logo
Australian-made rocket company not allowing failure to stop them

Australian-made rocket company not allowing failure to stop them

Sky News AU5 days ago
Stepmates Studios Mark Nicholson shared his optimistic comments on the recent rocket failure from an Australian made company.
'We're bloody patriots, that's why we're not going to mock this stuff, because this is what we want, we want Australians manufacturing stuff,' Mr Nicholson told Sky News Australia.
'Go Australia, this is the only first step on a long way … we're on the right track this is good.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia acquiring navy frigates ‘as fast' as possible
Australia acquiring navy frigates ‘as fast' as possible

Sky News AU

time30 minutes ago

  • Sky News AU

Australia acquiring navy frigates ‘as fast' as possible

Defence Industry Minister Pat Conroy says Australia is facing 'challenging strategic circumstances'. Japan is set to build Australia's future frigates with Mitsubishi Heavy Industries beating out its German rival to progress through to the final round of negotiations. Eleven frigates are set to be built, with the initial three to be built overseas. Mr Conroy told Sky News Australia that there was a push to acquire navy ships 'as fast' as possible.

$135m rescue for struggling major employer
$135m rescue for struggling major employer

Perth Now

timean hour ago

  • Perth Now

$135m rescue for struggling major employer

The federal, South Australian and Tasmanian governments will inject $135m into the struggling Nyrstar smelting business in response to attempted market dominance from China. South Australian Premier Peter Malinauskas announced the funding at the Port Pirie smelter on Tuesday, flanked by business executives, a day after state cabinet met in the town. South Australian Premier Peter Malinauskas said the lifeline was in the face of 'an unacceptable risk'. Martin Ollman Credit: News Corp Australia 'When people contemplate, 'Is this an appropriate investment on behalf of taxpayers', one also has to think about the counterfactual,' Mr Malinauskas said. 'The counterfactual would be to allow the western world to see China consolidate all of its smelting capacity - all of the world's smelting capacity - which would mean that we don't get to participate in the critical mineral and critical metal supply chain of the future. 'That's an unacceptable risk, particularly in the current geostrategic environment.' Canberra is kicking in $57.5m, SA is contributing $55m and Tasmania will cover the remaining $22.5m. The announcement was made at the Port Pirie smelter. NewsWire / David Mariuz Credit: News Corp Australia Materials coming out of the Nyrstar smelters are crucial for products as diverse as batteries, flame retardants, cameras, semiconductors, and solar panels. Mr Malinauskas flashed a chunk of processed antimony and spoke of its military uses. 'Few Australians would have heard of antimony, but it's a critical mineral that has a number of applications, none more important than the national defence supply chain,' he said. 'In fact, antimony is often attributed for shortening World War II by 12 months. It is something that men and women in the field of battle simply must have. 'And other parts of the world - other countries - one in particular - is seeking to consolidate the production of critical minerals just like this to the exclusion of all others.' Antimony is used to harden bullets. Following WWII, the US Munitions Board assessed the harder, more reliable bullets saved a year of fighting. More to come

ASX 200 soars after major Wall Street indexes rebound from wipeout over jobs report
ASX 200 soars after major Wall Street indexes rebound from wipeout over jobs report

Sky News AU

timean hour ago

  • Sky News AU

ASX 200 soars after major Wall Street indexes rebound from wipeout over jobs report

Australian stocks are on a tear on Tuesday after Wall Street rebounded from a wipeout triggered by poor jobs numbers in the US. The index has jumped one per cent in the first 50 minutes of trading, adding more than $30 billion to the portfolios of investors. Financial services provider Credit Corp Group soared 15.7 per cent after revealing a 16 per cent profit bump for the 2025 financial year. Defence company Austal rose 6.2 per cent after finalising an agreement with the federal government to build ships while Lynas Rare Earths and buy-now-pay-later company Zip both jumped 5.2 per cent. Meanwhile, Telix Pharmaceuticals sank 15.2 per cent after it said it faced higher operating expenses in the first half of the 2025 financial year. Wall Street bounced back from its Friday wipeout with the Dow Jones soaring 1.3 per cent, the S&P 500 adding 1.5 per cent and the Nasdaq surging two per cent on Monday. Major tech companies drove the surge with chipmaker Nvidia jumping 3.6 per cent and Meta rising 3.5 per cent. US markets dived on Friday after it was revealed non-farm payrolls rose by 73,000 during July, well below expectations of about 100,000. London's FTSE 250 Index rose 0.7 per cent, Germany's DAX added 1.4 per cent and the STOXX Europe 600 jumped 0.9 per cent on Monday after all indexes suffered major blows late last week. New Zealand's NZX 50 Index has risen 0.6 per cent since trading began on Tuesday while Japan's Nikkei 225 has jumped 0.5 per cent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store