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Elon Musk shakes up SpaceX in race to make satellite launch window

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

 SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.

SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company’s growth.

Within hours of landing, Musk had fired at least seven members of the program’s senior management team at the Redmond, Washington, office, the culmination of disagreements over the pace at which the team was developing and testing its Starlink satellites, according to the two SpaceX employees with direct knowledge of the situation.

Known for pushing aggressive deadlines, Musk quickly brought in new managers from SpaceX headquarters in California to replace a number of the managers he fired. Their mandate: Launch SpaceX’s first batch of US-made satellites by the middle of next year, the sources said.

The management shakeup and the launch timeline, previously unreported, illustrate how quickly Musk wants to bring online SpaceX’s Starlink program, which is competing with OneWeb and Canada’s Telesat to be first to market with a new satellite-based Internet service.

Those services – essentially a constellation of satellites that will bring high-speed Internet to rural and suburban locations globally – are key to generating the cash that privately-held SpaceX needs to fund Musk’s real dream of developing a new rocket capable of flying paying customers to the moon and eventually trying to colonize Mars.

“It would be like rebuilding the Internet in space,” Musk told an audience in 2015 when he unveiled Starlink. “The goal would be to have a majority of long-distance Internet traffic go over this network.”

But the program is struggling to hire and retain staff, the employees said. Currently, about 300 SpaceX employees work on Starlink in Redmond, the sources said. According to GeekWire, Musk said in 2015 the Redmond operation would have “probably several hundred people, maybe a thousand people” after 3-4 years in operation.

So far this year, about 50 employees left the company “on their own accord,” one of the SpaceX employees said, though the reason for those departures was unclear. Overall, SpaceX employs more than 6,000 staff.

As of Tuesday, there were 22 job openings – including a job making espresso drinks – for the Redmond office, according to SpaceX’s website.

SpaceX spokeswoman Eva Behrend told Reuters the Redmond office remains an essential part of the company’s efforts to build a next-generation satellite network.

“Given the success of our recent Starlink demonstration satellites, we have incorporated lessons learned and re-organized to allow for the next design iteration to be flown in short order,” Behrend said.

She had no further comment on the reorganization or the launch window, but noted the strategy was similar to the rapid iteration in design and testing which led to the success of its rockets.

Among the managers fired from the Redmond office was SpaceX Vice President of Satellites Rajeev Badyal, an engineering and hardware veteran of Microsoft Corp and Hewlett-Packard, and top designer Mark Krebs, who worked in Google’s satellite and aircraft division, the employees said. Krebs declined to comment, and Badyal did not respond to requests for comment.

The management shakeup followed in-fighting over pressure from Musk to speed up satellite testing schedules, one of the sources said. SpaceX’s Behrend offered no comment on the matter.

Culture was also a challenge for recent hires, a second source said. A number of the managers had been hired from nearby technology giant Microsoft, where workers were more accustomed to longer development schedules than Musk’s famously short deadlines.

“Rajeev wanted three more iterations of test satellites,” one of the sources said. “Elon thinks we can do the job with cheaper and simpler satellites, sooner.”

A billionaire and Chief Executive Officer of Tesla Inc, Musk is known for ambitious projects ranging from auto electrification and rocket-building to high-speed transit tunnels.

A Musk trust owns 54 percent of the outstanding stock of SpaceX, according to a 2016 US Securities and Exchange Commission filing, SpaceX’s most recent.

June 2019 Launch Goal

SpaceX has said it would launch its satellites in phases through 2024. It goal of having Internet service available in 2020 is “pretty much on target” with an initial satellite launch by mid-2019, one of the sources said.

OneWeb aims for a first launch between December and February 2019, while Telesat was targeting 2022 for broadband services.

SpaceX employees told Reuters that two Starlink test satellites launched in February, dubbed Tintin A and B, were functioning as intended. The company is refining the orbital path of the satellites after the US Federal Communications Commission, which oversees satellites in orbit, approved a request from SpaceX to expand Tintins’ altitude range, one of the sources said.

