Daily Archives: August 19, 2020

NASA to offer students $10,000 to help astronauts harvest water on Moon, Mars – The Indian Express

Posted: August 19, 2020 at 1:18 am

By: Tech Desk | Updated: August 18, 2020 11:35:27 am(Image: NASA Goddard YouTube channel)

National Aeronautics and Space Administration (NASA) has invited applications from university-level engineering students to participate in developing a method to harvest water on the Moon and Mars. Teams will be expected to submit their prototype or proposed concept design till November 24, 2020. Out of the designs received, NASA will pick up to 10 teams which will be selected in the next month to build and test their systems. All of them will receive 10,000 dollars development stipend.

Water is essential for long expeditions and astronauts also use it to try and grow plants and make rocket propellant with it. Carrying water into space for lengthy expeditions results and hence the need for a programme to develop water harvesting techniques on these celestial objects.

Under the Artemis program, astronauts will be searching for water on the south pole of the moon. It is unknown in which form they will find water.

The water well find when the next men and first women explore the lunar surface for the Artemis program is liable to be mixed with contaminants that need to be removed before drinking, or use as fuel, said Douglas Terrier, NASA chief technologist. Learning how to safely and efficiently prospect for and harvest water is key for sustainable human exploration not only on the Moon, but also on Mars and at other far reaches of our solar system.

Under this programme, eligible undergraduates and graduates will be expected to design and build hardware that will help astronauts identify, map and drill through different kinds of subsurface layers followed by a method to extract water from the ice blocks obtained.

Access to water is a key consideration for space exploration, said Richard (Rick) Davis, assistant director for science and exploration in NASAs Science Mission Directorate (SMD) at NASA Headquarters in Washington. Technological advancements that enable humans to live off the land on distant worlds and use resources such as water, will unlock significant opportunities to explore our universe first-hand.

ALSO READ | NASAs Insight lander helps uncover whats beneath Mars surface

The teams selected will be demonstrating the capabilities of their water harvesting systems in a three-day competition at NASAs Langley Research Center in Hampton, Virginia, in June 2021. Out of these top-performing teams may also be awarded with travel stipends to showcase their design at a future NASA-chosen event or aerospace conference.

ALSO READ | NASA releases some stunning pictures of the Mars: Take a look here

The Artemis program is inspiring the brightest minds in academia, and it is important for us to provide those talented students with unique, hands-on opportunities to contribute to the future of human space exploration, said Dr. Prasun Desai, deputy associate administrator of NASAs Space Technology Mission Directorate (STMD). We look forward to seeing their technological breakthroughs as they progress through the competition.

Earlier this year, NASA also launched a challenge for the best-designed toilet. The winner of the award will receive a whopping 20,000 dollars whereas reward for the second-best and third-best invention was 10,000 and 5,000 dollars respectively.

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NASA to offer students $10,000 to help astronauts harvest water on Moon, Mars - The Indian Express

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Mapping the road to more resilient metals | ASU Now: Access, Excellence, Impact – ASU Now

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August 18, 2020

Biological organisms are made up of interconnected systems of tissues, liquids and similar substances continually at work maintaining vital functions vastly different in nature from inanimate matter. But not entirely so.

On and beneath the surfaces of manufactured materials, for example, there are countless interactions in motion within their microstructures, many at the atomic level, that determine how effectively those materials will perform the functions for which theyre made. With a multi-university team of colleagues, Arizona State Univesity Professor Karl Sieradzki is undertaking a five-year research effort aimed at enhancing the performance and durability of metal alloys like those used for military jets. Other kinds of aircraft, as well as ships, space flight technologies and automotive vehicles are made largely of alloys. Photo courtesy of Shutterstock Download Full Image

Karl Sieradzki, a professor of materials science and engineering in the Ira A. Fulton Schools of Engineering at Arizona State University, is beginning work with six colleagues in his field at Johns Hopkins University, the University of Virginia and Northwestern University to get a deeper understanding of the workings of the fundamental structures and potential capabilities of metal alloys.

