
Rocket launch in Florida: SpaceX Falcon 9 sends Starlink to orbit as Donald Trump pushes deregulation for space industry
Thursday Morning liftoff and booster landing
Liftoff occurred at 8:29 a.m. from Launch Complex 40, with favorable weather conditions reported by the 45th Weather Squadron. About eight minutes after launch, the first-stage booster landed on the Just Read the Instructions drone ship in the Atlantic Ocean, completing its 10th flight. The booster has previously supported three Starlink missions, Crew-9, RRT-1, Firefly Blue Ghost Mission 1, Fram2, SXM-10, and MTG-S1.
The launch was SpaceX's second in less than 10 hours, following a Starlink mission from Vandenberg Space Force Base in California earlier the same morning.
Artemis II will launch on its mission around the Moon in early 2026. The crew is training, the rocket is stacking, and all the pieces are coming together.Our experts will be on @Reddit to take your @NASAArtemis questions on Aug. 14 at 1pm ET (1700 UTC): https://t.co/yzlYmjbQki pic.twitter.com/Z98B17fhy1
Countdown timeline and preparations
Final preparations began 38 minutes before liftoff when the launch director gave the 'go' for propellant load. Rocket-grade kerosene and liquid oxygen loading began for the first stage, followed by second-stage fueling 16 minutes before launch. Engine chill began at T-minus seven minutes, and final prelaunch checks occurred in the last minute before ignition.
Brevard County Emergency Management activated its launch operations support team ahead of the mission, and fueling was underway by 8:00 a.m. without any delays.
8/14/2025 5:50 AM | We have activated our launch operations support team in preparation for the SpaceX Falcon9 launch. Window: 6:47 AM - 10:47 AM pic.twitter.com/EslRbIhG3V
New White House order on commercial space rules
The launch took place against the backdrop of a policy change in Washington. On Wednesday, President Donald Trump signed an executive order directing the U.S. Department of Transportation to remove outdated and overly restrictive regulations for launch and reentry vehicles.
The order also calls for reducing lengthy environmental reviews, which have previously delayed some missions. While SpaceX was not mentioned by name, the policy is expected to benefit companies like it, along with other private space firms such as Blue Origin.
MAKE SPACE GREAT AGAIN 🇺🇸🚀@POTUS has signed an Executive Order to streamline regulations and foster a competitive commercial space industry, ensuring the United States maintains its leading role in the commercial use of space. pic.twitter.com/EIjv6op3nA
'It is imperative that we build on the far-reaching actions taken by my Administration during my first term to ensure that new space-based industries, space exploration capabilities, and cutting-edge defense systems are pioneered in America,' the statement from the White House read.
Busy week for SpaceX
Alongside Thursday's launch, SpaceX is preparing for its next Starship test flight in Texas, unveiling a new design with larger grid fins to improve booster landings. NASA's Artemis II crew, targeting a February 2026 launch around the Moon, also continued training this week at Kennedy Space Center.
The morning liftoff added to a packed schedule for SpaceX, underscoring both its rapid launch pace and the potential impact of the new U.S. regulatory approach on future missions.
To stay updated on the stories that are going viral follow Indiatimes Trending.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Mint
2 hours ago
- Mint
Intel shares extend rally on Trump investment report, stock jumps 4%
Shares of Intel jumped on Friday after a report claimed that the Donald Trump administration is mulling a stake purchase in the US chipmaking company that has been facing struggles in the recent time. A Bloomberg report, which came shortly after US President Donald Trump met Intel CEO Lip-Bu Tan, said that the US government would pay for the development of Intel's factory in Ohio. Investors cheered on the news and the stock price hit a high of as much as 8.9 per cent on Thursday before closing 7.4% higher at the end of trading at $23.86. The Intel shares continued their upward movement on hopes of more financial aid for the turnaround of the struggling chipmaker, rising 4 per cent on Friday. The Ohio plant of Intel has faced setbacks, with the opening of the factory delayed to 2030. The US government investment in Intel is also expected to shore up the chipmaker's finances, which has been down to a point where the company has started layoffs as part of its cost-cutting efforts. The White House however did not confirm the authenticity of the report. 'Discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration,' said White House spokesperson Kush Desai. The report comes as Trump indicated that he would announce tariffs on semiconductors next week. Donald Trump, who called the meeting "very interesting", has taken an unprecedented approach to interventions and deal-making with corporate America. His administration had struck a deal with MP Materials that would make the Department of Defense the largest shareholder of the rare-earth producer. Federal backing could give Intel more time to revive its loss-making foundry business, analysts said, but it still faces a weak product roadmap and trouble attracting customers for new factories. Under the Biden administration, Intel had emerged as one of the biggest beneficiaries of the 2022 CHIPS Act, as former CEO Pat Gelsinger laid out plans to build advanced factories. Tan, however, pared back such ambitions, slowing construction of new plants in Ohio. He plans to build factories based on demand for the services, which analysts have said could put him at odds with Trump's push to shore up American manufacturing.


