia, ” Jacobson Organizations: CNN —, California Institute of Technology, Arizona State University, Arizona State’s School of Earth, Exploration, Arizona State, Caltech, NASA’s Ames Research Center, Michigan State University Locations: Africa, Arizona, Shanghai

☆ Jeff Bezos is leaving Seattle for Miami
▼ + stars: | 2023-11-03 | by ( Michael Nam | Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Jeff Bezos is leaving the city where it all began for him. The Amazon founder announced on Instagram that he’s relocating from Seattle, where he has lived since 1994, to Miami. He explained that his parents recently moved back to Florida, where he and his family lived when he was younger, and that he wants to be closer to them. “I’ve lived in Seattle longer than I’ve lived anywhere else and have so many amazing memories here,” Bezos wrote. “I want to be close to my parents, and Lauren and I love Miami,” Bezos added, noting his fiancée Lauren Sánchez, who works closely with him on philanthropic projects.

Persons: Jeff Bezos, “ I’ve, I’ve, ” Bezos, Bezos, “, Lauren, Miami, Lauren Sánchez, “ We’re, ” Sánchez, Carl Icahn, Tom Brady Organizations: New, New York CNN, Amazon, Origin, CNN, Bloomberg, “, NFL, Washington’s Locations: New York, Seattle, Miami, Florida, Bellevue , Washington, Cape Canaveral, ”, Biscayne Bay

☆ Elon Musk says there's a 'not zero' chance of AI being a force for bad
▼ + stars: | 2023-11-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Elon Musk thinks AI would most likely be a force for good — but there's a 20% chance the tech could go bad. AdvertisementAdvertisementElon Musk thinks AI can mostly do positive things for humankind — but he is also saying there's a non-zero chance of the tech being a force for bad. "AI will be a force for good most likely," Musk said in a discussion with British Prime Minister Rishi Sunak on Thursday. Musk — the wealthiest person on the planet with an estimated fortune of $208 billion — thinks AI is likely to be 80% good and 20% bad. The billionaire, who cofounded OpenAI, the company behind ChatGPT chatbot, launched xAI, a new AI company, in July.

Persons: Elon Musk, Sunak, —, Elon, Musk, Rishi Sunak, OpenAI, ChatGPT chatbot Organizations: Service, British, SpaceX

☆ Investing in Space: Regulatory hold up keeps Varda spacecraft stuck in orbit
▼ + stars: | 2023-11-02 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. There's a small spacecraft zipping around Earth right now, but, unlike most satellites in orbit, it wants to come down. The launch went great, the spacecraft has been healthy, drugs were made, but the necessary license for capsule reentry has not been granted. That may make sense for launch but it's a bit more difficult for reentry," Asparouhov said. How the stratosphere reacts to a reentry capsule in September is very different than February, which is very different than June."

Persons: CNBC's Michael Sheetz, it's, Varda —, Delian Asparouhov, Varda's, Varda, Asparouhov, " Varda Organizations: Air Force's Utah, Federal Aviation, Air Force, FAA Locations: Varda, Australia, Utah

☆ Europe's space agency boss sees progress on Ariane 6 launcher
▼ + stars: | 2023-10-31 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Director-General of the European Space Agency (ESA) Josef Aschbacher smiles as he attends an interview with Reuters during the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2023. Josef Aschbacher, director general of the European Space Agency (ESA), said a more precise 2024 launch period would be defined following a delayed long-duration firing test due on Nov. 23. Aschbacher declined to comment on the state of negotiations ahead of the Seville "Space Summit", which is also due to address climate change and Europe's ambitions in space exploration. This is something that is highly critical for Europe," Aschbacher said. But in Europe's system of horse-trading for space funding, any agreement on exploration is likely to depend on progress on the critical issue of Ariane 6 funding, the people said.

Persons: Josef Aschbacher, Arnd, Aschbacher, Safran, Anders Fogh Rasmussen, Tim Hepher, Mark Potter Organizations: European Space Agency, ESA, Reuters, Economic, REUTERS, Rights, Elon, SpaceX, Russian Soyuz, Airbus, NATO, Thomson Locations: Davos, Switzerland, Seville, Spain, France, Germany, Italy, Russian, East, Ukraine, Europe, India, China, United States, Russia

☆ Putin aims to have Russian space station by 2027
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Sputnik/Sergei Bobylev/Pool via REUTERS Acquire Licensing RightsOct 26 (Reuters) - President Vladimir Putin said on Thursday the first segment of Russia's new orbital station, which Moscow sees as the next logical development in space exploration after the International Space Station (ISS), should be put into operation by 2027. "As the resources of the International Space Station run out, we need not just one segment, but the entire station to be brought into service," Putin was quoted as saying of the new Russian orbital station. Yuri Borisov, head of the Russian space agency, Roscosmos, endorsed Putin's position as a means of maintaining the country's capabilities in manned space flight. "If we don't start large-scale work on creating a Russian orbital station in 2024 it is quite likely that we will lose our capability because of the time gap. What I mean is the ISS will no longer be there and the Russian station won't be ready."

