July 4, 2024
Investors

Billionaires are investing in space. Will they make a profit?

Billionaires like Tesla CEO Elon Musk (TSLA) and Amazon founder Jeff Bezos (AMZN) are pouring their cash into exploring space. Space exploration is expensive, labor-intensive, time-consuming, and risky. Nothing is guaranteed. The Franklin Institute Chief Astronomer Derrick Pitts says it’s “exciting” that private money is flowing into space exploration, but the question remains: How will

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Finance

A Chinese spacecraft lands on moon’s far side to collect rocks in growing space rivalry with US

BEIJING (AP) — A Chinese spacecraft landed on the far side of the moon Sunday to collect soil and rock samples that could provide insights into differences between the less-explored region and the better-known near side. The landing module touched down at 6:23 a.m. Beijing time in a huge crater known as the South Pole-Aitken

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Finance

Elon Musk talks Mars, AI, and threats to civilization — but not a word of Tesla

Elon Musk spent 30 minutes expounding on space exploration, declining birth rates, free speech, and artificial intelligence in space, at a much-anticipated appearance at the 27th annual Milken Global Conference. Basically, everything except for Tesla (TSLA). Not once did the tech billionaire mention his famed EV maker, or X, formerly known as Twitter, or the

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