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Insider
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Elon Musk's Trump bump keeps growing
- Elon Musk's businesses are thriving from his relationship with Trump, boosting his net worth.
- Musk's AI startup xAI is raising $5 billion in funding, while SpaceX plans a share tender offer.
- Musk is joining Trump's administration to lead a new department focused on government efficiency.
- Musk's support for Trump has boosted shares in Tesla and helped his net worth reach $300 billion.
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Crypto-News-Flash
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Charles Hoskinson Teases Major Deal with SpaceX – What’s Next for Cardano?
- Cardano co-founder Charles Hoskinson has teased a potential major deal with SpaceX.
- Cardano enthusiast hints at a possible partnership between Cardano and SpaceX based on Hoskinson's picture in front of a SpaceX rocket.
- Hoskinson previously indicated interest in meeting with SpaceX owner Elon Musk to collaborate on decentralized social media.
- In addition, there are speculations about a potential partnership between Cardano and Ripple after a meeting between Hoskinson and Ripple CEO Brad Garlinghouse.
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Digitaltrends
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Elon Musk teases sixth Starship flight test with video of spectacular catch
- SpaceX is preparing for the sixth flight test of its Starship rocket, with plans to secure the first-stage Super Heavy booster upon its return.
- Elon Musk shared a video showcasing the successful landing of the Super Heavy during the previous test.
- The upcoming flight, targeted for November 18, will take place at SpaceX's Starbase facility in Texas.
- Each test flight provides valuable data for engineers to improve the design and safety of the Starship rocket.
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Insider
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Trump tapped Elon Musk to oversee government efficiency. Here's how he's cut costs at his own companies.
- President-elect Donald Trump tapped Elon Musk to co-lead a new Department of Government Efficiency to reduce government spending.
- At companies like X, Tesla, and SpaceX, Musk is known for modeling an intense work ethic and making drastic workforce reductions to lower costs.
- When Musk took over Twitter in 2022, he ended the company's remote work policy and free office lunches.
- Musk required employees to start paying for office lunches that had previously been free, told employees to expect 80-hour workweeks.
- Musk cut around 50% of Twitter's staff and set an expectation for those who remained to "work 24/7."
- Tesla's "Anti-Handbook Handbook" details the high bar the company sets for employees, instructing them to be self-reliant and do everything they can to solve problems, even if it means forgoing office protocol or reaching out to Musk directly.
- Musk also sent a memo in 2018 advising Tesla employees to "walk out of a meeting or drop off a call as soon as it is obvious you aren't adding value."
- In 2018, Musk said he spent nights sleeping on a couch and the floor at Tesla factories while the company ramped up production on the Model 3 sedan.
- In April, Tesla laid off 10% of its workforce as Musk said the company needed to be "absolutely hard core about headcount and cost reduction."
- In 2019, Musk laid off 10% of SpaceX employees in order to "become a leaner company," a SpaceX spokesperson previously told Business Insider.
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Digitaltrends
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See SpaceX’s mighty Starship on the launchpad ahead of sixth test flight
- SpaceX shares images of Starship on the launchpad ahead of sixth test flight
- The test flight aims to test new facilities and abilities, including a deorbit burn and catching the incoming booster for reuse
- The next test flight will also include heatshield experiments and maneuvering changes for ship reentry and descent
- SpaceX has been busy with multiple Starlink launches alongside preparations for the Starship test flight
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Teslarati
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SpaceX readies for sixth Starship test launch: here’s when it could happen
- SpaceX is preparing for its sixth test launch of Starship, as it aims to push the envelope in preparations for another potential 'catch' next year.
- CEO Elon Musk plans to attempt catching both the booster and upper stage, but this likely won't happen until next year.
- The next launch may not include the upper stage catch, but the possibility remains.
- SpaceX has rolled Starship to the launch pad, indicating the sixth test launch is nearing.
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The billionaire CEO who made history with SpaceX describes facing the 'vacuum of death' in only a spacesuit
- Jared Isaacman returned from the Polaris Dawn mission he led with SpaceX on September 15.
- Isaacman led the first private space walk, which marked a milestone in private space travel.
- Isaacman talked about the challenges of living off-world and what felt different during his second space mission.
- He likened looking out into the unknown darkness in space to traveling overseas in the 1400s.
- The Polaris Dawn mission broke NASA's Earth orbit record and tested new Starlink communication technology.
- The crew carried out around 38 science and research experiments to test the impact of radiation on the human body, contributing to SpaceX's goal to learn more about long-duration human missions to Mars and beyond.
- Isaacman said that his family was more charged up and enthusiastic during Polaris Dawn than during his first mission, Inspiration4.
- Isaacman raised over $240 million for St. Jude during his first mission with SpaceX, named in an effort to inspire support for the hospital.
- The Polaris Program is intended to be three missions mapped out over the next six to nine years, with the final mission being the first crewed flight of SpaceX's Starship.
- Isaacman anticipates fully reusable Starships becoming a tangible reality within the next decade and launching on a frequent basis.
