Trading Bells
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Bells
No Result
View All Result
Home Latest News

SpaceX rocket business leadership shakes up as two VPs depart

by
November 22, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Apple analyst Kuo says mixed-reality headset faces delay of 1 to 2 months, WWDC launch uncertain

DeSantis’ board says Disney stripped them of power

The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA’s Kennedy Space Center on November 09, 2021 in Cape Canaveral, Florida.

Joe Raedle | Getty Images

The leadership of SpaceX’s rocket business has been shaken up, CNBC has learned, as two vice presidents have parted with the company.

The changes arrive with Elon Musk’s space company now the leading U.S. rocket builder with its Falcon 9 and Falcon Heavy vehicles. The company is also investing heavily in the development of its next-generation Starship rocket.

SpaceX vice president of propulsion Will Heltsley has left, multiple people familiar with the situation told CNBC, having been with the company since 2009. Those people said Heltsley was taken off Raptor engine development due to a lack of progress. The Raptor engines power SpaceX’s Starship rocket and Super Heavy boosters.

Heltsley’s departure demonstrates the intense pressure on the engine’s development, given the key role it plays in Starship’s success. The company has successfully performed a multitude of test firings and flights with Raptor, steadily improving the engine. Musk recently said that a second generation of the Raptor engine “has significant improvements in every way.”

“But a complete design overhaul is necessary for the engine that can actually make life multiplanetary. It won’t be called Raptor,” Musk said in a Tweet on Nov. 16.

SpaceX’s Jacob McKenzie, who has been with the company for more than six years, is now leading Raptor engine development and production, sources said.

A closer look under the base of Super Heavy Booster 4 at the 29 Raptor engines.

SpaceX

Lee Rosen, SpaceX vice president of mission and launch operations, left last week, people said, as well as Ricky Lim, senior director of mission and launch operations. Rosen had been with SpaceX since 2013, while Lim joined the company in 2008.

SpaceX did not respond to CNBC’s request for comment on the leadership changes.

A handful of other long-time employees left after SpaceX closed its purchase offer on Friday, timing which people familiar with the matter indicated was in part tied to employees’ stock vesting schedules. While SpaceX did not raise new capital in the secondary sale, the round was done at $560 a share – increasing the company’s valuation to $100.3 billion.

SpaceX has had a banner year: The company has launched 25 successful Falcon 9 missions, carried 12 astronauts to orbit with its Dragon capsules, grown its Starlink satellite internet service to about 140,000 users, and continued to make progress with Starship.

Musk last week said SpaceX will “hopefully” launch its first orbital Starship flight in January or February, which represents the next major milestone in the rocket’s development. That launch is pending regulatory approval by the FAA, as well as technical readiness.

ShareTweetPin

Related Posts

Apple analyst Kuo says mixed-reality headset faces delay of 1 to 2 months, WWDC launch uncertain

by
March 30, 2023
0

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook during WWDC 2022 Event Source: Apple Apple's widely...

DeSantis’ board says Disney stripped them of power

by
March 30, 2023
0

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Florida's Republican incumbent Gov. Ron DeSantis takes to the stage...

Senate Democrats press federal bank regulators to implement stronger capital requirements

by
March 30, 2023
0

Senator Elizabeth Warren, a Democrat from Massachusetts, questions Lael Brainard, governor of the U.S. Federal Reserve, not pictured, during a...

Here are Thursday’s biggest analyst calls: Ford, Tesla, Apple, Netflix, Charles Schwab, Costco & more

by
March 30, 2023
0

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by...

Train carrying ethanol derails and catches on fire sparking evacuation for residents in Minnesota city

by
March 30, 2023
0

The scene this morning after a BNSF train carrying ethanol and corn syrup derailed and caught fire in the west-central...

Next Post

Contextlogic Insider Trades $465K In Company Stock

Longeveron stock vaults to another all-time high

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.trading-bells.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.trading-bells.com