Is there an economic downturn in space?

Is there an economic downturn in space?

[Editor's Note: Yesterday, we heard from William Pomerantz, who runs Google's Lunar X Prize, on how private enterprise may give NASA and America's space program a much-needed infusion. One question he didn't touch on is how the current economic downturn may affect these space privateers... Continue Reading

SpaceX finally gets a rocket into space

SpaceX finally gets a rocket into space

Elon Musk’s Space Exploration Technologies Corporation (SpaceX) has met with success on its fourth attempt to get a privately designed rocket into orbit.

SpaceX has now proven that a startup can replicate the success of huge efforts made by the United States and Soviet space programs… Continue Reading

Private rocket company SpaceX gets $20M from The Founders Fund

Private rocket company SpaceX gets $20M from The Founders Fund

Space Exploration Technology Corp., the company created by PayPal co-founder Elon Musk and better-known as SpaceX, has raised $20 million from The Founders Fund.

This is the first time SpaceX has raised outside funding, according to the Wall Street Journal; Musk previously invested $100 million of… Continue Reading

Roundup: Agami shuts down, Amazon’s new book-site collection, and more

Roundup: Agami shuts down, Amazon’s new book-site collection, and more

Toyota working on Segway killer — The transportation robot is called Winglet and comes in three sizes. See screenshot, via ZDnet.

Network storage company Agami shuts down — The Sunnyvale, Calif. company raised $85 million and competed against companies that went public, including 3Par. The shut-down was sudden,… Continue Reading