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Why is Mexico threatening to sue Elon Musk over SpaceX debris?

Why is Mexico threatening to sue Elon Musk over SpaceX debris?

Yahoo2 days ago

Mexican President Claudia Sheinbaum has threatened to sue Elon Musk's SpaceX over falling debris from a rocket launch across the border in the United States.
SpaceX said its efforts to recover debris from Mexico had been hindered by 'trespassers'.
Here is more about what is happening between Mexico and SpaceX.
A SpaceX 'Starship' rocket, part of Musk's project to send humans to space, exploded in a giant fireball during a routine launch test in Texas on June 19.
Starship rockets are 120 metres (400ft) tall and made primarily from stainless steel.
The rocket, called the Starship 36, went through 'catastrophic failure and exploded' at the Starbase launch facility at 04:00 GMT, according to local Cameron County authorities.
The facility is located at Starbase, formerly called Boca Chica Village, in Cameron County, Texas, close to the US-Mexico border.On Wednesday this week, Sheinbaum told her morning news conference that 'there is indeed contamination' which has been detected in Mexico in the aftermath of the SpaceX explosion.
She said Mexican officials are conducting a review of the environmental effect caused to the Mexican state of Tamaulipas, a little more than 300km (190 miles) from Starbase.
Tamaulipas governor, Americo Villarreal Anaya, said authorities were examining 'the internationally required distances are being respected in order to have these types of facilities, so that there is no risk to urban centres', according to a report in The New York Times.
'We are reviewing everything related to the launching of rockets that are very close to our border,' said Sheinbaum.
She added that Mexico is currently trying to determine whether international laws had been violated so it can file 'the necessary lawsuits'.
In an X post on Thursday, SpaceX claimed its attempts to recover the fallen debris from Mexican territory had been hindered.
'Despite SpaceX's attempts to recover the anomaly related debris, which is and remains the tangible property of SpaceX, these attempts have been hindered by unauthorised parties trespassing on private property,' the X account wrote. It did not clarify who these parties were or where they were 'trespassing'.
SpaceX also said there were 'no hazards to the surrounding area' from the rocket debris. 'Previous independent tests conducted on materials inside Starship, including toxicity analyses, confirm they pose no chemical, biological, or toxicological risks.
'We have requested local and federal assistance from the government of Mexico in the recovery,' it added.
In May, the Federal Aviation Administration in the US granted SpaceX permission to increase the number of Starships it launches each year from five to 25.
Later that month, a Starship prototype exploded over the Indian Ocean.Before that, two Starships broke into pieces after launching from Texas during test flights in January and March. In January, airlines were forced to divert flights to avoid falling debris.In January this year, a red-hot 500kg (1,100lb) metallic object fell onto a village in Kenya's Makueni county, 115km (70 miles) southeast of Nairobi. The Kenyan space agency said the debris was a fragment of a space object.
On Monday, March 3, the Australian Space Agency released an advisory that a Russian rocket making re-entry into the Earth's atmosphere was expected to fall into international waters off the southeast coast of Tasmania, causing a 'sonic boom'. However, the following day, the agency said it had 'monitored a space debris re-entry over the southeast coast of Tasmania' but was 'unaware of any reports or sightings of the debris'.
The likelihood of space debris posing a danger to people, aircraft or the Earth, in general, is very low. However, recent studies show that the amount of space debris falling to the ground is on the rise.
A study by researchers at the University of British Columbia in Canada, published in Scientific Reports in January 2025, found that uncontrolled re-entries of rocket bodies or space debris into the Earth are on the rise and may pose an increased risk of collision to aircraft.
Another study, called The Space Environment Report, released by the European Space Agency (ESA) in March this year, found that at least three 'intact', human-made objects fall back onto the Earth every day. This is besides the several fragments of space debris that fall onto the Earth.
NASA has warned that there are millions of pieces of space debris low in the Earth's orbit, but there are no international space laws about cleaning up this debris.
Currently, individuals on the ground are not at a high risk of being hit and injured by space debris re-entering the Earth. The US nonprofit space corporation, Aerospace, estimates this risk to be less than a one-in-one-trillion chance.

