SpaceX is planning to launch its Falcon Heavy rocket Tuesday. CEO Elon Musk tweeted Sunday night it "remains go." If it is successful it will be the biggest, and most powerful rocket to go into space over thirty years. Phil Plait, author of The Bad Astronomy blog, explains challenges facing Tuesday's lift-off.
"This is the most powerful rocket that will have been launched since the Saturn 5," says Plait. "In this case we are having a new generation of rocket that will be able to hopefully take people to Mars."
Tesla's roadster will be in the cargo when this rocket goes to space, along with what Elon Musk is describing as a Starman pressure suit. "It's a publicity stunt," says Plait. "You need to launch something in there. There's got to be some mass in there to test the rocket, and he chose this for sentimental reasons."
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
