Lee Billings, space and physics editor for Scientific American, discusses the financials behind the Falcon Heavy. SpaceX successfully launched the rocket from Kennedy Space Center earlier this week.
Billings explains a Falcon Heavy rocket will be surprisingly cheap to purchase, with a price tag of around $90 million. That's less than 20% what the Delta IV Heavy rocket cost.
Part of the reason it's supposed to be so cheap is that it will be largely reusable. SpaceX says there's no decrease in quality with a rocket that has been used before.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
