PENTAGON CONTRACT
Palantir’s software powers Trump’s immigration operations, now CEO Alex Karp says crackdown went too far
Palantir CEO Alex Karp says the Trump administration went too far with immigration enforcement, despite his company's technology supporting its deportation operations. After Democrats’ midterm victories, Karp has also described himself as a lifelong Democrat and left open the possibility of backing a Democratic presidential candidate in the 2028 election.
Chinese genetic firm Novogene sues US over military designation
Chinese genetic sequencing firm Novogene has initiated legal action against the Pentagon over its military designation. Novogene was added to a list of companies alleged to be supporting Beijing's military as of June. This designation prohibits the Defense Department from directly contracting with these firms, including Alibaba and Baidu. Other Chinese companies have also pursued legal recourse against the Pentagon regarding similar designations.
Iran targeted US air defences then hit aircraft and buildings on Mideast bases: AP analysis
An Associated Press analysis of satellite imagery and regional officials' accounts found that Iranian strikes damaged or destroyed structures at 26 US military bases and other sites across the Middle East through August. Iran initially targeted early-warning radars and aircraft infrastructure before hitting warehouses, troop accommodation and other facilities, causing billions of dollars in equipment damage.
Google in talks to join Trump’s Golden Dome defense program
Google is in early talks with the Pentagon regarding involvement in the Golden Dome missile defense program. The initiative aims to secure critical data for military software and infrastructure. Multiple companies, including Aalyria Technologies, are likely to collaborate in this effort. Command-and-control software will connect various weapon systems and defense technologies across the military. Google’s previous hesitations with defense work seem to be changing as it pursues new agreements.
X factor in Musk cocktail: AI synergies are real, but the proposed SpaceX-Tesla merger has red flags for shareholders
Elon Musk is exploring a potential merger between Tesla and SpaceX amidst rising valuations and technological collaboration. Both companies aim to enhance their capabilities in AI and related technologies while managing significant capital expenditures. However, the merger raises concerns about shareholder control and scrutiny over company operations. Additionally, the merger could face political scrutiny from both Beijing and Washington due to data privacy issues.
Pentagon's 'doomsday' plan as World War III fears grow: How US bases are planning to survive for 90 days as UK urges people to 'Be Ready' for crisis
Amid fears of a potential World War III, the Pentagon' Doomsday plan is to keep major US military bases operational for 90 days without outside support under its FORTRESS initiative. The plan includes independent power supplies, strategic reserves of essential materials and preparations for wartime factory production. Meanwhile, the UK government has launched its 'Be Ready' campaign, urging households to stockpile food, water, cash and emergency supplies in preparation for a national crisis.
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Boeing reports smaller loss as it aims for stable output growth
Boeing on Tuesday reported a smaller quarterly loss compared with the same period last year -- when plane certification delay costs heavily dented results -- as it ramps up output carefully. The aviation giant reported a third-quarter loss of $116 million, compared with a loss of $5.3 billion in the year-ago period mostly from delays to certification of the 777X, the latest generation in Boeing's long-range, wide-body commercial jet family.
US has for years asked Musk to alter Starlink service in Ukraine, Middle East, sources say
Multiple requests were made by the Biden and Trump administrations for SpaceX to adjust Starlink services across different regions. These requests included both restricting access to adversarial groups and providing access to allies and civilians. Notably, officials expressed concerns about Starlink being used by Iranian proxy forces, which the US aimed to counteract. Additionally, Ukraine's military access to Starlink has recently been limited, raising alarms among European officials.
Elon Musk wants to merge SpaceX and Tesla: Here's what to know
Elon Musk said this week that SpaceX and Tesla have formed special committees to study a merger of his two biggest companies. Musk cautioned that a merger is not certain.
Global Market: Why China could complicate Musk’s Tesla-SpaceX merger plans
Elon Musk’s proposed Tesla–SpaceX merger faces potential regulatory hurdles in the US and China over national security, sensitive data and technology sharing. Tesla’s dependence on Chinese manufacturing and revenue complicates efforts to integrate SpaceX’s defence operations.
How a merged SpaceX-Tesla might navigate its China problem
Elon Musk's proposed merger of Tesla and SpaceX may encounter significant hurdles from US and Chinese regulators. Concerns about national security and technology sharing complicate the merger discussions. Tesla's reliance on China for manufacturing and SpaceX's defense contracts raise potential risks. Analysts suggest creating a firewall around Tesla's Chinese operations as a possible solution. However, divesting Tesla's China operations could prove challenging, considering the deep integration with local suppliers.
Can a private company switch off a country’s battlefield communications? The Starlink-Ukraine crisis exposes a new vulnerability in modern warfare
Ukraine has depended on SpaceX's Starlink for military communications since Russia's invasion began in February 2022. Connectivity disruptions raised concerns about military operations and civilian protection during intensified Russian attacks. Officials reported that restrictions affected drone operations meant to intercept incoming threats effectively. The distinction between Starlink and Starshield has generated questions about authority and responsibility in conflict scenarios.
Satellite network a 'technology of geopolitical control': Think tank for hard limits on Starlink
An Indian policy group has advised the government to enforce strict conditions on foreign satellite operators. The Kutniti Foundation argues that SpaceX's Starlink poses strategic risks to India's telecommunications sovereignty. The report emphasises the need for India to establish its own satellite constellation to ensure data security. It highlights concerns about potential foreign intelligence vulnerabilities linked to external operators.
Can America build warships fast enough to match China? Maine shipyard clears Pentagon test to build a second destroyer
The Pentagon has certified General Dynamics Bath Iron Works to construct a second guided-missile destroyer. This decision reflects improvements in production capability to meet naval demands. However, Congress must secure funding for actual construction of the second vessel. The U.S. aims to strengthen its naval capabilities in response to China's expanding fleet. The certification marks a critical step toward enhancing the American maritime industrial base.
