Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call

Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call

Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s to come now that his rocket-launching, compute-leasing, satellite-based telecom is public. The conference call, held Tuesday, was the…

Read More
TechCrunch Mobility: A robotaxi ultimatum

TechCrunch Mobility: A robotaxi ultimatum

Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I am back from vacation. What did I miss? Turns out, quite a lot — including…

Read More
China is catching up to Elon Musk’s reusable rockets

China is catching up to Elon Musk’s reusable rockets

China’s state-owned space company successfully launched a Long March orbital rocket and landed the booster on a seagoing recovery vessel, making it the second country to achieve the feat. The demonstration on Friday shows that China’s Aerospace Science and Technology Corporation (CASC) is poised to match the advance that catapulted SpaceX to the top of…

Read More
Despite ‘misgivings,’ judge approves Elon Musk’s .5M SEC settlement

Despite ‘misgivings,’ judge approves Elon Musk’s $1.5M SEC settlement

A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District Judge Sparkle Sooknanan noted that her court would accept the settlement, Bloomberg reported Wednesday, which cited her court opinion. Sooknanan’s approval settles a lawsuit filed by…

Read More