Elon suffers another day short of trillionaire status

Right now he’s merely a several-hundred-billionaire, according to Bloomberg’s Billionaires Index.

SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year
SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year

SpaceX has drawn roughly $89 billion in investor demand for its debut US bond sale, Bloomberg reported on Tuesday, setting the stage for one of the largest investment-grade offerings this year. The company is seeking to raise between $20 billion and $2…

SpaceX taps the bond market for the first time to fund AI
SpaceX taps the bond market for the first time to fund AI

Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing m…

Germany tells Trump: you cannot get to the moon without us
Germany tells Trump: you cannot get to the moon without us

Germany’s space minister has a message for Washington: the dependence runs both ways. In an interview with Politico at the VivaTech trade show in Paris this week, Dorothee Bär said Europe provides “critical key technologies” for American space missions…

NASA selects Eric Schmidt’s rocket company for a 2028 mission to Mars
NASA selects Eric Schmidt’s rocket company for a 2028 mission to Mars

Relativity Space, the rocket company led by former Google executive Eric Schmidt, was picked to launch NASA’s Aeolus payload to Mars in 2028, as reported earlier by TechCrunch. Under a new public-private partnership, Relativity Space will provide the “spacecraft, rocket, and cruise operations” to fly Aeolus to Mars, where the payload will “provide the first […]

As Jio files for India’s biggest-ever IPO, it’s planning a Starlink rival in orbit
As Jio files for India’s biggest-ever IPO, it’s planning a Starlink rival in orbit

At its annual shareholder meeting on Friday, Reliance unveiled two things at once: paperwork for what could be India’s biggest-ever stock-market listing, and a plan to put a Starlink rival into orbit. Jio Platforms, the digital and telecom arm of Mukes…

SpaceX adds Sequoia’s Roelof Botha to its board, days after record $75 billion IPO
SpaceX adds Sequoia’s Roelof Botha to its board, days after record $75 billion IPO

SpaceX has appointed Roelof Botha, the former steward of Sequoia Capital, to its board of directors. The appointment, disclosed in an 8-K filing on 17 June, comes less than a week after the company’s record-breaking $75 billion IPO. Botha will serve as…

NASA picked Eric Schmidt’s Relativity Space to fly to Mars. It has never reached orbit.
NASA picked Eric Schmidt’s Relativity Space to fly to Mars. It has never reached orbit.

NASA is partnering with Relativity Space, the rocket company run by former Google chief Eric Schmidt, to fly a science mission to Mars. Announced on June 17, the mission is called Aeolus, the first flight in Relativity’s new Interplanetary Sciences Pro…

The search for dark matter has been blown wide open
The search for dark matter has been blown wide open

Underneath an Apennine massif, below the Jinping Mountains of Sichuan, and at the bottom of a South Dakota mine, there is a cosmic hunt afoot. Isolated deep beneath these rocky shields, massive detectors filled with liquid xenon aim to make the first direct detections of dark matter, the long-sought invisible substance whose gravity has sculpted…

NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX

Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.