Amazon reportedly plans to launch its first physical ‘Go’ store outside the US

Amazon is planning its first physical store in the U.K., likely to be in London’s West End shopping district, according to a report in The Telegraph. The newspaper cited anonymous industry sources who said the company is looking for sites between 3,000 and 5,000 square feet in size for the Amazon Go store. The Telegraph’s report said Amazon’s U.S. team was behind the move, which may see the company open a store at Oxford Circus, the junction between London’s Oxford Street and Regent Street.


Amazon is planning its first physical store in the U.K., likely to be in London’s West End shopping district, according to a report in The Telegraph. The newspaper cited anonymous industry sources who said the company is looking for sites between 3,000 and 5,000 square feet in size for the Amazon Go store. The Telegraph’s report said Amazon’s U.S. team was behind the move, which may see the company open a store at Oxford Circus, the junction between London’s Oxford Street and Regent Street.
Amazon reportedly plans to launch its first physical ‘Go’ store outside the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: lucy handley
Keywords: news, cnbc, companies, physical, west, outside, uk, amazon, street, telegraphthe, plans, reportedly, store, report, launch, londons, company, oxford


Amazon reportedly plans to launch its first physical 'Go' store outside the US

Amazon is planning its first physical store in the U.K., likely to be in London’s West End shopping district, according to a report in The Telegraph.

The newspaper cited anonymous industry sources who said the company is looking for sites between 3,000 and 5,000 square feet in size for the Amazon Go store.

The Telegraph’s report said Amazon’s U.S. team was behind the move, which may see the company open a store at Oxford Circus, the junction between London’s Oxford Street and Regent Street.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: lucy handley
Keywords: news, cnbc, companies, physical, west, outside, uk, amazon, street, telegraphthe, plans, reportedly, store, report, launch, londons, company, oxford


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Peer-to-peer lender Zopa to seek more funding in 2019 as it opens its own bank

U.K. peer-to-peer lender Zopa plans on raising more money in 2019 as it looks to open up its own bank, its boss told CNBC. The financial technology start-up recently obtained a banking license from Britain’s financial regulator, on the back of a £60 million ($76.5 million) funding round it closed last month. “We will be looking to raise additional capital in 2019,” Zopa Chief Executive Jaidev Janardana told CNBC in an exclusive interview. Zopa’s banking license is currently at a “mobilization” p


U.K. peer-to-peer lender Zopa plans on raising more money in 2019 as it looks to open up its own bank, its boss told CNBC. The financial technology start-up recently obtained a banking license from Britain’s financial regulator, on the back of a £60 million ($76.5 million) funding round it closed last month. “We will be looking to raise additional capital in 2019,” Zopa Chief Executive Jaidev Janardana told CNBC in an exclusive interview. Zopa’s banking license is currently at a “mobilization” p
Peer-to-peer lender Zopa to seek more funding in 2019 as it opens its own bank Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: ryan browne
Keywords: news, cnbc, companies, lender, raise, opens, funding, told, seek, zopa, license, capital, peertopeer, launch, financial, banking, 2019, bank, firm


Peer-to-peer lender Zopa to seek more funding in 2019 as it opens its own bank

U.K. peer-to-peer lender Zopa plans on raising more money in 2019 as it looks to open up its own bank, its boss told CNBC.

The financial technology start-up recently obtained a banking license from Britain’s financial regulator, on the back of a £60 million ($76.5 million) funding round it closed last month.

“We will be looking to raise additional capital in 2019,” Zopa Chief Executive Jaidev Janardana told CNBC in an exclusive interview. “The focus of that (will be) to raise the regulatory capital to fund the growth of (our) balance sheet.”

Zopa’s chief said the firm would seek the additional investment from the private markets, and that it would look into how to go about raising the extra capital “early next year.” He didn’t comment further on how Zopa intended to raise the funds or how much it would seek to raise.

The company is considered to be one of the world’s first peer-to-peer lenders, having launched in 2005, ahead of U.S. rival LendingClub’s 2007 launch and domestic enterprise-focused competitor Funding Circle’s 2010 launch. Peer-to-peer lending is a method of financing where borrowers are connected with investors through an online platform.

