SpaceX, led by Elon Musk, is establishing an in-house foundry in Bastrop, Texas, to produce high-spec gas turbine blades and vanes. This strategic move aims to alleviate a critical supply chain bottleneck hindering power generation for AI data centres in the US and accelerate natural gas turbine availability by up to 18 months. The facility will also leverage synergies with aerospace component manufacturing.
With Elon Musk reportedly entering the trillionaire club after the SpaceX IPO, here's a fun guide to the biggest number most of us will never see outside a calculator and fancy dreams.
'We are ready to help Prime Minister Modi achieve his vision of 100 per cent connectivity throughout India -- a vision all of our company, including Elon, shares,' Lauren Dreyer, vice-president of Starlink business operations at SpaceX, said at the pre-business day of the India Mobile Congress in New Delhi.
Elon Musk's Tesla has unveiled a new Roadster capable of 'kickflipping' in mid-air using aerospace-inspired technology, showcasing a vision of flying cars and extraordinary acceleration.
Elon Musk, already the world's richest person, may soon become the first trillionaire as his space and AI company, SpaceX, prepares for a public listing. The IPO is expected to be the largest ever, surpassing Aramco's 2020 listing, but recent filings reveal a challenging financial picture for SpaceX.
Elon Musk, CEO of SpaceX, stated that Starlink's services in India must be affordable for widespread adoption and that competition would benefit consumers, despite potentially reducing Reliance Jio's profits. He criticised Reliance Jio as a 'de facto monopoly' in India, alleging that certain business conglomerates were blocking Starlink's entry.
Eutelsat OneWeb, a satellite communications company, is awaiting approvals from the Indian central government to launch its services, as confirmed by Sunil Mittal, chairman of Bharti Enterprises, the largest shareholder in the Eutelsat group.
Bharti Airtel Chairman Sunil Bharti Mittal stated that his satcom venture, Eutelsat OneWeb, is 'significantly ahead' of Elon Musk's Starlink in the Indian satcom queue, having applied for a licence five years ago, and expressed a desire to receive regulatory approval before Starlink.
Akash Ambani is leading Jio Platforms' initial public offering (IPO), set to be India's largest, with a strategy that includes appealing to regional investors and drawing parallels to his grandfather Dhirubhai Ambani's historic public listing of Reliance Industries.
Elon Musk has renewed his criticism of Mukesh Ambani regarding Starlink's entry into India, accusing Ambani's supporters of hypocrisy for simultaneously claiming Starlink can't compete with low prices and that it poses a strong competitive threat. Musk argues that competition would benefit Indian consumers and that Starlink would adjust pricing if too expensive. He also shared reports alleging Reliance-funded political donations. Communications Minister Jyotiraditya Scindia stated India does not permit monopolies and that multiple players, including Starlink, have received satcom licences.
SpaceX and Tesla are jointly investing USD 16.8 billion to construct 'Terafab', an advanced AI semiconductor complex in Grimes County, Texas. This massive facility aims to address the global chip supply shortage, create thousands of jobs, and produce AI chips for Elon Musk's various ventures, including Tesla's robots and SpaceX's orbital data centres. The project is supported by a USD 30 million grant from the Texas government.
President Donald Trump is hosting a lavish state dinner for Chinese President Xi Jinping at the White House. The event, meticulously prepared by First Lady Melania Trump, features a unique blend of American and Chinese culinary traditions, a historic toast, and a star-studded guest list including top tech and business leaders. The evening will also include musical performances and decor reflecting Chinese cultural significance.
'I don't think the government will sacrifice such a fine institution for monetary gains.'
Indian-origin NASA astronaut Anil Menon, along with two Russian cosmonauts, has embarked on an eight-month mission to the International Space Station (ISS) aboard a Soyuz MS-29 spacecraft. This marks Menon's first spaceflight, where he will conduct scientific research and technology demonstrations focused on human space exploration, microgravity effects, and in-space production of advanced materials.
Nasa astronaut Anil Menon, along with Russian cosmonauts Pyotr Dubrov and Anna Kikina, has embarked on an eight-month mission to the International Space Station (ISS) aboard a Soyuz MS-29 spacecraft, lifting off from Kazakhstan.
Anil Menon, a NASA astronaut of Indian descent, is embarking on an eight-month mission to the International Space Station. A former US Space Force colonel and emergency medicine physician, Menon will conduct vital experiments on the physiological effects of long-duration spaceflight, develop in-space medical technologies, and research semiconductor crystal production, contributing significantly to future deep-space missions and advanced technology.
