Bloomberg Space Exploration Technologies Corp launched its second batch of 60 Starlink satellite, taking another step towards Elon Musk’s vision to create a network for space-based broadband internet service around the world. One of SpaceX’s Falcon 9 rockets rumbled aloft at 9:56 am on local time from Cape Canaveral Air Force Station in Florida on October 11. The satellites deployed ...

Bloomberg Travis Kalanick sold about 20% of his stake in Uber Technologies Inc. Kalanick, 43, a director at the ride-hailing company, sold 20.3 million shares worth about $547 million that were held in a trust, according to a regulatory filing. The trades came after a 180-day lockup period restricting insider and early investor sales following May’s initial public offering. They ...

Bloomberg Adidas AG plans to idle experimental “speed factories” in the US and Germany, redeploying techniques developed there to suppliers in Asia, where the vast majority of its products are already made. The decision is a setback for anyone who hoped that projects like the speed factories represented the dawn of a new era of manufacturing in Europe and North ...