The fintech firm is looking to launch a fixed-term savings product, a credit card and a money management app after the U.K.’s Financial Conduct Authority granted it permission to operate a bank.

Zopa’s banking license is currently at a “mobilization” phase, the firm said on Tuesday, with restrictions placed on it by the FCA. It will need to meet a set of conditions laid out by the watchdog before it is granted a full banking license.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: ryan browne
Keywords: news, cnbc, companies, lender, raise, opens, funding, told, seek, zopa, license, capital, peertopeer, launch, financial, banking, 2019, bank, firm


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Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million

Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform. OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.


Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform. OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.
Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: adam reed, clive rose, getty images
Keywords: news, cnbc, companies, messi, worlds, giving, soccer, theres, launch, beckham, raises, including, world, platform, fans, 64, otro, app, behindthescenes, million, access, players


Soccer app giving behind-the-scenes access to Messi and Beckham raises $64 million

Former England soccer captain David Beckham has joined forces with several other famous names including Barcelona forward Lionel Messi and the world’s most expensive player Neymar Jr to launch a new online content-sharing platform.

OTRO is intended to be a digital fan club fueled by content created by the world’s leading soccer players. Its makers insists fans joining OTRO will be able to enjoy daily exclusive material, including original films and interviews, as well as live Q&As and challenges set by the players giving them the chance to win prizes, including meet and greets.

“Football fans all over the world want a deeper connection with their heroes and this is where OTRO comes in,” said its CEO Jeremy Dale at the official launch this week.

OTRO has been formed in partnership with sports investment firm 23 Capital and it’s reported around $64 million has been put into making the platform a success.

“There’s a lot of access to stars on the pitch, but once the game’s finished there’s very little engagement,” said Jason Traub, co-founder of 23 Capital to the company’s website. “Given the size of the market and the excitement surrounding these players, there’s a world of opportunity to unite them with their fans.”

Other players who’ll be part of the platform include; three-time Champions League winning coach Zinedine Zidane, Luis Suarez and Toni Duggan, who play for Barcelona’s men’s and women’s teams respectively.


Company: cnbc, Activity: cnbc, Date: 2018-12-07  Authors: adam reed, clive rose, getty images
Keywords: news, cnbc, companies, messi, worlds, giving, soccer, theres, launch, beckham, raises, including, world, platform, fans, 64, otro, app, behindthescenes, million, access, players


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Apple will launch new AirPods in 2019, sales expected to grow

Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever. In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. “Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.” Apple’s stock has taken a large hit over the las


Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever. In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. “Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.” Apple’s stock has taken a large hit over the las
Apple will launch new AirPods in 2019, sales expected to grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, users, sales, wireless, 2019, growth, units, grow, iphone, airpods, million, launch, apple, expected, kuo


Apple will launch new AirPods in 2019, sales expected to grow

Apple’s wireless AirPods headphones could see massive growth over the next few years, TF International Securities analyst Ming-Chi Kuo wrote in a research note released last week. It’s a positive sign for Apple as it seeks new growth areas that can help the company squeeze more revenue out of each iPhone user.

Kuo, who has a track record for accurately predicting Apple product launches, said AirPods are Apple’s most popular accessory ever.

In the note, Kuo said Apple AirPods have the fastest growth momentum of any Apple product. Kuo estimates Apple will ship 26-28 million AirPod units this year, up from 14-16 million in 2017. Kuo also expects Apple to release a new version of AirPods next year with wireless charging that will help propel shipments to 50-55 million units next year, 70-80 million in 2020 and 100-110 million units in 2021.

Apple does not disclose how many accessories like AirPods and Apple Watches it sells, and lumps the revenue those products generate into its “Other Products” category.

“Over 1 billion iPhone users worldwide offer great potential growth opportunities for AirPods,” Kuo said. “We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models.”

