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WSJ Tech News Briefing

How SpaceX Is Deepening Its Ties With the U.S. Government

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 23 February 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

SpaceX has made a name for itself launching lots of big rockets. Shortly after Elon Musk founded the company in 2002, it won a launch contract with an undisclosed U.S. intelligence customer. Now, SpaceX is deepening its relationship with the U.S. intelligence and military agencies. In 2021, the company entered into a $1.8 billion classified contract with the U.S. government. WSJ reporter Drew FitzGerald tells host Alex Ossola about what that means for the future of SpaceX’s business. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:30.0

Welcome to tech News Briefing. It's Friday, February 23rd. I'm Alex Oscela for the Wall Street Journal.

0:40.0

Coming up on today's show, a growing number of startups

0:42.8

are storing energy as heat in big blocks of carbon, bricks,

0:46.5

and salt.

0:47.7

W.S.J. Climate Finance reporter Amrith Rum Kumar

0:51.1

tells us why that could have a big impact on global emissions.

0:55.1

And then, Elon Musk's SpaceX has long had a relationship with US national security agencies.

1:00.9

Now it's becoming the go-to contractor to get satellites into space quickly.

1:05.0

We'll hear from W.S.J. reporter Drew Fitzgerald about what that means for the future of

1:09.8

SpaceX's business and its competitors.

1:16.3

But first, to make things like steel and cement, factories need to work at really high temperatures,

1:22.2

and that requires a lot of energy. Industrial heat accounts

1:25.3

for roughly 10% of greenhouse gas emissions. Now, the growing field of thermal batteries

1:30.7

promises to help companies replace fossil fuels with green energy and

1:34.8

investments are heating up.

1:36.9

W.S.J. Climate Finance reporter Amrith Ram Kumar joins me now with more.

...

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