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TechCheck

California Rejects More SpaceX Launches, Plus Nextdoor’s Hurricane Response 10/14/24

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 14 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

A big step this weekend for SpaceX's bid to develop reusable rockets, successfully catching a descending rocket booster on the launch pad with mechanical "chopstick" arms. But officials in California are putting up some hurdles to even more expansion for the startup. Plus, as Florida residents recover from Hurricane Milton, one platform they’re turning to for news and updates is Nextdoor. The social media network says activity has shot up 50% in affected areas. We speak to CEO Nirav Tolia on the platform’s emergency response usage.

Transcript

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0:00.0

A big step for SpaceX this weekend in its bid to develop reusable rockets

0:04.8

successfully catching a descending rocket booster on the launch pad, but officials

0:10.0

in California putting up some hurdles to even more expansion for the startup.

0:13.6

Dirda Bosa is watching that in today's Tech Check.

0:15.9

Morning day.

0:16.9

Hey morning, Carl.

0:17.9

Yeah, incredible footage from over the weekend and Musk of course is pushing the

0:21.3

bounds of technology on so many different

0:23.1

fronts. He's going to need regulators and lawmakers to support all of these

0:26.6

different missions from Robotaxies to his brain implant startup, Neural Link, to SpaceX

0:31.4

now the second most valuable startup in the world.

0:34.6

Now all of the tech world was in awe of the tests this weekend, but it is clear that his

0:38.7

politics are now impacting his ability to operate here in California. The State Commission has rejected a request

0:44.8

to increase the number of rocket launches on the Central Coast, citing concerns about

0:49.2

environmental impacts, but within their discussion, the Commissioner cited Musk's politics saying Elon Musk is hopping

0:56.4

about the country, spewing and tweeting political falsehoods and attacking FEMA while claiming

1:00.9

his desire to help the hurricane victims, it appears she says that rather

1:05.0

than prioritizing the welfare of SpaceX employees and the environment, the focus has been on profit

1:10.5

maximization.

1:11.5

Now Musk, as he often does, he hit back on X,

1:14.6

writing alongside a Politico story on that California rejection,

1:18.0

he writes incredibly inappropriate.

...

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