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).
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
Stocks were mixed in Tuesday's early session as Wall Street came off a strong rally last week.
