The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
June 11 (Reuters) - Relativity Space, a venture-backed rocket maker, said on Tuesday it will lease space from NASA in Mississippi, where its gigantic 3D printers will produce low-cost rockets to be used to launch small-payload satellites into orbit. The lease, for 220,000 square feet (20,000 square meters) at NASAs Stennis Space Center rocket-testing facility, is the latest step for the Los Angeles-based company in its ultimate mission to 3D print rockets on Mars, a goal Relativitys chief executive, Tim Ellis, says is a prerequisite for space colonization. First the company must perfect a system where machine-learning robots can manufacture and assemble its flagship Terran 1 rocket in space without help from humans, a target that Relativity hopes will be reached with cash generated from launching small satellites on its rockets built at the Stennis facility.
The Stennis center will eventually employ 200 engineers, nearly double the company's current workforce of 90. The state of Mississippi offered a significant incentive package, the company said in a statement.
Were reducing the human labor component significantly, said Ellis, a veteran from Jeff Bezos space firm Blue Origin, referring to Relativitys two-story-tall 3D printer arms named Stargate.
Stargate will enable the production of an entire rocket in under 60 days, said Ellis, who is looking to launch nearly two dozen a year in the next five years to prove the company's production method. Terran 1s debut launch is expected in 2020, costing satellite makers $10 million per flight and carrying around 2,755 pounds (1,250 KG) to low earth orbit. That lands the company between U.S.-New Zealand competitor Rocket Lab, whose Electron rocket aims to send nearly 500 pounds to space for $5.7 million, and Cedar Park, Texas-based Firefly Aerospace Incs Alpha rocket, which is expected to loft 2,200 pounds (1,000 kg) into low-Earth orbit at a cost of $15 million per flight.
The companies make up a growing portion of the U.S. launch industry, which is currently filled by larger rockets from Boeing-Lockheed venture United Launch Alliance and Elon Musk's SpaceX. The smaller rockets are tailored to loft swarms of small satellites and mixed payloads into orbit, catering to an increasingly popular portion of the satellite industry.
(Reporting by Joey Roulette; Editing by Greg Mitchell and Steve Orlofsky)