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Category: Elon Musk

By betting on Starship, which entails a host of development risks, NASA is taking a chance on what would be a much brighter future. One in which not a handful of astronauts go to the Moon or Mars, but dozens and then hundreds. In this sense, Starship represents a radical departure for NASA and human exploration.

“If Starship meets the goals Elon Musk has set for it, Starship getting this contract is like the US government supporting the railroads in the old west here on Earth,” said Rick Tumlinson, a proponent of human settlement of the Solar System. “It is transformational to degrees no one today can understand.”

We will nonetheless try to understand some of the ways in which Starship could prove transformational.

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Are we gonna get paid just to live in an automated world?

We may need to pay people just to live in an automated world, says Elon Musk. He reckons the robot revolution is inevitable and it’s going to take all the jobs.

For humans to survive in an automated world, he said that governments are going to be forced to bring in a universal basic income—paying each citizen a certain amount of money so they can afford to survive. According to Musk, there aren’t likely to be any other options.

“There is a pretty good chance we end up with a universal basic income, or something like that, due to automation,” he told CNBC in an interview. “Yeah, I am not sure what else one would do. I think that is what would happen.”

The idea behind universal basic income is to replace all the different sources of welfare, which are hard to administer and come with policing costs. Instead, the government gives everyone a lump sum each month—the size of which would vary depending on political beliefs—and they can spend it however they want.

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Elon Musk’s SpaceX plans to send civilians into low-Earth orbit this year. Virgin Galactic is training space travellers. Companies aim to open hotels in space, and offer space day trips, within a few years. We assess the state of play in the nascent space tourism industry.

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NASA officially announced that it’s going to announce who it will choose to build a rocket capable of bringing the first astronauts to the Moon’s surface since the Apollo missions.

But news of the decision may have just leaked to The Washington Post a little early.

According to documents obtained by the newspaper, NASA has officially chosen Elon Musk’s SpaceX to to build a lunar lander variant of its Starship spacecraft as part of the agency’s Artemis program — an extraordinary coup for the spacetech startup.

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The fortunes of the founders and senior management of carmakers listing in Shanghai rest on investors’ continuing love of NEV stocks as they cannot sell their shares during a lock-up period on the Star Market for several years. The 500-per cent surge in Tesla’s share price has propelled chief executive Elon Musk to become the world’s wealthiest man last month, beating fellow centibillionaire Jeff Bezos of Amazon.com. Here are some of the biggest upcoming fundraising drives and new entrants to watch in the industry in the coming months:

We flag the biggest upcoming fundraising drives by Chinese electric car companies in 2021 and point out the new entrants to watch in the booming industry.

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Elon Musk’s SpaceX added more money to its February equity raise, with the amended total reaching nearly $1.2 billion.

Elon Musk’s SpaceX added more money to its most recent equity raise, according to a securities filing on Wednesday.

SpaceX held a second close of about $314 million, adding to the $850 million that CNBC reported the company raised in February. The amendment brings the round’s new total equity raised to $1.16 billion, which the company raised at a valuation of about $74 billion.

Strong demand for the company’s shares centers around its ambitious Starship and Starlink projects.

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Neuralink, co-founded by Elon Musk in 2016, has revealed a macaque with chips embedded on each side of its brain, playing a mind-controlled version of the 1972 video game, Pong.

Although established in 2016, Neuralink remained secretive about its work until July 2019, when Musk presented his concept for a new brain–machine interface (BMI). Not only would this help physically diseased or injured people, Musk believed it could also treat mental illness – and even be used by healthy individuals who might wish to enhance themselves.

A prototype in August 2020 demonstrated the Neuralink technology in a pig. This coin-sized chip, featuring a read/write link, contained 1024 channels with a wireless megabit data rate and all-day battery life. Brain signals conveying the pig’s sense of smell could be seen in real time. The FDA had by then approved it as a breakthrough device, allowing use in limited human trials under the US federal guidelines for testing medical devices.

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