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Spaceflightnow
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SpaceX launches 24 Starlink satellites on Falcon 9 rocket from Cape Canaveral
- SpaceX launched 24 Starlink satellites from Cape Canaveral Space Force Station.
- The Starlink 6-68 mission added more Mini satellites to the satellite internet constellation.
- The launch was delayed and happened at 8:21 a.m. EST.
- The Falcon 9 booster successfully landed on the SpaceX droneship.
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Insider
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Why the US hasn't returned humans to the moon. The reasons are depressing.
- The reason people haven't returned to the moon is budgetary and political, not scientific or technical, say astronauts. With NASA's 2024 budget of $24.9 billion, the agency's budget has fluctuated between 0.4% and 1% of US spending since the 1970s. A 2021 report from NASA estimated the Artemis program to return to the moon would cost a total of $93 billion from 2012 through 2025, while the Apollo program cost about $257 billion in today's dollars. Another stumbling block is partisan political whiplash. For example, President Obama pushed to scrap the Constellation program when he took office in favor of the SLS rocket.
- The moon is no joke for humans. Its surface is exposed to the sun's harsh rays for about 14 days at a time, devoid of protection against solar radiation. Peggy Whitson, an experienced astronaut, previously noted the extraordinary problems that come with the dust that covers the lunar surface. Additionally, the US government spent billions to replace all the satellite equipment to map the surface of the moon to help make their landing safer.
- Lunar dust is known to cause serious health problems and sticks easily to equipment and skin. The moon's environment is also hazardous with eye-popping temperature fluctuations. NASA has been working to design spacesuits and rovers that can withstand the harsh conditions, but there's no telling when that equipment will be ready to launch. The US government has also started developing a fission power system that could supply electrical energy during weekslong lunar nights.
- Partisan political whiplash contributes heavily to the fact that the US hasn't returned humans to the moon. Incoming presidents and policymakers often scrap previous leaders' space-exploration priorities. NASA engineers and scientists take years designing spacecraft to get humans to other worlds, only for lawmakers to cancel those priorities. This has led to cancellation after cancellation, billions in wasted time, and a loss of momentum.
- Support for human lunar missions and manned Mars exploration isn't particularly strong, however. According to a 2023 Pew Research Poll, only 12% of around 10,329 respondents said NASA should prioritize human lunar missions and 11% for Mars exploration. Meanwhile, 60% said scanning the skies for dangerous asteroids was important, indicating limited public interest in lunar exploration.
- Many in the US space industry predict that private companies will finally take humans back to the moon. Billionaires such as Jeff Bezos and Elon Musk have already been busy developing new space exploration ventures, fully aware that new transportation is needed to push humans beyond the moon. Musk has been vocal about how his Starship launch system could pave the way for affordable regular lunar visits. Bezos and Blue Origin have their own plans to use New Glenn rockets to build the first moon base.
- Another issue preventing a return to the moon is the aging NASA workforce. An estimated 14% personnel are over 40 years old. Of those polled in 2019, more American kids dreamed of becoming YouTubers than astronauts. Astronauts say innovation and excitement come from young people, meaning that NASA needs to attract more youngsters to the agency.
- NASA has designed dust- and sun-resistant spacesuits and rovers, but it is uncertain whether that equipment is ready to launch. Astronauts don't doubt whether humans will get back to the moon and onto Mars; it's just a matter of when.
- Public interest in lunar exploration has always been lukewarm despite landing 12 people on the moon being among NASA's greatest achievements. In comparison, NASA's 2024 budget represents about 0.36% of US spending, according to a report from the Planetary Society. Its portion of the federal budget peaked at 4% in 1965 before fluctuating wildly between 0.4% and 1% since the 1970s.
- "A permanent human research station on the moon is the next logical step. It's only three days away. We can afford to get it wrong and not kill everybody," Chris Hadfield, a former astronaut. A lunar station could, among other things, provide propellant for deep space missions, make it easier for humans to live on Mars, create space telescopes, and spur lunar space tourism. It could also solve longstanding scientific mysteries about Earth and the moon's creation.
- The moon is an unforgiving and harsh environment for humans. The sun's harsh rays beat down for about 14 days at a time, exposing the moon's surface to deadly solar radiation. The next 14 days are in total darkness, reducing temperatures to below minus 200 degrees Fahrenheit, making it one of the colder places in the solar system. NASA is working on a nuclear power system that could supply electricity during weekslong lunar nights.
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Tech Story
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Elon Musk Appointed to Lead ‘Department of Government Efficiency’ in Trump’s New Cabinet Head of Department of Government Efficiency: A Shake-Up in Washington
- Elon Musk, CEO of Tesla and SpaceX, has been appointed the head of a newly established Department of Government Efficiency (DOGE) by US President-elect Donald Trump.
- Together with entrepreneur Vivek Ramaswamy, he is expected to lead efforts to streamline federal agencies, cut waste, and dismantle unnecessary bureaucracy.
