Seoul, July 5 (IANS) South Korea plans to launch its fourth medium-sized Earth observation satellite aboard a SpaceX Falcon 9 rocket from Vandenberg Space Force Base in California on Tuesday, the space agency said.The Korea AeroSpace Administration (KASA) said the 500-kilogram satellite will be launched at 4:10 p.m. Korea time, reports Yonhap news agency.The satellite has completed function inspections and fuel injection over the past month and is now awaiting launch aboard the Falcon 9.It is sc…
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Seoul, July 3 (IANS) South Korea aims to establish a low-Earth orbit satellite communications network composed of hundreds of satellites by 2035 and accelerate the country’s first lunar landing to 2030, the state-run space agency said on Friday.The Korea AeroSpace Administration (KASA) unveiled the plan during a public briefing on advanced industry development held in the southeastern city of Jinju. The strategy was approved earlier in the day by the National Space Council, chaired by President …
New Delhi, June 28 (IANS) Elon Musk on Sunday announced that xAI’s latest artificial intelligence model, Grok 4.5, has entered private beta testing at SpaceX and Tesla, marking the first confirmed deployment of the model within Musk’s companies ahead of a wider release.In a post on social media platform X, Musk said Grok 4.5 is based on xAI’s 1.5-trillion-parameter V9 foundation model and has undergone supplemental training using data from AI coding assistant Cursor.According to Musk, early eval…
New Delhi, June 23 (IANS) US stock futures tumbled on Tuesday, signalling a weak start for Wall Street, as a global selloff in technology shares reignited concerns over whether massive investments in artificial intelligence (AI) can justify soaring market valuations.Nasdaq 100 futures fell more than 2 per cent, while S&P 500 futures declined over 1 per cent in pre-market trading. Meanwhile, Dow Jones futures were relatively resilient, falling around 0.4 per cent. The selling was triggered af…
Seoul, June 23 (IANS) South Korean stocks tumbled nearly 10 per cent on Tuesday as foreign investors dumped major semiconductor shares and other market heavyweights amid profit-taking, tracking overnight losses in US technology stocks. The local currency weakened against the US dollar.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) plunged 910.71 points, or 9.99 percent, to close at 8,203.84. The index hit an intra-day high of 9,175.45, reports Yonhap news agency.Th…
New Delhi, June 13 (IANS) Zerodha founder Nithin Kamath and Capitalmind Mutual Fund CEO Deepak Shenoy have drawn attention to restrictions imposed by US brokerage Fidelity on investors seeking to sell shares acquired in the recent SpaceX IPO, contrasting the practice with India’s regulatory framework.Under Fidelity’s policy, investors who sell their allotted SpaceX shares within 15 calendar days of the stock’s trading debut — a practice known as flipping — risk losing access to future IPO allo…
New Delhi, June 13 (IANS) Elon Musk-run SpaceX’s initial public offering delivered a blockbuster debut in the US, handing early buyers a 31 per cent gain, before settling up 19 per cent above the offering price of $135.The shares ended the day at $160.95, giving SpaceX a market capitalisation of about $2.2 trillion after its first day of trading, turning the rocket maker’s founder Elon Musk the world’s first trillionaire.On the stock market debut day, SpaceX became the sixth-highest valued pub…
Washington, June 13 (IANS) Elon Musk became the world’s first trillionaire after SpaceX completed the largest initial public offering in history, with investors pushing the rocket and satellite company’s market value to about $2.1 trillion on its first day of trading.Shares of SpaceX closed at $160.95, up more than 19 per cent from their IPO price of $135, capping one of the strongest major market debuts in recent years. The surge lifted the value of Musk’s stake in the company and cemented his …
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) — the Elon Musk-led rocket and satellite company — has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports.Reports claim that SpaceX priced its shares at $135 apiece, raising about $75 billion in what is being billed as the largest IPO in history and valuing the company at around…