Today's Technology News Summary
Rocket Report: Starbase Expansion and More
Welcome to Edition 6.34 of the Rocket Report! SpaceX's Starbase facility in South Texas is gearing up for the third full-scale Starship test flight. SpaceX plans to build a second Starship launch pad at Starbase, in addition to expanding its footprint by acquiring 43 acres of Texas state park land. Read more about it here.
Astra's Change in Ownership
Astra, the rocket company, is going private as its founders, Chris Kemp and Adam London, purchase the company following a string of rocket failures and funding challenges. Astra had a market cap of over $2 billion in 2021, but now stands at approximately $13 million. Get more details here.
Key OpenAI Executive Brings Changes
Mira Murati, OpenAI's chief technology officer, played a significant role in bringing questions about management to the board, leading to Sam Altman's brief ouster last year. Find out more about this development here.
Rivian's R2 Electric SUV Success
Rivian's latest midsize electric SUV, the R2, has already received over 68,000 reservations within 24 hours of its launch. CEO RJ Scaringe announced the popularity of the $45,000 electric SUV. The company unveiled the R2 along with the more affordable R3 and R3X models. Learn more here.
X Introduces Articles Feature
X has unveiled a new feature called "Articles" that allows verified organizations and Premium+ subscribers to write and share long-form content in a basic text-editing interface. This feature is aimed at journalists, creators, and long-winded VCs on X. Read more about it here.
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