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World economy faces ‘pivotal moment,' central bank body BIS says
World economy faces ‘pivotal moment,' central bank body BIS says

New York Post

timean hour ago

  • New York Post

World economy faces ‘pivotal moment,' central bank body BIS says

Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, the central bank umbrella body, Bank for International Settlements, said in its latest assessment of the state of the world economy. The outgoing head of the BIS, often dubbed the central bankers' central bank, Agustín Carstens, said the US-driven trade war and other policy shifts were fraying the long-established economic order. He said the global economy was at a 'pivotal moment,' entering a 'new era of heightened uncertainty and unpredictability,' which was testing public trust in institutions, including central banks. 5 General Manager of the Bank for International Settlements (BIS) Agustín Carstens speaks at the forum Tokenization and the Financial System during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Wednesday, April 23, 2025. AP The bank's report is published just over a week before President Trump's trade tariff deadline of July 9 and comes after six months of intense geopolitical upheaval. When asked about Trump's criticisms of Federal Reserve Jerome Powell, which have included Trump labeling the Fed chair as 'stupid,' he was not overly critical. 'It is to be expected at certain points in time that there will be friction,' former Mexican central bank governor Carstens told reporters, referring to the relationship between governments and central banks. 'It is almost by design.' The BIS' annual report, published on Sunday, is viewed as an important gauge of central bankers' thinking given the Switzerland-based forum's regular meetings of top policymakers. 5 The Bank for International Settlement's report was released just over a week before President Trump's July 9 trade tariff deadline. AP Rising protectionism and trade fragmentation were 'particular concerning' as they were exacerbating the already decades-long decline in economic and productivity growth, Carstens said. There is also evidence that the world economy is becoming less resilient to shocks, with population aging, climate change, geopolitics and supply chain issues all contributing to a more volatile environment. The post-COVID spike in inflation seems to have had a lasting impact on the public's perception about price moves too, a study in the report showed. 5 Bank for International Settlements chief Agustín Carstens was not overly critical of President Trump's criticisms of Federal Reserve Chair Jerome Powell, above. Getty Images High and rising public debt levels are increasing the financial system's vulnerability to interest rates and reducing governments' ability to spend their way out of crises. 'This trend cannot continue,' Carstens said referring to the rising debt levels and he said that higher military spending could push the debt up further. Hyun Song Shin, the BIS's main economic adviser, also flagged the sharp fall in the dollar. It is down 10% since the start of the year and on track to be its biggest first-half drop since the free-floating exchange rate era began in the early 1970s. 5 Hyun Song Shin, the BIS's main economic adviser, flagged the sharp fall in the dollar, which is down 10% since the start of the year. AFP via Getty Images Shorter-term analysis, though, showed 'hedging' by non-US investors holding Treasuries and other US assets appears to have made an 'important contribution' to the dollar's slide over the last few months. 'We haven't seen anything (yet) that would give us any cause for alarm,' Shin added. The BIS had already published one part of its report last week that gave a stark warning about the rapid rise of so-called stablecoins. 5 The Bank for International Settlements headquarters in Basel, Switzerland. doganmesut – He said there was no evidence that this was the start of a 'great rotation' away from US assets as some economists have suggested, but acknowledged that it was still too early to know given sovereign funds and central banks move slowly. In terms of the BIS' own finances, it said it made a net profit of $1.2 billion, while its total comprehensive income reached a record high of $5.3 billion and currency deposits at the bank also reached a new high. 'It is important that the BIS has the highest creditworthiness out there,' Carstens said.

This Silicon Valley founder broke up with Elon Musk. He has a warning for Donald Trump.
This Silicon Valley founder broke up with Elon Musk. He has a warning for Donald Trump.

Politico

time4 hours ago

  • Politico

This Silicon Valley founder broke up with Elon Musk. He has a warning for Donald Trump.