Indian Express
3 hours ago
- Indian Express
US-China tariff truce holds, ‘unprecedented' deal with Nvidia, and more
On Monday (August 11), US President Donald Trump extended his country's tariff truce with China for an additional 90 days, till November 10. Discussions between senior officials in Stockholm in late July had previously hinted at another extension, even as higher US tariffs have been imposed on several countries of late, including India. However, that doesn't mean all is smooth sailing in China-US trade, and the race for dominating the artificial intelligence domain saw something quite unusual this week. The Financial Times reported that the US government allowed the semiconductor giant Nvidia to sell previously restricted AI chips to China, if they agreed to pay a certain percentage of the sale to the government. Last week, we noted the reports of Prime Minister Narendra Modi likely visiting China next month for the Shanghai Cooperation Organisation (SCO) summit. Now, Chinese Foreign Minister Wang Yi is expected to visit India on August 18 for the Special Representative-level talks (the SR mechanism is for discussing border issues) with National Security Advisor Ajit Doval. The Wall Street Journal also reported this week that Liu Jianchao, a key Chinese diplomat, was picked for questioning by authorities. Then on Friday, Reuters reported that a deputy to Liu, Sun Haiyan, was also detained. We wrote about Liu and what such 'disappearances' say about the Chinese establishment here. Bloomberg also reported that amid the greater bilateral engagements under the recent normalisation in India-China ties, direct flights may be resumed soon. Here is a closer look at these developments: A statement from the White House said that the tariff pause will provide time for 'remedying trade imbalances' and 'unfair trade practices'. 'Each round of negotiations with the Chinese has built on each other… to work toward fair and balanced trade with a key trading partner,' it said. Trump was also quoted as saying, 'We're getting along with China very well.' UPSHOT: An editorial in the Chinese Communist Party (CCP) mouthpiece Global Times appreciated the development: 'This shows that China and the US are managing differences and expanding cooperation in an equal, pragmatic and constructive way.' That high tariffs were unsustainable in the long run was clear from the get-go, but many assumptions have been proven wrong. For example, the US has been the one to repeatedly ask China to come to the negotiating table, and China has been the only nation to counter with its own tariffs on the US — indicating both the intention and ability to challenge its actions. Simultaneously, the latest US economic data shows inflation remained moderate, despite the initial fears of American consumers quickly being impacted. There are several reasons for this, like the eventual lowering of tariff rates, but the prevalent view remains that the effects will show at some point. As the GT article noted, 'Data shows that China's exports to the US have declined for four consecutive months.' It would thus make sense for both sides to push for a settlement. Almost exactly a month ago, Nvidia chief Jensen Huang visited China. Around the same time, the company announced it was filing applications 'to sell the NVIDIA H20 GPU again', saying the US government assured it of requisite licenses. Now, Nvidia has agreed to pay the US government 15 percent of the money made from selling H20 chips to China, the FT reported on Monday. Another US chipmaker, AMD, will do the same for its MI308 chip revenues. Altogether, the deal was estimated to bring about $2 billion to the government, The New York Times said. UPSHOT: The US government restricted both these chips in April this year, over concerns that they would help accelerate the pace of AI development in China, and their potential military applications. This was seen as a progression of the Joe Biden-era restrictions on advanced AI chips being sold to China. In fact, the lower-quality H20s were designed to circumvent the directive. Huang had previously argued for allowing the sale, saying it was causing a US company to lose market share and allowing Chinese companies like Huawei to fill the gap. However, critics argued that China would stand to gain a significant strategic advantage with Nvidia products. This is also why the latest deal has been described as 'unprecedented'. Liza Tobin, a China expert who served on the National Security Council in the first Trump administration, told the FT, 'What's next — letting Lockheed Martin sell F-35s to China for a 15 per cent commission?' Notably, China has previously demanded the entry of H20s, but it may be changing its stance now, given its indigenous push to become self-reliant. A state media-affiliated author recently wrote an article criticising the H20. 'When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it,' he wrote. The country's cyberspace regulators also summoned Nvidia officials 'over concerns that its H20 artificial intelligence computing chips could be tracked and turned off remotely'. Wang Yi is set to visit India next week. Separately, Bloomberg reported on Tuesday that 'India and China are set to resume direct flight connections as soon as next month', citing people familiar with the negotiations. Flights were first restricted amid the Covid-19 pandemic. UPSHOT: Both developments come amid the larger normalisation process that was officially set in motion last October. It was followed by Prime Minister Narendra Modi and Chinese President Xi Jinping meeting during the BRICS summit in Russia. Wang's visit is notable for another reason — it's the first high-level official visit by a Chinese leader to India after Operation Sindoor. Notably, Pakistani Foreign Minister Ishaq Dar visited China just a few weeks after the conflict with India, where the countries affirmed their 'brotherly' and 'ironclad' relationship. However, India and China also have several outstanding bilateral issues, most importantly concerning the Line of Actual Control (LAC) that serves as the de facto border. The 2020 LAC stand-off also contributed to limited flights and visa approvals, as well as people-to-people exchanges. As The Indian Express earlier reported, in January-October 2024, the total number of flyers (in both directions) between India and China was over 4.60 lakh. This marked a drastic fall from close to a million in the corresponding months of 2019. Beijing also perhaps expects to benefit from a resumption, as Chinese carriers held a dominant share of the direct flight market before the pandemic. However, Air India and IndiGo would also likely want to capitalise on it if resumption happens.


