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    Elon Musk’s Starlink Expands Across White House Complex

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    Starlink, the satellite internet service operated by Elon Musk’s SpaceX, is now accessible across the White House campus. It is the latest installation of the Wi-Fi network across the government since Mr. Musk joined the Trump administration as an unpaid adviser.It was not immediately clear when the White House complex was fitted with Starlink after President Trump took office for a second term.Starlink terminals, rectangular panels that receive internet signals beamed from SpaceX satellites in low-Earth orbit, can be placed on physical structures. But instead of being physically placed at the White House, the Starlink system is now said to be routed through a White House data center, with existing fiber cables, miles from the complex.White House officials said the installation was an effort to increase internet availability at the complex. They said that some areas of the property could not get cell service and that the existing Wi-Fi infrastructure was overtaxed.Karoline Leavitt, the White House press secretary, said the effort was “to improve Wi-Fi connectivity on the complex.”But the circumstances are different from any previous situation to resolve internet services. Mr. Musk, who is now an unpaid adviser working as a “special government employee” at the White House, controls Starlink and other companies that have regulatory matters before or contracts with the federal government. Questions about his business interests conflicting with his status as a presidential adviser and major Trump donor have persisted for weeks.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Musk’s Tweet-Fueled Bubble May Be About to Burst

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      Elon Musk’s business empire may be starting to wobble.Over the past six weeks, the value of Tesla’s shares has plunged about 40 percent, wiping out virtually all they had gained after the 2024 election. This reversal reveals Mr. Musk’s soft underbelly: His fortune depends heavily on the inflated expectations of his rabid following. As those expectations deflate so will his power, demonstrating that financial markets are an underappreciated guardrail against both Mr. Musk’s and President Trump’s agendas.It is tempting to compare Mr. Musk to the true business titans of the past quarter century such as Apple’s Steve Jobs, Microsoft’s Bill Gates, Amazon’s Jeff Bezos, Meta’s Mark Zuckerberg, Nvidia’s Jensen Huang, and Google’s Larry Page and Sergey Brin. But those individuals created genuinely huge businesses that eclipse anything Mr. Musk has built by any possible metric. While Mr. Musk has built a car company from the ground up — no easy feat — his wealth is largely thanks to a financial cult, one in which legions of dazzled investor-followers have enabled him to launch an ever-growing list of disparate initiatives and provided immunity from critics who question his operational decision-making, his corporate governance, his obscene pay packages, and now his migration into the political sphere.The high-wire act goes something like this: Dream up a business so ambitious that any setback is trivial and every accomplishment heroic. Identify yourself as the manic genius behind this ambitious business in order to personally capitalize on outsize returns from excited investors. Enlist social media to cement your iconic status, keeping your believers so enthusiastic that their fervor beats back any skeptics who dare to bet against your ventures, even as you pitch more and more fantastical ideas. At this point you hit the flywheel: Other investors, searching for outsize returns, flock to the shares of your other companies, pushing their valuations ever higher, thus fortifying your wealth and burnishing your reputation as a business mastermind.If you’re lucky, this happens when investors are dreaming of alternatives to the poor returns available when interest rates are ridiculously low; magical thinking about the power of technology suppresses any worry about the risks of problems down the line; and retail markets are turning stock trading into something more akin to online gambling.Understanding this cult requires one to rethink what one knows about finance. Financial purists like to think of financial markets as neutral arbiters that merely record the value-creating activities of entrepreneurs. Financial pragmatists understand that prices need not always reflect value, as behavioral finance has demonstrated. But what if entrepreneurs can capitalize on these dynamics to manufacture fortunes and political power?This trick is precisely what Mr. Musk has mastered. His messianic status, which was birthed in the explosion of social media, created a powerful cycle of outsize returns on ventures that lead to investors providing him with more and cheaper capital to diversify his empire that, in turn, attracts yet more investors fearful of missing out. Skyrocketing Tesla shares have made fans and investors so devoted that all he has to do is mention a new ambition to goad them into buying even more. And the larger the stated ambition, the more wealth and power they hand him. So why not try for Mars? The final step in this process is to consolidate power in the political sphere to ensure that the outsize ambitions can be nourished forever. If Mr. Musk had played it well, his empire may have been impregnable.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Elon Musk’s SpaceX, Already a Leader in Satellites, Gets Into the Spy Game

