Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.Politicsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Rocket Lab launched its third Electron rocket this year early Sunday morning, in the company's first mission for NASA.
The mission sent 13 spacecraft to orbit in an operation known as Educational Launch of Nanosatellites 19 (ELaNA-19). Rocket Lab is the first company to fly under NASA's Venture Class Launch Services (VCLS) program. Under the intiative, the government hopes to push the boundaries of cheap, reliable launches with the budding market of new small rocket services.
"All payloads deployed," Rocket Lab's CEO said in a tweet. "Perfect mission."
Rocket Lab builds small rockets, priced at about $5.7 million a launch. The company's Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market.
"It's only been four weeks" since the company's first commercial launch last month, Rocket Lab CEO Peter Beck told CNBC before the launch.
"It took others in the industry many, many, many years to" begin launching rockets at least once a month, Beck added.
Rocket Lab is also fresh off another milestone: The company in November announced a $140 million investment round led by Australia's sovereign wealth fund. Those new funds will help Rocket Lab expand its lead on the budding industry of small rocket companies, as the round is "dry powder" for scaling production, building launchpads and accelerating research and development. Beck estimates there are over 100 rocket companies in total trying to catch up.
Even after the recent string of successes, Beck isn't slowing down. He said it's an honor to be flying NASA payloads so quickly – but put comparable significance on how quickly Rocket Lab is launching.
"I think, equally important, is that weeks later we're back on the pad ready to launch again," Beck said. "We'll have another vehicle out at the pad in January."
The specific Electron rocket for this mission was dubbed "This one's for Pickering." The company said that's to honor Sir William Pickering – a scientist born in New Zealand and former director of NASA's Jet Propulsion Laboratory for 22 years.
While Beck said he never got to meet Pickering personally, there were a number of Pickering family members who came watch the launch in person.
"Within NASA he is royalty and in New Zealand he is science royalty," Beck said.