space

Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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Rocket Lab CEO Peter Beck has dramatically changed his tune on reusing rockets, a practice made increasingly popular by Elon Musk’s SpaceX. “I think anybody who’s not developing a reusable launch vehicle at this point in time is developing a dead-end product because it’s just so obvious that this is a fundamental approach that has
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Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning. “We’re smashing into an asteroid,” NASA’s Launch Services Program senior launch director Omar Baez said. The mission is known as the Double Asteroid Redirection Test (or DART). NASA is trying to learn how to
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The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, including the departure of two vice presidents. SpaceX vice president of propulsion Will Heltsley has left, multiple people familiar with the situation told CNBC, having been with the company since 2009. Lee Rosen, SpaceX vice president of mission and launch operations, left
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Space company Firefly is preparing for the second orbital launch attempt of its Alpha rocket, as the venture looks to build out the foundation of its business. “Firefly is aiming to be the next SpaceX, a very transformative space transportation company,” Firefly CEO Tom Markusic told CNBC. The company recently gave CNBC an inside look
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Canadian satellite communications company Telesat went public Friday on the Nasdaq, bringing another space pure-play stock to the market. The listing came following an exchange with Telesat’s shareholders, with the company effectively taking the place of formally public Loral Space & Communications. Telesat’s core growth project is the low Earth orbit broadband satellite network it’s
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German laser communications company Mynaric recently listed on the Nasdaq, and CEO Bulent Altan, a former SpaceX executive, spoke to CNBC about the company’s U.S. initial public offering. Mynaric makes optical communication terminals, a device which uses a laser to send data from one point to another. Satellite companies are the firm’s target customer base.
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Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, raised $1.4 billion in new capital. The company’s valuation jumped to $4.5 billion following the raise, with investors including General Atlantic, Coatue, and Moore Strategic Ventures, as well as the funds of private equity firms BlackRock and AE Industrial Partners. Sierra Space has two
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Jeff Bezos’ Blue Origin raised its offer to cover NASA costs of an astronaut lunar lander from $2 billion to “over $3 billion” as the company battled in federal court. The sweetened offer came as Bezos’ company fought NASA’s decision to solely award SpaceX with a $2.9 billion contract under the agency’s Human Landing System
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Elon Musk on Wednesday said SpaceX is “hoping” to launch the first orbital flight test of its mammoth Starship rocket in January, depending on testing and regulatory approval. Starship is the massive, next-generation rocket SpaceX is developing to launch cargo and people on missions to the moon and Mars. The company’s next major step in testing Starship
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The Russian military destroyed a defunct satellite on Monday, causing astronauts to shelter on the International Space Station as the debris cloud passed by. U.S. officials from the Pentagon, State Department and NASA condemned Russia’s anti-satellite weapon (or ASAT) test as “reckless” and “dangerous,” while U.S. Space Command confirmed that the test created more than
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Shares of payments processing company Shift4 surged in trading on Wednesday after the company announced a five-year partnership with SpaceX’s Starlink satellite internet service. “Starlink is a cornerstone, global client opening up opportunity throughout the globe by servicing the business globally, Shift4’s [total addressable market] expands in all the verticals we serve,” the company said.
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A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch, and Telesat are among those asking the FCC for access to what is known as V-band spectrum, a
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Maxar Technologies’ stock jumped on Thursday after reporting third-quarter results. Wall Street analysts welcoming the space company’s progress toward the launch of its key WorldView Legion satellites in the first half of next year. Baird upgraded its rating on Maxar to outperform from neutral, with a $39 price target that represents a 44% climb from
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The U.S. Federal Court of Claims ruled against Jeff Bezos’ Blue Origin in the company’s lawsuit against NASA. Federal judge Richard Hertling sided with the defense in his ruling, completing a months long battle after Blue Origin sued NASA in August. NASA in April awarded SpaceX with the sole contract for the agency’s Human Landing
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Small satellite builder and operator Terran Orbital is preparing to go public. Terran is merging with special purpose acquisition company Tailwind Two Acquisition Corp., a SPAC which trades under the ticker TWNT. The deal gives Terran a $1.8 billion equity valuation and is expected to close in the first quarter of 2022. Small satellite builder
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Verizon is partnering with Amazon to use the satellite internet system the tech giant is developing to expand rural broadband access in the United States. “We’re proud to be working together to explore bringing fast, reliable broadband to the customers and communities who need it most,” Amazon CEO Andy Jassy said. Amazon is working on
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Jeff Bezos’ space company Blue Origin unveiled its plan for a private space station called “Orbital Reef,” which it expects to deploy between 2025 and 2030. Blue Origin describes the Orbital Reef station, which would be habitable for up to 10 people, as a “mixed use business park” in space. The company’s primary partner for
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Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on Thursday. In a series of tweets, Musk explained that SpaceX continues to work on improving its Raptor engines. The company is preparing for the rocket’s first orbital launch while the Federal Aviation Administration reviews its license request. @elonmusk on
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Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive investment. Elon Musk’s two largest companies already command enormous valuations, with Tesla currently at $858 billion and SpaceX at $100.3 billion. “From our investor conversations, the sentiment on SpaceX has
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The valuation of Elon Musk’s SpaceX has hit $100 billion, and Morgan Stanley believes the Starship rockets the venture is developing will have wide-reaching implications. “This technological development has the potential to transform investor expectations around the space industry,” the firm said. In Morgan Stanley’s view, Musk’s company has created a “double flywheel” of technology
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NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. The mission’s intricate path was charted using a tool familiar to Wall Street – Microsoft Excel. Lockheed Martin mission architect Brian Sutter explained to CNBC how he used Excel to find which asteroids would be worth visiting, saying
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