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      The Pentagon needs what the company offers to compete with China even as it frets over its potential for dominance and the billionaire’s global interests.The breakthrough came last month, about 600 miles above Earth.For the first time, the Pentagon’s Space Development Agency used lasers transmitting data at light speed to communicate between military satellites on a secure network, making it easier to track enemy missiles and if necessary shoot them down.It was a milestone not only for the Pentagon. This was a defining moment for a certain up-and-coming military contractor that had built key parts of this new system: Elon Musk’s SpaceX.SpaceX over the last year started to move in a big way into the business of building military and spy satellites, an industry that has long been dominated by major contractors like Raytheon and Northrop Grumman as well as smaller players like York Space Systems.This shift comes as the Pentagon and U.S. spy agencies are preparing to spend billions of dollars to build a series of new constellations of low-earth-orbit satellites, much of it in response to recent moves by China to build its own space-based military systems.SpaceX is poised to capitalize on that, generating a new wave of questions inside the federal government about the company’s growing dominance as a military space contractor and Mr. Musk’s extensive business operations in China and his relations with foreign government leaders, possibly including President Vladimir V. Putin of Russia. Mr. Musk is also unpredictable in a sector in which security is often perceived to be synonymous with predictability. He chafes at many of the processes and rules of government, saying they hold back progress, and wants to make his own calls.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      California Rejects Bid for More Frequent SpaceX Launches

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      A commission denied a request to increase the number of rocket launches on the state’s central coast, citing environmental concerns.A California state commission this week rejected the U.S. Space Force’s bid to increase the number of SpaceX rocket launches on the state’s central coast, citing concerns about the environmental impacts of the launches.The Space Force had sought to increase the number of launches of SpaceX’s flagship Falcon 9 rocket from 36 to 50 per year out of California. But on Thursday, the California Coastal Commission denied the bid in a 6-4 vote, pointing to its previous requests for the military and SpaceX to mitigate the disruptive sonic booms caused by the rockets and to keep a closer eye on the operations’ effects on the state’s wildlife.The commission also rejected the military and SpaceX’s argument that the launches should be considered a federal activity, saying they mostly benefit SpaceX and its private business operations, as opposed to the government.The move came just a couple of months after the commission had approved increasing the number of SpaceX launches to 36, contingent on the military’s commitment to adopting such measures. The board, which is tasked with protecting the state’s coastal resources, previously expressed its reservation for approving more launches without understanding the effects of the sonic booms and launch debris on wildlife.SpaceX, which is owned by Elon Musk, has grown to dominate the space launch business, serving as the primary provider to both NASA and the Pentagon. It has blasted its own commercial satellites into space out of bases across the country at a rapid clip, and it is set to test its new Starship rocket on Sunday in Texas. In California, SpaceX carries out many of its missions at the Vandenberg Space Force Base in Santa Barbara County.But the sonic booms have been startling residents in Southern California, whose homes have been shaken by powerful, confusing jolts, The Los Angeles Times reported. And several environmental groups submitted letters urging the commission to take more time to study the impact on wildlife ahead of this week’s meeting.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A Global Push Fixed the Ozone Hole. Satellites Could Threaten It.

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      A sharp increase in hardware orbiting Earth could mean more harmful metals lingering in the atmosphere, according to a new study.Low-Earth orbit, a layer of superhighway that wraps around Earth’s thermosphere some 200 to 600 miles above our heads, is newly congested.Yet no one knows how the vast increase in satellites orbiting Earth will affect the atmosphere, and therefore life down below. With the rush to send up more and more satellites, a new study proposes that the hole in the ozone layer, a problem scientists thought they had solved decades ago, could make a comeback.“Up until a few years ago, this was not a research area at all,” Martin Ross, an atmospheric scientist at Aerospace Corporation, said of the study, which looked at how a potential increase in man-made metal particles could eat away at Earth’s protective layer.Ever since Sputnik, the first man-made space satellite, was launched in 1957, scientists have thought that when satellites re-enter our atmosphere at the end of their lives, their vaporization has little impact. But new satellites — much more advanced, but also smaller, cheaper and more disposable than previous satellites — have a turnover that resembles fast fashion, said the lead author of the study, José Pedro Ferreira, a doctoral candidate in astronautical engineering at the University of Southern California.Almost 20 percent of all satellites ever launched have re-entered Earth’s atmosphere in the last half-decade, burning up in superfast, superhot blazes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More