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Tracy Mumford

👤 Speaker
3173 total appearances

Appearances Over Time

Podcast Appearances

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

It could get pushed through as soon as this morning.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

It's the same bipartisan deal that had been floated last week before President Trump and Republicans in the House angrily rejected it.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

Since then, there have been behind-the-scenes talks at the White House and on Capitol Hill about how to break the stalemate.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

While Congress is technically in the middle of a spring break recess, there are special sessions today that could allow the measure to pass.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

That requires, though, that not a single lawmaker object.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

And some hard-right Republicans could still throw a wrench in things.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

They see the deal as caving to Democrats because it specifically leaves out new funding for ICE and Border Patrol.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

And high above the Earth.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

NASA's Artemis II mission has now successfully begun its journey to the moon.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

It's at the very start of a mission that will take it 250,000 miles away from Earth as it passes all the way behind the moon.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

It's expected to make it there on Monday before using the moon's gravity to swing back to Earth without needing to use any power from its engines.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

Other than a brief hiccup with the comms and an undisclosed issue with the toilet on board that was resolved, the mission seems to be going well, though the head of NASA said yesterday that, quote, we will hold our celebration until this crew is under parachutes and splashes down.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

In other news on the space front, The Times has learned that SpaceX, Elon Musk's rocket and satellite company, is quietly planning to go public.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

Yesterday, the company filed confidentially for an IPO, an initial public offering, according to two people familiar with the plan.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

That could bring in a huge infusion of cash, possibly tens of billions of dollars.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

But it would also force the company to become more transparent.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

Musk has made big promises about the company's goals, like creating a colony on the moon, sending people to Mars, and launching floating AI data centers into orbit, many of which are unproven long shots, and going public would amp up the pressure to deliver.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

One investment manager whose firm has a stake in SpaceX said he thinks it's a terrible time to go public right now, given the global economic upheaval.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

But he said Musk needs cash to fund the expensive, ambitious projects he's pitched.

The Headlines
Trump Says Strait of Hormuz Is Not America’s Problem, and How Musk May Get Richer

SpaceX values itself at more than a trillion dollars, and it would be one of the most valuable companies ever to reach the stock market.