The FCC confirmed SpaceX’s modifications, which have not been reported previously, but declined further comment.

“We’re using the Tintins to explore that modification,” one of the SpaceX employee sources said. “They’re happy and healthy and we’re talking with them every time they pass a ground station, dozens of times a day.”

SpaceX engineers have used the two test satellites to play online video games at SpaceX headquarters in Hawthorne, California and the Redmond office, the source said.

“We were streaming 4k YouTube and playing ‘Counter-Strike: Global Offensive’ from Hawthorne to Redmond in the first week,” the person added.

More Satellites

In March, the FCC approved Musk’s plan to beam down Internet signals from 4,425 small satellites launched into standard low-Earth orbit – more than two times the total number of active satellites there presently.

One SpaceX engineer told Reuters the company has studied plans to add roughly 10,000 additional satellites after its first array is live to meet bandwidth demand in the coming 20 years. Behrend declined to comment on the plans and referred to a previous FCC filing, which states an additional 7,518 satellites are under consideration.

Such a move would keep it in the race to expand affordable high-speed Internet access to billions of people in rural or suburban areas globally. The Satellite Industry Association, a lobby group, estimates the global market for satellite-based broadband and television services is worth $127.7 billion, dwarfing the roughly $5.5 billion satellite launch services market.

McLean, Virginia-based OneWeb is working to provide internet service from roughly 900 satellites after raising more than $2 billion from SoftBank, the Coca-Cola Company and others.

Telesat, backed by Loral Space & Communications Inc, said on Oct. 23 it conducted the first-ever live test of in-flight broadband via a satellite in low-Earth orbit, and was targeting 2022 for broadband services from a constellation of some 300 satellites.

SpaceX aims to provide Internet service by linking its satellites to ground stations and mountable terminals about the size of a pizza box at homes or businesses, according to the FCC filing. The US market for broadband is already dominated by several incumbent communications companies, including Comcast Corporation. Comcast declined to comment on the potential new competition.

While SpaceX’s model of reusing rockets has generated cash, it is not enough to cover the roughly $5 billion cost to develop its Big Falcon Rocket that Musk wants one day to fly to Mars.

“There had to be a much bigger idea for generating cash to basically realize the Mars plans,” said one of the SpaceX employees. “What better idea than to put Comcast out of business?”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Donald Trump contends US Constitution does not cover birthright citizenship

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

 President Donald Trump said on Wednesday the US Constitution does not guarantee the right to citizenship to everyone born in the country, an assertion that runs counter to the long-established legal interpretation of the document.

President Donald Trump said on Wednesday the US Constitution does not guarantee the right to citizenship to everyone born in the country, an assertion that runs counter to the long-established legal interpretation of the document.

“So-called Birthright Citizenship, which costs our Country billions of dollars and is very unfair to our citizens, will be ended one way or the other. It is not covered by the 14th Amendment because of the words ‘subject to the jurisdiction thereof.’ Many legal scholars agree…..” Trump wrote in a Twitter post six days before US congressional elections.

The Constitution’s 14th Amendment, added after the Civil War, grants citizenship to anyone born on American soil and was intended to give constitutional protections to former slaves. But some Republicans, including Trump, say it creates an incentive for people to enter the country illegally to have children.

George Conway, the lawyer husband of one of Trump’s top advisers, Kellyanne Conway, wrote in an opinion piece in the Washington Post on Wednesday that such a move to end birthright citizenship would be unconstitutional.

“Sometimes the Constitution’s text is plain as day and bars what politicians seek to do. That’s the case with President Trump’s proposal to end ‘birthright citizenship’ through an executive order,” the attorney wrote.

White House Press Secretary Sarah Sanders said in an interview with Fox News on Wednesday there was “more than just one piece of the puzzle” on immigration.