Were looking at the very smallest elements of what makes up these materials and how the environments they are exposed to impact them, said Sieradzki, who teaches in the School for Engineering of Matter, Transport and Energy, one of the six Fulton Schools.

One key objective is finding the right combinations of chemical components to mix into so-called multiprinciple element alloys also known as high-entropy alloys that would best resist high-temperature oxidation and aqueous corrosion.

The research is supported by the U.S. Department of Defense Multi-University Research Initiative, or MURI, which funds research to facilitate advances in emerging technologies that will help to address national security and military challenges and potentially have applications in the commercial sector.

ASU Professor Karl Sieradzkis expertise in materials science and engineering has earned him a place on his third research team to have won support from the U.S. Department of Defense Multi-University Research Initiative, or MURI. The program awards grants to fund high-priority science and engineering research considered essential to meeting the nations military and national defense challenges.

In the MURI project, supported through the Office of Naval Research, Sieradzki and his fellow research leaders aim to produce results that will improve alloys used in aircraft, ships and automotive vehicles, as well as space exploration technologies, Sieradzki said.

Research to date indicates high-entropy alloys can improve the tensile strength of materials and provide better resistance to fracture, but resistance to corrosion and high temperature oxidation remains a challenge the MURI project team will work to solve.

MURI projects often involve highly specialized areas of science and engineering. Researchers seeking funding must be able to show track records of progress in such demanding and multifaceted pursuits.

Sieradzki and his research team met that stringent requirement. The groups proposal is one of only 26 projects to be selected for MURI awards from among 365 that underwent merit review by the Department of Defense for funding in the current 2020 fiscal year. The team will receive approximately $7.5 million over the next five years to support its members research. Sieradzki will be given $1 million of that total.

This is Sieradzkis third MURI project, one in which he will drive work on some essential aspects of the research. His role will involve studies to expand the application of a process called passivation, involving the formation of protective oxide films on metal surfaces that can reduce the rate of corrosion and high-temperature oxidation.

That effort will include further development of the use of percolation theory, which involves arranging the atomic elements of metals in a certain way that results in effective passivation, he said.

Sieradzki will also conduct further examinations of high temperature oxidation, which causes materials to lose mechanical properties due to temperature increases and chemical reactions of metal with the environment.

Its a type of environment a jet engine would be exposed to, or that a spacecraft might be exposed to on reentry, he said.

Roger C. Newman, a professor of chemical engineering and applied chemistry at the University of Toronto, said Sieradzki is a pioneer in methods to combat metals corrosion.

More than three decades ago, Sieradzki began delving into the complexities of percolation and produced valuable models of the outcomes that could be expected from emerging methods for that process, Newman says.

Recently, Sieradzki has greatly expanded the content and reach of such approaches, and tested them using electrochemical methods, Newman said. Now he is ready to tackle pressing issues of alloy design for corrosion resistance, using his vast experience in the relevant physics and electrochemistry. Among other outcomes, his research will lead to important economies in the use of scarce metals.

Such prominent achievements in the field led to Sieradzkis recruitment for the new MURI project team by Mitra Taheri, a professor of materials science and engineering at Johns Hopkins University, who led work on the MURI proposal and is now the projects principal investigator.

Taheri will lead the projects work on reducing the time needed to determine what alloy combinations are viable for testing, using advanced microscopy to get live views of new alloys reactions to real-life extreme conditions.

Among those with highly specialized expertise who will be involved in the MURI project are Northwestern University Professor Christopher Wolverton and Associate Professor James Rondinelli. They will provide the computational materials science and physics Sieradzki and others will need to move forward on their parts of the research project.

Sieradzki is now also recruiting postdoctoral researchers to assist with work on the project to be done in his ASU lab, which focuses on electrochemical surface science. He also expects several graduate students to be involved over the next five years.