Persons: Vladimir Putin, Yuri Borisov, Sergei Bobylev, Putin, Putin's, Luna, Borisov, Ron Popeski, Sonali Paul Organizations: Space Corporation, Energia, Sputnik, REUTERS Acquire, Space, International, Russian, Thomson Locations: Korolyov, Moscow, Russia, Russian

☆ Investing in Space: How the Pentagon sizes up China’s military strength in space
▼ + stars: | 2023-10-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Coming in at a whopping 212 pages, the document represents the latest in-depth, albeit unclassified, view of China's military ambitions. The Pentagon highlighted that the space capabilities of the Chinese military, or PLA, are continuing to "mature rapidly" thanks to "significant economic and political resources to growing all aspects of its space program." China's PLA has a "Strategic Support Force," or SSF, under which is the "Space Systems Department", or SSD, that leads its military space operations. The Pentagon emphasized that most of those Chinese satellites can "support monitoring, tracking, and targeting of U.S. and allied forces worldwide, especially throughout the Indo-Pacific region."

Persons: CNBC's Michael Sheetz, landers, it's, Richard DalBello, China isn't Organizations: Taiyuan Satellite, CNBC's, Pentagon, PLA, Force, Systems Department, U.S, China, GPS, NASA Locations: Taiyuan, Shanxi Province, United States, Xi's, China, Namibia, Pakistan, Argentina, Kenya, U.S, Baku

JIUQUAN SATELLITE LAUNCH CENTER, China (AP) — China launched its youngest-ever crew for its orbiting space station on Thursday as it seeks to put astronauts on the moon before 2030. Tang is a veteran who led a 2021 space mission for three months. It built its own space station after it was excluded from the International Space Station, largely due to U.S. concerns over the control of the program by the People’s Liberation Army, the military branch of the ruling Communist Party. China’s first manned space mission in 2003 made it the third country after the former Soviet Union and the U.S. to put a person into space using its own resources. ___Associated Press video producer Caroline Chen at the Jiuquan Satellite Launch Center and journalist Kanis Leung in Hong Kong contributed to this report.

Persons: Tang Hongbo, Tang Shengjie, Jiang Xinlin, Tang, Caroline Chen, Kanis Leung Organizations: —, China Manned Space Agency, CCTV, U.S, International, Station, People’s Liberation Army, Communist Party, Soviet Union, SpaceX, Associated Press, Center Locations: China, — China, Beijing, U.S, Hong Kong

☆ Putin Aims to Have Russian Space Station by 2027
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

(Reuters) - President Vladimir Putin said on Thursday the first segment of Russia's new orbital station, which Moscow sees as the next logical development in space exploration after the International Space Station (ISS), should be put into operation by 2027. "As the resources of the International Space Station run out, we need not just one segment, but the entire station to be brought into service," Putin was quoted as saying of the new Russian orbital station. Yuri Borisov, head of the Russian space agency, Roscosmos, endorsed Putin's position as a means of maintaining the country's capabilities in manned space flight. "If we don't start large-scale work on creating a Russian orbital station in 2024 it is quite likely that we will lose our capability because of the time gap. What I mean is the ISS will no longer be there and the Russian station won't be ready.

Persons: Vladimir Putin, Putin, Yuri Borisov, Putin's, Luna, Borisov, Ron Popeski, Sonali Paul Organizations: Reuters, Space, International, Russian Locations: Moscow, Russian

TAIPEI, Taiwan (AP) — China announced plans on Wednesday to send a new telescope to probe deep into the universe as it prepared to launch the country’s next, three-member crew for its orbiting space station. The telescope, dubbed Xuntian, will be installed by China's Tiangong space station and will co-orbit with it, according to a statement from Lin Xiqiang, spokesperson and deputy director general of the Chinese Manned Space Agency. Tang is a veteran who led a 2021 space mission for three months. China built its own space station after it was excluded from the International Space Station, largely due to U.S. concerns over the control of the program by the People’s Liberation Army, the military branch of the ruling Communist Party. China’s first manned space mission in 2003 made it the third country after the former Soviet Union and the U.S. to put a person into space using its own resources.

Persons: Lin Xiqiang, — Tang Hongbo, Tang Shengjie, Jiang Xinlin —, Tang Organizations: —, Manned Space Agency, CCTV, International, Station, People’s Liberation Army, Communist Party, Soviet Union, SpaceX, Xinhua News Agency Locations: TAIPEI, Taiwan, — China, China, United States, Europe, Southeast Asia, South America, U.S

☆ Rock collected by Apollo 17 astronaut in 1972 reveals moon's age
▼ + stars: | 2023-10-23 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

[1/4] The crescent Earth rises above the lunar horizon in this undated NASA handout photograph taken from the Apollo 17 spacecraft in lunar orbit during the final lunar landing mission in the Apollo program in 1972. A half century later, crystals of the mineral zircon inside a coarse-grained igneous rock fragment collected by Schmitt are giving scientists a deeper understanding about the moon's formation and the precise age of Earth's celestial partner. This blasted magma - molten rock - into space, forming a debris disk that orbited Earth and coalesced into the moon. "I love the fact that this study was done on a sample that was collected and brought to Earth 51 years ago. "Interestingly, all the oldest minerals found on Earth, Mars and the moon are zircon crystals.

