SpaceX is not yet cleared for another Starship Super Heavy test flight, FAA says
The Federal Aviation Administration said Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle.
The Washington Post | The Washington Post | Getty Images
The Federal Aviation Administration on Wednesday that SpaceX is not yet clear for another test flight of its Starship Super Heavy launch vehicle.
SpaceX CEO Elon Musk had claimed Tuesday, in a post on X (formerly Twitter) which he now owns, that “Starship is ready to launch, awaiting FAA license approval.”
However, his aerospace and defense company hasn’t met the FAA’s requirements to be able to fly again after an explosion in April 2023 during the first test flight of this vehicle.
The first Starship launch saw the nearly 400-foot-tall rocket fly for more than three minutes — but it lost multiple engines, caused severe damage to the ground infrastructure and failed to reach space after the rocket began to tumble and was intentionally destroyed in the air.
The mishap left a crater in the ground, flung concrete chunks into nearby tanks and other equipment, and impacted sensitive habitat that is home to some endangered wildlife. It also sparked an approximately 4-acre fire on state park land.
The FAA will not authorize another Starship launch until SpaceX implements the corrective actions identified during the mishap investigation…
Federal Aviation Administration
The Starship launch “anomaly” triggered a mishap investigation that will be overseen by the FAA — a standard practice by the agency, which is responsible for protecting the public during commercial space transportation launch and reentry operations.
In a statement sent to CNBC on Wednesday night, the FAA said: “The SpaceX Starship mishap investigation remains open. The FAA will not authorize another Starship launch until SpaceX implements the corrective actions identified during the mishap investigation and demonstrates compliance with all the regulatory requirements of the license modification process.”
Ars Technica first reported on the matter. SpaceX did not immediately respond to a request for comment.
In July, the FAA was asked to deliver a briefing to the Senate and House appropriations committees on their mishap report, before SpaceX conducts any future Starship Super Heavy launches.
NASA is currently reliant on SpaceX alone to transport people from the U.S. into orbit. With its Starship program, SpaceX is aiming to move heavy science equipment into orbit, and to economically transport higher volumes of cargo and people to the Moon and eventually Mars.
The Wall Street Journal reported on Tuesday that Musk, who is the largest shareholder of SpaceX, tapped a $1 billion loan from the company last year the same month he was completing a leveraged buyout of social network Twitter.
The SpaceX CEO’s relationship with state and federal regulators and with certain members of Congress is a tense one.
Musk has flouted FAA requirements in recent years, for example. The New Yorker reported that in December 2020, Musk pushed SpaceX to go against the agency’s orders and conduct a test flight of a rocket called the SN8 on a date for which the agency had explicitly barred that activity. The SN8 rocket exploded.
More recently, SpaceX conducted several tests of a new, water deluge system at the Starship Super Heavy launch site in South Texas. The system is meant to keep the company’s launch pad cool during launches.
However, SpaceX built and conducted tests of the water deluge system all without obtaining the environmental permits from the Texas Commission on Environmental Quality that would normally be required to discharge industrial wastewater at the site.
Google chief executive Sundar Pichai speaks during the tech titan’s annual I/O developers conference on May 14, 2024, in Mountain View, California.
Glenn Chapman | Afp | Getty Images
Google will start using artificial intelligence to determine whether users are age appropriate for its products, the company said Wednesday.
Google announced the new technique for determining users’ ages as part of a blog focused on “New digital protections for kids, teens and parents.” The automation will be used across Google products, including YouTube, a spokesperson confirmed. Google has billions of users across its properties and users designated as under the age of 18 have restrictions to some Google services.
“This year we’ll begin testing a machine learning-based age estimation model in the U.S.,” wrote Jenn Fitzpatrick, SVP of Google’s “Core” Technology team, in the blog post. The Core unit is responsible for building the technical foundation behind the company’s flagship products and for protecting users’ online safety.
“This model helps us estimate whether a user is over or under 18 so that we can apply protections to help provide more age-appropriate experiences,” Fitzpatrick wrote.
The latest AI move also comes as lawmakers pressure online platforms to create more provisions around child safety. The company said it will bring its AI-based age estimations to more countries over time. Meta rolled out similar features that uses AI to determine that someone may be lying about their age in September.
Google, and others within the tech industry, have been ramping their reliance on AI for various tasks and products. Using AI for age-related content represents the latest AI front for Google.
The new initiative by Google’s “Core” team comes despite the company reorganization that unit last year, laying off hundreds of employees and moving some roles to India and Mexico, CNBC reported at the time.
WATCH: Google kills diversity hiring targets, reviewing other DEI programs
Adam Foroughi, CEO of AppLovin.
CNBC
AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance.