Deadly attacks on Saudi Arabia risk wider war that draws in US
Yemen’s Houthis have increased their attacks on Saudi Arabia, targeting Riyadh’s main airport this weekend. These strikes resulted in significant casualties and increased pressure on Crown Prince Mohammed bin Salman. The escalation of hostilities raises concerns regarding potential US intervention and the collapse of a previous truce. Saudi Arabia's relationship with its allies may also be tested amid this ongoing conflict.
Trump’s AI liability push opens blame game for models gone rogue
Holding AI developers financially responsible for the safety of their products has won support from Treasury Secretary Scott Bessent and former White House AI czar David Sacks, who argue that existing liability laws would be more effective than new rules.
RTX's Raytheon wins up to $6.3 billion US missile contract
Raytheon has secured a significant contract with the US military valued at $6.3 billion. This contract focuses on producing and maintaining Standard Missile-3 Block IB interceptors for missile defense. The award is part of efforts to rebuild military stockpiles depleted due to various conflicts. Additionally, Raytheon has previously received another substantial contract for Standard Missile-6 interceptors.
In 1944, Howard Aiken and IBM engineers completed Harvard's Mark I, a 51-foot-long calculator that handled wartime calculations for the US Navy
In 1944, Harvard's Mark I emerged as a revolutionary 10,000-pound calculator for the U.S. Navy, pivotal in military operations such as ballistics during World War II. Grace Hopper notably influenced its functionality and pioneered the COBOL programming language. Mark I's legacy highlights the significance of government investment in technological breakthroughs, echoing its impact on modern artificial intelligence innovations.
Is it possible to beam solar power from space to Earth? Virginia startup Overview Energy gets Pentagon funding for its 2028 targeting test
Collecting solar energy in space was never the biggest problem. Getting that power to the right place on Earth was. On September 30, 2026, the Pentagon awarded Virginia startup Overview Energy a contract to build a ground-based homing beacon that can authenticate receiving stations before sending near-infrared energy from about 22,000 miles above Earth. The company plans to test the system in 2028. Launch costs and beam safety remain major hurdles.
Trump expected to award science medal to SpaceX's Elon Musk, other tech leaders
US President Donald Trump will present the National Medal of Science to Elon Musk and other innovators. The White House event will discuss the impact of private-sector investment in scientific breakthroughs and technology. Musk's relationship with Trump has improved following a previous dispute over government contracts. The awards ceremony is significant as it is the first of its kind during Trump's administration.
The US said China was priming a trade superweapon. Then it vanished
LOGINK, originally a project to improve cargo logistics, has seen its international efforts falter significantly. The platform lost key partnerships, withdrew from an international association, and is currently embroiled in legal disputes. Its operations hub in Wenzhou appears abandoned, indicating financial troubles that have emerged in recent years. Additionally, US pressure has contributed to its declining influence in global shipping.
US Navy awards $24.4 billion to accelerate production of Standard Missile-6
The US Navy has secured a deal worth up to $24.4 billion with Raytheon to ramp up production of Standard Missile-6 interceptors over five years. The Pentagon says the agreement will increase SM-6 inventory, strengthen vulnerable supply chains and give defence contractors greater certainty to expand factories and workforce. The deal is part of Washington’s broader push to accelerate critical munition production.
US stocks: US market rises as cooler inflation data ease October Fed hike bets
U.S. stocks surged higher as inflation reports came in softer than analysts predicted, easing worries about potential interest rate hikes. The Commerce Department revealed a 3.4% increase in the Personal Consumption Expenditures price index year-over-year. Major players like Apple and Alphabet enjoyed price rises, contributing to a notable boost in the Nasdaq Composite.
US Navy sets its eyes on F/A-XX 6th Gen fighter as Boeing wins the award: here’s a look at the other similar jets in the making and which country is ahead; cost, specifications and features
Boeing’s F/A-XX will replace the US Navy’s F/A-18E/F Super Hornets and operate alongside the F-35C. Here’s a look at its expected range, cost and design, and where China’s J-36, GCAP and FCAS stand in the sixth-generation fighter race.
Why is oil at $100 if Trump is winning the battle in Hormuz?
The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of prewar levels while Iran’s own exports have fallen to zero. But oil prices remain elevated because traders fear Tehran could escalate by attacking ports, pipelines or oilfields, while diesel and other refined products remain in short supply.
US awards $21 billion missile contract to RTX’s Raytheon as it looks to replenish stocks amid ongoing conflict with Iran
The US has moved to significantly increase production of AMRAAM missiles after awarding Raytheon a multiyear agreement valued at $20.7 billion. The weapon is used by fighter jets for air-to-air engagements and by NASAMS for ground-based air defence. The planned expansion includes higher annual output, but the full contract value remains dependent on funding from Congress.
Anthropic's IPO prospectus shows sweeping AI vision, surging costs
But the cost to get there will be staggering. Anthropic reported a net loss of $42 billion in 2025, and plans to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to the prospectus.
Anthropic targets more than $2 trillion valuation in closely watched IPO despite $42 billion 2025 loss
Anthropic is planning an IPO that could value the company at over $2 trillion. Despite reporting a net loss of $42 billion last year, its revenue experienced substantial growth. The company aims to address concerns about AI safety while competing with OpenAI for market dominance. Key investors have backed Anthropic, providing critical cloud infrastructure for its operations. The upcoming public offering reflects strong interest in the burgeoning AI sector.
Democrats to probe lucrative Trump family business deals if they win midterms
* Majority in House or Senate would give Democrats subpoena power and funds for expanded investigative staff * Trump-linked crypto firms and Donald Trump Jr's 1789 Capital rank high on Democrats'
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