Latest news with #Aerospace
Asharq Al-Awsat
13 hours ago
- Business
- Asharq Al-Awsat
FAA Demands Accident Probe into SpaceX's Latest Out-of-control Starship Flight
The Federal Aviation Administration is demanding an accident investigation into this week's out-of-control Starship flight by SpaceX. Tuesday's test flight from Texas lasted longer than the previous two failed demos of the world's biggest and most powerful rocket, which ended in flames over the Atlantic. The latest spacecraft made it halfway around the world to the Indian Ocean, but not before going into a spin and breaking apart. According to The Associated Press, the FAA said Friday that no injuries or public damage were reported. The first-stage booster — recycled from an earlier flight — also burst apart while descending over the Gulf of Mexico. But that was the result of deliberately extreme testing approved by the FAA in advance. All wreckage from both sections of the 403-foot (123-meter) rocket came down within the designated hazard zones, according to the FAA. The FAA will oversee SpaceX's investigation, which is required before another Starship can launch. CEO Elon Musk said he wants to pick up the pace of Starship test flights, with the ultimate goal of launching them to Mars. NASA needs Starship as the means of landing astronauts on the moon in the next few years.
CNET
a day ago
- Business
- CNET
SpaceX Plans a Launch About Every Other Day for the Rest of 2025
SpaceX wants to launch rockets into space 170 times in 2025. That's an amibitious goal, considering that 64 launches have been completed so far, and to hit the goal, SpaceX would need to increase the pace of launches to one nearly every other day. That's a significant increase from SpaceX's single-year record of 134 orbital liftoffs in 2024. For comparison of just how normal the new cadence has become, in 2020, there were only 25 launches. The average launch is every two to three days now. Read more: SpaceX Loses Contact With Starship in Third Test Flight Failure in a Row SpaceX can undertake so many launches because of the Falcon 9, the world's first orbital-class reusable rocket. Being able to reuse the most expensive parts of the rocket not only drives down the cost, but it also allows SpaceX to increase the number of launches each year. Falcon 9 performed 132 of 2024's liftoffs, and the other two in 2024 were Falcon Heavy, which is composed of three reusable Falcon 9 engine cores. So far in 2025, all 64 orbital missions have used Falcon 9. Read more: Here's How to Watch Every Major US Space Launch for the Rest of 2025 It could also be another big year for Starlink, SpaceX's satellite venture. Two-thirds of the launches last year were in efforts to build SpaceX's Starlink broadband constellation. Growth is expected to continue. Of the 64 orbital missions in 2025, 48 have been Starlink flights. This number doesn't include the suborbital Starship test flights. Orbital launches require more speed to go into or beyond the Earth's orbit. Suborbital launches move at lower speeds because they do not enter orbit. Starship, a suborbital rocket, is a reusable craft designed to carry humans and cargo through space one day. The three most recent Starship test flights, including one on May 27, have ended with the craft breaking up. Previous rocket explosions happened in January and March.
