SpaceX 2015 accident cost it over quarter of a billion: Wall St. JournalJanuary 14, 2017 - 15:48 AMT PanARMENIAN.Net - Elon Musk’s SpaceX lost more than a quarter of a billion dollars in 2015 after a botched cargo run to the International Space Station and the subsequent grounding of its Falcon 9 rocket fleet, Reuters reports citing The Wall Street Journal. The accident derailed SpaceX’s expectations of $1.8 billion in launch revenue in 2016, an analysis of the privately held firm’s financial documents showed, according to the Journal, which said it had obtained the documents. SpaceX declined to comment on the Journal’s report. In a statement emailed to Reuters, SpaceX Chief Financial Officer Bret Johnsen said the company “is in a financially strong position” with more than $1 billion in cash reserves and no debt. SpaceX, owned and operated by Musk, who also is chief executive of Tesla Motors Inc (TSLA.O), is aiming to return to flight on Saturday following a second Falcon 9 accident on Sept. 1. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |