Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too."

Something huge is headed to America's shores -- and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen... "No matter how prepared you think you are, you aren't prepared enough," he warns.

Days After ESA Director Dismissed Competition From SpaceX's Starship, Ariane 6 Loses Customer To Elon Musk-Owned Company's Falcon 9

Anan Ashraf
June 28, 2024

Merely days after the European Space Agency’s Director of Space Transportation dismissed competition to its Ariane 6 from SpaceX‘s Starship, the European satellite launcher has lost one of its key contracts to SpaceX’s workhorse Falcon 9.

What Happened: The European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) on Friday said that its MTG-S1 sounding satellite will now be launched on a SpaceX Falcon 9 rocket in 2025.

"This decision was driven by exceptional circumstances," EUMETSAT Director-General Phil Evans said in a statement.

"It does not compromise our standard policy of supporting European partners, and we look forward to a successful SpaceX launch for this masterpiece of European technology."

The weather satellite operator was previously planning to launch the Meteosat Third Generation-Sounder 1 (MTG-S1) satellite on the third launch of Ariane 6 early next year. Ariane 6 is scheduled to have its first-ever launch, after several delays, early next month.

Why It Matters: Earlier this week, European Space Agency (ESA) director of space transportation Toni Tolker-Nielsen said in an interview with SpaceNews that SpaceX’s Starship will neither be a game changer nor a real competitor to Ariane 6.

While SpaceX's Starship is designed to fly people to the moon and Mars, ESA's Ariane 6 is to launch a four or five-ton satellite, the executive said.

"Starship will not eradicate Ariane 6 at all," Tolker-Nielsen said while adding that things might change in the future.

SpaceX’s Falcon 9, meanwhile has been launching the company’s satellites as well as those of other customers to space over years. SpaceX completed 50 launches of the Falcon 9 in the first five months of 2024 alone. Ariane 6, in comparison, is expected to have a maximum of only 10 fights a year until 2029, Tolker-Nielsen said.

SpaceX CEO Elon Musk has previously said the company is aiming for 12 launches per month in 2024, totaling 144 launches. In comparison, SpaceX only completed 96 launches in 2023, not including two Starship test flights. The company’s launch numbers have been steadily increasing, with 26 launches in 2020, 31 in 2021, and 61 in 2022.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read More: Nikola Delivers Hydrogen Fuel Cell Electric Semi-Truck To Walmart Canada

Photo via Shutterstock

Continue Reading...

Popular

Trump Reportedly Makes Decision On VP Pick, Says Running Mate Will Be At Debate

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

Stocks Show Modest Gains Ahead Of Fed's Inflation Report; Chipmakers Struggle, While Gold And Bitcoin Rebound: What's Driving Markets Thursday?

Wall Street experienced a subdued trading day on Thursday, as traders likely chose to remain on the sidelines in anticipation of Friday’s release of the Federal Reserve’s preferred inflation gauge.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

Trump Is Raising Enough Money To Wipe Out Biden's Once Significant Cash Advantage

The campaign of former President Donald Trump has seen a significant increase in donations, surpassing that of President Joe Biden, following Trump's felony conviction.

Warning: 2024 Election Year (New AI) - Ad

A famous trader just went public in D.C. with a NEW AI. You won't hear this in the media.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Fire at lithium battery factory in South Korea kills 1, leaves more than 20 missing

SEOUL, South Korea (AP) — A fire at a lithium battery manufacturing factory near South Korea's capital on Monday left one person dead, three injured and more than 20 others missing, officials said.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

VIDEO: Huge Cannabis March In Brazil As Supreme Court Considers Decriminalization

Watch the video of this Massive Cannabis March In Brazil advocating for cannabis reform as Supreme Court reconsiders decriminalization...

'Hamster' crypto craze has taken Iran. It highlights economic malaise ahead of presidential election

DUBAI, United Arab Emirates (AP) — Cab drivers and bikers tap away furiously on their mobile phones as they wait at red lights in the Iranian capital during an early June heatwave. Some pedestrians in Tehran are doing the same. They all believe they could get rich.