Here’s how the company performed compared with analysts’ expectations, according to LSEG:
- Earnings per share: $1.73 vs. $1.24 expected
- Revenue: $1.37 billion vs. $1.26 billion expected
Net income in the quarter more than tripled to $599.2 million, or $1.73 per share, from $172.3 million, or 51 cents per share, a year earlier, the company said in a statement.
Revenue jumped 43% from $953.3 million a year earlier.
AppLovin was the best-performing U.S. tech stock last year, soaring more than 700%, driven by the company’s artificial intelligence-powered advertising system. In 2023, AppLovin released the updated 2.0 version of its ad search engine called AXON, which helps put more targeted ads on the gaming apps the company owns and is also used by studios that license the technology.
AppLovin’s business has been split between advertising and apps, which is primarily made up of game studios that the company has acquired over the years. With the historic growth in its advertising unit, the apps business has become much less important, and now the company says it is selling it off.
“Today we’re announcing we’ve signed an exclusive term sheet to sell all of our apps business,” CEO Adam Foroughi said on the earnings call.
Later in the call, the company said it has signed a term sheet for the sale for a “total estimated consideration” of $900 million. That includes $500 million in cash, “with the remainder representing a minority equity stake in the combined private company.”
Advertising revenue climbed 73% in the quarter to almost $1 billion. The ad business was previously categorized as Software Platform. The company said it made the change because advertising accounts for “substantially all of the revenue in this segment.”
AppLovin said it expects first-quarter revenue of between $1.36 billion and 1.39 billion, exceeding the $1.32 billion average analyst estimate, according to LSEG. More than $1 billion of that will come from its advertising segment, as the company said it is “still in the early stages” of bolstering its AI models.
“The roadmap ahead is filled with opportunities for iteration,” the company said in its shareholder letter. “As we execute, we believe we can continue to drive value creation for our shareholders.”
WATCH: AppLovin shares jump
Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.
Gerry Miller | CNBC
Cisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations.
Here’s how the company did against LSEG consensus:
- Earnings per share: 94 cents adjusted vs. 91 cents expected
- Revenue: $13.99 billion vs. $13.87 billion expected
Revenue increased 9% in the quarter, which ended on Jan. 25, from $12.79 billion a year earlier, according to a statement. The growth follows four quarters of revenue declines. The company said it had orders for artificial intelligence infrastructure that exceeded $350 million in the quarter.
Cisco now sees adjusted earnings of $3.68 to $3.74 for the 2025 fiscal year, with $56 billion to $56.5 billion in revenue. Analysts polled by LSEG had been looking for $3.66 in adjusted earnings per share and $55.99 billion in revenue. In November, the forecast was $3.60 to $3.66 in earnings per share and $55.3 billion to $56.3 billion in revenue.
Net income in the latest period slid almost 8% to $2.43 billion, or 61 cents per share, from $2.63 billion, or 65 cents per share, a year ago.
Revenue from the networking division totaled $6.85 billion, down 3% but more than the $6.67 billion consensus among analysts surveyed by StreetAccount.
The security unit contributed $2.11 billion. That is a 117% increase from a year earlier, thanks to the addition of Splunk. Analysts expected $2.01 billion, according to StreetAccount.
Splunk, which Cisco bought in March 2024 for $27 billion, was accretive to adjusted earnings per share sooner than planned, Scott Herren, Cisco’s finance chief, was quoted as saying in the statement. Cisco’s total revenue would have been down 1% year over year if not for Splunk’s contribution, according to the statement.
Many technology companies have been trying to predict the effects from President Donald Trump’s newly established Department of Government Efficiency. But three-quarters of Cisco’s U.S. federal business comes from the Defense Department, while most of the headcount cutting thus far has occurred in other agencies, Cisco CEO Chuck Robbins said on a conference call with analysts.
“Everything seems to be progressing as we expected,” he said.
Customers do not appear to be pulling up orders before tariffs go into effect, Herren said on the conference call.
As of Thursday’s close, Cisco shares were up 5% so far in 2025, while the S&P 500 index had gained about 3%.
WATCH: Cisco CEO Chuck Robbins on impact of tariffs, AI innovation and future of DEI
-
Sports2 years ago‘Storybook stuff’: Inside the night Bryce Harper sent the Phillies to the World Series
-
Sports10 months agoStory injured on diving stop, exits Red Sox game
-
Sports1 year agoGame 1 of WS least-watched in recorded history
-
Sports2 years agoMLB Rank 2023: Ranking baseball’s top 100 players
-
Sports3 years ago
Team Europe easily wins 4th straight Laver Cup
-
Environment2 years agoJapan and South Korea have a lot at stake in a free and open South China Sea
-
Environment2 years agoGame-changing Lectric XPedition launched as affordable electric cargo bike
-
Business2 years agoBank of England’s extraordinary response to government policy is almost unthinkable | Ed Conway