Sieradzki is looking forward to the outcomes of the MURI endeavor for several reasons. The work promises to lead to designs for new families of alloys, which in itself would be an important achievement, he says.

There is also the possibility of discovering more successful combinations of high-entropy alloys that would open a path toward more-resilient, high-performing materials for an array of devices, systems and processes.

Most intriguing from a larger perspective, Sieradzki said, Were going to try to expand some of the boundaries of where materials science and engineering can take us.

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Nagel on Finances: Time to get in on the fun of new technology – Albuquerque Journal

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Roger Nagel

RIO RANCHO, N.M. Heres some encouraging news: Declining costs and new capabilities have reached the tipping point. Were seeing a technology nirvana now, and New Mexico is at the center of a lot of it.

You may have read this quote of Col. Eric Felt, the head of the Space Vehicles Directorate at Kirtland Air Force Base in the Aug. 10 Albuquerque Journal Business Outlook.

Felt went on to say that emerging commercial technology will make up 80 percent of all new innovation and development, with the remaining 20 percent resting in the government sector. Sixty years ago, these roles were reversed.

................................................................

Admittedly, I have been fascinated by technological innovation since elementary school. Landing on the moon was a big deal during my formative years.

In hindsight, those programmable hand-held calculators by Texas Instruments were a sign of things to come.

We all know plenty of ways in which digital technology has changed our lives. But, space exploration? Well, consider the following.

Despite the disruption of COVID-19, 85 percent of our economy is little affected and continues to experiment, innovate, build and create new things with synergy. This adds jobs and fuels our state and local economies.

It also creates a tax base other than federal government funding and extractive industries. We need that.

But equally important, if not more, exciting new developments tend to generate more exciting new developments, which soon cross industry lines and markets. We have seen this in our recent past.

Watch for improvements in telecommunications, solar power applications and other industries. New, private-sector, commercial economic expansion will serve to create new demand in housing, dining, entertainment and retail sales. It will help fund our state and local governments.

How can our local, low-tech small businesses get in on the fun?

Start thinking beyond the next payroll. What can you begin to do differently today to pave the way for a new, better and more profitable future? New facility? More trained staff? More computers and enhanced software tools? New marketing campaigns and a beefed-up sales force for new customers?

Where will the money come from to fund these new initiatives? Will new sales generate enough profits fast enough to pay the way, or will you need to borrow funds from outside your business?

Talk with your commercial banker first, and then consider family, friends and neighbors. Even key vendors may help with liberalized credit terms. You do not know if you do not ask.

Now is the time to engage your key advisors. Share your goals and aspirations candidly with them. Get their initial response, listen and react objectively, not emotionally.

Surely, you will benefit from legal services for new contracts. Your seasoned CPA can help design incentive compensation packages to attract key people. They can create forecasts and projections for investors or lenders. They will challenge you to think differently.

The most experienced advisors will know the tough questions that need answering. They can find those who know the answers and can assist in validating assumptions, estimates and risk. Go have fun.

(Roger Nagel, CPA/PFS, CMA, CGMA, is the managing director of Nagel CPAs, LLC Accountants and Advisors, serving the middle Rio Grande Valley and beyond. Learn more atnagelcpa.us.)

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Nagel on Finances: Time to get in on the fun of new technology - Albuquerque Journal

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Odyssey Logistics & Technology TMS Study Reveals Insights Amid the Pandemic on Logistics Technology and Market Conditions – PR Web

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51% rely on a TMS to improve decision making and mitigate risk

DANBURY, Conn. (PRWEB) August 18, 2020

Odyssey Logistics & Technology Corporation (Odyssey), the global leader in complex logistics and technology solutions, commissioned an independent, third-party firm to conduct an extremely timely, highly relevant research project and e-book: Meeting the Challenge of a World Transformed. It is the most recent TMS research available to the industry, gauging the responses of more than 350 shippers in May 2020 as the pandemic was in full force in the U.S. The research results show TMS playing a critical role in increasing shipping transparency, improving risk mitigation, automating cost management, closing the customer communication gap and maintaining remote work capabilitiesduring and after the pandemic.

