![]() CosMc's, named after a space alien character featured in ads in the 1980s, is not the first attempt by McDonald's to cash in on nostalgia following a highly successful Grimace Birthday Meal that went viral in June. CosMc's will feature customizable specialty beverages that will rival popular chains like Starbucks ( SBUX). McDonald's ( MCD) will begin testing a new small store format called CosMc's this week, earlier than it previously expected, with plans to open 10 locations by the end of 2024. Starship progresses further before being destroyed intentionally Topping the 61 launches set last year, SpaceX also just marked its 90th orbital mission of 2023, and company representatives have said they are shooting for 144 launches in 2024. Falcon rockets have sent out payloads for private-sector companies, as well as NASA and other government agencies. rival, Amazon's ( AMZN) Project Kuiper, is far behind - with only two initial prototype satellites - and even recently inked a contract with SpaceX to get its satellites to orbit. On the commercial side of things, Starlink has also been hailed by those living in rural or remote areas, and is now available on all seven continents, including Antarctica.īattle for the sky: With 5,100 satellites so far delivered to low-Earth orbit, SpaceX has rapidly expanded its Starlink constellation. The satellite service has also taken a role in the Ukraine-Russia war, has been pitched to help past protests in Iran, and potentially provide service in Gaza subject to Israeli approval. military tests in the Arctic, clearing the way for potential contracts from the Space Force. ![]() On that note, Starlink just completed nine months of U.S. A separate Starlink ( STRLK) IPO could come next year as the division grows in its consumer and military importance on the world stage. Besides its Falcon rocket launches, much of SpaceX’s value comes from Starlink, which provides high-speed internet access beamed from a growing constellation of satellites. It's on track to book revenues of about $9B in 2023, with sales projected to climb to $15B in 2024. Higher and higher: Momentum kicked into high gear after SpaceX's soaring revenue helped it turn a profit in the first quarter of this year following two straight annual losses. ![]() That's up from the $150B valuation SpaceX received in the summer and would trounce the $137B valuation it received when raising $750M from investors in January. Fresh reports suggest that SpaceX ( SPACE) is in talks that would value Elon Musk's space firm at $175B or more, following a tender offer that could range from $500M-$750M and price shares at about $95 apiece. All Rights Reserved.The most valuable startup in America might be getting even more valuable. Popular support for the war remains solid, and elite backing for Putin has not fractured.Ĭopyright ©2023 Dow Jones & Company, Inc. Putin’s hold on power was, paradoxically, strengthened following Yevgeny Prigozhin’s failed rebellion in June. The Russian economy has been buffeted, but it is not in tatters. At the front line, there are no indications that Russia is losing what has become a war of attrition. Putin has reason to believe that time is on his side. has been upended by polarization and dysfunction in Congress, not to mention the pro-Putin leanings of Republican presidential front-runner Donald Trump. Tumult in the Middle East dominates the headlines, and bipartisan support for Ukraine in the U.S. A much-anticipated Ukrainian counter-offensive has not achieved the breakthrough that would give Kyiv a strong hand to negotiate. As Russian President Vladimir Putin looks toward the second anniversary of his all-out assault on Ukraine, his self-confidence is hard to miss.
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