Apple’s stock has taken a large hit over the last month, following a slew of reports that iPhone sales are falling below expectations. Apple also said last month that it will no longer report unit sales for the iPhone, which rattled investors. The rout caused Apple to lose its position as the largest U.S. public company by market cap to Microsoft on Friday.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: todd haselton, getty images
Keywords: news, cnbc, companies, users, sales, wireless, 2019, growth, units, grow, iphone, airpods, million, launch, apple, expected, kuo


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Watch: SpaceX set to break records with ‘SmallSat Express’ mission

SpaceX completed an unprecedented 19th launch this year on Monday, while putting a U.S. record 64 satellites in orbit at once. This Falcon 9 rocket’s large first stage, also known as the “booster,” launched and landed twice before, in May and August. Earlier this year, it debuted the Falcon 9 Block 5: The most advanced version of the workhorse rocket. Each Falcon 9 Block 5 “is capable of at least 100 flights,” Musk said in May. The billionaire entrepreneur said the SpaceX plans for Falcon 9 to b


SpaceX completed an unprecedented 19th launch this year on Monday, while putting a U.S. record 64 satellites in orbit at once. This Falcon 9 rocket’s large first stage, also known as the “booster,” launched and landed twice before, in May and August. Earlier this year, it debuted the Falcon 9 Block 5: The most advanced version of the workhorse rocket. Each Falcon 9 Block 5 “is capable of at least 100 flights,” Musk said in May. The billionaire entrepreneur said the SpaceX plans for Falcon 9 to b
Watch: SpaceX set to break records with ‘SmallSat Express’ mission Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: michael sheetz
Keywords: news, cnbc, companies, company, smallsat, watch, mission, express, break, launch, rockets, falcon, refresh, records, spacex, workhorse, set, block, page, rocket


Watch: SpaceX set to break records with 'SmallSat Express' mission

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SpaceX completed an unprecedented 19th launch this year on Monday, while putting a U.S. record 64 satellites in orbit at once.

Additionally, SpaceX made history as the first company to fly the same orbital-class rocket three times. This Falcon 9 rocket’s large first stage, also known as the “booster,” launched and landed twice before, in May and August. Reusing rockets is key to Elon Musk’s space company, which hopes to make humanity “a multiplanetary species.”

SpaceX now dominates the global market of orbital rocket launches. Earlier this year, it debuted the Falcon 9 Block 5: The most advanced version of the workhorse rocket. Each Falcon 9 Block 5 “is capable of at least 100 flights,” Musk said in May. The billionaire entrepreneur said the SpaceX plans for Falcon 9 to be able to launch, land and launch again in 24 hours as early as next year.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: michael sheetz
Keywords: news, cnbc, companies, company, smallsat, watch, mission, express, break, launch, rockets, falcon, refresh, records, spacex, workhorse, set, block, page, rocket


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Nasdaq plows ahead to launch bitcoin futures despite cryptocurrencies’ bear market

The Nasdaq is moving ahead with plans to launch bitcoin futures as early as next year, despite an ongoing bear market for crypto. The world’s second-largest stock exchange is partnering with VanEck to launch cryptocurrency products, including derivatives, according to a representative from the investment management firm. So far, the Commodity Futures Trading Commission, which regulates bitcoin, has approved two crypto futures products — one from the Chicago Board Options Exchange and another by


The Nasdaq is moving ahead with plans to launch bitcoin futures as early as next year, despite an ongoing bear market for crypto. The world’s second-largest stock exchange is partnering with VanEck to launch cryptocurrency products, including derivatives, according to a representative from the investment management firm. So far, the Commodity Futures Trading Commission, which regulates bitcoin, has approved two crypto futures products — one from the Chicago Board Options Exchange and another by
Nasdaq plows ahead to launch bitcoin futures despite cryptocurrencies’ bear market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: kate rooney, scott mlyn
Keywords: news, cnbc, companies, exchange, plows, bitcoin, launch, market, cryptocurrencies, futures, nasdaq, cryptocurrency, ahead, worlds, gurbacs, bear, despite, week, crypto


Nasdaq plows ahead to launch bitcoin futures despite cryptocurrencies' bear market

The Nasdaq is moving ahead with plans to launch bitcoin futures as early as next year, despite an ongoing bear market for crypto.

The world’s second-largest stock exchange is partnering with VanEck to launch cryptocurrency products, including derivatives, according to a representative from the investment management firm.

Gabor Gurbacs, VanEck’s director of digital asset strategy, confirmed previous reports of the bitcoin product during the “Consensus: Invest” conference in Manhattan on Tuesday. The companies will bring “a regulated crypto 2.0 futures-type contract” to investors, Gurbacs said during a panel discussion.

