When my son and his friends decided to dress up as Mamdani, Cuomo and Sliwa for Halloween, I thought, what are the odds they run into one of those guys. Well β¦
When my son and his friends decided to dress up as Mamdani, Cuomo and Sliwa for Halloween, I thought, what are the odds they run into one of those guys. Well β¦
Assignment: rainbow
Until this year, the richly funded defense tech startup Saronic Technologies had only built small autonomous speedboats. Now it has an audacious plan to go big -- and enable the U.S. to wrest dominance in commercial and military shipbuilding from China. www.forbes.com/sites/jeremy...
Sweet potato gone wild
Our fearless colleagues were outside the
@forbes.com Power Womenβs Summit in the rain β this morning with an important gut check.
Elon Musk's mammoth $17 billion purchase of spectrum from EchoStar will only pay off if SpaceX can launch a new generation of satellites on its mega-rocket Starship.
www.forbes.com/sites/jeremy...
No president in U.S. history has used his position of power to profit as immensely as Trump, whose net worth is up $3 billion in the last year. That vaults Trump 118 spots higher on The Forbes 400, out this morning. www.forbes.com/sites/danale...
ICE is using a controversial spy tool to locate smartphones, court records show.
A new spy drone can stick itself to walls with glue and carry out covert surveillance, then detach itself and fly away, leaving no sign that the targets were being bugged. www.forbes.com/sites/davidh...
NEW - Here's my magazine profile on Flock Safety, the $7.5bn surveillance juggernaut that local and federal cops have been using to monitor Americans.
I got a look at its car surveillance tech in action, as well as its new drones, and Nova, its police intelligence platform that's caused a stir.
A bevy of startups are dreaming of mining the moon and asteroids for valuable minerals. Interlune may be among those that have the best shot of building a business soonest by targeting a rare form of helium.
www.forbes.com/sites/jeremy...
Really important new study on the tax rate of billionaires from @gabrielzucman.bsky.social et al
Upshot:
The top 400 ultrabillionaires: 23.8%
Avg Americans: 30.2%
Yes, the superrich pay far less in taxes than the rest of us.
www.nber.org/papers/w34170
Commerce Secretary Lutnick said there's a "monstrous discussion" under way in the Trump administration about taking stakes in defense contractors. That might be particularly repellant for Elon Musk's SpaceX. He may have stronger leverage than anyone to prevent it. www.forbes.com/sites/jeremy...
As the DoD preps for war with China, itβs grappling with a tough problem: how to get supplies across thousands of miles of water against an enemy with an arsenal of missiles designed to destroy U.S. cargo planes and ships. Startup Grid Aero believes it has a solution.
www.forbes.com/sites/jeremy...
At Apexβs HQ in L.A., meeting spaces are named after predators: eagle, caiman, orca. Itβs an expression of the richly funded startupβs ambitions to claw its way to the top of the food chain in satellite manufacturing. Trump's Golden Dome could be its big opportunity. www.forbes.com/sites/jeremy...
HAVE YOU SEEN HIM? We were out searching this past weekend for @randalllane.bsky.social, who we hear likes to watch the horses at Saratoga Racecourse. π
.
Good news: FAA seeing fewer lithium battery incidents than last year. βοΈ
Bad news: we are still averaging about six per month! π¨
For @forbes.com
www.forbes.com/sites/suzann...
New from me! An investigation into the "1.5bn+ company" known as The Agora, which sells misleading health and investing advice to seniors, and which was one of Meta's largest political advertisers this year (until many of their pages went down after this story).
www.forbes.com/sites/emilyb...
BREAKING: Elon Musk fired one of his top lieutenants.
Omead Afshar was tasked with improving the electric vehicle companyβs business in North America and Europe late last year, but sales continue to drop in both #Tesla www.forbes.com/sites/alanoh...
βAn air traffic controller shouldnβt have to worry, are these tiles over my head going to fall down and is it going to pour water on me while I'm around all this electrical equipment?β Hereβs how Canada's overhaul of its ATC system offers a blueprint for the U.S. www.forbes.com/sites/jeremy...
Satellite images of Fordow suggest U.S. bunker buster bombs hit their aim points on the surface. But among the unknowns as to the strike's effectiveness are whether they continued true as they plowed deep into the complex, and whether they blew up in the right places.
www.forbes.com/sites/davidh...
That bird is probably getting every cable channel for free
Elon Musk probably doesn't have much to fear from President Trump's threat to cancel SpaceX contracts. The company has made itself indispensable to the government. But there are still ways the administration could hurt it.
www.forbes.com/sites/jeremy...
A birdβs nest incorporating fiber-optic cable is a striking sign of how much debris from fiber-guided FPVs now litters the landscape in Ukraine.
www.forbes.com/sites/davidh...
Why NASA might end up paying the biggest price for the Trump-Musk feud -- by my colleague @thealexknapp.bsky.social
www.forbes.com/sites/alexkn...
The end of the billionaire bromance between President Trump and Elon Musk could have lucrative ramifications for many aerospace and defense companies. Not least of them, Boeing.
www.forbes.com/sites/jeremy...
π¨ NEW π¨ Flock Safety, a $7.5 billion police contractor, has announced a significant expansion of its AI camera network.
It'll allow police to turn their license plate readers into fully-fledged surveillance cameras, with live access and multiple camera angles.
www.forbes.com/sites/thomas...
π¨ NEW: The Secret Service has paid Trumpβs campaign entities $13M for travel.
His campaign entities then paid his own jet company $18M.
Nothing illegal here. Just taxpayer dollars and campaign contributions flowing to a company Trump completely owns.
me, for @forbes.com
TBH, thereβs a lot of blame to go around.
For @forbes.com
www.forbes.com/sites/suzann...