Exploration Technologies News Today

AUSTIN, TX, April 24, 2024 (GLOBE NEWSWIRE) -- Energy Exploration Technologies Inc. (EnergyX) is pleased to announce its latest executive hire, Allen...

Elon Musk: When pressed further about Musk’s comments at a Washington conference last month, SpaceX Chief Financial Officer Bret Johnsen said, “I don’t know that I want to quantify those numbers, but we are in positive cash flow and profitable territory for our satellite business now.”

Musk's undisclosed Starlink costs undercut profitability claims

(Bloomberg) -- SpaceX’s prized Starlink satellite business is still burning through more cash than it brings in. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapPeople familiar with the finances of one of the world...

Starlink, which provides space-based internet service to more than 2.6 million customers, often strips out the hefty cost of sending its satellites into space to make the non-public numbers look better to investors, these people said, asking not to be identified discussing private information. They describe the companys accounting as “more of an art than a science” and say its not actually profitable based on an operational and ongoing basis.

(Bloomberg) -- SpaceX’s prized Starlink satellite business is still burning through more cash than it brings in. Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapPeople familiar with the finances of one of the world...

This year’s European Space Policy Conference in Brussels saw familiar faces talking about new and unfamiliar things. While Galileo continues to perform well, delivering an ever-widening range of services, the problem of how to get Galileo satellites into space has forced the Union to take unpreceden

SpaceX and Blue Origin are paying big salaries to attract young engineers, who sometimes end up burned out and worked to death. Read on.

Elon Musk is looking to move the legal home of SpaceX to Texas from Delaware after a judge in that state voided the billionaires $55.8 billion Tesla pay package. A certificate of conversion for...

Small Satellite Market is expected to reach USD 15.17 Billion by 2029