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...most intriguing new addition to the private rocket game is Space Exploration Technologies (SpaceX), founded by Elon Musk, better known as the man who created PayPal. SpaceX has impressed and indeed charmed NASA, and not without reason. Its Falcon 1 rocket has been launched five times; the last two successfully reached earth orbit and the last one lofted a commercial payload. What's more, the operation - with 800 employees working principally in Los Angeles and central Texas - has something of the young, hyper-caffeinated energy of the old NASA. The space agency has already inked a deal for 15 Falcon...

Author: /time Magazine | Title: No Liftoff: Obama's Plan Grounds NASA | 2/2/2010 | See Source »

...young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists and political figures such as Speaker Nancy Pelosi and Senator Barbara Boxer, both California Democrats, while Fisker's owners include Kleiner Perkins Caufield & Byers, one of Silicon Valley's most successful venture-capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

...take on a period piece in The Other Boleyn Girl. What is your favorite time in history? -Nikki Barrett, York, PA.I'm really interested in 1920s Berlin. I read this great book by Amos Elon called The Pity of It All. It's about Jewish life in Berlin right before the war. The whole environment of the salons and all this culture-there was a real openness and freedom. It's scary to think the response to that was this incredible fascism...

Author: /time Magazine | Title: 10 Questions for Natalie Portman | 2/29/2008 | See Source »

...Doom and Quake games, is test-firing rockets for the next generation of spaceliners and lunar landers near Dallas. In California, Jim Benson, founder of Compusearch, is developing a space taxi with a motor that runs on rubber and laughing gas. (Don't laugh. It works.) PayPal co-founder Elon Musk, who has a NASA contract to build a robotic Pony Express to the International Space Station (ISS), is pouring his own millions into a ship for galactic travelers at his factory south of Los Angeles. Robert Bigelow, founder of Budget Suites of America, already has a small-scale, inflatable...

Author: /time Magazine | Title: The Space Cowboys | 2/22/2007 | See Source »

...Service released a comprehensive study on college student volunteering entitled “College Students Helping America.” The rosy report found that volunteering increased by 20 percent from 2002 to 2005, representing 600,000 more students dedicating their time to civic engagement. Some colleges—Elon University, Indiana University-Purdue University Indianapolis, and California State University, Monterey Bay—will receive the first President’s Higher Education Community Service Honor Roll awards for exemplary civic contributions. Others will receive awards for their hurricane relief efforts...

Author: By Yifei Chen | Title: Volunteering? What’s That? | 10/23/2006 | See Source »

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