BBC News
a day ago
- General
- BBC News
Lancaster Bomber built at Broughton marks 80th anniversary
A 99-year-old who worked on the first Lancaster bombers to be built at an aerospace factory is returning to watch a flypast by one of the Battle of Britain Memorial Flight will mark the 80th anniversary of the plane's creation in north Shield lived in Broughton, Flintshire, and worked at the town's aerospace factory at the start of the World War Two, fitting instruments to the joining the Welsh Guards, his skills were later put to use as one of Prime Minister Winston Churchill's security team. Ken began working at Broughton in 1940 aged 14 with his dad Fred, who was foreman at the site. He initially worked on Wellington bombers but soon the production line was filled with Lancaster bombers. Ken was uniquely qualified to fit the instruments in the said: "I was very small and you had to crawl down the plane's interior to fix certain instruments. "I could do it but if you were broad, you couldn't. "That was my introduction to the Lancasters." Despite war raging, Ken said life went on even though "death was around the corner".He worked alongside a woman called Marjorie at Broughton. "She worked on the outside skin of it and I'd pop the stuff inside," is how he described their roles on the production sharing a dance at a local pub the couple began dating, and were later married for 75 years until Marjorie's death in 2023. Ken has been invited to the Broughton factory, now owned by Airbus, for the Battle of Britain Memorial flight marking the 80th anniversary of the Lancaster will watch a flypast by the aircraft as well as a Spitfire and Hurricane to mark the Lancaster's return to where it was built in May Ken, it will bring back memories of watching the first one leave the said: "Most of the factory crept outside to watch the first one going up. "It took off and everybody was there waving. The foreman realised there was no work being done and he was playing hell with us. "We went back inside but the moment we heard the plane was landing we went out again." Ken left Broughton in 1943 to join the Welsh Guards. After surviving a bomb attack at his base in London, his expertise with aircraft radio equipment meant he was soon recruited to join Churchill's security team at Chequers - the prime minister's country retreat."They'd have very big conferences with generals and field marshals," he said. "My job, with others, was to arrange security. I was allowed to stop anyone going in if I didn't like them."He said Churchill was "very off-handed" with the military security officials and had a nickname for one general."He used to call him pug," he said. "He'd shout 'Pug!' and the general would go running down the alley to the office."Now, 80 years after the end of the war, the Airbus factory in Broughton is still producing will have a front row seat to witness the historic aircraft he helped build as it pays a rare return visit to its birthplace.
Bloomberg
a day ago
- Business
- Bloomberg
Airbus Seeks Middle East Comeback After Boeing's Major May Haul
By , Siddharth Vikram Philip, and Julie Johnsson Save Airbus SE is looking to stage a comeback in June with a flurry of fresh orders after arch-rival Boeing Co. logged its biggest-ever deal this month that left the European planemaker empty-handed. The aircraft manufacturer is turning its focus to the Paris Air Show taking place in the middle of the month, where some carriers from the Middle East are poised to order more widebody aircraft.
Yahoo
2 days ago
- Business
- Yahoo
GE Aerospace (GE): A Bull Case Theory
We came across a bullish thesis on GE Aerospace (GE) on Asymmetric Ventures' Substack. In this article, we will summarize the bulls' thesis on GE. GE Aerospace (GE)'s share was trading at $241.78 as of 27th May. GE's trailing and forward P/E were 38.14 and 43.29 respectively according to Yahoo Finance. A huge in-process machining center producing parts for aircraft and aerospace systems. GE Aerospace is a leading force in the aerospace industry, primarily generating revenue through its maintenance, repair, and overhaul (MRO) services. This segment benefits from a large installed base of engines and Power-by-the-Hour contracts, which provide customers with predictable costs and GE with stable, recurring income. The company's extensive global network of service centers and highly trained workforce enable rapid and efficient engine servicing, reinforcing its market dominance. Programs such as TrueChoice™ and TrueEngine™ enhance customer loyalty by allowing flexible maintenance options and improving engine performance and residual value. Additionally, GE Aerospace leverages advanced predictive maintenance technology that utilizes real-time data to anticipate engine issues, reducing downtime and lowering maintenance costs for clients. The firm maintains significant competitive advantages due to high barriers to entry, including complex engineering expertise, regulatory certifications, and long-term relationships with major aircraft manufacturers like Boeing and Airbus. These partnerships give GE Aerospace exclusive access to key engine programs, securing a near-monopoly in several market segments. The company also benefits from a strong aftermarket position, with customers relying on GE for life-cycle support of their engines. Under CEO Larry Culp's leadership, GE Aerospace has focused on operational efficiency, innovation, and strategic portfolio management, helping the division navigate challenges like supply chain disruptions and rising competition. Its robust balance sheet and steady cash flows position it well for ongoing investment in technology and growth initiatives. Overall, GE Aerospace stands as a financially solid, technologically advanced leader with durable competitive moats, well poised for sustainable long-term growth in the commercial aviation market. For a deeper look into another aerospace stock, be sure to check out our article on The Boeing Company (BA) wherein we summarized a bullish thesis by DeepValue on Substack. Since our coverage, the stock is up 11.12%. GE Aerospace (GE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 104 hedge fund portfolios held GE at the end of the first quarter which was 101 in the previous quarter. While we acknowledge the risk and potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