“The president wants to see a total reform take place. We have massive loopholes in our immigration system that we have to close or we’re just going to continue kicking the can down the road,” she added.

Trump first raised the issue of scrapping birthright citizenship on Tuesday. The proposal gained support from Republican Senator Lindsey Graham, a Trump ally. But other party members were critical, including House of Representatives Speaker Paul Ryan, who said the president could not end the right with the stroke of a pen.

Trump – who has made rhetoric against illegal immigrants and policies to curb both illegal and legal immigration key themes of his presidency – has raised it in rallies ahead of the Nov. 6 election, in which Republicans are trying to maintain control of Congress in the face of challenges by Democrats.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Amrapali affairs run by a syndicate: Forensic auditor tells SC

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The Supreme Court was on Wednesday told by forensic auditors that affairs of the real estate major Amrapali group of companies were being run by a “syndicate” and that group’s former Chief Financial Officer and statutory auditor were part of it.

The Supreme Court was on Wednesday told by forensic auditors that affairs of the real estate major Amrapali group of companies were being run by a “syndicate” and that group’s former Chief Financial Officer and statutory auditor were part of it.

“I don’t have an iota of doubt that statutory auditors were very much part of the syndicate,” forensic auditor Pawan Aggarwal told the bench of Justice Arun Mishra and Justice Uday Umesh Lalit, also pointing out that the real estate group paid Rs 2 crore income tax of its former CFO and also gave him a BMW car costing about Rs 43 lakh.

“It was a syndicate where CFO and statutory auditor were part of it”, Aggarwal told the court.

Forensic auditors are checking the accounts of Amrapali group of companies on the direction of the top court.

Aggarwal also informed the court that every day they were stumbling on new set of companies which were used by the real estate major for channeling its transaction.

Telling the court that “every day we are finding news companies”, Aggarwal estimated that there may be a network of 200 to 225 such companies.

Pointing to the gross involvement of statutory auditor Anil Mittal in these companies, Aggarwal told the court that the “relatives of statutory auditor, his wife and brother are grossly involved” in these companies.

Mittal told the court that he received around Rs 50-60 crore from the group beyond his work and the money was put in these companies for routing transaction.

In one instance the money was put in one such company for payment to Mauritius-based J.P. Morgan for the loan taken from it, Mittal told the court.

He told the court that he got into it on the suggestion of former CFO Chander Wadhwa.

Forensic auditors also informed the court that though in pursuance to its October 26 order, Amrapali has handed them computers and two laptops, but not the password.

The court wanted to know if RBI rules were followed in making payments to J.P. Morgan in Mauritius.

Counsel for J.P. Morgan – both for Mauritius and Singapore – told the court that they would furnish all the details as there was a mismatch in the amount that Amrapali said that they have to pay to Morgan and the amount that Morgan said it had to receive.

The court directed Amrapalli to give the password of the computers to the forensic auditors, including information on the accounts of the companies in each computer.

The next hearing is on November 13.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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 5 Minutes Read

Railways increases freight rates for major commodities by almost 9%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The railways has effected a 8.75-percent increase in freight rates for major commodities such as coal, steel, iron ore, and raw materials for steel plants, according to an official statement on Wednesday.

The railways has effected a 8.75-percent increase in freight rates for major commodities such as coal, steel, iron ore, and raw materials for steel plants, according to an official statement on Wednesday.

“The decision to rationalise freight rates will result in additional revenue generation for Indian Railways to the tune of Rs 3,344 crore. The additional revenue will further help enhance various aspects of Railways including safety, service, punctuality,” the statement said.

The freight rates for food grains, flours, pulses, fertilisers, salt and sugar have not been increased, keeping in mind farmers and the common man. Freight rates for cement and petroleum products, including diesel, have also not been increased.

Haulage charges for containers have been increased by 5 percent and freight rates of other small goods have been increased by 8.75 percent.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?