Jeff Bezos' Blue Origin experienced a major setback as its New Glenn rocket exploded during an engine-firing test at a launch pad in Florida, raising concerns about its ability to compete with SpaceX in the commercial space race.
'The Indian private space sector is no longer a high-risk bet; it is a highly bankable, globally competitive asset class capable of easing the global small satellite launch bottleneck.'
Investors should do thorough due diligence when selecting a platform.
'The solution is to replace, clean up, retest and proceed.' 'There is nothing to worry about if corrected.'
The appointment comes as Agnikul prepares for Mission 02, a flight that will attempt, for the first time on Indian soil, the recovery of an orbital-class rocket booster and the extension of a rocket's upper stage into an on-orbit platform.
'ISRO is planning to build a Bharatiya Antariksh Station by 2030. So, our goal is to create a vehicle that can supply modules to the Bharatiya Antariksh Station and bring the products back.'
Bharti Airtel is strategically shifting its focus towards data centres, cloud services, and financial services as key drivers for its next phase of growth, leveraging significant past investments in digital infrastructure, as outlined by Chairman Sunil Mittal in the company's Annual Report for 2025-26.
The Elon Musk-headed SpaceX's newest Starship exploded ahead of a routine engine test in Texas, leading to a complete loss of the aircraft and damage to the immediate area surrounding the stand, the company has said.
The report notes that equities had faced pressure from elevated valuation premiums, subdued nominal gross domestic product (GDP) and earnings growth, sustained foreign portfolio investor (FPI) selling, artificial intelligence (AI) infrastructure euphoria, and external shocks including US tariffs and a spike in crude oil prices due to geopolitical tensions in West Asia. However, several of these factors are now reversing.
While recovery efforts are ongoing, the likelihood of recovery currently appears low.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Elon Musk's Starlink is in "active and productive discussions" with the Indian government, awaiting final regulatory clearance, including spectrum allocation, to launch its satellite internet services, despite media reports suggesting a freeze on approvals.
The explosion forced airline flights over the Gulf of Mexico to alter course to avoid falling debris.
Engineers from Space X said that the 400-foot-tall ship, launched from the company's Starbase facility near Boca Chica Beach in Texas, lost altitude control after several engines stopped working 20 seconds before the end of the ascent burn.
Foreign Portfolio Investors (FPIs) have withdrawn nearly Rs 43,000 crore from Indian equities in the first week of June, contributing to a total outflow of Rs 2.67 lakh crore in 2026, driven by a global shift towards technology and AI-linked opportunities and persistent rupee depreciation.
Shares of Reliance Industries as well as Bharti Airtel began the trade on a positive note on Wednesday after the two firms announced their partnerships with Elon Musk's SpaceX for providing high-speed internet services in India. Bharti Airtel stock opened with a gain of 5.49 pc to hit a high of Rs 1,388.25 apiece on the National Stock Exchange (NSE). Soon, it pared all gains and traded 0.77 per cent lower to Rs 1,650.10 per piece.
On Friday, SpaceX and NASA launched a mission to bring back US astronauts Sunita Williams and Butch Wilmore from the ISS, where they have been stranded for nine months.
Telecom operator Bharti Airtel on Tuesday said it has partnered with Elon Musk's SpaceX for providing Starlink's high-speed internet services to its customers in India. This agreement is subject to SpaceX receiving authorisations to sell Starlink's satellite communications-based services in India, Airtel said in a statement.
Sunita Williams and Butch Wilmore have been stranded on the ISS for nine months after reaching there in June last year. They were supposed to stay there for about a week.
The Reliance Industries' digital services company Jio Platforms Limited has signed an agreement with SpaceX to offer Starlink's broadband internet services to its customers in India, the company said on Wednesday. The agreement is subject to SpaceX receiving authorisation to sell Starlink in India. The development came a day after Jio's rival Bharti Airtel signed a similar pact with SpaceX.
US President Donald Trump met with Chinese President Xi Jinping in Beijing to discuss trade, technology, Taiwan, and the Iran war. Xi Jinping said that 2026 will be a 'historic, landmark year' for China-US relations.
Vi partners SpaceX-rival AST SpaceMobile for satcom service on smartphones
US President Donald Trump and Chinese President Xi Jinping met in Beijing to discuss a range of issues, including trade frictions and the war in Iran.
Concerns are rising about the status of GalaxEye Space's Mission Drishti, India's first Made in India OptoSAR satellite, launched on May 3. Reports suggest the satellite is tumbling in space, and experts highlight potential issues with solar panel deployment and stabilisation. The company has remained silent on the matter, fueling further speculation.
