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Israel Satellite Owner Demand $50 Million or Free Flight From SpaceX

5Sep By reutersNo Comments

News

Israel Satellite Owner Demand $50 Million or Free Flight From SpaceX

Israel's Space Communication Ltd said on Sunday it could seek $50 million or a free flight from Elon Musk's SpaceX after a Spacecom communications satellite was destroyed last week by an explosion at SpaceX's Florida launch site. Officials of the Israeli company said in a conference call with reporters Sunday that Spacecom also could collect $205 million from Israel Aerospace Industries, which built the AMOS-6 satellite. SpaceX said in an email to Reuters that it does not disclose contract or insurance terms. The company is not public, and it has not said what insurance it had for the rocket or to cover launch pad damages beyond what was required by the Federal Aviation Administration, which oversees commercial U.S. launches, for liability and damage to government property. SpaceX h...

Facebook Satellite Blast During Launch of SpaceX Rocket

2Sep By PriyankaNo Comments

INDIA, News

Facebook Satellite Blast During Launch of SpaceX Rocket

AFP- An unmanned SpaceX Falcon 9 rocket exploded on the launch pad during a test in Florida on Thursday, destroying a satellite that Facebook planned to use to beam high-speed internet to Africa. The blast at Cape Canaveral — though it caused no injuries — marks a setback for the California-based private space firm and its founder, internet entrepreneur Elon Musk, who wants to revolutionize the launch industry by making rocket components reusable. Loss of Falcon vehicle today during propellant fill operation. Originated around upper stage oxygen tank. Cause still unknown. More soon. — Elon Musk (@elonmusk) September 1, 2016 Dramatic footage broadcast by ABC News showed the rocket burst into a roaring ball of flame amid what appeared to be a succession of blasts — sending its payl...

Exclusive: Tesla, SolarCity Close to Merger Agreement

24Jul By reutersNo Comments

ACQUISITION

Exclusive: Tesla, SolarCity Close to Merger Agreement

Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the terms of a deal in the coming days, though it is still possible that their negotiations end unsuccessfully, the people said on Saturday. It could not be learned whether SolarCity would be successful in including a go-shop provision in a merger agreement with Tesla that would allow it to continue to solicit bids from other potential buyers for a short period of time. The sources asked not to be identified because the negotiations...

Tesla says Model 3 orders top $10 billion in first 36 hours

4Apr By reutersNo Comments

News

Tesla says Model 3 orders top $10 billion in first 36 hours

Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 bookings in the first 36 hours, a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion. That intense interest, fanned in part by a steady stream of tweets by Musk, could help boost Tesla's stock price, which closed Friday at $237.59, up 3.4 percent. The stock has soared more than 60 percent since hitting a 12-month low in Feb...

SpaceX made history, returned the company’s Falcon 9 rocket to Earth, landing it vertically

22Dec By NitishNo Comments

News

SpaceX made history, returned the company’s Falcon 9 rocket to Earth, landing it vertically

On Monday night, Elon Musk and his aerospace company SpaceX made history, finally demonstrating their reusable rocket technology. Engineers successfully returned the company's Falcon 9 rocket to Earth, landing it vertically on a landing pad at Cape Canaveral, Florida -- just ten minutes after it blasted off for its jaunt to space and back. The rocket's second stage is still in the process of carrying 11 satellites into low Earth orbit for communications company ORBCOMM. The Falcon 9 first stage landing is confirmed. Second stage continuing nominally. pic.twitter.com/RX2QKSl0z7 — SpaceX (@SpaceX) December 22, 2015 All in all, it's an historic feat that promises to dramatically reshape the economics of the private space industry. If SpaceX can take this historic success to the...

Review: Meet Tesla’s Model X, 250-mile range, Falcon Wing doors

1Oct By AnkitaNo Comments

News

Review: Meet Tesla’s Model X, 250-mile range, Falcon Wing doors

Yesterday, Elon Musk founder of Tesla has revealed new Model X in two versions called P90D (Performance All-Wheel Drive), 90D (All-Wheel Drive). Tesla Model X is the safest, fastest and most capable sport utility vehicle in history. Standard with all-wheel drive and a 90 kWh battery providing 250 miles of range, Model X has ample seating for seven adults and all of their gear. And it’s ludicrously fast, accelerating from zero to 60 miles per hour in as quick as 3.2 seconds. Model X is the SUV uncompromised. (more…)