Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

Amazon taps SpaceX for satellite launch, bypasses Bezos

Published

on

Amazon has reached out to SpaceX, Elon Musk’s aerospace company, to assist in launching a series of satellites, effectively bypassing its founder Jeff Bezos and his space venture, Blue Origin.

This partnership marks a significant shift in the dynamics of the space industry and raises questions about the competitive landscape of satellite deployment.

The collaboration between Amazon and SpaceX aims to leverage SpaceX’s proven track record in launching and deploying satellites into orbit. While Amazon had previously been working with various other aerospace companies for its satellite project, the decision to partner with SpaceX highlights the trust and reliability that Musk’s company offers in the realm of space exploration.

This unexpected move also leads to speculation about the rivalry between Jeff Bezos and Elon Musk, both of whom have been vying for dominance in the commercial space sector.

With Amazon’s decision to work with SpaceX, it appears that Musk’s company has gained an upper hand in this ongoing battle for supremacy in space technology.

The satellite industry is evolving rapidly, with increasing demand for high-speed internet coverage and data transmission.

Amazon’s decision to seek SpaceX’s assistance raises the question of whether this partnership will lead to more efficient and cost-effective satellite deployment, ultimately benefiting consumers and businesses worldwide.

Continue Reading

Shows

Is GenerativeAI transforming education?

Published

on

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

Continue Reading

News

How AI is leveraging Amazon’s fast production

Published

on

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Continue Reading

Tech

Tesla is slashing prices to stay competitive

Published

on

By

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.

Continue Reading
Live Watch Ticker News Live

Trending Now