Lee Billings, space and physics editor for Scientific American, discusses the financials behind the Falcon Heavy. SpaceX successfully launched the rocket from Kennedy Space Center earlier this week.
Billings explains a Falcon Heavy rocket will be surprisingly cheap to purchase, with a price tag of around $90 million. That's less than 20% what the Delta IV Heavy rocket cost.
Part of the reason it's supposed to be so cheap is that it will be largely reusable. SpaceX says there's no decrease in quality with a rocket that has been used before.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