As a whole, the research anticipates shippers spending an average of $60 million on domestic freight in 2020. With so much on the line, respondents said that accessing shipment status information (81%) and transportation cost analysis by lane and mode (70%) were highly important for their shipping operations. Respondents top major challenges were visibility, track and trace (42%) and communication with customers and carriers (37%).

Its critical for logistics professionals to maintain continual communication with customers, yet its also the leading cause of disruptions to logistics operations, said Albert Lee, chief technology officer at Odyssey. Our research indicates that customer communication is the one activity that consumes the most time for planners and a centralized, automated TMS can reduce this stress and labor.

Nearly two-thirds of respondents (65%) said having cloud-based access to shipping operations is either critically important or very important considering the effects of COVID-19 on logistics operations and office support. Today, nearly two-thirds of respondents (63%) currently use a TMS, are in the process of implementing TMS or are evaluating or planning to implement TMS within the next 24 months. The top two drivers for using or planning to use TMS were cost management (68%) and track and trace (61%) capabilities. As the pandemic continues, more than half of respondents (56%) said they were very likely or somewhat likely to reassess the integration of a cloud-based TMS.

Risk mitigation is another important reason for logistics providers to implement TMS, said Lee. Our independent study shows that 51% percent of respondents cite improved decision-making and risk mitigation as a goal for TMS implementation second only to achieving visibility to shipment status at 66%.

To access more data and insights from this most recent research on the logistics industry during the pandemic, read the Odyssey e-book.

Odyssey Logistics is also offering a virtual media tour to provide more insight on this TMS study. Editors can schedule one-on-one interviews with Odyssey thought leaders by contacting Mark Derks at mark.derks@wordsatwork.com or Karis Montanez at karis.montanez@wordsatwork.com.

For more information about Odyssey, visit http://www.odysseylogistics.com.

About Odyssey Logistics & Technology Corporation (Odyssey)Odyssey Logistics & Technology Corporation (Odyssey) is a global logistics solutions provider with a freight network exceeding $3B globally. Odyssey improves its customers supply chain performance through a proprietary, predictive global technology platform, an international network of logistics engineering experts and specialized processes that drive quality, safety and sustainability. Its Door-To-Done approach to complex global logistics helps ensure products are delivered through a safe, secure and environmentally responsible system. In addition to being certified by the American Chemistry Council as a Responsible Care partner company and a leader in Jones Act transportation, Odyssey offers a broad portfolio of services including intermodal, over-the-road trucking, warehousing, global forwarding, managed services and consulting. Serving multifaceted, intricate logistics needs, Odyssey operates in high-barrier-to-entry markets with specialized transportation services that include bulk truck, ISO Tank, railcar and tanker, as well as food-grade product lines. Odyssey also prioritizes giving back to the community by supporting various organizations, including Project Outreach and Junior Achievement. For more information on Odyssey, visit http://www.odysseylogistics.com.

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Odyssey Logistics & Technology TMS Study Reveals Insights Amid the Pandemic on Logistics Technology and Market Conditions - PR Web

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BulkLoads TMS product for bulk commodities will be integrated into Barchart – FreightWaves

Posted: at 1:16 am

BulkLoads.com, the online load board to match truck capacity to haulers needing to move bulk commodities like grains, has signed a deal to have its transportation management system (TMS) built into a third-party platform.

Jared Finn, the operating partner with BulkLoads, said his service will be built into the commodity offering of Barchart, known as cmdtyViewPro. The third-party channel agreement is the first for BulkLoads.

By doing so, as Barchart said in its prepared statement announcing the agreement, it would (allow) shippers to manage their entire load cycle in one simplified and interactive front end.

