Matt Farrah of Newcastle, Australia views SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company’s launch pad in Starbase, Texas, U.S., May 27, 2025.
Joe Skipper | Reuters
SpaceX’s Super Heavy booster and Starship rocket exploded during a test flight on Tuesday, the third consecutive setback for Elon Musk’s company.
Tuesday’s un-crewed mission was the ninth test flight. The system suffered prior explosions in January and March. Together, the Starship rocket and Super Heavy booster are around 400 feet tall when stacked for a launch.
SpaceX has been developing the Starship system to transport people and equipment around Earth, and to the Moon. Musk also wants SpaceX to use Starship to colonize Mars.
A livestream of Tuesday’s test flight, which ran on the SpaceX website and on social media, showed the first-stage booster exploding and the second-stage Starship spacecraft undergoing a major fuel leak, then spinning out of control and blowing up during reentry.
The Federal Aviation Administration said in an emailed statement on Tuesday that the agency, “is aware an anomaly occurred during the SpaceX Starship Flight 9 mission that launched on Tuesday, May 27, from Starbase, Texas, and is actively working with SpaceX on the event. The agency said there were “no reports of public injury or damage to public property at this time.”
Musk, who is CEO of SpaceX and the world’s wealthiest person, wrote on X that, “Starship made it to the scheduled ship engine cutoff, so big improvement over last flight! Also no significant loss of heat shield tiles during ascent.”
He added that “leaks caused loss of main tank pressure during the coast and re-entry phase” of the rocket. Musk vowed that SpaceX would increase its Starship launch cadence with upcoming flights at a rate of about one very three to four weeks.
SpaceX was previously restricted to five Starship launches per year from its spaceport in Texas but gained a key approval from the FAA to increase its launch cadence earlier this month.
“With a test like this, success comes from what we learn, and today’s test will help us improve Starship’s reliability as SpaceX seeks to make life multiplanetary,” the company wrote in a post on X.
SpaceX didn’t respond to a request for additional information on Tuesday following what it called a “rapid unscheduled disassembly.”
In addition to running SpaceX, Tesla and artificial intelligence startup xAI, Musk leads the Trump administration’s Department of Government Efficiency (DOGE).
Musk and DOGE have implemented sweeping reductions to the federal workforce, and slashed financial and other resources of federal agencies, including the FAA, Environmental Protection Agency and others responsible for oversight of the billionaire’s companies.
SpaceX has received more than $19 billion from the federal government since 2008 and is poised to take in several billion dollars annually for years to come, according to research by FedScout.
SpaceX and two of its partners are frontrunners to win a big chunk of President Donald Trump’s “Golden Dome” missile defense shield, Reuters previously reported.
The position was valued at about $160 million as of Wednesday’s close.
Tripadvisor shares have been flat since the start of the year after plummeting more than 30% in 2024. Last year, the travel review and booking company said it created a special committee to explore potential options.
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Starboard Value has gained a reputation for pushing for changes such as new CEOs and cost cuts by acquiring significant shares in companies.
People stand in front of an Apple store in Beijing, China, on April 9, 2025.
Tingshu Wang | Reuters
Apple iPhone sales in China rose in the second quarter of the year for the first time in two years, Counterpoint Research said, as the tech giant looks to turnaround its business in one of its most critical markets.
Sales of iPhones in China jumped 8% year-on-year in the three months to the end of June, according to Counterpoint Research. It’s the first time Apple has recorded growth in China since the second quarter of 2023.
Apple’s performance was boosted by promotions in May as Chinese e-commerce firms discounted Apple’s iPhone 16 models, its latest devices, Counterpoint said. The tech giant also increased trade-in prices for some iPhone.
“Apple’s adjustment of iPhone prices in May was well timed and well received, coming a week ahead of the 618 shopping festival,” Ethan Qi, associate director at Counterpoint said in a press release. The 618 shopping festival happens in China every June and e-commerce retailers offer heavy discounts.
Apple’s return to growth in China will be welcomed by investors who have seen the company’s stock fall around 15% this year as it faces a number of headwinds.
Since then, Huawei has aggressively launched devices in China and has even begun dipping its toe back into international markets. The Chinese tech giant has found success eating away at some of Apple’s market share in China.
Huawei’s sales rose 12% year-on-year in the second-quarter, according to Counterpoint. The firm was the biggest player in China by market share in the second quarter, followed by Vivo and then Apple in third place.
“Huawei is still riding high on core user loyalty as they replace their old phones for new Huawei releases,” Counterpoint Senior Analyst Ivan Lam said.
Chinese tech giant Baidu has bolstered its core search platform with artificial intelligence in the biggest overhaul of the product in 10 years.
Analysts told CNBC the move was a bid to keep ahead of fast-moving rivals like DeepSeek, rather than traditional search players.
“There has been some small pressure on the search business but the focus on AI and Ernie Bot is a key move ahead,” Dan Ives, global head of tech research at Wedbush Securities, told CNBC by email. Ernie Bot is Baidu’s AI chatbot.
“Baidu is not waiting around to watch the paint dry, full steam ahead on AI,” he added.
Baidu AI overhaul
Baidu is China’s biggest search engine, but — as is also being seen by Google — the search market is being disrupted.
Users are flocking instead to AI services such as ChatGPT or DeepSeek, which shocked the world this year with its advanced model it claimed was created at a fraction of the cost of rivals.
But Kai Wang, Asia equity market strategist at Morningstar, also noted that short video platforms such as Douyin and Kuaishou are also getting into AI search and piling pressure on Baidu.
To counter this, Baidu made some major changes to its core search product:
Users can now enter more than a thousand characters in the search box, versus 28 previously;
Questions can be asked in a more direct and conversational manner, mirroring how people now use chatbots;
Users can ask questions through voice but also prompt the seach engine with pictures and files;
Baidu has integrated its AI chatbot features, which enable users to generate photos, text and videos, into the product.
“This is more aligned with how people use ChatGPT and DeepSeek in terms of how they look for answers,” Wang said.
Outside of China, Google has also been looking to enhance its core search product with AI, highlighting how search has been under pressure from the burgeoning technology.
Baidu on the offense
Baidu was one of China’s first movers when it came to AI, releasing its first models and ChatGPT-style product Ernie Bot to the public in 2023. Since then, it has aggressively launched updated AI models.
However, the Beijing-headquartered company has also faced intense competition from fellow tech giants like Alibaba and Tencent, as well as upstarts such as DeepSeek.
These companies have also been launching new models and infusing AI into their products and Baidu’s stock has fallen behind as a result. Baidu shares have risen around 2.5% this year, versus a 30.5% surge for Alibaba and a 20% rise for Tencent.
“This is a defensive and offensive move … Baidu needs to be aggressive and perception-wise show they are not the little brother to Tencent on the AI front,” Wedbush Securities’ Ives added.