SpaceX

SpaceX's mega Starship rocket came within a few seconds of blasting off on a test flight, but some of the engines failed to start triggering a launch abort. Elon Musk's company said on Thursday that it will have to figure out what went wrong before making another attempt to send Starship on a space-skimming flight halfway around the world. It was supposed to be the 13th flight for Starship, which at 407 feet (124 metres) tall with 33 main engines is the world's biggest and most powerful rocket. Twenty of SpaceX's newest and most advanced Starlinks were on board Starship for release during the planned hourlong flight. The internet satellites were going to try communicating with Starlinks already in orbit while taking photos of Starship's heat shield. Neither the first-stage booster nor spacecraft were meant to be recovered, with both ending up in the sea. NASA is counting on Starship to land its astronauts on the moon in the next few years.

Stock closed at $135.27, marginally above its offer price after a fourth straight day of declines, reflecting cooling investor enthusiasm

The Long March 10B's first stage made a vertical landing on an offshore platform, making China the second country after the US to achieve the feat

Japan's ispace will launch a lower-cost lunar cargo service using SpaceX's Starship, aiming to expand commercial access to the Moon by 2030

SpaceX has lost nearly $600 billion in market value in just one week, with shares plunging 23% from their recent peak. Investors are worried about the company's massive $20 billion bond offering

India's draft spectrum rules move satellite reforms forward, but low earth orbit operators such as Starlink, OneWeb and Jio-SES still await security clearance and separate regulations

The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its 3-day loss to 23% and erasing over $600 billion in value over that period

In the month of the Covid year, the share had fallen to less than 1 basis point

There are also social risks that accompany huge bets on labour-saving technologies like AI and robotics

SpaceX formally agreed to buy Cursor Tuesday in an all-stock deal that values the company at $60 billion

At the stock's intraday high, the market value of Elon Musk's rocket and AI company topped Microsoft Corp. to briefly become the world's fourth-largest stock

Today's opinions explore India's external vulnerabilities, the concentration of global capital in US technology, energy reforms, disclosure norms, and a nuanced portrait of Kashmir through the Chenab

SpaceX has sealed its $60 billion takeover of Cursor, strengthening Elon Musk's push to compete in the fast-growing AI coding market

SpaceX's record IPO highlights how global capital is gravitating towards US tech giants, raising concerns over funding, innovation and market depth elsewhere

The IPO is the headline, but the real story is about index methodology, said Dina Ting, head of global index portfolio management at Franklin Templeton

SpaceX's record-breaking Nasdaq debut proceeded smoothly, easing concerns over market infrastructure ahead of expected IPOs from OpenAI and Anthropic

Prince Alwaleed bin Talal's investment firm Kingdom Holding Co surged after SpaceX's share gains on its first day of trading drove the value of the Saudi firm's holding to almost $7 bn

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon Musk's other company, Tesla , and Meta Platforms

The protest also echoed another critique that resonated with denizens of the capitalist set: the case against fast-tracking SpaceX into equity indexes

The launch was smoother than many observers expected, with trading kicking off late on Friday morning without the hiccups that had marred Facebook's debut in 2012