Finn, in an interview with FreightWaves, said that on any given day BulkLoads has 50,000 plus loads of bulk commodities listed on its platform, which will continue to operate separately after the BulkTMS platform is integrated into Barchart.

Finn said that in 2019, the company moved almost $90 billion in commodities across the platform, a number that was kept in check by the massive flooding that hit the U.S. Midwest that year. That figure is expected to grow by 50% in 2020, he added.

We have a lot of the same or similar clients so it is perfect to work with them to provide the freight piece as well as the merchandising piece, Finn said.

Finn said many of BulkLoads clients are using Barcharts commodity offerings to get real-time futures prices. Building BulkLoads into the offering of Barchart will enable a one-stop location so you dont have to manage flow in five or six different environments, Finn said.

In the prepared statement, Barcharts head of strategy Keith Petersen said the company is [focusing] on providing the best tools for grain merchandisers and incorporating BulkLoads into our products does exactly that.

Finn said the goal of the collaboration is not to share fees paid to the two platforms but to bring together two valuable systems that are offering their product to the same clients in one ecosystem.

In the prepared statement, Finn described BulkLoads this way: From sending load offers that can be negotiated or automatically booked by carriers in the BulkLoads mobile app to viewing digital tickets and grading details in real-time, the BulkTMS platform makes the load lifecycle more efficient and collaborative.

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Toyota Kirloskar Motor new car leasing & subscription Program through TMS – United News of India

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Mumbai, Aug, 18 (UNI) Auto major Toyota Kirloskar Motor (TKM) on Tuesday announced the launch of its all-new car leasing & subscription program in India through a new vertical, Toyotas Mobility Service (TMS) that will spearhead TKMs future mobility initiatives in India. To start with, Toyotas Mobility Service will provide leasing and subscription to customers in cities like Delhi-NCR, Bangalore and Mumbai & gradually expand it to ten more cities within the first year. To start with, TKM will partner with existing Brand KINTO under Toyota Financial Services, ALD Automotive India & SMAS Auto Leasing India Pvt Ltd.Under this new initiative, customers can pick cars of their choice for a tenure of three to five years on a fixed monthly fee on lease. The monthly fee will be inclusive of vehicle maintenance, insurance and roadside assistance. For subscription, customers will have the flexibility to opt for short-term usage of 24 months to 48 months. Car leasing & subscription gives the convenience of ownership with added flexibilities. It also gives the customer to choose from a variety of products that TKM offers in India, including the Glanza, Yaris, Innova Crysta, Fortuner and the soon to be launched, Urban Cruiser.

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Treasury Management System (TMS) Market Size By Product Analysis, By Application, By End-Users, By Regional Outlook, By Top Companies and Forecast to…

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New Jersey, United States,- The Treasury Management System (TMS) Market is predicted by Verified Market Researchs report to find players focusing on new product development to secure a strong position in terms of revenue sharing. Strategic collaboration can be a powerful way to bring new products to the market. The level of competition observed in the market may increase.

This research report categorizes the global market by players/brands, regions, types, and applications. The report also analyzes the global market status, competitive landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, five forces of distributors, and porters.

The latest 2020 edition of this report reserves the right to provide further comments on the latest scenarios, recession, and impact of COVID-19 on the entire industry. It also provides qualitative information on when the industry can rethink the goals the industry is taking to address the situation and possible actions.

The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Treasury Management System (TMS) Market Segment Analysis-

The research report includes specific segments by Type and Application. Each type provides information about the production during the forecast period of 2015 to 2027. The application segment also provides consumption during the forecast period of 2015 to 2027. Understanding the segments helps in identifying the importance of different factors that aid market growth.

Treasury Management System (TMS) Market, By Type

Local Systems Cloud-Hosted Systems

Treasury Management System (TMS) Market, By Application

Government Large Enterprises SMEs Others

The study analyses the following key business aspects:

Analysis of Strategies of Leading Players: Market players can use this analysis to gain a competitive advantage over their competitors in the Treasury Management System (TMS) market.

