Technology 

Pentagon to review certification of Elon Musk’s SpaceX launch vehicles

SpaceX founder Elon Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper (Reuters) – The Pentagon will evaluate the certification for Elon Musk’s SpaceX launch vehicles to determine whether the U.S. Air Force complied with certain guidelines, according to a memo here on Monday. “Our objective is to determine whether the U.S. Air Force complied with the Launch Services New Entrant Certification Guide when certifying the launch system…

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Technology 

Elon Musk’s Boring Company set to unveil its first Los Angeles-area tunnel

LOS ANGELES (Reuters) – The Boring Company, Elon Musk’s underground transit venture, planned an unveiling of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to “just start digging” as a remedy. FILE PHOTO: Elon Musk arrives to speak at Boring Company community meeting in Bel Air, Los Angeles, California, U.S. May 17, 2018. REUTERS/Lucy Nicholson/File Photo Musk has advertised his 2-mile (3.2 km) tunnel as the first step toward developing a high-speed subterranean network for whisking vehicles and pedestrians below…

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Technology 

Elon Musk’s SpaceX seeks $500 million loan via Goldman: Bloomberg

Members of the media gather around a replica of the Crew Dragon spacecraft at SpaceX headquarters in Hawthorne, California, U.S. August 13, 2018. REUTERS/Mike Blake (Reuters) – Elon Musk’s rocket company SpaceX is looking to borrow $500 million in the leveraged loan market through Goldman Sachs, which is leading talks with potential investors this week, Bloomberg reported on Thursday. The news comes weeks after SpaceX picked Japanese billionaire Yusaku Maezawa as its first private passenger on a voyage around the moon. SpaceX has upended the space industry with its relatively…

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Technology 

Elon Musk’s SpaceX rocket lights up California sky

Image copyright EPA Image caption The launch lit up the skies in California Elon Musk’s SpaceX company has successfully launched a satellite into space from California – wowing social media users in the process. The Falcon 9 rocket took Argentine satellite SAOCOM 1A into orbit from Vandenberg Air Force Base, on the coast northwest of Los Angeles. Residents shared photos of the launch, which lit up the skies over the state. The rocket’s first – and reusable – stage landed successfully, marking the first West Coast landing for a booster.…

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Technology 

‘Despondent’ Musk’s Tesla resembles Lehman, Greenlight’s Einhorn says

NEW YORK (Reuters) – Hedge fund manager David Einhorn lambasted Tesla Inc (TSLA.O) and its “despondent” Chief Executive Elon Musk on Friday, comparing the electric car company to Lehman Brothers Holdings Inc, where he had flagged accounting problems several months before its 2008 collapse. FILE PHOTO: David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid “Like Lehman, we think the deception is about to catch up to TSLA,” Einhorn’s firm Greenlight Capital, which has sold…

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Science 

Elon Musk’s SpaceX to name first passenger for moon voyage

LOS ANGELES (Reuters) – SpaceX, Elon Musk’s space transportation company, was set on Monday to name the first private passenger who will take a trip around the moon aboard its forthcoming Big Falcon Rocket spaceship, taking the race to commercialize space travel to new heights. FILE PHOTO: A SpaceX Falcon Heavy rocket lifts off from historic launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Thom Baur/File Photo SpaceX said it will name the first passenger to travel to the moon since the…

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Technology 

Tesla rocked by latest executive shakeup, Musk’s behavior on webcast

(Reuters) – Tesla Inc’s shares dropped the most in two years on Friday, rocked by the departure of its accounting chief after just a month and mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Investors in the electric carmaker are on edge after a tumultuous August, during which Musk proposed and then abruptly pulled the plug on a go-private deal. Tesla said Chief Accounting Officer Dave Morton resigned because of discomfort with the public attention and pace of work. Morton, whose…

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Technology 

Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

WASHINGTON (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. FILE PHOTO: Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai/File Photo Explaining his reversal in a late-night blog post on Friday, the billionaire CEO said that taking the company private “would be even more time-consuming and distracting than…

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Top stories 

Tesla’s stock falls sharply after Elon Musk’s tearful interview

Tesla’s stock tumbled after CEO Elon Musk said he’s working himself to the bone and relies on Ambien to sleep. In an tearful interview with The New York Times, Musk said this has been “the most difficult and painful year” of his career. He said he works 120 hours some weeks and has trouble sleeping. Musk is also CEO of SpaceX and The Boring Company. Investors weren’t sympathetic. The stock closed down 9% on Friday, and it’s down 21% since the day Musk tweeted he had secured funding for a…

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Technology 

Musk’s SpaceX could help fund take-private deal for Tesla: NYT

(Reuters) – Elon Musk’s rocket company, SpaceX, could help fund a bid to take electric car company Tesla Inc (TSLA.O) private, the New York Times reported on Thursday, quoting people familiar with the matter. Musk startled Wall Street last week when he said in a tweet he was considering taking the auto company private for $420 per share and that funding was “secured.” He has since said he is searching for funds for the effort. Musk said on Monday that the manager of Saudi Arabia’s sovereign wealth fund had voiced…

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