What Does Trump's Presidency Mean for Elon Musk's AI Venture?

As new allies, Trump and Musk could reshape America's AI future. Elon Musk's AI startup, xAI, might gain the edge it needs to dominate the industry. A shift in government support, fewer barriers, and a potential "backdoor" into the AI race are just the beginning. Is xAI set to become Elon's most powerful venture yet?

SpaceX CEO Elon Musk Reveals Technical Glitch That Led Company To Drop Key Objective Of Starship's 6th Test Flight

Anan Ashraf
November 21, 2024

SpaceX decided not to catch Starship’s booster with the launch tower at Starbase on the rocket’s sixth test flight earlier this week as it lost communication with the launch tower computer, company CEO Elon Musk said on Wednesday.

What Happened: “Lost comms to the launch tower computer. Catch would probably still have worked, but we weren’t sure, so erred on the side of caution,” Musk wrote on social media platform X.

The sixth test flight of the Starship launched from Starbase on Nov. 19.

The booster lifted off but instead of returning it to the launch site as planned to be captured by the launch tower, the company chose to splash it down in the Gulf of Mexico where it subsequently exploded.

“Automated health checks of critical hardware on the launch and catch tower triggered an abort of the catch attempt,” SpaceX said about the decision.

The Starship spacecraft went in to space after separation from the booster, reentered Earth, and splashed down in the Indian Ocean.

SpaceX demonstrated its ability to catch the Starship booster back at the launch tower during its last flight test in October. The move is significant for the company’s vision of reusing the booster.

“We just passed 400 launches on Falcon (the company’s other launch vehicle), and I would not be surprised if we fly 400 Starship launches in the next four years,” SpaceX President and COO Gwynne Shotwell said at the Baron Investment Conference in New York last week.

Future Flights: For the upcoming flight test, SpaceX will attempt to land the Starship spacecraft in the ocean yet again.

“We will do one more ocean landing of the ship. If that goes well, then SpaceX will attempt to catch the ship with the tower,” Musk said on Tuesday.

SpaceX is aiming to make the Starship wholly reusable by landing both stages of the rocket back at Starbase after a launch.

The company’s workhorse- the Falcon 9 rocket- is only partially reusable.

Why It Matters: Starship is SpaceX’s most ambitious launch vehicle.

NASA’s Artemis 3 mission slated to launch no earlier than September 2026 is expected to enable humans to land back on the surface of the moon with the help of the Starship human landing system. The last time humans set foot on the Moon was in 1972 with Apollo 17. Since then, no crew has traveled beyond low-Earth orbit.

Musk, meanwhile, is eyeing taking humans to Earth’s neighboring planet Mars aboard the Starship. In September, he said that the first Starship launch to Mars is expected in 2026 and that it will not have a crew on board.

However, the Starship has yet to carry any payload to space.

While SpaceX is currently a privately held company, investors can leverage Destiny Tech100 Inc. (NYSE:DXYZ) to participate in the Musk-led space company's growth. According to data from Benzinga Pro, DXYZ has gained over 320% year-to-date.

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

Read Next:

  • BYD Makes A Million NEVs In Less Than 2 Months After Beating Tesla For The First Time Since 2022 In Quarterly Revenue

Photo courtesy: SpaceX

Popular

Warren Buffett Says Parents Should Do This One Thing Before They Die, Whether They Are Rich Or Not

Legendary investor Warren Buffett has a piece of critical advice for parents that he believes they should follow, regardless of their wealth status.

Joe Rogan Says Harris Avoided Podcast Due To One Issue

Joe Rogan opened up about the reasons why an interview with Kamala Harris before the 2024 election never happened.

Why Do So Many Billionaire Investors Seem Scared of This Bull Run? - Ad

Well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why you could soon face losses of 50% or more if you do nothing.

Mississippi Gulf Coast restaurant and its co-owner are sentenced for mislabeling seafood

GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of as local premium fish.

URGENT: Black Friday Flash Sale! (95%) Off - Ad

For the first time this year, we're allowing you to unlock a lifetime subscription to Behind the Markets and receive 6 exclusive reports at the biggest discount we've ever given. But there's a catch - You only have until midnight on Monday, December 2nd to accept it.

Gold is suddenly not so glittery after Trump's White House victory

NEW YORK (AP) — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election.

The Psychology of Retirement Income: From Saving to Spending

The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction. It’s a cold reality for many retirees.

Goldman Sachs: 300 Million People Are At Risk - Ad

The mainstream media are practically ignoring the most important financial story of the decade. Goldman Sachs, the IMF, JP Morgan, Bank of America, and Morgan Stanley have issued warnings. Yet most ordinary Americans have no idea. Now one former Trump advisor is sounding the alarm. "If people knew the full facts, there'd be blood in the streets."

Georgia Election Workers Demand Giuliani Be Held In Civil Contempt

Ruby Freeman and Wandrea "Shaye" Moss have filed a motion in federal court demanding that Rudy Giuliani be held in civil contempt.

Kissing the ring? MSNBC 'Morning Joe' hosts say they met with Trump to reopen lines of communication

MSNBC hosts Joe Scarborough and Mika Brzezinski, fierce critics of President-Elect Donald Trump, say they traveled to Mar-a-Lago for a meeting with him to reopen lines of communication that would better serve their morning show viewers.