Study on Key Market Trends: This section of the report offers a deeper analysis of the latest and future trends of the Treasury Management System (TMS) market.

Market Forecasts:Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Treasury Management System (TMS) market.

Regional Growth Analysis:All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.

Segmental Analysis:The report provides accurate and reliable forecasts of the market share of important segments of the Treasury Management System (TMS) market. Market participants can use this analysis to make strategic investments in key growth pockets of the Treasury Management System (TMS) market.

Business Opportunities in Following Regions and Countries:

North America (United States, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, and Benelux)

Asia Pacific (China, Japan, India, Southeast Asia, and Australia)

Latin America (Brazil, Argentina, and Colombia)

How will the report assist your business to grow?

The document offers statistical data about the value (US $) and size (units) for the Treasury Management System (TMS) industry between 2020 to 2027.

The report also traces the leading market rivals that will create and influence the Treasury Management System (TMS) business to a greater extent.

Extensive understanding of the fundamental trends impacting each sector, although greatest threat, latest technologies, and opportunities that could build the global Treasury Management System (TMS) market both supply and offer.

The report helps the customer to determine the substantial results of major market players or rulers of the Treasury Management System (TMS) sector.

Reason to Buy this Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Treasury Management System (TMS) Market. Highlights key business priorities in order to assist companies to realign their business strategies. The key findings and recommendations highlight crucial progressive industry trends in Treasury Management System (TMS) Market, thereby allowing players to develop effective long term strategies.

Thank you for reading our report. The report is available for customization based on chapters or regions. Please get in touch with us to know more about customization options, and our team will ensure you get the report tailored according to your requirements.

About us:

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.

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How Tesla and SpaceX CEO Elon Musk spends his billions – CNBC

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Elon Musk's net worth is soaring in 2020, as Tesla's surging stock price has roughly quadrupled since the start of the year.

Musk owns about 20% of Tesla's stock, a stake that's worth more than $50 billion, according to research firm Wealth-X. Overall, Musk's personal net worth is estimated to be at least $66.7 billion, according to Wealth-X, which provided CNBC Make It with estimates of the value of Musk's assets as of August 13. The rest of Musk's net worth includes a stake in private aerospace startup SpaceX that Wealth-X values at $15.3 billion, along withcash and other substantial holdings, including multiple multimillion-dollar real estate holdings.

(In fact, Tesla's stock continued to soar this week ahead of a stock split later this month which Wall Street analysts believe could cause even more demand for the hot stock.)

CAPE CANAVERAL, FLORIDA - MAY 30: U.S. President Donald Trump acknowledges SpaceX founder Elon Musk (R) after the successful launch of the SpaceX Falcon 9 rocket with the manned Crew Dragon spacecraft at the Kennedy Space Center on May 30, 2020 in Cape Canaveral, Florida. Earlier in the day NASA astronauts Bob Behnken and Doug Hurley lifted off on the inaugural flight and will be the first people since the end of the Space Shuttle program in 2011 to be launched into space from the United States. (Photo by Saul Martinez/Getty Images)

Saul Martinez | Getty Images News | Getty Images

Tesla's billionaire CEO, who is also the chief executive of SpaceX and founder of The Boring Company, has jumped up the billionaire rankings amid Tesla's stock surge. Musk is now firmly in the top 10 of Bloomberg's Billionaires Index, ranking fourth, just ahead of France's LVMH chairman Bernard Arnault and behind Facebook's Mark Zuckerberg. That's a substantial rise for Musk, who ranked 46th on the Billionaires Index in May 2019.

So how does one of the world's wealthiest people make and spend his fortune?

