Feb 6, 2018

Axios PM

Situational awareness: The market avoided a third straight day of losses, yo-yoing its way to a 567 point gain. Chart below.

1 big thing: Falcon has landed

GIF via Axios. Video via SpaceX

Elon Musk launched a car into space today.

SpaceX's FalconHeavy launch was a success, with more than two million viewers live streaming it on YouTube and the networks cutting to cover the historic moment.

  • Both boosters landed (perfectly in sync) and the core landed on Elon Musk's "Of Course I Still Love You" drone ship, Axios' Erin Ross writes.
  • What comes next: The final payload will deploy Musk's cherry-red Tesla roadster into orbit around the sun. Its highly elliptical orbit will take the roadster past Mars.
  • Why it matters: It's a big step towards affordable, airplane-style space commerce. The FalconHeavy is less expensive than comparable rockets and can carry twice the weight of other rockets.

Go deeper: Why Elon Musk's giant rockets matter [YouTube]

GIF via Wired Science. Video via SpaceX
2. The Dow avoids a losing streak
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Data: Money.net; Chart: Axios Visuals
3. What you missed

The SpaceX Falcon Heavy rocket sits on launch pad 39A at Kennedy Space Center yesterday. Photo: Joe Raedle / Getty Images

  1. Apple is considering a rebate for customers who paid full price to replace their iPhone’s battery. Details.
  2. FEMA gave a $156 million contract to provide 30 million meals for Puerto Rico after Hurricane Maria, according to the N.Y. Times. The company only delivered 50,000 meals before the contract was cancelled. More.
  3. The U.S. trade deficit hit $566 billion last year, the highest since since 2008, spurred by a $375.2 billion gap with China and a $71.1 billion deficit with Mexico. Dive in.
  4. The White House denied today that Trump wants a shutdown. His quote: "I'd love to see a shutdown if we don't get this stuff taken care of."
  5. "Treason is not a punchline": Sen. Jeff Flake (R-Ariz.) responded today to Trump's comments yesterday about Democrats acting "un-American" and "treasonous" for not standing during the State of the Union. Video.
  6. Snap Inc. beat on earnings and revenue today, surprising Wall Street investors that had modest expectations for the camera company. More.