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Trump administration struggles with SpaceX contract dependencies

Trump administration’s review shows SpaceX contracts vital for NASA and Defence, complicating potential break with Musk’s businesses

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Trump administration’s review shows SpaceX contracts vital for NASA and Defence, complicating potential break with Musk’s businesses

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In Short:
– Trump aimed to cut ties with Musk, prompting a review of SpaceX’s essential government contracts.
– SpaceX, crucial for U.S. space efforts, secured a $5.9 billion Pentagon deal amid competitor frustrations.
President Trump expressed intentions to sever ties with Elon Musk’s companies in early June, according to the Wall Street Journal.
Subsequently, the Trump administration reviewed SpaceX’s government contracts, aiming to identify potential waste in its multibillion-dollar agreements.
However, officials concluded that most contracts were essential for the Defense Department and NASA, highlighting SpaceX’s dominance as a leading rocket launcher.Banner

With over $20 billion in federal contracts, SpaceX’s technology is critical for U.S. space ambitions. Tensions arose after Musk criticised Trump’s tax legislation, prompting Trump to suggest terminating Musk’s government contracts.

SpaceX Contracts

The review revealed the government’s reliance on SpaceX for rocket launches and satellite services, a situation that frustrates competitors.

SpaceX continues to win contracts, securing a significant Pentagon deal in April valued at $5.9 billion, along with essential NASA missions.

Despite Musk’s recent threats regarding the Crew Dragon spacecraft, the company remains pivotal for U.S. space operations and provides services through its Starlink satellite network.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

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Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.


Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation


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Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

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Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

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Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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