Economic Times
5 hours ago
- Economic Times
SpaceX gets billions from the government, gives little to nothing back in taxes
ANI SpaceX's Axiom-4 mission SpaceX, Elon Musk's rocket and satellite internet company, has received billions of dollars in federal contracts over its more than two-decade existence. But SpaceX has most likely paid little to no federal income taxes since its founding in 2002 and has privately told investors that it may never have to pay any, according to internal company documents reviewed by The New York Times. The rocket maker's finances have long been secret because the company is privately held. But the documents reviewed by the Times show that SpaceX can seize on a legal tax benefit that allows it to use the more than $5 billion in losses it racked up by late 2021 to offset paying future taxable income. President Donald Trump made a change in 2017, during his first term, that eliminated the tax benefit's expiration date for all companies. For SpaceX, that means that nearly $3 billion of its losses can be indefinitely applied against future taxable income. Tax experts consulted by the Times said that not having to pay $5 billion in federal income taxes was substantial and notable for a company that has relied on contracts with the U.S. government to an unusual degree. SpaceX works closely with the Pentagon, NASA and other agencies, giving it a vital role in national security. In 2020, federal contracts generated almost 84% of the rocket maker's revenue, according to the documents, a figure that had not been previously reported. Larger tech companies -- including some that have taken advantage of the tax benefit -- often pay billions in federal income taxes. Microsoft, for one, said it expected to pay $14.1 billion in federal income taxes in its last fiscal year. SpaceX can use the tax benefit even if its business thrives. By one measure of corporate profitability, the company had roughly $5 billion in earnings from its core operations last year, up from $2.6 billion in 2023, according to what the company has privately told some stakeholders. Danielle Brian, the executive director of the Project on Government Oversight, a group that investigates corruption and waste in the government, said the tax benefit had historically been aimed at encouraging companies to stay in business during difficult times. It was "quaint" that SpaceX was using it, she said, as it "was clearly not intended for a company doing so well." Musk has built SpaceX into one of the world's most influential companies, which dominates the space industry through its rockets and its Starlink satellite internet service. It has been a jewel in the crown of his business empire and an essential source of his wealth and power, along with his electric vehicle company, Tesla. It has also given Musk a perch on the world stage, allowing him to weigh in on geopolitics. Like many tech startups, SpaceX lost money as it plowed billions of dollars into building its business. Uber, Amazon, Tesla and other tech firms were also not profitable for years. As SpaceX has grown, the firm has been valued at more than $350 billion, crowning it one of the world's most valuable private companies, according to startup tracker PitchBook. Several news organizations have reported on aspects of SpaceX's finances, which the company discloses to its investors and other stakeholders. But the documents reviewed by the Times -- including income statements and balance sheets covering 23 years -- offered new insight into SpaceX's revenue sources, investors and taxes. SpaceX appears to have paid some income taxes over the years, though likely not to the federal government, according to the documents. In one document, the company said it expected to pay $483,000 in income tax to foreign governments and $78,000 in state income tax in 2021. Separately, it reported paying $6,000 for income taxes in 2020 and 2021, but did not disclose if the payments were for federal, state or local governments. SpaceX and Musk did not respond to requests for comment. Musk has often trumpeted SpaceX's role in carrying out missions for NASA and other agencies. In June, he proudly posted on social media that the company had reached a milestone, as its "commercial revenue from space will exceed the entire budget of @NASA next year." Musk, who left his role as a close adviser to Trump in late May, founded SpaceX with the goal of shuttling humans to Mars and colonizing the Red Planet. He owned 44% of the company as of 2022, according to the documents. Getting to Mars is an expensive endeavor, and SpaceX's losses piled up from the start. In its first year of operation in 2002, the company lost about $4 million, the documents show. The next year, it lost $14.5 million. Those losses ballooned in subsequent years, reaching $341 million in 2020. In 2021, it lost $968 million. All the while, Musk and Gwynne Shotwell, the president of SpaceX, pushed the company to grow. It