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Welcome to Edition 5.01 of the Rocket Report! The Rocket Report turns 5 years old today, which means we have now published about 200 editions. I've probably written 400,000 words—more than one word for every kilometer to the Moon. That seems like a lot in hindsight, but I also feel like I'm just getting started. Thanks to everyone who has read along, and shared the newsletter with your friends and co-workers. As always, we welcome reader submissions , and if you don't want to miss an issue, please subscribe using the box below (the form will not appear on AMP-enabled versions of the site). Each report will include information on small-, medium-, and heavy-lift rockets, as well as a quick look ahead at the next three launches on the calendar. Rocket Lab launches first deep-space mission . The company's small Electron vehicle launched the 25 kg CAPSTONE mission on Tuesday, and the rocket placed the spacecraft into a good orbit, Chief Executive Peter Beck said . Since then, … [Read more...] about Rocket Report: ULA starts military lobbying campaign, SLS to launch in 2 months

The industrial port of Kwinana on Australia’s western coast is a microcosm of the global energy industry. From 1955, it was home to one of the largest oil refineries in the region, owned by British Petroleum when it was still the Anglo-Persian Oil Company. It once provided 70 percent of Western Australia’s fuel supplies, and the metal husks of old tanks still dominate the shoreline, slowly turning to rust in the salt air. The refinery shut down in March 2021, but it isn’t just oil below the region’s red soil: Australia is also home to almost half of the world’s lithium supply. The trucks and machinery are humming once again, but now they’re part of a race to secure the clean energy sources of the future—a race being dominated by China. 2021 . Hundreds of so-called gigafactories across the country are churning out millions of EV batteries for both the domestic market and foreign carmakers like BMW, Volkswagen, and Tesla. China’s share of the market for lithium-ion batteries … [Read more...] about The world can’t wean itself off Chinese lithium

We have put to rest the first half of 2022, and we cannot say we’ll miss it. The stock market suffered its worst first half since 1970, with the S&P 5000 falling nearly 20 percent since the start of the year. The broad index is down 21 percent from its high in early January and has been in bear market territory since early June. There are some who will take comfort in the fact that the 1970 first quarter bear market was followed by a solid rebound. We are not so confident. The effective Fed Funds rate at that time was dropping from 9.25 percent in December of 1969 to 4.74 percent in December of 1970. In other words, the Fed was loosening the stance of monetary policy. Today, we have the opposite, with the Fed rapidly tightening to get inflation under control. So, we are in an unusual situation in which the economy is very likely shrinking for a second consecutive quarter while the Fed is raising rates. Federal Reserve Board Chairman Jerome Powell speaks at a news … [Read more...] about Breitbart Business Digest: The Incredible Shrinking Biden Economy