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On January 17, SpaceX said that the starship experienced a rapid unplanned disintegration during the launch burn. The team will continue to review the data from todays flight test to better understand the root cause. This flight test will help us improve the reliability of the starship.Futures News on January 17, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC), as of January 10, ① there were 47,356 unpriced sell orders for U.S. cotton on-call, a decrease of 1,694 lots from the previous month; there were 85,069 unpriced buy orders, an increase of 1,514 lots from the previous month; ② there were 14,122 unpriced contracts on the ICE Cotton 2503 contract, a decrease of 2,245 lots from the previous week; ③ there were 11,738 unpriced contracts on the ICE Cotton 2505 contract, an increase of 121 lots from the previous week; ④ there were 13,032 unpriced contracts on the ICE Cotton 2507 contract, a decrease of 305 lots from the previous week; ⑤ there were 0 unpriced contracts on the ICE Cotton 2510 contract, the same as the previous week; ⑥ there were 5,234 unpriced contracts on the ICE Cotton 2512 contract, an increase of 458 lots from the previous week.On January 17, SpaceXs new generation heavy-lift rocket "Starship" was launched from Texas, the United States on the 16th, carrying out its seventh test flight. Shortly after the launch, the second-stage spacecraft of the rocket lost contact with the ground team. The live broadcast of SpaceX showed that after the launch, the first-stage booster of the rocket was once again recovered from the launch tower. When landing, it was "clamped" by the mechanical arm on the launch tower and "captured" and recovered in mid-air. However, the second-stage spacecraft of the rocket subsequently lost contact with the ground team, and the live broadcast of the spacecraft was interrupted.SpaceX lost contact with Starship.SpaceX Starship conducted its seventh test flight and ignited and launched.

Twitter accepts the trial on October 17 but believes Musk may try to prolong it

Charlie Brooks

Jul 28, 2022 11:18

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Twitter (NYSE:TWTR) announced in a court filing on Wednesday that it does not oppose to Elon Musk's desire to commence a trial on Oct. 17 over Musk's effort to withdraw from his $44 billion takeover offer, but the social media company wants an assurance that the hearing would be finished in five days.


Musk has claimed that he needs time to perform a complete investigation into Twitter's alleged misrepresentation of bogus accounts, which he thinks breached their contract requirements.


He originally requested a February trial date, but on Tuesday, after a judge established that the procedure would begin in three months, he proposed a date of October 17.


Twitter has referred to the false accounts as a diversion and pushed for the Musk trial to begin as soon as possible, arguing that the delay is damaging to the firm. It noted in a court filing that Musk has offered no guarantee that the trial will be finished in five days, as required by Delaware Court of Chancery judge Kathaleen McCormick (NYSE:MKC) (NYSE:MKC).


"Twitter asked for this assurance because it considers Musk's objective remains to postpone trial, making the Court's expedition decision impossible, and thereby avoid adjudication of his contractual commitments," according to a petition by Twitter.


Musk is the richest person in the world and the CEO of electric vehicle maker Tesla (NASDAQ:TSLA) Inc. His attorneys did not react to requests for comment.


Twitter also denied Musk's accusations that the corporation was unduly delayed in responding to his document demands. Twitter alleged that Musk is prolonging the process by refusing to react to the company's complaint, which would clarify the issues and any counterclaims he may raise.


The closing price for Twitter shares on Wednesday jumped by 1.3% to $39.85. Musk has agreed to acquire the company for $54.20 per share.

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