In comments at the 2024 Baron Investment Conference, SpaceX President and COO Gwynne Shotwell encouraged rivals to catch up, emphasizing that competition is healthy for industries and keeps companies focused. Despite SpaceX’s dominant position in the global launch industry, Shotwell expressed hope that others would try to compete, acknowledging the challenge of surpassing them. With successful launches of its Falcon rockets, lucrative government contracts, and a growing Starlink satellite internet network, SpaceX continues to lead the space industry while welcoming competition to drive innovation.
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$900M in Q3, but …: Apple CEO Tim Cook on costs that Tariffs will add
Apple CEO Tim Cook announced during the company's earnings call that tariffs could increase costs by approximately $900 million in Q3, based on current global rates. He noted that Apple had limited impact from tariffs in the previous quarter and emphasized the need for caution in using this estimate for future predictions, as policy changes could alter the outcome. To mitigate tariff-related costs, Apple is diversifying its supply chain, sourcing half of its iPhones for...
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