More stories

  • in

    Stock futures are little changed after major averages snap 3-day losing streak

    U.S. stock index futures were little changed in overnight trading on Thursday, after all three major averages snapped three-day losing streaks to end the day higher.Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures advanced 0.04%, while Nasdaq 100 futures slid 0.06%.During regular trading, the Dow advanced 434 points for a gain of 1.29%. The S&P 500 and Nasdaq Composite gained 1.22% and 0.72%, respectively.Still, despite Thursday’s strong session, the major averages are on track for hefty losses for the week as inflation fears hit sentiment.The Dow is down 2.18% for the week, while the S&P has shed 2.84%. Tech stocks have been hit especially hard, pulling the Nasdaq down 4.56% for the week.”Higher inflation is likely to remain in the spotlight as the post-pandemic recovery accelerates,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. “But while we expect inflation fears to generate bouts of volatility, and we continue to position for reflation, we also see such market swings as an opportunity to build exposure to structural winners.”The Centers for Disease Control and Prevention eased guidelines on Thursday, saying that in most settings fully vaccinated people don’t need to wear masks indoors or outdoors.Stocks most exposed to the ongoing recovery rebounded on the heels of the announcement, with the NYSE Arca Airline Index finishing the day nearly 2% higher.The market’s volatility this week comes as economic data points to inflation. The Consumer Price Index jumped 4.2% from a year earlier in April, which was the fastest rate since 2008. This has sparked fears that the Federal Reserve could be forced to dial back its accommodative monetary policy.Still, earnings season has been stronger-than-expected and some believe this bull market has more room to run and investors should take advantage of any dips.”The corporate turnaround is strong enough to keep markets rising, even as bond yields increase in anticipation of central bank tightening,” Robert Buckland, equity strategist at Citi, said in a note. “So buy any short term dips, as we may be seeing now. There is a time to turn more cautious but that may be next year, not this.”Retail sales figures for April will be released on Friday, along with industrial production and consumer sentiment numbers.Become a smarter investor with CNBC Pro. Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today More

  • in

    Cruise expects GM to begin production of new driverless vehicle in early 2023

    In this articleGMCruise OriginCruiseCruise, a majority-owned autonomous vehicle subsidiary of General Motors, expects production of its driverless shuttle called the Origin to begin in early 2023, CEO Dan Ammann said Thursday.The time frame given for the vehicle is the most detailed yet and also hints at when the commercial operation of Cruise’s current autonomous vehicle test fleet is expected to start.The Origin is the company’s first vehicle specifically designed to operate without a driver on board. It does not have manual controls such as pedals or a steering wheel.Cruise’s current test fleet is composed of hundreds of custom Chevrolet Bolt EVs equipped with driverless technology. Ammann said that fleet, which it plans to launch operations with, will continue to expand until the Origin goes into production.”That will continue to take shape over the balance of this year and next, but where it really starts to scale up is when the Cruise Origin begins production and goes into high volume,” Ammann said at the Financial Times Future of the Car virtual conference. “That’s when you’ll see things really start to take off.”The comments come a day after Reuters reported Cruise and rival Waymo have applied for permits needed to eventually start charging for rides and delivery using autonomous vehicles in San Francisco. Neither company revealed when they intend to launch services, according to the report.The company declined to comment on a time frame for a public launch, however Ammann sounded bullish on such operations beginning with the Bolt vehicles before the Origin goes into production.When asked a hypothetical question about public operations beginning within the next two to three years, Ammann said that “sounds reasonable to me.”His comments echoed those of GM CEO Mary Barra. In March, she said the company was “confident” that Cruise would launch and commercialize operations “sooner than many people think.”Cruise Chief Technology Officer Kyle Vogt (left) with Voyage CEO Oliver Cameron, who will join Cruise as part of an acquisition of the company.VoyageCommercializing autonomous vehicles has been far more challenging than many predicted even a few years ago. The challenges have led to a consolidation in the autonomous vehicle sector after years of enthusiasm touting the technology as the next multitrillion-dollar market for transportation companies.Some companies, such as Uber Technologies, have given up on developing the systems in-house, while others such as Zoox sold to Amazon. Alphabet’s Waymo remains the most high-profile front-runner, operating a public autonomous vehicle fleet in Arizona.Cruise was expected to launch a ride-hailing service for the public in San Francisco in 2019. The company delayed those plans that year to conduct further testing. It has been operating an employee ride-hailing service with a current fleet of autonomous vehicles in San Francisco for several years. GM acquired Cruise in 2016. Since then, it has brought on investors such as Honda Motor, Softbank Vision Fund and, more recently, Walmart and Microsoft.The Origin is expected to be produced by GM at its Detroit-Hamtramck plant in Michigan. More

