December 9, 2022

SpaceX launches further into space

This week SpaceX sells to the government, flights hit a 15-year high and Apple shows its patriotism. These are the five big stories from the week that was. 1. Space Force Elon Musk’s SpaceX is launching further into space with its new business line Starshield, expanding its Starlink satellite technology into military applications. Unlike its…

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This week SpaceX sells to the government, flights hit a 15-year high and Apple shows its patriotism. These are the five big stories from the week that was.

1. Space Force

Elon Musk’s SpaceX is launching further into space with its new business line Starshield, expanding its Starlink satellite technology into military applications.

Unlike its consumer and commercial counterpart Starlink, Starshield looks to have a distinct focus on government bodies, with the high profile U.S. Department of Defence to be first in line for Musk’s new range of satellites.

2. Made in America

After facing shortages due to COVID lockdowns in China, Apple CEO Tim Cook announced that chips used in Apple devices will now also start to be manufactured in America.

The new Arizona chip factory will be owned and operated by Taiwan Semiconductor Manufacturing Company (NYSE: TSM).

3. Bumped

The Australian Competition & Consumer Commission (ACCC) says it will monitor domestic airlines closely to ensure they add additional flights and seats to bring down the price of air travel, which has hit a 15-year high.

4. Anti-competitive

The U.S. Federal Trade Commission has filed an antitrust case against tech giant Microsoft to challenge its acquisition of gaming company Activision Blizzard, claiming the deal would lessen competition in the sector.

Last month, Microsoft offered Sony a 10-year contract to make future Call of Duty games available on PlayStation in a bid to fight off objections to its acquisition. Sony is yet to accept the offer.

5. Downward Dog

Lululemon reported Q3 earnings that beat analysts expectations overnight, but after presenting a weaker than expected guidance for Q4, shares in the athleisure giant tumbled in after hours trading.

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