Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

FAA grounds SpaceX after rocket falls over in flames at landing

MARCIA DUNN
August 28, 2024

SpaceX launches are on hold after a booster rocket toppled over in flames while landing Wednesday.

The Federal Aviation Administration grounded the company's Falcon 9 rockets and ordered an investigation following the predawn accident off the Florida coast. No injuries or public damage were reported.

It's too early to know how much impact this will have on SpaceX's upcoming crew flights, one private and the other for NASA. A billionaire's chartered flight was delayed just a few hours earlier because of a poor weather forecast.

The rocket blasted off from Cape Canaveral Space Force Station and got all 21 Starlink internet satellites to orbit. But the first-stage booster fell over in a fireball moments after landing on an ocean platform, the first such accident in years. It was the 23rd time this particular booster had launched, a recycling record for SpaceX.

The FAA said it must approve SpaceX's accident findings and corrective action before the company can resume Falcon 9 launches. A launch from California with more Starlinks was immediately called off following the accident.

Besides the private spaceflight awaiting liftoff from Florida's Kennedy Space Center, SpaceX is due to launch a pair of astronauts for NASA late next month. Two seats will be set aside for the two astronauts who launched in June aboard Boeing's new Starliner capsule, deemed unsafe by NASA for their return.

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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute's Science and Educational Media Group. The AP is solely responsible for all content.

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