Musk’s SpaceX to invest $1.8 billion in Florida for Starship program expansion

By Joey Roulette WASHINGTON (Reuters) – SpaceX is planning to invest at least $1.8 billion to build new Starship launchpads and processing facilities on Florida’s Space Coast, eyeing a key expansion for the rocket program beyond Texas amid pending environmental reviews, according to the state’s governor. Elon Musk’s SpaceX has been looking to build new…

Read More

Explainer-What is Elon Musk’s DOGE? How much money has it saved US taxpayers?

By Tim Reid WASHINGTON (Reuters) – U.S. President Donald Trump is expected to boast about his sweeping cuts to the federal bureaucracy during an address to a joint session of Congress on Tuesday night, with praise for tech billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE). Trump has given Musk and his DOGE team…

Read More

Tariffs would need to be in place for years to alter US-Canada crude flows, Enbridge says

By Amanda Stephenson CALGARY (Reuters) -Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are…

Read More

Nvidia-backed cloud firm CoreWeave reveals revenue surge in US IPO filing

By Arasu Kannagi Basil (Reuters) -Nvidia-backed CoreWeave’s revenue surged more than eight-fold in 2024, the cloud provider disclosed on Monday in its U.S. initial public offering paperwork, as the startup presses ahead with the first major artificial intelligence listing in New York this year. The filing lays the groundwork for what could be one of…

Read More