We have liftoff!
SpaceX successfully launched its Falcon Heavy rocket on Tuesday afternoon, ending years of anticipation and a couple hours of last-minute delays.
John Timmer, science editor at Ars Technica, explains why this historic launch is such “an amazing achievement.”
“Traditionally, these huge launch vehicles have been the domain of governments,” Timmer told Cheddar, referring to the U.S. and Russian space programs.
This marks the first time a private company has ever developed a rocket like this.
The launch puts the Elon Musk-led company ahead of Blue Origin, run by Amazon CEO Jeff Bezos. Timmer says that company plans its own high-power rocket launch but is still a few years away.
And Roscosmos, the Russian space program, also tried to launch a rocket with many small engines but “failed spectacularly,” a stark contrast to the Falcon Heavy, which was propelled by 27 engines.
“SpaceX, between current computer control systems and their careful manufacturing, has apparently solved the problem necessary to send something into orbit with that many engines,” Timmer said.
The Falcon Heavy launched from Kennedy Space Center at 3:45 pm ET on Tuesday. Musk added some showmanship to the event, by including his own Tesla roadster as the payload. By the end of the day the roadster was on a trajectory that is planned to put it in a long elliptical orbit around Mars.
For full interview, [click here](https://cheddar.com/videos/despite-doubts-falcon-heavy-has-a-successful-launch).
With high healthcare costs, bills can quickly add up. In some cases, it is possible to negotiate your medical bills. Barak Richman, law professor at George Washington University, joined Cheddar News to discuss the easiest way to talk to medical debt companies about what's owed.
Millions of people have selected insurance plans for 2024 but sometimes navigating them can be tricky time consuming and expensive. Paula Pant, host of 'Afford Anything' podcast, joined Cheddar News to break down what's needed to know about their insurance plans.
The European Union is investigating Elon Musk's X over alleged illicit content and disinformation on its platform. Cheddar News breaks it all down and discusses what it could mean for users.
Adobe and Figma called off their $20 million merger, Southwest Airlines gets fined, Nippon Steel is buying U.S. Steel and oil and gas prices surge after a pause in shipments.
With more employees being called back to the office, many workers are suddenly protesting by being in the office for as little time as possible. As the term suggests, coffee-badging means coming in for just enough time to have a cup of coffee, show your face, and swipe your badge.
Japan's Nippon steel is buying U.S. Steel for $14.9 billion.
Southwest Airlines will pay a $35 million fine as part of a settlement over a 2022 holiday season disaster that saw the airline cancel thousands of flights and leave millions of people stranded.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened slightly higher after Monday's opening bell after several weeks of gains as the year closes out.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