began developing and testing Starship, a reusable rocket that Musk hopes will one day reach Mars. By the end of 2021, SpaceX had accumulated almost $5.4 billion in tax losses, according to the most recent figure in the documents. Those losses generated the tax benefit, known as a net operating loss carryforward. It enables SpaceX to avoid federal income taxes on an equivalent amount of future taxable income. The benefit is available to all companies, including startups that lose money for years before turning a profit. In one document, SpaceX told investors that it was "more likely than not that some portion or all of the deferred tax assets will not be realized," meaning it might never pay taxes. The company cited, among other things, its past losses. Such language can be common for companies with a history of losses, and this outlook can be revised if their finances improve, said Robert Willens, an accounting analyst who runs his own firm. SpaceX also benefited from a sweeping package of tax cuts Trump signed in 2017. One change was eliminating a 20-year limit on the use of tax-loss carryforwards, meaning that losses generated after 2017 no longer expired. That change allows SpaceX to apply nearly $3 billion in carryforwards indefinitely. In addition, the company had $227 million in carryforwards that could offset state income taxes, the documents show. It had more than $1.1 billion in other federal and state tax credits. "Given the size of its net operating loss, the company almost surely didn't pay any federal tax for years," said Gregg Polsky, who teaches tax law at New York University School of Law. "And it's so large, it's unlikely it has paid taxes even if it has had positive taxable income in recent years." The tax benefits may have come in handy in recent years as SpaceX's finances have improved, at least by one measure. The company has privately said its earnings before interest, taxes, depreciation and amortization nearly doubled to roughly $5 billion last year from 2023. That figure, known as EBITDA, is one way of measuring corporate profits but is not the same as the bottom line and does not mean that SpaceX is paying taxes. Starting in the mid-2000s, SpaceX began landing hundreds of federal contracts, including one with NASA to deliver cargo to the International Space Station and another with a U.S. intelligence agency for $1.8 billion to provide spy satellites. Some contracts are expected to generate substantial revenue for years, according to the documents. The documents, reviewed by the Times, provide the first insights into how heavily SpaceX depends on federal contracts. In 2020, they generated about $1.4 billion, or 83.8%, of the company's total revenue that year. The next year, federal contracts brought in about $1.7 billion, or 76%, of the total revenue, the documents show. Musk said in June that he expected SpaceX's revenue to reach $15.5 billion this year. That is up from about $7.4 billion in 2023, the documents show. (Revenue includes sales of the company's products.) A big part of that growth stems from Starlink, which has 6 million subscribers, according to the company. The documents showed that SpaceX told investors that Starlink had 2.5 million users in 2023 and generated roughly $8 billion in revenue last year, more than double the previous year's revenue and outpacing SpaceX's rocket division in both years. The documents do not include SpaceX's net profits or losses for the past two years. The Wall Street Journal reported that the company generated $55 million in profit on $1.5 billion in revenue in the first quarter of 2023. Companies can simultaneously report profits to shareholders and tax losses to the IRS in any given year because of the differences in how certain items are treated. To fund SpaceX, Musk has relied on longtime investors such as Fidelity and Google and friends such as Antonio Gracias, who is also a SpaceX board member. The documents reviewed by the Times identified others who had not been publicly associated with the company. A company called AI RT SPX Holdings is listed as an investor on a 2020 document. It appears to be affiliated with Access Industries, an investment firm founded by Len Blavatnik, the billionaire investor who was born in Ukraine and raised in Moscow and made his fortune in the privatization era in the 1990s after the Soviet Union collapsed. Now a British and American citizen, he has become a prolific philanthropist and investor in American and European companies. The document was signed by two Access executives, including Blavatnik's brother Alex Blavatnik. It is unclear whether Access Industries remains a SpaceX investor. Through a spokesperson, Blavatnik declined to comment. Chris Anderson, the entrepreneur who is the head of the organization behind TED Talks, appears to have invested in SpaceX through a company called Excalbians. He did not respond to requests for comment. Musk has delivered several TED Talks in the past.