Space companies to win billions from NASA’s budget, including SpaceX, Blue Origin, Maxar & more

NASA is asking Congress for a $25.2 billion budget next year, a 12% increase from last year, and that will likely be a boon for companies across the space industry.
“It will take a broad coalition to get back to the moon, and NASA is motivated to make it happen,” Rob Meyerson, an industry consultant and former president of Blue Origin, told CNBC.
Companies that will likely benefit from NASA’s budget include Boeing, Lockheed Martin, Aerojet Rocketdyne, SpaceX, Blue Origin, Northrop Grumman, Sierra Nevada Corp. and more.

TechDefoesFebruary 12, 2020tech, nasa

Tesla short sellers lose more than $1.5 billion in one day as stock skyrockets on earnings

Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1.5 on Thursday after its solid earnings, according to data firm S3 Analytics.
Tesla short sellers are now down more than $5.2 billion this year in mark-to-market losses after losing $2.89 billion in 2019.
Since the stock’s June low, Tesla shorts have covered 19.11 million shares, worth $11.1 billion, and are down $12.43 billion in mark-to-market losses.

Renewable energy, TechDefoesFebruary 2, 2020tesla, tech, technology

With Xi’s backing, China looks to become a world leader in blockchain as US policy is absent

In October, Xi gave a speech saying China needs to “seize the opportunities” presented by blockchain, in what appeared to be one of the first instances of a major world leader backing the tech.
Over 500 blockchain projects have been registered with the government.
Experts say China could define the technology if it’s able to take a lead — which could be “dangerous.”

TechDefoesDecember 16, 2019blockchain, bitcoin, investments, china, technology, tech

Virgin Galactic shares to triple as it disrupts airlines with hypersonic travel, Morgan Stanley says

“A viable space tourism business is what you pay for today … but a chance to disrupt the multi-trillion-dollar airline [total addressable market] is what is really likely to drive the upside,” Morgan Stanley analyst Adam Jonas wrote in a note to investors.

Transport, TechDefoesDecember 10, 2019tech, technology, elon musk, virgin galactic, space, defoes

Biogen’s potentially game-changing Alzheimer’s drug still faces an uphill battle with the FDA

Biogen shares rise after the biotech firm offers more data on its late-stage Alzheimer’s drug, aducanumab.
Analysts who parsed through it say the lack of any new negatives in the report means that they expect the company will take the data to the Food and Drug Administration.

InvestmentDefoesDecember 10, 2019biogen, defoes, tech

Cyberattacks in the Middle East are on the rise. Here’s who they’re targeting

Cyberattacks in the Middle East are on the rise, and many of them are targeting the oil and gas sector, according to a new report from cybersecurity firm DarkMatter.

Earlier this year, DarkMatter was hit by allegations that it was linked to a surveillance and hacking operation carried out for the UAE government.

CybersecurityDefoesJune 20, 2019cyber security, security, tech, technology

Chinese hacker used USB sticks to steal data from hotel guests and then sold it on a popular freelancing site

A former hacker from China’s People’s Liberation Army was inspired by Russians to steal business plans and selling them, according to Kate Fazzini’s new book, “Kingdom of Lies.”

Bo Chou got a job at a hotel in Shanghai and was tricked guests into picking up “Free USB Storage” devices.
Once the simple malware loaded onto the USB drives is installed onto their computers, Bo had access to business spreadsheets and proprietary client lists.

CybersecurityDefoesJune 13, 2019cyber security, security, tech, hackersComment

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