  • in

    Bitcoin slides after Elon Musk tweets climate concerns, suspends Tesla payment acceptance: CNBC After Hours

    In this articleTSLABTC.CM=CNBC.com’s Pippa Stevens brings you the day’s top business news headlines. On today’s show, Kate Rooney explains Tesla’s suspension of bitcoin payments for cars. Plus the “After Hours” team breaks down why the stock market is so spooked by inflation.As much as $365 billion wiped off cryptocurrency market after Tesla stops car purchases with bitcoinHundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin.At around 6 p.m. ET on Wednesday when Musk made the announcement, the value of the whole cryptocurrency market stood at around $2.43 trillion, according to data from Coinmarketcap.com. By 8:45 p.m., the market capitalization had dropped to around $2.06 trillion, wiping off around $365.85 billion.The market has since pared some losses, and by around 8:30 a.m. the cryptocurrency market had seen around $180 billion wiped off its value since Musk’s tweet. Bitcoin was down roughly 7% at around $50,228, according to Coin Metrics data, after dipping below the $50,000 mark for the first time since Apr. 24.Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year agoCompanies paid much higher prices to producers in April for everything from steel to meat in another sign of inflation in an economy rapidly recovering from the pandemic. The new data comes a day after a sharp gain in consumer prices sent the stock market reeling.The Producer Price Index rose 0.6% from March, according to the U.S. Bureau of Labor Statistics. Year over year, the PPI spiked 6.2%, the largest increase since the agency started tracking the data in 2010.Economists polled by FactSet were expecting a 0.3% monthly increase in April and 3.8% year over year.Colonial Pipeline paid $5 million ransom to hackersColonial Pipeline paid a ransom to hackers after the company fell victim to a sweeping cyberattack, one source familiar with the situation confirmed to CNBC.A U.S. official, who spoke on the condition of anonymity, confirmed to NBC News that Colonial paid nearly $5 million as a ransom to the cybercriminals.It was not immediately clear when the transaction took place. Colonial Pipeline did not immediately respond to CNBC’s request for comment. The ransom payment was first reported by Bloomberg. More

  • in

    Plane, train and bus travelers still need to wear masks, even if they're vaccinated

    Travelers wait to check in to a flight inside the international terminal at San Francisco International Airport (SFO) in San Francisco, California, on Tuesday, May 11, 2021.David Paul Morris | Bloomberg | Getty ImagesFully vaccinated and planning to fly? You still need to wear a mask.The Centers for Disease Control and Prevention on Thursday said fully vaccinated people no longer need to wear masks indoors and don’t have to physically distance in that setting either.But a federal rule that requires that all air, rail and bus travelers over the age of 2 to wear a mask is still in effect, the Transportation Security Administration said Thursday. They are also required in bus and rail stations as well as airports. That policy is set to expire Sept. 14.Airlines began requiring masks about a year ago at the start of the coronavirus pandemic and have banned hundreds of customers who have failed to comply. Carriers are now expecting travel to continue rebounding through the summer after more people have been vaccinated and attractions reopen.United Airlines said the carrier will lift its mask requirement when the federal government does. For now, it will “continue to abide by this mandate and remind our customers that masks must be worn on our planes and in our terminals while this requirement is in effect.”Other airlines could follow suit, indicated Airlines for America, the lobbying group that represents United and other major U.S. carriers including American Airlines, Delta Air Lines and Southwest Airlines.”CDC’s updated guidance for fully vaccinated people continues to require that all travelers wear face masks on airplanes and at airports, and U.S. airlines will enforce the requirement on flights as long as the federal mandate is in place,” a spokesman for the group said.It is not clear how airlines would verify passengers’ vaccination status, if at all, if the CDC loosens guidance for air travel and other modes of transportation.Flight attendant labor unions whose members were left to enforce airline policies urged the Biden administration for a mask mandate to help add more weight to the policy. That mandate took effect in February and was extended last month.The Federal Aviation Administration in January implemented a “zero tolerance” policy for unruly travelers on board and fines of up to $35,000, noting an uptick in such cases, some of them related to passengers who refused to follow mask policies.The FAA said it has received about 1,300 cases of unruly passengers from airlines since February and has so far found violations in about 260 of the cases.The agency recommended a $32,750 fine for a JetBlue Airways passenger on a New York-bound Feb. 7 flight that returned to the Dominican Republic after the passenger allegedly failed to wear a face mask, threw food in the air, shouted at crew and struck a flight attendant’s arm.It also called for a $16,500 fine for a traveler on a Jan. 26 Southwest Airlines flight from Chicago to Sacramento, California, whom the FAA alleged refused to cover his nose and mouth, was asked to leave and allegedly hit a flight attendant with his bags.Sara Nelson, president of the Association of Flight Attendants-CWA, which represents about 50,000 cabin crew members at more than a dozen airlines, said she is still in favor of passengers wearing masks on board flights.”Rules for aviation safety are harmonized around the world, and we must have credibility in the safety of flight if the U.S. aviation industry is to regain access to the rest of the world and fully recover,” she said in a statement. More

