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States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX (In first paragraph, corrects number of states challenging indexes to four from five) By Ross Kerber June 11 : Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the index providers put the moves on pause unless they have reviewed risks to investors. Letters to both companies seen by Reuters on Thursday raise...
Another Falcon 9 lookalike joins China's growing roster of rockets
The race to field China's first reusable launch vehicle is far less predictable than a similar competition that played out in the United States a decade ago. There was never any real question of which company would develop and demonstrate the first orbital-class rocket in the United States. SpaceX landed a Falcon 9 booster for the first time in 2015, and a little more than a year later, it launched it back into space.
In a surprise launch, China debuts another big rocket designed for reusability
The race to field China's first reusable launch vehicle is far less predictable than a similar competition that played out in the United States a decade ago. There was never any real question of which company would develop and demonstrate the first reusable orbital-class rocket in the United States. SpaceX landed a Falcon 9 booster for the first time in 2015, and a little more than a year later, it launched it back into space.
Musk tells Jamie Dimon that America faces a catastrophic 'zero memory fab' crisis
SpaceX CEO Elon Musk recenlty virtually joined an event hosted by CEO Jamie Dimon at JPMorgan’s office in New York. Shared on social media platfrom X, the conversation between the two CEOs ranged from SpaceX’s financial trajectory to bold visions of lunar AI data centers and the looming semiconductor crisis in the United States. While Musk confirmed SpaceX’s decision to go public, he stressed that the lack of domestic high-volume computer memory manufacturing poses a far greater threat to...
China doubts Musk’s Starship future; ex-TSMC chip prodigy returns: SCMP’s 7 highlights
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Concerns mount in China’s space sector that Musk’s Starship will be a failure There are growing doubts within China’s space sector that Starship, the world’s most powerful rocket being developed by SpaceX in the United States, will...
How some data center operators are tackling their water use problems
On Monday, SpaceX amended its initial public offering to state that water conditions—including water scarcity, regulations around water, and drought—could constrain data center development. It isn’t the only tech company trying to assess how water scarcity might impact its business. Water use is emerging as one of the most contentious data center issues.
Data Center Operators Are Trying to Fix Their Water Use Problems
On Monday, SpaceX amended its initial public offering to state that water conditions—including water scarcity, regulations around water, and drought—could constrain data center development. It isn’t the only tech company trying to assess how water scarcity might impact its business. Water use is emerging as one of the most contentious data center issues.
North Carolina Treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic
North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificial-intelligence startups OpenAI and Anthropic while avoiding a direct stake in SpaceX — expected to go public Friday — because of concerns that the Elon Musk-led company's $1.77 trillion valuation leaves little room for...
US government set to transfer large tract of nature reserve land to Starbase
SpaceX is set to launch a record-breaking IPO on Friday. But it's the company's rocket launches that are concerning critics in its home state of Texas. The US government is set to give SpaceX some 280 hectares of land that are currently part of a wildlife refuge near its Starbase facility in South Texas, in exchange for land the company owns farther north.
European markets open cautiously ahead of ECB rate decision
The European Central Bank is widely expected to raise interest rates for the first time since 2023 as policymakers respond to rising inflation fuelled by higher energy prices linked to the Iran war. Investors are bracing for an ECB rate hike on Thursday. Markets expect the European Central Bank to raise rates by 25 basis points, which could weigh on growth and corporate earnings.