Nasdaq won’t be the only one in the bitcoin futures arena — rival New York Stock Exchange’s owner Intercontinental Exchange is rolling out its own contracts and said last week they will go live in late January.

So far, the Commodity Futures Trading Commission, which regulates bitcoin, has approved two crypto futures products — one from the Chicago Board Options Exchange and another by the Chicago Mercantile Exchange. This week, those derivatives contracts hit their lowest level since they were introduced in December.

VanEck’s Gurbacs said the firm “ran a few extra miles working with the CFTC to bring about new standards for custody and surveillance.”

Those are two of the issues that Securities and Exchange Commission Chairman Jay Clayton said this week need to be resolved before he would feel “comfortable” allowing a crypto exchange traded fund, or ETF, to come to market.

VanEck has separately been vying for approval of what would be the first-ever bitcoin ETF. The SEC has turned down multiple other applications, including one by brothers Cameron Winklevoss and Tyler Winklevoss, citing risks of market manipulation and investor protection.

The U.S. financial watchdog has yet to approve one. It published a letter in January pointing to “significant investor protection issues that need to be examined” before sponsors can offer these funds to retail investors.

Bitcoin itself is struggling to find a bottom this week. The world’s largest cryptocurrency rose 13 percent, back above the $4,000 level after hitting a 14-month low on Sunday. Bitcoin is down more than 75 percent since its all-time high near $20,000 in December, according to data from CoinDesk.

Nasdaq CEO Adena Friedman told CNBC in April that the exchange was closely watching the cryptocurrency sector. Once it matures, she said, the Nasdaq is open to becoming a platform for trading cryptocurrencies such as bitcoin.

“Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman told CNBC’s “Squawk Box” in April. “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors.”


Company: cnbc, Activity: cnbc, Date: 2018-11-28  Authors: kate rooney, scott mlyn
Keywords: news, cnbc, companies, exchange, plows, bitcoin, launch, market, cryptocurrencies, futures, nasdaq, cryptocurrency, ahead, worlds, gurbacs, bear, despite, week, crypto


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Goldman Sachs Marcus is shaking up retail banking in the U.K.

Goldman Sachs’ new online retail bank Marcus has “exceeded every expectation” in its debut on the international stage, according to its managing director. Des McDaid at Goldman Sachs told CNBC that the digital bank has won over 100,000 U.K. customers since its launch at the end of September. “U.K. savers have been waiting for something for a long time,” McDaid said Tuesday from the LendIt fintech conference in London. McDaid said Goldman is committed to its business in the U.K. despite questions


Goldman Sachs’ new online retail bank Marcus has “exceeded every expectation” in its debut on the international stage, according to its managing director. Des McDaid at Goldman Sachs told CNBC that the digital bank has won over 100,000 U.K. customers since its launch at the end of September. “U.K. savers have been waiting for something for a long time,” McDaid said Tuesday from the LendIt fintech conference in London. McDaid said Goldman is committed to its business in the U.K. despite questions
Goldman Sachs Marcus is shaking up retail banking in the U.K. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, mcdaid, savings, uk, launch, online, savers, shaking, marcus, goldman, banking, interest, retail, sachs


Goldman Sachs Marcus is shaking up retail banking in the U.K.

Goldman Sachs’ new online retail bank Marcus has “exceeded every expectation” in its debut on the international stage, according to its managing director.

Des McDaid at Goldman Sachs told CNBC that the digital bank has won over 100,000 U.K. customers since its launch at the end of September. Marcus’ online platform promises customers a 1.5 percent interest rates on their savings, the highest rate in the market for instant access accounts, according to data firm Moneyfacts.

“U.K. savers have been waiting for something for a long time,” McDaid said Tuesday from the LendIt fintech conference in London. “We said we’d put the interest back into savings. We did that by creating a bit of a buzz, a bit of a noise around our launch, and it’s just taken off.”

McDaid said Goldman is committed to its business in the U.K. despite questions facing the country’s financial services industry after Brexit. He added uncertainty in the economic outlook from Brexit is one reason consumers need to save money.

“We’re in the U.K. to stay and hopefully U.K. savers know that,” McDaid said.