America's No. 1 AI Dividend Stock Revealed - Ad

Marc Lichtenfeld has just gone public with his No. 1 AI dividend stock. in his new "AI Income Playbook", you'll discover why this firm has become Marc Lichtenfeld's "No. 1 AI dividend stock"... Including its name, ticker symbol, and a full breakdown of its AI profit potential.

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

Event Contract Trading Signals Uncertainty In Apple Monopoly Case During WWDC

Apple's chance of being seen as monopoly fluctuated during WWDC, with event contract trader Kalshi reporting a high of 68% on April 11.

Your Second Chance to Profit from AI - Ad

If you missed out on Nvidia, don't worry. A 244-year-old pattern is about to trigger a $25.6 trillion AI surge... And send three overlooked stocks soaring 1,000%+

Micron Shares Slipping 8% After Hours 'Bad News' But 'Good News' Is The AI Trade Is Intact, Says Gene Munster

Micron Technology Inc. experienced a significant drop of nearly 8% in after-hours trading, following its latest earnings report. However, Gene Munster, the managing partner at Deepwater Asset Management, remains optimistic about the company's AI prospects.

Could This New Project Top $1T? - Ad

This billionaire has predicted that his new venture - something I'm calling "X-9840" - could become "a trillion dollar company." Today, only three companies in the US are worth more than $2 trillion. Microsoft... Apple...and Nvidia. This has nothing to do with electric vehicles... Self-driving cars, rockets, brain chips, or satellites.

Will Biden's Shaky Debate Performance Affect Cannabis Reform? How A Trump Return Could Reshape Marijuana Policy

President Joe Biden's shaky debate performance this week is stirring doubts among Democrats about his viability for reelection. As doubts about the president's electability circulate, questions

US Allies Urge Biden To Step Down After Disastrous Debate Performance: 'Important To Manage One's Ride Into The Sunset'

The European allies of the United States are calling for President Joe Biden to step down following his widely criticized performance in the recent presidential debate.

'Bombshell' Presentation Exposes Dark Side of Tech Billionaires - Ad

Blistering presentation exposes dark underbelly of Big Tech; their control over the economy and what you can do about it. If you watch just one presentation this year, make sure it's this one.

Russia Confirms Contact With US Over Possible Swap For Detained WSJ Reporter Evan Gershkovich

Russia has confirmed that discussions are underway with the United States regarding a potential prisoner exchange involving WSJ reporter Evan Gershkovich.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Joe Biden's Debate Performance Triggers Democratic Panic: 'Biden Sounds Hoarse, Looks Tired And Is Babbling'

President Joe Biden faced a challenging time during the recent presidential debate, leaving Democrats anxious about his ability to secure a second term.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

This Biopharma Stock Is Trading 23% Higher In Pre-Market After Wrapping Up $4M Public Offering

The public offering included 1,199,448 shares of common stock and pre-funded warrants to purchase up to 2,568,110 shares of common stock.

Tesla's Chinese Rival NIO Unveils Fourth-Generation Battery Swap Stations With Nvidia Chips, Multi-Brand Support: Report

NIO debuts advanced fourth-gen battery swap stations with NVIDIA chips, enabling autonomous capabilities and faster service, revolutionizing electric vehicle charging infrastructure in China.

This Billionaire's Final Masterpiece: "X-9840" - Ad

The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix... Just released the details on what he's calling Project X-9840. This business mogul is now set to revolutionize MONEY. He has said he could flip the switch "as early as mid 2024."

Shiba Inu, Ethereum, Chainlink Flash This 'Long-Term Bullish Signal' Despite Recent Drop

While the cryptocurrency market edged lower Thursday, several of the most popular coins showed a strong bullish indication. What Happened: Ethereum, Shiba Inu, and Chainlink endured significant losses during the day, as indicated below. 

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

General Motors Adjusts EV Production Target, Resumes Cruise Operations In Houston

GM's Cruise resumes operations in Houston. The company adjusted its EV production target; approved $6B stock buyback.

After Conviction, There Could Be More Bad News for Trump - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses

NEW YORK (AP) — Thousands of delivery drivers filed legal claims against on Tuesday, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service