SpaceX launch two dozen new Starlink satellites into low Earth orbit
Show more
Show less
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
6 hours ago
- Economic Times
Elon Musk loses $80 billion — one more Tesla crash could end his world's richest title
Elon Musk net worth 2025: Elon Musk's wealth has significantly decreased in 2025, primarily due to Tesla's struggles with revenue decline and stock performance. Despite a $29 billion compensation package approved by shareholders, Musk's position as the world's richest person is threatened as rivals like Larry Ellison and Mark Zuckerberg experience substantial wealth gains. Tired of too many ads? Remove Ads Elon Musk's Wealth Takes a Hit in 2025 Tesla Faces Revenue Decline and Stock Drop Tired of too many ads? Remove Ads Elon Musk's $29 Billion Pay Package Shows Shareholder Confidence Rivals Closing In on the Billionaire Crown Musk's Past Successes at Tesla Musk's Other Ventures: SpaceX, Neuralink, Boring Company, and XAI Musk's Public Perception and Political Challenges Other Billionaires' Wealth Trends in 2025 Who Can Be the Next World's Richest Person? Tired of too many ads? Remove Ads FAQs Elon Musk, the richest man in the world , has watched his wealth plummet this year, shedding approximatelyand reducing his, based on the Bloomberg Billionaires Index.A large portion of the drop is attributed to his 13% holding in, as the EV maker has had difficulty keeping up with Wall Street projections for quarterly earnings, as per the after taking a step back from his controversial stint at the Trump administration's Department of Government Efficiency (DOGE), where he said he cut out billions in waste, Musk's reversion to single-minded concentration on Tesla hasn't seen the monetary success as before, as per a Fortune READ: Wealth created inside Nvidia reach stunning levels - nearly 80% of employees are millionaires The electric-vehicle maker posted a double-digit revenue drop in the second quarter of 2025, and Tesla stock has fallen nearly 20% this year, according to the his controversies, Tesla shareholders have supported Musk, recently awarding him a $29 billion compensation package intended to keep him at the helm of Tesla, as reported by READ: Uber just announced a $20 billion buyback after blowing past earnings — investors rejoice However, with rivals such as Larry Ellison, Mark Zuckerberg, and Jensen Huang gaining ground on his wealth, Musk's top spot atop the billionaire list might no longer be secure, according to comes after Tesla's 2024 standout performance, as the stock almost doubled, taking the company's market cap over $1.4 trillion and increasing Musk's wealth, cementing him at the time at the top of the billionaires list, as per the wealth is also linked with stakes in SpaceX, Neuralink, the Boring Company, and XAI Holdings, which is the union of social media site X and AI startup xAI, as reported by from Tesla, Musk's other enterprises are also facing money troubles. According to Fortune, xAI is reportedly burning through $1 billion a month, and the Boring Company's valuation has fallen to $6.4 billion from $8.6 billion in July Musk did not receive a salary during his DOGE stint, his firms have received $38 billion in government subsidies, loans, and contracts, as reported by also has a long fight ahead of him in popular opinion, as a Quinnipiac Poll released in June found that only 30% of voters have a favourable view of the billionaire, reported Fortune. Even his support among Republicans has dropped after a public feud with US president Donald Trump over the federal budget, according to the Musk is not the only one to lose wealth in 2025 so far, even Jeff Bezos lost about $1.7 billion this year due to Amazon's struggling stock performance, and Bill Gates has also let go of around $36 billion because of his ramped-up philanthropy efforts, as reported by Larry Ellison has gained $102 billion, Mark Zuckerberg's wealth rose $56 billion, and Jensen Huang's net worth increased by $37 billion, according to the just $60 billion separates Musk and Ellison as the number one and number two positions due to the newfound success of Ellison's tech giant, Oracle , as per of it comes from Tesla's stock decline and revenue but his position is threatened by Larry Ellison and other tech billionaires.
