Tag: 11B

Space startups are licking their lips after NASA converts $11B Mars mission into a free-for-all

NASA administrator Bill Nelson has pronounced the agency’s $11 billion, 15-year mission to collect and return samples from Mars insufficient. But the strategy shift could be a huge boon to space startups, to which much of that planned funding will almost certainly be redirected. “The bottom line is, an $11 billion budget is too expensive, [...]read moreSpace startups are licking their lips after NASA converts $11B Mars mission into a free-for-all

Sam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture

Sam Bankman-Fried, the co-founder and former CEO of crypto exchange FTX and trading firm Alameda Research, was sentenced to 25 years in prison by Southern District of New York (SDNY) Judge Lewis Kaplan, about five months after he was found guilty on all seven counts related to fraud and money laundering during his trial. “When [...]read moreSam Bankman-Fried gets 25 years in prison for fraud and money laundering at FTX, ordered to pay $11B in forfeiture