- The DOGE is a new concept in US governance, crafted to address Trump’s desire to change the federal government's structure.
- It has a mandate to restructure federal operations, drastically cut back on regulations, and reduce government expenditure without compromising service delivery.
- Musk has a reputation for efficient management and cost-cutting, and his appointment adds an entrepreneurial flair to the new government initiative.
- Both Ramaswamy and Musk are experienced in tech and innovation, the areas they argue are critical for creating a more agile and efficient government.
- The initiative has raised concerns over transparency and accountability, questioning whether a focus on cost-cutting might override considerations for employee rights, ethical practices, and long-term social impacts.
- The effectiveness of this initiative will depend on Musk's ability to apply private-sector efficiencies to public-sector operations that remain largely untested in federal administration.
- While the idea of reducing bureaucratic red tape and making government operations more efficient resonates with many Americans, the process of implementing these changes is likely to encounter both political and logistical hurdles.
- Musk's unconventional approach and commitment to shaking up the status quo could bring transformative change to federal agencies, but only time will tell if DOGE will fulfill its ambitious goals.
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Insider
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Elon Musk took on another role, becoming Trump's efficiency boss. Here's the full list of his jobs.
- President-elect Donald Trump has tapped Elon Musk to lead a newly created Department of Government Efficiency. Musk will co-lead the unofficial Department of Government Efficiency with entrepreneur Vivek Ramaswamy. Musk heavily backed Trump in the presidential election, appearing at his rallies and donating millions of dollars to fundraising efforts. Musk leads Tesla and SpaceX as CEO and owns and plays a major part in running X. Musk is also involved in less-known companies, like Neuralink, which he cofounded and remains CEO of. Musk leads OpenAI's rival firm, start-up xAI.
- The role is just one of many Musk holds concurrently. His support has led to a role in the new government. He also has many other jobs, including leading Tesla, SpaceX, and AI startup xAI. Together, these two wonderful Americans will pave the way for my Administration to dismantle the Government Bureaucracy. Musk will lead the new unofficial department with Vivek Ramaswamy.
- Musk is arguably best known as the CEO of Tesla, which he was an early investor in, and has since gone on to build into a major force in the auto industry. Telsa is one of only a handful of American corporations that have reached a $1 trillion market cap, joining the likes of Apple and Nvidia. The billionaire is the boss of SpaceX, the aerospace firm he founded in 2002.
- In 2022, the business mogul acquired Twitter for $44 billion, later renaming the social media platform X and scrapping the bird logo. While CEO Linda Yaccarino runs X's daily operations, Musk remains heavily involved. Musk's Neuralink has tested its brain chip on two human patients. Another startup led by Musk is xAI, which, according to the Wall Street Journal, is in talks to raise funding to at a $40 billion valuation.
- Trump added that the pair will work to "slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies." It will also seek to "create an entrepreneurial approach to Government never seen before," though exactly how it will function remains unclear. Musk and his company aim to build a rocket system that will make it possible to build a city on Mars. The firm is developing two devices: A brain chip to help treat neurological conditions and a surgical robot which would insert the equipment into the patient.
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Insider
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Ark's Cathie Wood changed Wall Street. Now, she's set her sights on venture capital.
- Cathie Wood's Ark Venture Fund has gathered close to $70 million in assets, allowing retail investors to invest in high-growth startups.
- The fund has invested in hot Silicon Valley deals like Figure, xAI, and OpenAI, with Elon Musk's SpaceX being its largest holding.
- Ark's approach to venture capital includes original research, relationships with potential customers, and a flexible structure that allows investors to enter and exit periodically.
- Despite lagging behind the S&P 500, Ark Venture Fund aims to attract more investors and potentially grow into a billion-dollar fund.
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Spaceflightnow
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Live coverage: SpaceX to launch 20 Starlink satellites on Falcon 9 rocket from California
- SpaceX is set to launch a Falcon 9 rocket with 20 Starlink satellites from California.
- The mission, named Starlink 9-11, will include 13 satellites with Direct to Cell capabilities.
- The Falcon 9 booster supporting this mission will launch for the eighth time.
- SpaceX plans to complete its primary Direct to Cell constellation with three more launches.
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TechCrunch
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TechCrunch Space: Nothing to see here!
- SpaceX CEO Elon Musk could have a prominent role in the next administration.
- Musk wanted to hire SpaceX employees for top government positions.
- There is speculation about Musk gaining unprecedented influence in various sectors.
- SpaceX is preparing for its sixth integrated flight test of Starship.
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Teslarati
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SpaceX sends 24 more Starlink satellites into orbit
- SpaceX sent 24 more Starlink high-speed internet satellites into orbit.
- The launch occurred at 4:23 p.m. ET on Monday, with a Falcon 9 rocket taking off from Cape Canaveral.
- It was the 12th flight for this specific first-stage booster, and it has now launched six Starlink missions.
- The satellites were of the V2 Mini variety and the booster successfully landed on the droneship.
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