In Q1 2025, Tesla posted net income of about $0.4 billion, produced roughly 362,600 vehicles and delivered about 336,700, with volume weakness tied to a refreshed Model Y rollout across four plants. For full-year 2024, Tesla reported revenue of $97.7 billion and net income of $7.1 billion, with automotive gross margins falling to around 15%…
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China’s Zhongxing-9C satellite was launched on June 20, 2025, atop a Long March 3B from Xichang, marking the full localization of Chinese broadcast satellites in the 582nd Long March flight. SpaceX launched the Starlink 10-34 mission from Cape Canaveral Space Force Station, deploying 27 Starlink satellites and bringing the active constellation to nearly 8,000, with…
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In 2024 the value of new industrial robot installations reached $16.5 billion, with over 4.28 million robots operating in factories worldwide. Asia accounted for 70% of new robot installations in 2023, with China alone representing 51% of 2023 installations. In 2025 robotics is being transformed by AI, with analytical AI, Physical AI simulators like NVIDIA’s…
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SpaceX’s Starship suffered a further explosion during a static-fire test at Starbase, Texas, as the company has now completed nine Starship test flights with a record launch cadence in 2024–2025. SpaceX’s Axiom-4 mission docked with the International Space Station, marking India’s return to human spaceflight after 41 years as Group Captain Shubhanshu Shukla became the…
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Latest Updates: XRP and Ripple Labs (2024–2025) Recent years have been eventful for XRP (the cryptocurrency) and Ripple Labs (the company behind it). Key developments include: Background: What Are XRP and Ripple Labs? XRP is a digital asset native to the XRP Ledger (XRPL), a blockchain originally launched in 2012 by Ripple’s founders 21shares.com. It…
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Summary of Recent Developments (Mid-2025) SpaceX’s Starship vehicle lifting off on its ninth test flight from Starbase, Texas in May 2025. Starship is the company’s next-generation, fully-reusable rocket system under development. In summary, by mid-2025 SpaceX is breaking launch records, advancing Starship’s development amid regulatory hurdles, expanding its Starlink network, and securing a growing share…
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Q1 2025 fintech funding jumped 18% quarter-over-quarter to over $10 billion, the highest level in two years. The U.S. FedNow real-time payment rails had onboarded more than 1,200 banks by early 2025 and processed 1.3 million transactions in Q1 2025, up 43% QoQ. In June 2025, the European Payments Initiative launched a cross-border collaboration to…
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Global semiconductor revenue reached $626 billion in 2024, up 18.1% from 2023, with Gartner projecting about $705 billion in 2025. Data-center AI chip sales rose to $112 billion in 2024, up from $64.8 billion in 2023, making generative AI workloads the second-largest semiconductor market after smartphones. Memory revenue jumped about 72% in 2024 and accounted…
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ESA’s Biomass satellite, the first with a P-band SAR, released its initial high-resolution images and enables 3D mapping of forest structure for carbon accounting. Rocket Lab’s 67th Electron launch deployed four satellites—three HawkEye 360 Cluster 12 microsatellites and the experimental Kestrel-0A—marking the ninth Electron mission in 2024. Amazon’s Project Kuiper added 27 satellites to reach…
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Artemis I launched on November 16, 2022, marking NASA’s Space Launch System (SLS) first flight and sending an uncrewed Orion around the Moon. The global space economy reached about $570 billion in 2023, with roughly 80% of that value produced by commercial activities. As of 2025, there are over 11,000 active satellites serving Earth, out…
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