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This as-told-to essay is based on a conversation with Peter Beck, the founder and CEO of Rocket Lab. It’s been edited for length and clarity.I started Rocket Lab in 2006, after skipping out on college. We began in New Zealand as a small advanced technology house and launched our first rocket in 2009.Eventually, I went to Silicon Valley and raised our first bit of capital. That’s when we started building Electron, our partially reusable two-stage rocket, and we’re now working on Neutron, our medium-lift rocket scheduled to launch this year. The company has gone from generating a few million to…

2025-06-25T16:55:14Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Assemblyman Zohran Mamdani shocked New York by leading the Democratic mayoral primary. His victory isn’t assured yet. There’s still a general election to come. Many in the finance world are struggling to accept his possible win, as showcased in the memes they posted. Wall Street is posting through it.Assemblyman Zohran Mamdani shocked…

Powerful Silicon Valley leaders are throwing their weight behind the tech industry’s drive to use Donald Trump’s tax bill to sweep away state regulations on artificial intelligence.A handful of Republican lawmakers have expressed staunch opposition to the measure — which they deride as a giveaway to the biggest tech companies — endangering swift passage of the industry priority.But AI titans’ success in persuading the Trump administration and Republican congressional leaders to incorporate the controversial 10-year ban into the party’s centerpiece legislation is a stunning demonstration of their ascendant influence in Washington. Palmer Luckey, founder of defense tech company Anduril Industries Inc.,…

2025-06-25T16:35:15Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I shopped at Walmart and Target to compare their Pride Month collections of LGBTQ+-themed items. The Walmart I visited had a few rainbow pajama sets. Target’s Pride collection was more extensive. Both retailers appear to be keeping most of their Pride merchandise online amid political pressure. Pride Month looks different this year.When…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe White House has insisted that Donald Trump’s economic policies will help cut the US debt as it makes a final pitch to win over fiscal hawks in the Senate and get the president’s flagship tax bill over the line this week. In a new analysis released on Wednesday the White House Council of Economic Advisers argued stronger growth and tariff revenues would more than cover the costs of making Trump’s first-term tax cuts permanent.The report comes as the administration tries…

Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty ImagesSales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally-adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well below both the 6-month average of 671,000 and the one-year average of 676,000. It also lags the pre-pandemic average in 2019 of 685,000 units sold. Wall Street analysts were expecting May new home sales of 695,000, according to estimates from Dow Jones. This count is based on…

A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia.Tami Chappell | ReutersA crucial government panel of vaccine advisors will hold its first meeting Wednesday since Health and Human Services Secretary Robert F. Kennedy Jr. appointed several vaccine critics to the group. Earlier this month, Kennedy in a stunning step removed and replaced all members of the Advisory Committee on Immunization Practices, or ACIP, which advises the Centers for Disease Control and Prevention. The group reviews vaccine data and makes recommendations that determine who is eligible for shots and whether insurers should cover them, among…

The check’s in the ether. IRS headquarters in Washington, D.C. The Internal Revenue Service says that it’s aware of a delay in processing some electronic payments, and that some taxpayers are receiving notices indicating a balance due even though payments were made on time.Taxpayers who paid tax reported due on their return electronically may see payments on their accounts as pending, although the IRS has received payment through their banking institution, the agency said. “The notice may have been initiated before the payment was processed on the account, or the payment may have been processed but contained errors and requires additional…

Sagging home sales underline the difficulties faced by the housing market.Existing home sales fell by 0.7% in May compared with the same month last year, according to the National Association of Realtors, following the slowest April for 16 years. Meredith Whitney thinks the housing market is set for “its worst year in decades.”The CEO of investment research firm Meredith Whitney Advisory Group and senior advisor at Boston Consulting Group told Yahoo Finance that 2023 and 2024 were both bad years, but it’s now looking even worse with about 4 million sales of existing homes expected. Whitney thinks the actual number…

Coco Gauff of the United States lifts the winners trophy after her victory against Aryna Sabalenka in the Final of the Women’s singles competition on Court Philippe-Chatrier during the 2025 French Open Tennis Tournament at Roland Garros on June 7, 2025, in Paris, France.Sipa via AP ImagesThe Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up…