SAN FRANCISCO — A former longtime friend of Elon Musk has a word of caution for President Donald Trump about the tech mogul: He doesn't really move on. Philip Low, an award-winning neuroscientist who partnered with the late, legendary cosmologist Stephen Hawking as a test subject, learned that the hard way in 2021 when he fired Musk, one of his early investors, from the advisory board of the Silicon Valley startup he founded. Over an hour-long interview, Low weaved something of a psychological portrait of his former adviser, casting him as obsessive, prone to seeking revenge, power hungry and in constant search of dominance. He suggested Musk aims to explore every available avenue to establish competition with and ultimately overshadow bitter rivals. Low has known him for 14 years but doesn't believe Musk has matured over time, and he's convinced he never will. Though the two continued to speak for years after Low fired him, Low felt that Musk carried a grudge and their bond was permanently altered. It finally snapped in January when Low joined other critics in accusing the billionaire on social media of performing Nazi salutes at Trump's inaugural rally. Musk brushed off the public backlash as 'sooo' tired. 'I've had my share of blowouts with Elon over the years,' Low told POLITICO in a rare interview since Musk's ugly spat with Trump. 'Knowing Elon the way I know him, I do think he's going to do everything to damage the president.' Musk did not respond to multiple requests for comment directed to him and his businesses X, Tesla and SpaceX. A spokesperson for his super PAC, America PAC, declined to comment. Musk and Trump's made-for-TV breakup erupted earlier this month over the president's megabill that is still moving through Congress. Complete with threats, nonstop X posts and conspiracy-laced insults, their feud hit a peak after Trump mused about canceling the Tesla and SpaceX CEO's government contracts. In response, Musk unloaded on the social media platform he owns by trashing the president's megabill, floating support of a third party, chiding him for 'ingratitude,' taking credit for his election win and even insinuating in a now-deleted post that records of the investigation into convicted sex offender Jeffrey Epstein 'have not been made public' because Trump is in them. (While it has long been public that Trump and other prominent figures are referenced in documents released in cases surrounding Epstein, Trump is not accused of any wrongdoing linked to Epstein.) Both sides now say tensions have cooled. The White House is eager to move on, with Trump telling reporters he'll keep Starlink internet and wishing Musk well. Musk, for his part, admitted some of his posts got out of hand and offered an apology a week later. White House spokesperson Harrison Fields said in a statement, 'Politico's fixation on another palace intrigue non-story is laughable and fundamentally unserious. The President is focused on Making America Great Again by securing our border, turning the economy around, and pursuing peace around the globe.' But Low, who considers himself a political independent, said that Trump and the American public shouldn't be fooled. Simply put: Any reconciliation with Musk will be 'purely cosmetic' and transactional. 'He has been humiliated,' Low, 45, said of his old friend. 'The whole idea that Elon is going to be on his side and help woo Congress and invest in election campaigns for right-wing judges — Elon might do all of that, but deep down, it's over.' Low has observed that Trump, on the other hand, 'tends to make up with his former sparring partners like [Steve] Bannon a bit more easily than Elon does,' though the president is known for returning to his grievances as well. As he tells it, Musk and Low became fast friends after first meeting in 2011 at a social occasion in Paris. Their relationship deepened over late nights in Los Angeles — where Musk lived at the time — spent hanging out, attending each other's parties, texting frequently and trading stories about personal struggles. Musk asked to invest in the company Low built around a non-invasive brain monitoring device used to detect conditions like sleep apnea and neurological disorders. He participated in NeuroVigil's 2015 funding round and joined its advisory board. Low had already gained attention as a young innovator, launched a NASA satellite lab and demoed how his technology could translate Hawking's brain waves into speech. Musk gave Low some pointers as the neuroscientist was preparing to visit the White House for the first time, as a guest of former President Barack Obama. 'He said 'he's a human being like anybody else,'' Low recounted. 'He views Trump sort of the same way, just a human being.' During Trump's first term, as Musk was also grappling with how to balance Tesla's business interests against policy disagreements with the administration, Low returned the advice and recommended he step away from White House advisory councils he served on to protect the automaker's brand. Musk ultimately did in 2017 after Trump ordered the U.S. to withdraw from the Paris climate agreement. A few years later, in 2021, Musk was looking to pull out of another business arrangement. He wanted off NeuroVigil's advisory board. Instead of letting him resign, Low said he fired Musk, which prevented him from exercising his stock options to hurt NeuroVigil. 'Let's cut ties here,' Low wrote in an email message to Musk at the time, viewed by POLITICO. Musk by then had launched his brain implant company Neuralink and had long been dreaming of colonizing Mars. 'Good luck with your implants, all of them, and with building Pottersville on Mars. Seriously, don't fuck with me,' Low wrote. Musk, of course, went on to donate $288 million during the 2024 election, which cemented his place in MAGA politics and status as the largest and most prominent individual political donor in the country. His America PAC once vowed to 'keep grinding' at an even more audacious political playbook ahead of the midterms. But Musk scaled back his 2026 ambitions, promising to do 'a lot less' campaign spending in the future, shortly before his public clash with Trump. With Musk's allegiance to MAGA called into question, Low predicted he could seek revenge behind the scenes — 'it's not a question of if, it's a question of when' — a possibility Trump has openly pondered. The president warned of 'serious consequences' if Musk funds Democratic challengers against Republicans who back his 'big, beautiful bill'— the legislation that would enact Trump's domestic policy agenda, but that Musk has scorned as wasteful pork-barrel spending. However, if there