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Japan’s government has removed export restrictions on defense equipment, shifting from a policy that restricted exports to non-combat items under five categories to allowing the sale of warships such as frigates and submarines. The move aims to deepen defense cooperation with other nations.
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The Exploration Company, a European space startup, is in talks to raise at least $300 million in funding, partly from the European Union's European Acceleration Fund. The deal would value the company at over $2 billion. The funds will be used to develop Europe's first reusable cargo capsule for the International Space Station and future products. The European Acceleration Fund is managed by Swedish investment group EQT AB.
Musk has endorsed a community user's view that SpaceX's current trajectory represents a once-in-a-lifetime buying opportunity, replying "I think so too" to the post. The company is scheduled to release its first earnings report since listing after the US market close on August 4 Eastern Time, a milestone that will provide investors with their first formal look at SpaceX's financial results since going public.