A SpaceX Falcon 9 rocket was successfully launched from Vandenberg Space Force Base in Santa Barbara County, California, on April 1, 2024. The launch, delayed by four days, took place at 7:30 PM and provided residents of Southern California with a spectacular light show at sunset. The rocket carried 22 Starlink satellites into low Earth orbit.
Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its Starlink business unit, and bringing the Starship rocket online, to become cash flow positive. While the comprehensive balance sheets are five years old, they provide an intimate look inside the operations of arguably one of the most important, and secretive, private companies in the U.S. And they help shed light on what the company spent money on, and how much, as SpaceX grew itself from an unprofitable $2 billion in revenue to, reportedly, $9 billion for 2023 with a projected $15 billion in 2024 and $3 billion in earnings, sources familiar told Bloomberg in November. 2018 and 2019 were pivotal years for the company: In February 2018, SpaceX launched its Falcon Heavy rocket for the first time; the following March, the company nailed a pivotal flight test of its crew Dragon capsule, but exploded that same capsule a month later during ground testing.
Starlink internet terminals are reportedly being widely used in Ukraine by Russian forces. There’s a thriving black market for the devices which stretches beyond Ukraine into Sudan.
Donald Trump's agenda includes a range of policies that could create new inflation pressures in the years ahead. The emerging debate among economists is exactly what those price effects would be.
Blockchain startups were red-hot when Katie Haun left Andreessen Horowitz in 2021 to launch her own crypto-focused venture firm. Despite having a massive arsenal of dry powder, Haun Ventures didn't rush to scoop up stakes in crypto and web3 on the cheap, and many observers wondered when the firm would pick up its deployment pace. While Haun Ventures says it wasn't exactly sitting on its hands (and capital) through crypto's downturn, the firm was perhaps more cautious than it initially intended.
Mars exploration has always been the exclusive purview of national space agencies, but NASA is trying to change that, awarding a dozen research tasks to private companies as a prelude to commercial support for future missions to the Red Planet. It's the second time in a month that the agency has shown its desire for commercial support in Mars missions, having more or less scrapped the original Mars Sample Return mission in favor of a to-be-determined alternative, likely by private space companies. A total of nine companies were selected to perform 12 "concept studies" on how they could provide Mars-related services, from payload delivery to planetary imaging to communications relays.
You can save a lot of money when you fly Delta Air Lines with these co-branded cards. Here’s how to choose between the Delta Platinum and Delta Reserve before your next trip.
We sometimes think of the widespread use of gloves as the innovation that civilized boxing. In reality, it’s more like the gloves are what gave it the veneer of respectability it needed in order for people to start making real money off the sport.