  • in

    Peacock's 'Rutherford Falls' proves there's a place for Native-led content in Hollywood

    In this articleCMCSAMichael Greyeyes as Terry Thomas in the Peacock series “Rutherford Falls.”Peacock | NBCUniversal | Getty ImagesWhen audiences first meet Terry Thomas, the manager of Running Thunder Casino on Peacock’s “Rutherford Falls,” they see a stoic, intense Native man with a commanding presence.The character is set up to be the villain, or, at least, that’s how it seems. As each 30-minute installment of the 10-episode season unfolds, viewers meet the real Terry — a loving father with a knack for entrepreneurship and a devotion to his community.He is calculating and cunning, but also sincere, honorable and, at times, quite funny. Episode four of the series, entitled “Terry Thomas,” was a particularly emotional experience for actor Michael Greyeyes.”Very often people who are businessmen, casino owners or bosses are corrupt and greedy people,” he said. “With episode four [Sierra Teller Ornelas] and the other writers obliterate that stereotype.”For Hollywood, diversity and inclusion have become a hot-button issue. In the last few years, the traditionally white industry has begun to institute official initiatives to foster a culture of inclusivity. While some of these goals were created due to public outcry, studios quickly discovered that having these unique and different voices was good for business.Films with women or people of color at the center have proven successful at the box office, bringing in billions of dollars to studios in the last five years. Blockbuster features like “Captain Marvel,” “Wonder Woman,” “Crazy Rich Asians” and “Black Panther” have shown that audiences will turn out for quality films with diverse characters.For streamers like Peacock, who derive revenue from subscribers and advertising, the payoff is a little different. The shows that gain traction with audiences can result in higher subscription rates or convince a subscriber who was thinking of leaving the service to stay around for another month or two.”Rutherford Falls” is an anomaly in the industry, although its writers and actors hope that changes. The show has a staff of 10 writers, five of whom are Indigenous. The team is led by Michael Schur — one of the most prolific sitcom creators in the industry, whose credits include “The Office,” “The Good Place” and “Parks and Recreation” — and Ornelas, the first Native content creator to helm a television comedy.On Peacock, which has 42 million sign-ups for its service, the Native creators are able to share their stories with a wide audience — and their authentic voices are already being rewarded. The show currently holds a 94% “Fresh” rating from Rotten Tomatoes from 32 reviews, and fans of the series are already clamoring for a second season.”We are starting to see a shift, especially with the Hollywood Foreign Press and such, we are starting to see some real and actual systemic challenges taking place right now,” said Jana Schmieding, who works in the writers room for “Rutherford Falls” and as well as stars in the series.”It is actually a financially viable decision to bring new voices into the industry,” she said. “We have more nuanced storytelling, we have more engaged viewers and we have more literate viewers.”Welcome to Rutherford FallsThis is Schmieding’s first gig as a writer on a TV series and her breakout role as an actress. While she has been widely praised for her role as Reagan Wells in the series, it was a part that she had not initially planned on playing.After a decade as a public school teacher in New York City, where she spent her nights performing sketch and improv comedy, Schmieding finally made the move to Los Angeles in 2016. For the better part of three years, the Lakota Sioux writer and actress tried to get a staff position.After striking up a friendship with Ornelas, Schmieding was finally offered a seat at the table.”It took a Native woman to see me and to see my talent and to lift me up and hire me,” she said.The table was “Rutherford Falls,” a show about two lifelong best friends, Nathan Rutherford (Ed Helms) and Reagan Wells (Schmieding), who find themselves at a crossroads when the town calls for the removal of a historic statue that honors Nathan’s family lineage. Both the town and the Native tribe are fictional, but are brought to life through the real experiences of the show’s writing staff.The statue, known as “Big Larry,” commemorates the deal Lawrence Rutherford, an American settler, made with the Minishonka tribe to create the town of Rutherford Falls. Through a series of missteps, Nathan accidentally opens the door for one of the leaders of the Minishonka tribe, Terry Thomas, to sue him and a multimillion-dollar corporation that was established by the Rutherford family for years of unpaid remunerations.The ordeal puts a strain on the relationship between Reagan and Nathan, as Reagan