Crypto's Biggest Bull Run Ever Is Underway ... Get In Now With a Special Deal. - Ad

Donald Trump has vowed to increase crypto mining in the United States ...As well as creating a strategic reserve for Bitcoin. Now you can learn how to play it with this exclusive offer. Because this one special coin could soar once Trump takes office. And it isn't Bitcoin.

Austria says Russia's Gazprom will cut off natural gas supply this weekend

VIENNA (AP) — Russia’s state-owned natural gas company Gazrom will cut off supplies to Austria’s OMV utility early Saturday, Austria’s chancellor said, adding that his country’s underground gas storage was full and that it had alternative, non-Russia supplies.

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

WASHINGTON (AP) — A computer expert who stole worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — was sentenced on Thursday to five years in prison.

Why Is This Bull Run Scaring JP Morgan, Goldman Sachs, and Warren Buffett? - Ad

Billionaires Warren Buffett, Stanley Druckenmiller, and David Tepper have all sold off massive U.S. stock positions. Billionaire Ray Dalio, who runs one of the world's most successful hedge funds, says, "Things are going to get worse for our economy." What are these billionaires so worried about?

Radical Jaguar rebrand and new logo sparks ire online

NEW YORK (AP) — A for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car.

LAST CHANCE: 95% Off Sale Ends Soon - Ad

For the first time this year, we're offering a lifetime membership of Behind the Markets for just $99. Typically, a lifetime subscription of Behind the Markets and our 6 exclusive reports would cost you $2,278. But for the next few days only, we've reduced that to just $99.

Dogecoin Is 'Harder Money' Than Bitcoin, Says Raoul Pal: Here's What The Numbers Say

Dogecoin (CRYPTO: DOGE) rallied 17% over the past week, spurred by speculation around Elon Musk's X Payments platform potentially incorporating DOGE.

Donald Trump Can't Save You From This Crisis - Ad

A huge economic crisis is about to strike America. 12 months from today, our country could be unrecognizable. That's why I've recorded this video and released it for free. Inside, I lay out exactly what's happening and several critical moves I believe every American should make right now.

Weekend Round-Up: AI Dominates Headlines With Nvidia, Elon Musk, And Hollywood's Big Names

From Nvidia's impressive Q3 earnings to Elon Musk's bold predictions about AI, the tech world has been abuzz with exciting developments.

Will President Trump's "MAGA-Secret" Ignite Stocks in 2025? - Ad

It's responsible for the biggest wins in stock market history. It predicted Trump's sweeping victory. And now, this pattern says a handful of niche-sectors are poised to surge. Of course, most people don't know how this pattern works. But millionaire-trader Jeff Clark has used it for 40 years to generate over 1,000 winning trade recommendations.

Trump Responds 'TRUE!' To Conservative's Claim That Military Will Be Used Against Immigrants

Twice-impeached Trump often makes graphic criticisms of migrants, including unsubstantiated claims that linked them to crime and violence.

Stock Of The Day: Is Pfizer Set Up To Rally?

Shares of Pfizer (PFE) may be about to reverse and head higher. They are both oversold and at a support level.

Is NVDA a Sell? Buy This Stock Instead Before Dec 3 - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here...Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 3rd.

What to know about the plastic pollution treaty talks in South Korea

A last round of negotiations on a to address the global scourge of plastic pollution has opened in . Here's what to know about it:

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Trump fills out his economic team with two veterans of his first administration

WEST PALM BEACH, Fla. (AP) — President-elect is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team.

Astros ballpark to be renamed Daikin Park from Minute Maid Park on Jan. 1

HOUSTON (AP) — The Houston Astros' home will get a new name on Jan. 1, becoming Daikin Park under an agreement through the 2039 season the team announced Monday.

Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad

U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No.1 tech stock Wall Street says to sell NOW.

Ransomware attack on software supplier disrupts operations for Starbucks and other retailers

NEW YORK (AP) — A ransomware attack that hit a major software provider last week caused disruptions for a handful of companies over recent days, from Starbucks to U.K. grocery giant Morrisons.

Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.

Could Elon Launch a $100 Billion "Super IPO" This Year? - Ad

Elon Musk has become Trump's most trusted advisors. According to one legendary investor...We are leading up to the world's first "Super-IPO" -- a company creating over $100 billion on the first day it goes public! Knowing about this "backdoor" play could be the best way to profit before the IPO... Starting with as little as $50.

The IRS is at risk of losing $20 billion in funding without legislative intervention

WEST PALM BEACH, Fla. (AP) — Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen.

Internet entrepreneur Kim Dotcom has suffered a serious stroke, a post on his X account says

WELLINGTON, New Zealand (AP) — Kim Dotcom, the internet entrepreneur fighting deportation from New Zealand to the United States on charges relating to his file-sharing website Megaupload, has suffered a “serious stroke”, a post on his X account said Monday.

2025 Is Looking Like a Huge Year for Crypto... - Ad

With Trump's return to the White House, crypto expert Juan Villaverde believes crypto could start a massive run-up ...Sending Bitcoin to $150,000 or more ...And one special coin could do even better. And for one day only ... you can access Juan's research for a special low price.

'Busiest Thanksgiving ever': How the TSA plans to handle record air travel

DALLAS (AP) — Just as there are good odds the turkey will taste dry, airports and highways are expected to be jam-packed week, a holiday period likely to end in for air travel in the United States.

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