Company: cnbc, Activity: cnbc, Date: 2018-11-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, mcdaid, savings, uk, launch, online, savers, shaking, marcus, goldman, banking, interest, retail, sachs


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NASA orders review of SpaceX, Boeing after Elon Musk’s pot-smoking upsets officials: Report

Musk’s pot-smoking upset high level NASA officials, the Post reported, causing the agency to take a look at SpaceX. While NASA officials reportedly focused on Musk’s behavior, Boeing – SpaceX’s competitor under NASA’s Commercial Crew program – is also under review. “We are focused on safe and successful commercial crew missions to the International Space Station. NASA’s Commercial Crew program is part of the agency’s plan to once again launch U.S. astronauts from U.S. soil. Overall, delays have


Musk’s pot-smoking upset high level NASA officials, the Post reported, causing the agency to take a look at SpaceX. While NASA officials reportedly focused on Musk’s behavior, Boeing – SpaceX’s competitor under NASA’s Commercial Crew program – is also under review. “We are focused on safe and successful commercial crew missions to the International Space Station. NASA’s Commercial Crew program is part of the agency’s plan to once again launch U.S. astronauts from U.S. soil. Overall, delays have
NASA orders review of SpaceX, Boeing after Elon Musk’s pot-smoking upsets officials: Report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: michael sheetz, bill ingalls nasa, getty images news, getty images
Keywords: news, cnbc, companies, orders, safety, spacex, boeing, post, report, musks, workplace, officials, nasa, potsmoking, elon, program, review, upsets, launch, crew, commercial


NASA orders review of SpaceX, Boeing after Elon Musk's pot-smoking upsets officials: Report

NASA will conduct a safety review of Boeing and SpaceX, months after the latter company’s founder and CEO Elon Musk smoked marijuana during a videotaped podcast, according to the Washington Post on Tuesday.

The agency’s review of the companies will begin next year, the report says. Musk’s pot-smoking upset high level NASA officials, the Post reported, causing the agency to take a look at SpaceX. The U.S. Air Force also began looking into Musk’s marijuana smoking shortly after the incident.

While NASA officials reportedly focused on Musk’s behavior, Boeing – SpaceX’s competitor under NASA’s Commercial Crew program – is also under review.

“We are focused on safe and successful commercial crew missions to the International Space Station. In the coming months, prior to the crew test flights of Crew Dragon and Starliner, NASA will be conducting a cultural assessment study in coordination with our commercial partners to ensure the companies are meeting NASA’s requirements for workplace safety, including the adherence to a drug-free environment,” NASA said in a statement to CNBC.

NASA’s Commercial Crew program is part of the agency’s plan to once again launch U.S. astronauts from U.S. soil. Since the end of the Space Shuttle program in 2011, astronauts have flown aboard Russian Soyuz — at a cost to NASA of more than $70 million per seat. The Commercial Crew program is competitive, with contracts up for grabs for SpaceX to win with its Dragon capsules and Boeing with its Starliner capsules.

NASA associate administrator William Gerstenmaier told the Post that the review process will be “pretty invasive.” The agency will take a look at “everything and anything that could impact safety,” Gerstenmaier said. NASA plans to interview hundreds of Boeing and SpaceX employees, according to Gerstenmaier, at all levels of authority.

Top NASA official Jim Bridenstine said in the report that he has “a lot of confidence in the SpaceX team.”

“Culture and leadership start at the top,” Bridenstine told the Post. “Anything that would result in some questioning the culture of safety, we need to fix immediately.”

SpaceX said in a statement to CNBC that flying humans in space “is the core mission” of Musk’s company.

“There is nothing more important to SpaceX than this endeavor, and we take seriously the responsibility that NASA has entrusted in us to safely and reliably carry American astronauts,” SpaceX said. “In addition, SpaceX actively promotes workplace safety and we are confident that our comprehensive drug-free workforce and workplace programs exceed all applicable contractual requirements.”

Boeing similarly emphasized its workplace culture, telling CNBC in a statement that the company ensures “the integrity, safety, and quality” of its workplace and production.

“As NASA’s trusted partner since the beginning of human spaceflight, we share the same values and are committed to continuing our legacy of trust, openness and mission success,” Boeing said.

