Elon Musk

Blue Origin launches, lands New Shepard rocket while streaming live

Blue Origin's New Shepard rocket ascends above West Texas on Jan. 23, 2019.
A Blue Origin New Shepard rocket ascends in the skies above West Texas. Image: Blue Origin

Blue Origin, the space company founded by Amazon billionaire Jeff Bezos, conducted a successful launch and landing of its New Shepard rocket and crew capsule on Wednesday.

Why it matters: The launch and landing bring the company closer to flying humans to suborbital space, which it hopes to begin by the end of 2019. In addition to space tourism, the company is also vying with Elon Musk's SpaceX — as well as a host of other private sector firms — to win contracts to carry cargo payloads to space.

Elon Musk cutting Tesla workforce by 7%

Elon Musk at a press conference pointing up at something with one hand and holding a microphone in the other.
Elon Musk. Photo: Mario Tama/Getty Images

Tesla is slashing its full-time workforce by about 7% as production of the Model 3 sedan ramps up, CEO Elon Musk said in a company email on Friday.

Why it matters: The announcement comes as Musk is trying to make good on pledges to begin offering lower-priced variants of its Model 3, a car critical to the company's future.

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