spacex

Elon Musk’s company SpaceX, known for its ambitious goals like missions to Mars and NASA’s Moon landings, is now facing a serious workplace safety crisis. Two former employees have filed lawsuits alleging wrongful termination and warning that employee health was sacrificed in the name of speed and cost-cutting.

“It could kill someone.” Safety warning allegedly ignored
Robert Markert, a former supervisor who worked at SpaceX for 13 years, claims in a lawsuit that he warned management about a potentially deadly step in the rocket fairing removal process. He says his concerns were ignored because a more dangerous method was “cheaper.” Months later, he was fired.
Also suing is David Lavalle, a plumber who joined the company in 2014. He says serious workplace injuries — including a broken leg, severe neck pain, and wrist issues — were ignored by the company. Fearing retaliation, he refrained from claiming full compensation. After taking medical leave for gout-related knee pain, he was terminated just nine days later. Lavalle also claims older workers were targeted, particularly after the company hired a 28-year-old executive named Scott Hiler.
Both complaints were initially filed in Los Angeles County Superior Court and later moved to federal court.

Exhaustion and overwork: 20 straight days on the job
Markert also revealed that some SpaceX technicians were working 15 to 20 consecutive days in high-pressure conditions. When he raised concerns about fatigue and lack of training, he was told “the schedule comes first.” He pushed for more training and certifications, but management allegedly refused, saying there was “no time or money” for it.

Injury rate at SpaceX far above industry average
According to TechCrunch, SpaceX had a worker injury rate nearly triple the aerospace industry average in 2024. At the Starbase facility in Texas, there were 4.27 injuries per 100 workers, compared to the industry norm of 1.6. On the West Coast, where rocket fairing recovery operations take place, the injury rate spiked to 7.6 incidents per 100 workers.

Starship lost over the ocean – investigation launched
At the end of May 2025, the Federal Aviation Administration (FAA) launched a formal investigation after a Starship test flight spiraled out of control over the Indian Ocean. Although the rocket launched successfully from Texas and flew farther than previous attempts, it ultimately broke apart mid-air. No injuries or public safety hazards were reported.
The rocket’s first stage — reused from a prior launch — also broke up over the Gulf of Mexico, but this was expected and approved by regulators. According to the FAA, all debris fell into predesignated hazard zones.

Musk pushes for faster testing despite risks
Elon Musk continues to push for faster Starship testing, hoping to pave the way for manned missions to Mars. Meanwhile, NASA plans to use Starship to land astronauts on the Moon in upcoming missions.

The question remains whether SpaceX can balance its bold technological ambitions with the safety of the people who bring those ambitions to life.

#ElonMusk , #SpaceX , #NASA , #worldnews , #Musk

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SpaceX, owned by Elon Musk, actively uses stable coins (stablecoins) to hedge currency risks, says Chamat Palihapitiya, a venture capitalist from Silicon Valley. This step demonstrates how large technology companies are starting to use cryptocurrencies in real business processes to solve financial and operational problems. In particular, SpaceX uses stablecoins to manage the risks associated with currency fluctuations, which is becoming especially relevant in the context of global economic changes and instability of foreign exchange markets.
Why currency risk is becoming a problem for large companies
Currency risk (or currency fluctuations) is the probability of incurring losses due to changes in exchange rates. For companies operating in international markets, such risks can be significant. For example, an American company receiving payments in Brazilian reais (BRL) may lose money when converting these funds into US dollars if the real exchange rate changes significantly.
SpaceX, which provides its services through the Starlink satellite Internet project, is facing this challenge. It serves clients all over the world, including in countries with unstable or weak currencies. To minimize currency risks, the company decided to use stablecoins. These digital currencies are pegged to the value of fiat currencies such as the US dollar, making them less susceptible to market fluctuations and avoiding the need for expensive and slow bank transfers.
How SpaceX uses Stablecoins
According to Palihapitiya, SpaceX collects payments from Starlink users in countries with a "long tail" where local currencies may be unstable. These funds are then converted into stablecoins, which, in turn, can be easily exchanged for US dollars. This approach allows SpaceX to avoid currency risks and significantly simplify the transaction process.
The use of stablecoins also helps the company to speed up international transfers, minimizing their cost and waiting time, which is an important advantage in the face of global competition and accelerating processes of digitalization of finance.
Stablecoins as an alternative to traditional financial systems
Interestingly, Palihapitiya's comments go beyond just the benefits for SpaceX. He emphasizes that stablecoins can become the main tool for cross-border payments in the United States. In the future, such cryptocurrencies could replace banks' outdated infrastructure, speeding up international transfers and eliminating the excessive fees that traditional financial institutions charge for transactions.
In addition, stablecoins are becoming competitors not only to banks, but also to large payment systems such as MasterCard and American Express. For example, reducing transaction costs by at least 3%, which is the standard fee of payment systems, can significantly affect global GDP, Palihapitiya argues. This is especially true in a world where every percentage of savings matters.
Cryptocurrencies and the Future of Finance
By itself, the use of cryptocurrencies in large companies such as SpaceX is a clear signal that the traditional financial services industry is undergoing a revolution. Earlier, Elon Musk, known for his investments in bitcoin through Tesla, as well as support for the meme cryptocurrency Dogecoin, demonstrated interest in blockchain technologies and cryptocurrencies. SpaceX, run by Musk, uses stablecoins with logical confidence, reflecting his vision for the future of finance.
This also coincides with his actions on Twitter (now X), where he allowed users to send bitcoins and other cryptocurrencies as "tips" to other users. In the future, Musk will probably continue to integrate cryptocurrencies into his projects, strengthening their role in global financial systems.
Conclusion
The use of stablecoins to hedge currency risks is just one example of how cryptocurrencies are gradually becoming an integral part of the business and financial ecosystem. Companies such as SpaceX, which are at the forefront of innovation, are already demonstrating the advantages of digital currencies: they simplify transactions, reduce costs and minimize risks, which is especially important in the context of global uncertainty. In the future, stablecoins can significantly change the financial infrastructure by providing companies and users with fast and secure ways to transfer funds around the world.
#Stablecoins #Musk #SpaceX #ElonMusk.