SpaceX is set to launch its first Crew Dragon demonstration flight without astronauts in January, months ahead of Boeing, which suffered a testing setback to its capsule in June. The earliest Boeing’s Starliner capsule will fly is March, although a government watchdog report earlier this year cast doubt over the aerospace giant’s schedule.

Overall, delays have plagued the Commercial Crew program since 2014, when NASA first handed out multi-billion dollar contracts to SpaceX and Boeing.

Musk’s company is nearing the end of a milestone year. SpaceX had its record-tying 18th launch of the year on Thursday. The company also launched Falcon Heavy for the first time, the most powerful rocket since the Atlas V, as well as the final version of its Falcon 9 rocket called Block 5.

SpaceX also put two test satellites for its “Starlink” network into orbit, with the FCC approving SpaceX to launch thousands more of the satellites to create a broadband communications network comparable to fiber optic networks. Additionally, NASA recently gave SpaceX’s Falcon 9 rocket a vote of confidence, certifying the rocket on Nov. 8 as a “Category 3 launch vehicle.”

“LSP Category 3 certification is a major achievement for the Falcon 9 team and represents another key milestone in our close partnership with NASA,” SpaceX President and COO Gwynne Shotwell said in a statement.

Read the full Washington Post story here.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: michael sheetz, bill ingalls nasa, getty images news, getty images
Keywords: news, cnbc, companies, orders, safety, spacex, boeing, post, report, musks, workplace, officials, nasa, potsmoking, elon, program, review, upsets, launch, crew, commercial


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New $15 million dollar team competition to launch 2020 tennis season

Details of the ATP Cup were revealed at a news conference at London’s O2 Arena this week, against the backdrop of the season-ending ATP Tour Finals. The ATP Cup will then follow in the first week of January 2020 and will take place over 10 days in three Australian cities. “This is never an attempt to damage the Davis Cup, but we have got to look forward,” Chris Kermode, ATP President exclusively told CNBC. The ATP Cup, which will clash with the ATP’s Doha tournament, will see 24-nations split in


Details of the ATP Cup were revealed at a news conference at London’s O2 Arena this week, against the backdrop of the season-ending ATP Tour Finals. The ATP Cup will then follow in the first week of January 2020 and will take place over 10 days in three Australian cities. “This is never an attempt to damage the Davis Cup, but we have got to look forward,” Chris Kermode, ATP President exclusively told CNBC. The ATP Cup, which will clash with the ATP’s Doha tournament, will see 24-nations split in
New $15 million dollar team competition to launch 2020 tennis season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: adam reed, tpn, getty images sport, getty images
Keywords: news, cnbc, companies, atp, competition, team, players, 2020, events, prize, kermode, event, huge, million, 15, cup, launch, season, tennis, dollar


New $15 million dollar team competition to launch 2020 tennis season

Details of the ATP Cup were revealed at a news conference at London’s O2 Arena this week, against the backdrop of the season-ending ATP Tour Finals. For the announcement, Kermode was joined by Tennis Australia CEO Craig Tiley and world number one Novak Djokovic.

The new event has been seen by some as a threat to the International Tennis Federation’s (ITF) revamped Davis Cup, which returns in November 2019 with an 18-nation final in Madrid. The ATP Cup will then follow in the first week of January 2020 and will take place over 10 days in three Australian cities.

“This is never an attempt to damage the Davis Cup, but we have got to look forward,” Chris Kermode, ATP President exclusively told CNBC. “I think they can run alongside each other. Other sports have shown you can have multiple team events. I think having them too close together is an issue, but I can see that being resolved at some point.”

The ATP Cup, which will clash with the ATP’s Doha tournament, will see 24-nations split into six groups, with eight emerging to compete in a knockout phase.

“What’s in it for them is two-fold. It’s a $15 million dollar prize pot. It’ll be the biggest prize money pot on our tour. Just as importantly, they’ve got a real say in this event.” Kermode said. “That’s what the ATP is about, it’s owned 50 percent by the players and 50 percent by the promoters, so it gives the players a huge voice in our sport to have their own event.’