Time of India
6 hours ago
- Time of India
Elon Musk loses $80 billion — one more Tesla crash could end his world's richest title
Elon Musk net worth 2025: Elon Musk's wealth has significantly decreased in 2025, primarily due to Tesla's struggles with revenue decline and stock performance. Despite a $29 billion compensation package approved by shareholders, Musk's position as the world's richest person is threatened as rivals like Larry Ellison and Mark Zuckerberg experience substantial wealth gains. Tired of too many ads? Remove Ads Elon Musk's Wealth Takes a Hit in 2025 Tesla Faces Revenue Decline and Stock Drop Tired of too many ads? Remove Ads Elon Musk's $29 Billion Pay Package Shows Shareholder Confidence Rivals Closing In on the Billionaire Crown Musk's Past Successes at Tesla Musk's Other Ventures: SpaceX, Neuralink, Boring Company, and XAI Musk's Public Perception and Political Challenges Other Billionaires' Wealth Trends in 2025 Who Can Be the Next World's Richest Person? Tired of too many ads? Remove Ads FAQs Elon Musk, the richest man in the world , has watched his wealth plummet this year, shedding approximatelyand reducing his, based on the Bloomberg Billionaires Index.A large portion of the drop is attributed to his 13% holding in, as the EV maker has had difficulty keeping up with Wall Street projections for quarterly earnings, as per the after taking a step back from his controversial stint at the Trump administration's Department of Government Efficiency (DOGE), where he said he cut out billions in waste, Musk's reversion to single-minded concentration on Tesla hasn't seen the monetary success as before, as per a Fortune READ: Wealth created inside Nvidia reach stunning levels - nearly 80% of employees are millionaires The electric-vehicle maker posted a double-digit revenue drop in the second quarter of 2025, and Tesla stock has fallen nearly 20% this year, according to the his controversies, Tesla shareholders have supported Musk, recently awarding him a $29 billion compensation package intended to keep him at the helm of Tesla, as reported by READ: Uber just announced a $20 billion buyback after blowing past earnings — investors rejoice However, with rivals such as Larry Ellison, Mark Zuckerberg, and Jensen Huang gaining ground on his wealth, Musk's top spot atop the billionaire list might no longer be secure, according to comes after Tesla's 2024 standout performance, as the stock almost doubled, taking the company's market cap over $1.4 trillion and increasing Musk's wealth, cementing him at the time at the top of the billionaires list, as per the wealth is also linked with stakes in SpaceX, Neuralink, the Boring Company, and XAI Holdings, which is the union of social media site X and AI startup xAI, as reported by from Tesla, Musk's other enterprises are also facing money troubles. According to Fortune, xAI is reportedly burning through $1 billion a month, and the Boring Company's valuation has fallen to $6.4 billion from $8.6 billion in July Musk did not receive a salary during his DOGE stint, his firms have received $38 billion in government subsidies, loans, and contracts, as reported by also has a long fight ahead of him in popular opinion, as a Quinnipiac Poll released in June found that only 30% of voters have a favourable view of the billionaire, reported Fortune. Even his support among Republicans has dropped after a public feud with US president Donald Trump over the federal budget, according to the Musk is not the only one to lose wealth in 2025 so far, even Jeff Bezos lost about $1.7 billion this year due to Amazon's struggling stock performance, and Bill Gates has also let go of around $36 billion because of his ramped-up philanthropy efforts, as reported by Larry Ellison has gained $102 billion, Mark Zuckerberg's wealth rose $56 billion, and Jensen Huang's net worth increased by $37 billion, according to the just $60 billion separates Musk and Ellison as the number one and number two positions due to the newfound success of Ellison's tech giant, Oracle , as per of it comes from Tesla's stock decline and revenue but his position is threatened by Larry Ellison and other tech billionaires.
Time of India
8 hours ago
- Time of India
NASA's $94 million Lunar Trailblazer mission ends in silence after launch failure
NASA has sent numerous satellites as a part of the ongoing missions to explore the unknown phenomenon in space, and recently, they made the difficult decision to officially terminate its Lunar Trailblazer mission after months of attempts to recover the small orbiter. The mission was designed to find out some valuable facts by mapping and characterizing water reserves on the Moon's surface. However, early on in its journey, the spacecraft lost communication and was presumed to be tumbling without sufficient power to operate. NASA recently announced the mission's end, which came as a disappointing outcome for a project that was supposed to support future lunar missions. What is the Lunar Trailblazer Mission Lunar Trailblazer is a 200‑kg orbiter under NASA's low‑cost SIMPLEx program, which was launched on a SpaceX Falcon 9 rocket on February 26, 2025, as a rideshare on the IM‑2 mission to the Moon. About 48 minutes into the flight, it separated successfully, and initial contact was made later that evening from Caltech's IPAC in Pasadena. However, by early morning the next day, communication was lost due to intermittent power problems, and engineers soon found out that the spacecraft was spinning and unable to keep its solar panels pointed toward the Sun, according to information by NASA. NASA tried to recover the lost contact NASA worked tirelessly through spring and summer, attempting to reestablish contact in mid‑June and early July. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Susan Boyle Is Now so Thin and Looks Beautiful! Undo Teams from NASA's Deep Space Network and various international observatories monitored the orbiter's trajectory, orientation, and potential sunlight exposure. Scientists hoped that if enough sunlight hit the spacecraft's solar panels, the batteries might get enough charge for the Lunar Trailblazer to wake up and send a signal again. NASA even had backup plans ready in case they managed to reconnect and keep the mission going. Despite these consistent efforts, Lunar Trailblazer drifted beyond the Moon and into deep space, spinning ever more slowly and becoming too distant to command or receive telemetry. Teams at JPL and Caltech finally acknowledged the mission could no longer yield scientific results, leading NASA to officially end it on July 31, 2025. This unsuccessful mission is a lesson for future missions According to reports by NASA Jet Propulsion Laboratory, 'At NASA, we undertake high‑risk, high‑reward missions like Lunar Trailblazer to find revolutionary ways of doing new science,' said Nicky Fox, associate administrator of NASA's Science Mission Directorate. 'While it was not the outcome we had hoped for, mission experiences like Lunar Trailblazer help us to learn and reduce the risk for future, low‑cost small satellites to do innovative science as we prepare for a sustained human presence on the Moon. ' The trailblazer had a companion Lunar Trailblazer shared its ride with the Athena lander, part of Intuitive Machines' IM‑2 mission. Athena successfully touched down near the lunar south pole on March 6, 2025, but shortly thereafter toppled over. In a compromised orientation, its solar panels could not recharge the batteries, ending its surface mission prematurely, delivering only limited data before it went silent the next day.