was any lingering notion that Musk would completely retreat from politics, he dispelled it on Saturday by renewing his attacks on the bill ahead of a critical vote. Unlike his old pal, Low prefers to keep a lower profile. The Canadian neuroscientist wore aviator sunglasses indoors throughout the interview. When POLITICO first reached out, an automated reply from Low's email robot came back, noting that he was 'completely off the grid' and providing a math puzzle to solve to get on his calendar. POLITICO didn't solve the problem, perhaps because it's not solvable, but he replied anyway. Low spoke to the press infrequently between the early 2010s, when his company partnered with Hawking, and when he posted the takedown that ended any remaining friendship with Musk earlier this year. One of the rare exceptions was a 2013 fireside chat where Low, in an 'Occupy Mars' shirt, spoke next to Musk at the Canadian Consul General's Residence in Los Angeles. Low sees little daylight between the Elon he knew before and the one who fractured his relationship with the president. 'A lot of people close to him will say that he changed. I don't believe that to be true,' he said. 'I've seen this side of Elon over the years, but I just think that over time, he got cozy with the idea of showing more of that, and now it seems to have affected him.' When Musk came under fire for his salutes at Trump's post-inauguration rally, Low, the son of a Holocaust survivor, said he first confronted his former friend with a private message. He said in the email viewed by POLITICO: 'I am so glad I fired your dumb ass' and warned him to learn from the fate of Rodion Raskolnikov, the central character in 'Crime and Punishment,' who convinces himself that extraordinary men are justified in committing crimes if they serve a higher goal. Four days passed without a reply, and Low proceeded to cut contact before letting it rip in a nearly 2,000-word open letter that went viral on Facebook and LinkedIn. 'I made my displeasure known to him as one of his closest former friends at that point, and I blocked him,' he said. That's a diplomatic description. Low in his letter delivered a blistering portrait of Musk as a narcissist whose 'lust for power' keeps driving him to undermine the very organizations that challenge his hold on it. Musk didn't respond publicly. According to Low, those tendencies put Musk 'in a league of his own' in Silicon Valley — where he locked into power struggles with many a co-founder, from PayPal's Peter Thiel to Tesla's Martin Eberhard to OpenAI's Sam Altman. And the predictable playbook followed him to Trump's side as first buddy, a role Low dubbed his former friend's greatest investment. 'Elon has his own pattern of trying to destabilize companies. He wants to take over, and if he can't take them over, then he tries to create a rival entity to compete,' Low said. 'They were absolutely on a collision course, and I think that Trump tried to gloss over it by making it look as if he wanted Elon to be as aggressive as he was.' Musk is back in industry mode, for now. Earlier this month, he addressed an artificial intelligence boot camp hosted by the startup accelerator Y Combinator in San Francisco, downplaying the importance of the Department of Government Efficiency by comparing his work on the commission to cleaning up beaches. 'Imagine you're cleaning a beach, which has a few needles, trash and is dirty. And there's a 1,000-foot tsunami, which is AI, that's about to hit. You're not going to focus on cleaning the beach,' Musk told the crowd of students and recent graduates of why he ultimately left. His attention has since shifted to Austin, Texas, where Tesla heavily promoted and launched its long-hyped robotaxi service last weekend. Of companies within Musk's business empire, the automaker took the hardest hit from his political entanglements, battered by consumer protests, tariffs, declining sales and dips in its stock price that allowed SpaceX to overtake it as his most valuable asset. Low looks back at the Tesla Takedown protests that sprung up in the months following his letter with satisfaction. It was proof, in his mind, that the message struck a chord: 'The audience was the world, and it worked.' While few peers in Silicon Valley have called out Musk to the same degree, Low added that several reacted positively to him in private for taking those criticisms public. 'Many of these people happen to have investors on their boards, who made money with Elon, so they felt that they were putting themselves at risk if they spoke out,' he said. 'A number of people did reach out and thank me, and they were in violent agreement.' Low said he had 'an armada' of lawyers at the ready in case Musk went after him. That possibility hasn't yet panned out. Although they no longer speak, Low still follows Musk's activities. He said he was busy during the Trump feud and had to catch up later. But during the interview with POLITICO, he would reference the occasional X post from Musk, including a recent one where he shared negative drug test results to dispute reports of his alleged ketamine use. To Low, the post was a sign the rift hasn't been fully smoothed over and that Musk is 'playing defense.' Bannon has called for a federal investigation into New York Times reporting that claimed Musk took large amounts of ketamine and other drugs while campaigning for Trump. POLITICO has not independently verified the allegations. 'The way I read that is that he is concerned that some government contracts could be canceled and that the drug use could be used against him, so he's trying to already build a moat,' Low said. As for Trump, Low has some advice for handling a potentially resentful Musk: 'Abide by the constitution,' and perhaps, listen to some of the tech titan's policy preferences. Low was especially outspoken against the administration's ICE raids and efforts to limit immigration, arguing they will cost America its advantage in technologies like AI by sapping Silicon Valley of the global talent that allows it to compete. Many in tech circles had hoped Musk's seat at the table would help the industry loosen barriers for high-skilled workers, a cause he once vowed to 'go to war' with MAGA Republicans over. That's something that Low, given his experience with Musk, thinks Trump should take seriously. 'Elon has wooed enough of Trump's supporters to be an actual threat politically,' Low said, arguing that Trump would better insulate himself by moderating his agenda. 'He doesn't realize the battle that he has on his hands, and one way to cut the support away from Elon is to actually adopt some of the things he is for.'