must choose between standing with her longtime friend or siding with her Indigenous community.Pictured: (l-r) Jana Schmieding as Reagan Wells, Ed Helms as Nathan Rutherford in Peacock’s “Rutherford Falls.”Peacock | NBCUniversal | Getty Images”What some people may not realize is that there is a tremendous amount of pressure on such a sitcom,” wrote Vincent Schilling, an Akwesasne Mohawk and associate editor and senior correspondent at Indian Country Today. “If it isn’t funny, or flounders in any way, Native people may not get a chance for a long, long time because the execs that be in the TV networks may just assert that Native content isn’t going to sell.”Ornelas, Schur and Helms, who co-created the series together, balance the weightiness of the tension between the Minishonka and Nathan with light comedic moments. The satire of watching a white man fight for his history (and land) against a group of people who have long been subjugated under similar circumstances brings surprising levity to the show.”As a Native journalist, this is exceptional,” Schilling wrote in his review of the series. “The writing is exactly what I have wanted to see for decades, actually my entire life.”An American storyThat sentiment was shared by Greyeyes, a Plains Cree from the Muskeg Lake First Nation in Canada. The Native actor has three decades of experience in the entertainment industry and it’s only in the last five that he’s seen a real shift in the portrayal of Native characters in film and on television.Throughout his career he said he’s seen “the good, the bad and the ugly” when it comes to Indigenous representation in media.”What I saw in Hollywood for a very long time was that they were just willing to look at the Indigenous person as a metaphor or as a foil for something else where white characters would learn something from us or they would come to their own emotional realization due to our presence in the story,” Greyeyes said. “Or even worse, they would just extract from our cultures, from our stories, from our history and use it for whatever purposes that they needed.””What I’ve seen change is the notion that Indigenous people are not siloed, that we are everywhere,” he said.For those that study Native culture and representation in media, the largest shift in the portrayal of Indigenous people in film and on television has come in the wake of the Standing Rock protests.In 2016, the Dakota Access Pipeline was rerouted near the Standing Rock Sioux Reservation. Members of the tribe opposed the pipeline because it would disturb the upper Missouri River, the only water supply for the reservation.Pictured: (l-r) Jana Schmieding as Reagan Wells, Dustin Milligan as Josh Carter in Peacock’s “Rutherford Falls.”Peacock | NBCUniversal | Getty ImagesWhile protests started that year, it wasn’t until mid-2017 that the media began to latch onto the story. A video showing how people were treated while protesting the pipeline went viral and included evidence that Dakota Access guard dogs had been attacking protestors.Dustin Tahmahkera, a member of the Comanche Nation of Oklahoma, and an interdisciplinary scholar of North American indigeneities, critical media and sound at the University of Illinois, said the Standing Rock protests were the first major event of Native activism that the mainstream media had picked up in decades.It was a reminder to the country that Native people are modern Americans and exist beyond the stories and histories that are taught in public education.”There was so much more awareness and raised consciousness,” he said. “And still, so much further to go.”Joanna Hearne, a professor of Native American film studies at the University of Missouri, also pointed to Standing Rock as a pivotal moment in altering perceptions in the entertainment industry. She added that the rise of streaming platforms offers more space for these voices outside of a traditional cable schedule and the success of other Indigenous people, some outside of North America, has helped showcase what Native talent can do.Hearne used writer and director Taika Waititi as an example of this. Waititi is Maori, an Indigenous people from New Zealand. While he made his start in the industry telling stories that reflected his experience in New Zealand, his most recent work, which includes the blockbuster Marvel film “Thor Ragnorak” and the Oscar-winning feature “Jojo Rabbit,” shows that Indigenous people can use their unique experiences to tell universal stories.”This is a really exciting time for us and there’s room, there’s room for it and there’s an audience for it,” Schmieding said. “‘Rutherford Falls’ is like a nice little stepping stone into some even more nuanced, more engaging, exciting diverse Native and Indigenous content.”Disclosure: Rotten Tomatoes is owned by Fandango, a subsidiary of CNBC owner Comcast.Disclosure: Peacock is the streaming service of NBCUniversal, parent company of CNBC. More