The ATP acknowledges that for nearly the past two decades, men’s tennis has been in an era of almost unprecedented quality. The era of Roger Federer, Novak Djokovic, Rafael Nadal and Andy Murray has seen huge growth in terms of generating revenue, which has risen 62 percent since 2012 to almost $150 million. Total prize money for its sixty-four yearly events has increased to $137.5 million for 2018.

The ATP will also be completely rebranded for 2019, centred on attracting in a younger audience, having identified that the average age of someone who attends live tennis is currently 61.

The six-week gap between the ATP Cup and the Davis Cup was earlier this year labelled “insane” by Kermode, and on Wednesday Djokovic suggested it would result in “two average events”.

However, speaking at the official launch of the ATP Cup on Thursday, Djokovic appeared to back the new competition.

“It’s really nice to have a new fresh team event, the ATP Cup, to kick-start the year in the best possible way on our terms,” said the World Number One. “Obviously the Australian Open is one of the four Grand Slams which are historically the biggest events in our sport and to be able to have a couple of weeks before that an event like this is truly going to make an impact.”

Participation in the ATP Cup will not be mandatory and so as well as huge $15 million prize fund, the new tournament is offering up to 750 ranking points, adding to the incentive for the players.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: adam reed, tpn, getty images sport, getty images
Keywords: news, cnbc, companies, atp, competition, team, players, 2020, events, prize, kermode, event, huge, million, 15, cup, launch, season, tennis, dollar


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Rocket Lab raises $140 million in ‘dry powder’ to fast-track business of small rockets

Rocket Lab builds small rockets, priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Launching affordably and frequently were the two priorities Rocket Lab had when designing Electron. But Rocket Lab is not trying to compete with those big rockets. Beck said this latest investment round shows that “Rocket Lab is maturing” and attracting Wall St


Rocket Lab builds small rockets, priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Launching affordably and frequently were the two priorities Rocket Lab had when designing Electron. But Rocket Lab is not trying to compete with those big rockets. Beck said this latest investment round shows that “Rocket Lab is maturing” and attracting Wall St
Rocket Lab raises $140 million in ‘dry powder’ to fast-track business of small rockets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: michael sheetz, kieran fanning, sam toms, rocket lab
Keywords: news, cnbc, companies, launch, dry, million, beck, trying, orbit, company, raises, powder, rockets, spice, electron, small, rocket, fasttrack, business, lab


Rocket Lab raises $140 million in 'dry powder' to fast-track business of small rockets

Rocket Lab builds small rockets, priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Launching affordably and frequently were the two priorities Rocket Lab had when designing Electron. “Almost everything in” Electron is “made in-house,” Spice said.

Small rockets like Electron can save customers months of time getting to orbit but come at a higher cost compared to flying as a “rideshare” on a larger rocket like the SpaceX Falcon 9. But Rocket Lab is not trying to compete with those big rockets. Beck’s company is targeting customers who wants to test new technologies very quickly, with an end goal of being able to launch on demand.

The company is fresh off its first commercial launchon Saturday, which put seven spacecraft in orbit. With operations in New Zealand and California, Rocket Lab is increasing production as it tries to launch one rocket a month by next year and then one every two weeks, Beck said.

Its factories “have been specifically designed to produce one rocket a week,” Beck said

Electron reached orbit for the first time in January. Despite an issue with one of the rocket’s systems delaying its second orbital launch for several months, Rocket Lab has a sizable lead on the rest of the industry. Competitors Virgin Orbit, Vector and Astra Space are deep into testing programs but have yet to reach orbit. Beck estimates there are over 100 companies in total trying to catch up.

Beck said this latest investment round shows that “Rocket Lab is maturing” and attracting Wall Street interest. While investment money is the “most accessible” among venture firms and sovereign wealth, Spice said he’s “getting more calls” from the likes of J.P. Morgan.

“We’ve got the biggest of the big names on the financial side kind of kicking the tires on participating,” Spice said.

Beck said it’s too early to know when a Rocket Lab IPO would happen, as the company has “a few things we want to execute first.”

“We want to get the launch cadence right up there,” Beck said. “There’s a little bit more I need to achieve.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: michael sheetz, kieran fanning, sam toms, rocket lab
Keywords: news, cnbc, companies, launch, dry, million, beck, trying, orbit, company, raises, powder, rockets, spice, electron, small, rocket, fasttrack, business, lab


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