Musk renews attacks on Trump's "big, beautiful bill," says it will "destroy millions of jobs"
Musk renews attacks on Trump's "big, beautiful bill," says it will "destroy millions of jobs"

CBS News

time6 hours ago

  • CBS News

Musk renews attacks on Trump's "big, beautiful bill," says it will "destroy millions of jobs"

Billionaire Elon Musk on Saturday doubled down on his distaste for President Trump's sprawling tax and spending cuts bill, arguing the legislation that Republican senators are scrambling to pass would kill jobs and bog down burgeoning industries. "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country," Musk wrote on X on Saturday as the Senate was scheduled to call a vote to open debate on the nearly 1,000-page bill. "It gives handouts to industries of the past while severely damaging industries of the future." The Tesla and SpaceX CEO, whose birthday is also Saturday, later posted that the bill would be "political suicide for the Republican Party." The criticisms reopen a recent fiery conflict between the former head of the Department of Government Efficiency and the administration he recently left. They also represent yet another headache for Republican Senate leaders who have spent the weekend working overtime to get the legislation through their chamber so it can pass by Mr. Trump's Fourth of July deadline. Musk has previously made his opinions about Trump's "big, beautiful bill" clear. In late May, just a few days before he officially left his post in the federal government, he told "CBS News Sunday Morning" he was "disappointed" with the bill's price tag. "I was disappointed to see the massive spending bill, frankly, which increases the budget deficit, not just decreases it, and undermines the work that the DOGE team is doing," Musk told CBS News. "I think a bill can be big or it can be beautiful," Musk added. "But I don't know if it can be both. My personal opinion." Following a laudatory celebration in the Oval Office, his language became more aggressive and he blasted the bill as "pork-filled" and a "disgusting abomination." "Shame on those who voted for it: you know you did wrong. You know it," he wrote on X earlier this month. In another post, the wealthy GOP donor who had recently forecasted that he'd step back from political donations threatened to fire lawmakers who "betrayed the American people." When Mr. Trump clapped back to say he was disappointed with Musk, back-and-forth fighting erupted and quickly escalated. Musk suggested without evidence that Mr. Trump, who spent the first part of the year as one of his closest allies, was mentioned in files related to sex abuser Jeffrey Epstein. The president also threatened to cut off federal subsidies and contracts to Elon Musk's companies. SpaceX receives tens of billions of dollars in federal money, most of which are in the form of federal grants from NASA. "He's got a lot of money, he gets a lot of subsidy," Mr. Trump told reporters on June 6. "So we'll take a look at that. Only if it's fair for him and for the country. I would certainly think about it, but it has to be fair." Musk ultimately tried to make nice with the administration, saying he regretted some of his posts that "went too far." Trump responded in kind in an interview with The New York Post, saying, "Things like that happen. I don't blame him for anything." The shocking rift came after Musk donated $277 million to Mr. Trump's presidential campaign and other Republican candidates in the last election cycle, according to campaign finance records. It's unclear how Musk's latest broadsides will influence the fragile peace he and the president had enjoyed in recent weeks. The White House didn't immediately respond to a request for comment. Musk has spent recent weeks focused on his businesses, and his political influence has waned since he left the administration.

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