A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The key to opening up low-Earth orbit, and space travel in general, is building rockets and spacecraft that are almost entirely reusable, said Elon Musk.
Spacecraft have to become as much like any terrestrial or sea-faring vehicle as possible — meaning they can be reused again and again —Musk said, speaking at the International Space Station Research and Design conference in Washington D.C. on Wednesday.
SpaceX made history in March when it was the first to launch an orbital class rocket into space twice. The company has excelled in driving down the cost of launches, and SpaceX has said reusing them can further push down costs, and dramatically reduce turnaround time, allowing for more launches.
"It's super hard with space, because we live on a planet with pretty high gravity," Musk said. This is due to the immense stress placed on spacecraft as it travels in and out of Earth's atmosphere.
Still though, it is worth it.
"The analogy I use with my team is 'guys imagine we had 6 million dollars on a pallet of cash,' " Musk said. "Six million dollars is falling through the sky. Would we try to catch it?'"
Musk said he thinks the next reused rocket can be launched for about half the cost of launching a new one.
He also said that the Falcon 9 booster might be able to be reflown in 24 hours, by possibly as soon as the end of next year.
"The key to that is you do inspections, and no hardware is changed, not even the paint," he said.