  • in

    DoorDash shares rise as delivery company boosts outlook, investors shrug off driver shortage

    In this articleDASHSign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020.Smith Collection/Gado | Archive Photos | Getty ImagesDoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a short-term shortage of delivery drivers as consumer demand outstripped its forecast.But the company raised its forecast, cheering up investors. The stock rose more than 6% in extended trading after hitting an all-time low earlier on Thursday. DoorDash shares began publicly trading in December.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Loss per share: 34 cents vs. 26 cents expectedRevenue: $1.08 billion vs. $993.3 million expectedThe delivery company reported fiscal first-quarter net loss of $110 million, or 34 cents per share, narrower than the loss of $129 million, or $2.92 per share, a year earlier. Analysts surveyed by Refinitiv were expecting a loss per share of just 26 cents.Delivery drivers were in short supply, dragging margins down further, but the issue was resolved by the end of the quarter, the company said.”Stronger-than-expected consumer demand, along with extreme weather events and the impact of stimulus checks, resulted in a meaningful undersupply of Dashers in the latter part of Q1,” company executives wrote in a letter to investors.”Stimulus checks created a particularly acute challenge, as we believe they drove a short-term increase in consumer demand and a simultaneous decrease in Dasher hours,” they added.Net sales rose 198% to $1.08 billion, topping expectations of $993.3 million. Total orders reached 329 million during the quarter. Price controls imposed by different municipalities on the commission fees that DoorDash can charge restaurants erased $31 million in potential revenue.The company has also been expanding beyond restaurants into delivering flowers, pet supplies, convenience store products and groceries. Orders in these new categories grew 40% compared with the prior quarter, although less than a tenth of active users bought from them in the first quarter. Customers who order from the new categories return to DoorDash more frequently over a three-month period than those who only place restaurant orders.As states reopen and consumers dine in again, DoorDash is seeing a negative impact on new customer growth, order rates and average order value. But its more loyal customers, such as those who subscribe to its DashPass program, have changed their behavior less than newer or infrequent users. The reopening of economies coincides with warmer weather, which usually results in fewer DoorDash orders.”Nonetheless, we are encouraged by the consumer behavior we have observed thus far and are more optimistic with regard to our full-year prospects than we were at the beginning of the year,” executives wrote.The company raised its 2021 forecast for gross order value to between $35 billion and $38 billion, up from a prior range of $30 billion to $33 billion. DoorDash also widened its forecast range for adjusted earnings before interest, taxes, depreciation and amortization to between $0 and $300 million. Its prior range was $0 to $200 million. More

