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The Ax-1 mission, arranged by Houston, Texas-based space tourism company Axiom Space, is a watershed moment for the space industry as companies race to make space travel more accessible to private customers instead of governments. Private citizens have trekked to the space station in the past, but the Ax-1 mission marks the first to use a commercially built astronaut capsule: SpaceX’s Crew Dragon, which flew its first two crews to the ISS last year. … [Read more...] about Axiom names first private crew paying $55 million for a trip to the ISS

Not all of the possibilities will be pleasant ones. Government oversight has forced space agencies to be cautious, and without that caution, there are real concerns about safety. Virgin Galactic’s early flights led to a number of mishaps, ultimately resulting in the death of a test pilot in 2014. As SpaceX’s September explosion reminded us, launches are still unpredictable, and it remains to be seen how well private companies will safeguard passengers. The risks of a flight increase after launch, too, as passengers will be well beyond the reach of anyone on Earth. … [Read more...] about SpaceX’s Moon flight will be the first truly private ticket to space

Amateur investors piled further into niche stocks, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk. GameStop surged 50% in extended trade after Musk tweeted "Gamestonk!!", along with a link to Reddit's Wallstreetbets stock trading discussion group, where supporters affectionately refer to the Tesla CEO as "Papa Musk." "Stonks" is a tongue-in-cheek term for stocks widely used on social media. GameStop's after-hours surge added to a 93% jump during Tuesday's roller coaster trading session, with the videogame retailer's stock propelled by traders on Wallstreetbets, many of them buying volatile call options. The share spikes of the last few days are raising questions about potential regulatory clampdowns from the U.S. Securities and Exchange Commission. "Such volatile trading fueled by opinions where there appears to be little corporate activity to justify the price movement is … [Read more...] about GameStop extends Reddit driven hyper-rally after Elon Musk tweet