Tesla reported Wednesday net income of $2.51 billion in the first quarter, a 24% drop from the same period last year as the company’s EV price-cutting strategy cut into profits. Tesla has repeatedly reduced the price of its four EVs …
SOUTH PADRE ISLAND, Texas (AP) — SpaceX’s giant new rocket exploded minutes after blasting off on its first test flight Thursday and crashed into the Gulf of Mexico. Elon Musk’s company was aiming to send the biggest and most powerful …
Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket. He described a dire situation the day after Thanksgiving in a companywide email, a copy of which was …
In recently leaked company-wide emails, Elon Musk warned that his space exploration firm SpaceX is facing a “genuine risk of bankruptcy.” CNBC reports that in a recently leaked company-wide email, SpaceX CEO Elon Musk warned that the lack of recent …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What SpaceX is trying to do has “bankrupted other organizations,” it said. SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of sending humans to Mars shortly, will lay off about 10% …
For its 2018 finale, A SpaceX Falcon 9 rocket will launch the U.S. Air Force’s first third-generation navigation satellite for the Global Positioning System (GPS 3-01) from Cape Canaveral Air Force Station in Florida. h/t Voluntaryist