  • in

    Disney's 'Shang-Chi' and 'Free Guy' will have 45-day theatrical run, CEO says

    In this articleDISSimu Liu stars as Shang-Chi in Marvel’s “Shang-Chi and the Legend of the Ten Rings.”DisneyDisney said “Shang-Chi and the Ten Rings” and “Free Guy” will play exclusively in theaters for 45 days.The decision to release the two movies exclusively in theaters comes “amidst recent signs of consumer confidence and moviegoing,” said CEO Bob Chapek during an earnings call Thursday.The news comes just hours after the company said its blockbuster film “Jungle Cruise” would debut in theaters and on Disney+ Premier Access on July 30. Disney has used a similar tactic for “Mulan” and “Raya and the Last Dragon” and plans to use it for the debut of the upcoming films “Cruella” and “Black Widow.””Free Guy,” a Ryan Reynolds feature, is slated to hit theaters Aug. 13, while “Shang-Chi,” a new Marvel film starring Simu Liu, is slated for Sept. 3.”Without a doubt, this is welcome news for theater owners in a world where shorter, but reasonable, windows are no longer taboo,” said Shawn Robbins, chief analyst at Boxoffice. “Today’s news emphasizes an upside to Disney’s case-by-case approach when it comes to short-term hybrid releases and long-term game plans by providing stability in expectations for the studio’s commitment to both the unique audience experience and the financial potential generated by theatrical exclusivity.”Pandemic restrictions are loosening around the country as vaccination rates rise and the number of Covid-19 cases declines. Notably, the Centers for Disease Control and Prevention said Thursday that fully vaccinated people don’t need to wear face masks in most settings. That recommendation should help give the public more confidence about returning to normal activities and allow states to lift capacity restrictions at movie theaters.Around 90% of the movie theater market place is reopened domestically, but that doesn’t mean that all consumers are comfortable returning to cinemas, Chapek said. He noted that last weekend’s box office was well below the levels of years past.”So, we know the market’s not quite there yet,” Chapek added. “So, the Disney Premier Access strategy, one of the things it gives us right now … [is] that for those consumers that are a little leery still about going into a packed theater, that they can go ahead and watch it in the safety and convenience of their home.” More

  • in

    SpaceX reveals first orbital Starship flight plan, launching from Texas and returning near Hawaii

    Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas.SpaceXElon Musk’s SpaceX on Thursday revealed in filings to the Federal Communications Commission its plan for the next step in testing its massive Starship rocket, in a flight that would splash down off the coast of Hawaii.SpaceX has conducted multiple test flights of Starship prototypes over the past year, but the plans outline the company’s first attempt to reach orbit with the rocket.Starship prototypes stand at about 160 feet tall, or around the size of a 16-story building, and are built of stainless steel – representing the early version of the rocket that Musk unveiled in 2019. The rocket initially launches on a “Super Heavy” booster, which makes up the bottom half of the rocket and stands about 230 feet tall. Together, Starship and Super Heavy will be nearly 400 feet tall when stacked for the launch.An artist’s rendering shows SpaceX’s Starship rocket launching on top of its Super Heavy booster.SpaceXThe company’s FCC filings say it will launch a Starship rocket atop a Super Heavy booster from SpaceX’s development facility in Boca Chica, Texas. Then the booster will separate, to partially return “and land in the Gulf of Mexico approximately 20 miles from the shore,” the filings say.SpaceX”The Orbital Starship will continue on flying between the Florida Straits. It will achieve orbit until performing a powered, targeted landing approximately 100km (~62 miles) off the northwest coast of Kauai in a soft ocean landing,” SpaceX wrote in the filing.SpaceXSpaceXThe orbital flight would last just over 90 minutes. SpaceX is working in coordination with the FCC, U.S. Air Force, NASA and the FAA for the flight. While the timing of the flight is to be announced, Musk two months ago said SpaceX’s goal is to launch the orbital mission by July.It has been nearly a year since Musk told SpaceX employees that progress on Starship needed to accelerate “dramatically and immediately,” calling it the company’s top priority. Since then, the program has moved at a rapid pace, with a steady stream of production, testing and flights. Just last week, SpaceX successfully landed and recovered Starship prototype SN15. It was the fifth high-altitude flight test of the rocket, and the first that ended without the prototype exploding.The company is developing Starship to launch cargo and people on missions to the moon and Mars.Last this month, NASA awarded SpaceX a nearly $3 billion contract to build a lunar variation of Starship to carry astronauts to the moon’s surface for the agency’s Artemis missions. However, while Musk’s company continues to move forward with Starship development, NASA suspended SpaceX work on the HLS program after Jeff Bezos’ Blue Origin and Leidos’ subsidiary Dynetics each filed protests of the NASA contract award.Become a smarter investor with CNBC Pro.Get stock picks, analyst calls, exclusive interviews and access to CNBC TV. Sign up to start a free trial today. More