New Delhi, July 25 (IANS) US aerospace company SpaceX launched its Starship vehicle in a test flight to validate technology central to CEO Elon Musk’s ambitions for Starlink expansion, as the company’s stock continues to slide.The rocket’s Super Heavy booster detached from the Starship spacecraft nearly two minutes after the launch, and made a controlled splashdown in the Gulf. This was the second flight of the Starship and Super Heavy V3 vehicles and the first Starship flight to deploy the …
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New York, July 17 (IANS) SpaceX shares slipped below their initial public offering (IPO) price for the first time after the company aborted the launch of its flagship Starship rocket, extending the stock’s losing streak since its market debut.The shares closed at $131.11, down 3.08 per cent for the day and below the IPO price of $135.The decline marked the fifth consecutive losing session since the aerospace company’s June 12 listing, which became the largest IPO in history by raising around $86…
Ahmedabad, July 11 (IANS) Fresh from his historic mission to the International Space Station (ISS), astronaut and Ashoka Chakra awardee Group Captain Shubhanshu Shukla is scheduled to visit Tanmay’s ‘Amazing Space Museum – Zero Digital Space Museum’ in Ahmedabad on Saturday.The visit is scheduled between 12 p.m. and 12.30 p.m., during which Shukla will tour several exhibits dedicated to space exploration, including a specially curated gallery bearing his name.Museum organisers said he will als…
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…
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…