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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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 22 (IANS) The Department of Telecommunications (DoT) has released draft rules for the administrative allocation of spectrum under the Telecommunications Act, 2023, laying down eligibility criteria, spectrum charges and assignment conditions for a range of telecom and satellite communication services.However, the proposed framework does not cover satellite broadband operators, including Starlink, Eutelsat OneWeb and Reliance Jio’s satellite internet business, leaving the sector aw…
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…
New Delhi, June 10 (IANS) Elon Musk-led Starlink has dismissed a report that India has frozen approvals for its satellite internet services, saying it remains engaged in “active and productive discussions” with the government and continues to receive encouraging feedback on its plans for the country.Responding to the report, Lauren Dreyer, Vice President of Starlink Business Operations, said the company remains committed to launching services in India and has complied with all regulatory and sec…
Washington, May 28 (IANS) The US Federal Aviation Administration (FAA) has ordered SpaceX to conduct a “mishap investigation” involving the Super Heavy booster during the 12th flight test of its giant Starship rocket. In a statement on Wednesday (local time), the FAA said it had determined that the flight test on Friday resulted in a mishap during the booster’s return flight over the Gulf of Mexico following stage separation.The agency said it will oversee the process and approve SpaceX’s final …
Kathmandu, May 1 (IANS) US Special Envoy for South and Central Asia, Sergio Gor began his political engagements on Friday by meeting Nepal’s Foreign Minister Sishir Khanal and Finance Minister Swarnim Wagle. Gor, who is also the US Ambassador to India, arrived in Kathmandu on Thursday evening and held meetings with Nepal’s government ministers on Friday. He is the highest-ranking US government official to visit Nepal since the new government led by Prime Minister Balendra Shah was formed on Ma…