Persons: Harrison Schmitt, Eugene Cernan, Schmitt, wouldn't, cosmochemist Philipp Heck, Bidong Zhang, Heck, Zhang, Jennika Greer, Will Dunham, Lisa Shumaker Organizations: NASA, REUTERS, Rights, Field Museum, University of Chicago, UCLA, Space Center, University of Glasgow, Thomson Locations: Chicago, Houston, Scotland

☆ Rock Collected by Apollo 17 Astronaut in 1972 Reveals Moon's Age
▼ + stars: | 2023-10-23 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

A half century later, crystals of the mineral zircon inside a coarse-grained igneous rock fragment collected by Schmitt are giving scientists a deeper understanding about the moon's formation and the precise age of Earth's celestial partner. This blasted magma - molten rock - into space, forming a debris disk that orbited Earth and coalesced into the moon. "I love the fact that this study was done on a sample that was collected and brought to Earth 51 years ago. "Interestingly, all the oldest minerals found on Earth, Mars and the moon are zircon crystals. The new study used atom probe tomography to determine there were no complications involving the lead atoms, confirming the age of the crystals.

Persons: Will Dunham WASHINGTON, Harrison Schmitt, Eugene Cernan, Schmitt, wouldn't, cosmochemist Philipp Heck, Bidong Zhang, Heck, Zhang, Jennika Greer, Will Dunham, Lisa Shumaker Organizations: Field Museum, University of Chicago, UCLA, Space Center, University of Glasgow, NASA Locations: Chicago, Houston, Scotland

☆ For Annie Leibovitz, an Opportunity to Work and Build on the Past
▼ + stars: | 2023-10-20 | by ( Laurel Graeber | ) www.nytimes.com time to read: +1 min

This article is part of the Fine Arts & Exhibits special section on the art world’s expanded view of what art is and who can make it. Annie Leibovitz often says she is obsessed. It requires drive, she said, and “you have to be obsessed.”All of these passions — and more — appear in “Annie Leibovitz at Work,” a show of about 300 photographs at the Crystal Bridges Museum of American Art in Bentonville, Ark. The exhibition, which runs through Jan. 29 before traveling to other museums, is unlike any Ms. Leibovitz, 74, has ever done. When Ms. Walton suggested that Ms. Leibovitz might want to exhibit at the museum as well, Ms. Leibovitz replied that she was more interested in making new work than in displaying what she had already done.

Persons: Annie Leibovitz, Abraham Lincoln, ”, Leibovitz, Alice L, Walton, Sam Walton Organizations: Fine Arts, Gettysburg, Crystal Bridges Museum of American Art Locations: Bentonville, Ark, Jan

☆ Investing in Space: On satellites, the invisible backbone of global industry
▼ + stars: | 2023-10-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a "more balanced demand environment" emerges. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. GPS, geospatial intelligence and satellite communications are the invisible backbone that powers the world's largest industries today." That's the core of Space Capital managing partner Chad Anderson's pitch to new investors about the value of the space industry – and I think the "invisible backbone" element serves as an important reminder. Satellites have been, are, and will continue to be a critical backbone of the world's industries – even if we don't notice.

Persons: CNBC's Michael Sheetz, Chad Anderson's, David Sherry, Sherry, Starlink, We've, Lloyd Organizations: Shipping, Maersk, Space Capital, Starlink, Mitsui, Eastern Pacific Shipping, Polembros Shipping Locations: Danish, Mitsui O.S.K

☆ NASA launches a spacecraft to visit Psyche, an unseen metal world
▼ + stars: | 2023-10-13 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

The Psyche mission lifted off at 10:19 a.m. The Psyche mission lifted off Friday morning. “This will be our first time visiting a world that has a metal surface. The Psyche spacecraft will arrive at Mars in May 2026 and use the planet’s gravity to effectively slingshot its trajectory to Psyche. Psyche may have little metal spikes, spires and even tiny pieces that resemble a type of metal sand within the crater, said Elkins-Tanton.

Persons: NASA’s, Chandan Khanna, David Oh, ”, Lindy Elkins, Tanton, ” Elkins, “, Joe Skipper, Henry Stone, Oh, Elkins, Ben Weiss, Psyche, Weiss, It’s, “ It’s Organizations: CNN, NASA, SpaceX, NASA’s Kennedy Space Center, Falcon, Getty, Jet Propulsion Laboratory, Arizona State University’s School of Earth, Exploration, JPL, Caltech, ASU Scientists, Hubble, Reuters, Cape Canaveral Space Force, Mars, Optical Communications, Massachusetts Institute of Technology Locations: Florida, Pasadena , California, Massachusetts, Cape Cod, California, Elkins, Tanton

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

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