The company didn’t immediately say what went wrong. SpaceX’s stock plunged more than 4% in after-hours trading before paring losses.
Most space-hardware startups raise money because they are burning it. SWISSto12 raised $70m while turning a profit, an unusual thing in the satellite business. The Swiss company closed the €61m round days after ESA member states put $84.8m into its Hum…
The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
Amazon Leo will launch satellite internet in South Africa in 2027, seemingly beating Elon Musk’s Starlink in his home country. Musk has refused the Black-ownership rules Amazon appears willing to meet. Jeff Bezos is about to beat Elon Musk in Musk’s ow…
Someone has to bundle all the wires that go into rockets, missiles, and satellites.
SpaceX’s latest residential dish – the Starlink V5 – is now available in “select areas.” It’s notably smaller and lighter than the V4 dish with improved power efficiency. It’ll be available in more places as SpaceX ramps up production to meet global demand. The company notes that Starlink V5 is not intended for in-motion use […]
Reflect Orbital has been given the green light to launch its first space mirror that aims to redirect sunlight down to Earth at night. The US Federal Communications Commission (FCC) has authorized the California-based startup to build and operate a single prototype satellite in low-Earth orbit later this year, despite concerns over how the technology […]
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.”
This will be the first Starship test flight for SpaceX as a public company, testing the market’s appetite for the company’s “fly, fail, fix” approach to rocket development, which often ends in fireballs.
China became the only other entity to recover an orbital rocket booster, but used a cable net on a ship instead of landing legs.