SpaceX on Tuesday reported a second-quarter loss of $541 million on revenue of $7.8 billion in its first earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Elon Musk’s rocket, satellite and AI provider was forecast to report revenue of $6.8 billion…
SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June. SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…
The Trump administration credits its fraud control efforts for the disappearance of millions of people from Obamacare rolls rather than a sharp rise in premiums — a claim disputed by policy experts that glosses over the reality that many more Americans now find themselves without health insurance. Enrollment in Affordable Care Act plans fell by…
California’s High-Speed Rail Authority repeatedly missed key deadlines to buy its trains, a failure federal officials cited when they pulled $4 billion in funding a year ago. More than a year and a half after the original deadline, the authority still cannot say when it expects to award the contract. The state says that the…
Academy Award-winning Irish singer-songwriter Glen Hansard died in a motorcycle crash in Dublin early Wednesday, his management said. He was 56. “With broken hearts, we announce the passing of Glen Hansard in the early hours of this morning,” ATC Management said in a statement to CBS News. Irish police said a man in his 50s…
Two Russian cosmonauts and a NASA astronaut closed out a 241-day stay aboard the International Space Station early Sunday with a fiery plunge back to Earth and an on-target touchdown on the broad steppe of Kazakhstan. Strapped into the Soyuz MS-28/74S ferry ship, commander Sergey Kud-Sverchkov, flight engineer Sergey Mikaev and NASA’s Chris Williams undocked…
To a majority of people who do not support Imran Khan’s Pakistan Tehreek-i-Insaf (PTI), its supporters and leaders appear largely irrational. This perception is driven by a narrative that posits that the words and actions of PTI supporters and party members frequently work against the long-term interests of their own leader and party. Whereas this…
