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President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters, two weeks after the record-setting IPO of Elon Musk’s company. It’s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of…
Japan is pouring billions of dollars into its burgeoning space industry and easing restrictions on defense exports, efforts designed to build a homegrown aerospace sector filled with domestic startups that have a global reach. Letara, a Sapporo-based startup developing hybrid propulsion systems for spacecraft, is looking to capitalize on that push. After focusing on hybrid…
High above the Earth, a new generation of robots designed to keep satellites working longer is replacing its predecessor — quite literally. This week, a spacecraft built and operated by Northrop Grumman called a Mission Extension Vehicle (MEV) unplugged from a communications satellite operated by the Australian firm Optus. For more than a year, the…
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…
SpaceX doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google, the company revealed in its first quarterly earnings since going public. Total sales grew from $4 billion in the second quarter…
SpaceX successfully deployed the first third-generation Starlink satellites on Friday using an upgraded version of its prototype Starship — the 13th test flight of its mega-rocket to date. But the company suffered another failure with its Super Heavy booster during a planned simulated landing in the Gulf of Mexico. It’s the second time the company…
Nvidia’s effort to deploy its GPUs far and wide is aiming at a new target: the moon. Lunar Outpost, a startup building robotics for space infrastructure, announced on Thursday that its next moon rover will use Jetson chips to control its lidar system. When it does, it is likely to be the first GPU on…
SpaceX abruptly aborted the second attempted launch of its upgraded Starship rocket system on Thursday, just moments after the booster ignited at the company’s complex in South Texas. CEO Elon Musk said on his social media platform X that “[s]ome of the engines didn’t start, triggering an automatic launch abort” and that the company will…
Sam Altman and Elon Musk traded barbed social media posts over the weekend, drawing new attention to the gap between vision and reality for the space-compute business. Responding to Musk accusing him of being a scammer, Altman said, “homeboy you’re the one sellling [sic] public market investors on short-term space datacenters.” Setting aside “homeboy,” Altman…
The Federal Aviation Administration (FAA) has cleared SpaceX to fly Starship prototypes again, after the company identified the probable cause of the failure of the rocket system’s booster stage during a flight in May. SpaceX said over the weekend that the next flight of Starship could happen as soon as this Thursday, July 16. It…