China has launched the first satellites for its GuoWang megaconstellation, intensifying the race for space-based broadband internet services both domestically and internationally. A group of satellites lifted off aboard a Long March-5B rocket coupled with the Yuanzheng-2 upper stage from southern China’s Wenchang spaceport at 6pm and later reached their designated low-Earth orbit, according to…
Billionaire Elon Musk‘s SpaceX has taken a formal step toward transforming its South Texas Starship launch site, known as Starbase, into an incorporated city. In a letter sent Thursday to officials, the company requested an election to approve the incorporation. SpaceX stated that the petition had been submitted by residents of the area currently identified…
McALLEN, Texas (AP) — SpaceX is launching a new mission: making its Starbase site a new Texas city. Billionaire Elon Musk ‘s company on Thursday sent a letter to local officials requesting an election to turn what it calls Starbase — the South Texas site where SpaceX builds and launches its massive Starship rockets — into an incorporated city….
Elon Musk has become the first person to surpass $400 billion in net worth, solidifying his position as the world’s richest individual. According to the Bloomberg Billionaires Index, Musk’s fortune has reached $447 billion, marking significant growth since the US presidential election last month. The recent surge in Musk’s wealth is attributed to an insider share…
(Bloomberg) — SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. Most Read from Bloomberg The per-share price of $185 is up substantially from the $112…
Starlink is booming and probably coming to a plane, cruise ship, or RV near you. Internet traffic from Elon Musk’s satellite web service more than tripled in 2024, per Cloudflare data. Starlink has expanded to a host of new countries and struck deals with airlines and cruise providers. Elon Musk’s Starlink is taking over planes…
Photo: Cheng Xin (Getty Images) A current Apple (AAPL) employee is suing the company for illegally limiting worker freedoms through its required intellectual property agreement. The lawsuit, filed Monday in California Superior Court in Santa Clara County by Amar Bhakta, a digital ad tech and operations manager at Apple, alleges that the company’s policies, including…
SpaceX completed its first Starlink direct-to-cell satellite constellation this week. On Wednesday, the company launched 20 satellites aboard a Falcon 9 rocket, 13 of which can communicate directly with cell phones without extra equipment. The completed constellation follows the FCC’s approval of a deal between SpaceX and T-Mobile last week. The companies announced the partnership…
In This Story President-elect Donald Trump has named David Sacks as the White House’s artificial intelligence and cryptocurrency czar, giving the venture capitalist and vocal Republican donor influence over his administration’s policies. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said “David will focus on making America…
In This Story Jeff Bezos says he isn’t worried about his fellow billionaire and space rival Elon Musk’s growing political power. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said The Amazon (AMZN+0.37%) founder who is now focused on his space venture, Blue Origin, called Musk’s SpaceX…