When he's not busy running multiple companies, Musk is pretty active in the real estate market. After Musk tweeted in early May that he planned to sell off nearly all of his physical possessions and "own no house," multiple properties owned by the billionaire reportedly hit the market, including a 47-acre estate located in Hillsborough, California, a pricey location in the San Francisco Bay Area.

That property, which features a 10-bedroom Mediterranean-style mansion built in 1916, has an asking price of roughly $35 million.

In June, Musk reportedly sold a 16,000-square-foot, seven-bedroom mansion in Los Angeles' Bel Air neighborhood for $29 million to a Chinese tech billionaire, NetEase.com CEO William Ding, according to The Wall Street Journal.

Based on Wealth-X's estimates of Musk's assets, the billionaire still owns at least four properties in the Los Angeles area that are worth nearly $40 million combined. Those include a 33,976-square-foot property valued at $5 million and a 1,540-square-foot property valued at $850,000, according to the research firm.

In 2012, Musk joined the likes of Warren Buffett and Bill Gates in signingThe Giving Pledge, promising to contribute a majority of his wealth to charitable causes over his lifetime.

In 2015, Musk gave $10 million to the Future of Life Institute, which is aimed at ensuring that artificial intelligence technology is "beneficial to humanity." And in 2016 he reportedly donated Tesla stock valued at $255 million to his own charitable foundation, called the Musk Foundation.

(It's worth noting that a 2019 investigation by The Guardian found that, while the Musk Foundation had donated millions of dollars to roughly 160 charities over nearly two decades, the foundation had also given money to a school where Musk's children matriculated, a charity run by Musk's brother, "a protest group fighting gridlock on Musk's commute to SpaceX," and a sculpture reportedly set on fire at the 2013 Burning Man festival.)

In 2018, Bloomberg reported that Musk had made over $6 million in anonymous donations to the environmental group the Sierra Club. Musk had asked the group to publicize those donations in order to offset backlash that followed his donations of more than $88,000 to Republican politicians at the time, according to Bloomberg.

Not surprisingly, the electric car CEO also owns a few interesting vehicles. In a 2013 Sotheby's auction, Musk paid nearly $1 million for a rare 1976 Lotus Esprit sports car that was used in the filming of the 1977 James Bond film "The Spy Who Loved Me." (In the movie, the sports car actually transformed into a submarine.)

National Motor Museum | Heritage Images | Getty Images

Musk's stable of cars also reportedly includes a 1920 Ford Model T, which he says was a gift from a friend, as well as a Jaguar Series 1 1967 E-type Roadster. In 2017, Musk said those two cars were the only two gasoline-powered cars he owned, though he's previously owned everything from a 1978 BMW 320i (the first car he ever owned) to a McLaren F1, a rare sports car that Musk says he wrecked in 2000 after buying it for $1 million.

In July 2019, Musk said on Twitter that he mostly drives Tesla's Model S Performance sedan. The billionaire has also been spotted driving Tesla's new Cybertruck around southern California.

Musk has said in the past that he typically only invests money in his own companies.In 2018, Musk himself contributed roughly 90% of the $112.5 million raised that year by his company, The Boring Company, according to The New York Times.

However, in recent years he has also invested undisclosed amounts as a financial backer fortech companies like the artificial intelligence startup DeepMind and the neurotechnology startup NeuroVigil.

In 2015, Musk and other entrepreneurs also contributed to a $1 billion pledge to fund the artificial intelligence research lab OpenAI.

Wealth-X reports that Musk also owns $950,000 in exercisable stock options in Tesla, which along with his more than $50 billion stake in the company, accounts for more than 76% of his total net worth.

Meanwhile, Musk's SpaceX holdings, which Wealth-X values at $15.3 billion, account for almost 23% of his total net worth. The private aerospace corporation recently made history with its first launch of NASA astronauts into space.

Musk also has roughly $660 million in estimated "proceeds from previous salaries, bonuses, investments, dividends and stock transactions," according to Wealth-X.

Musk famously does not accept a salary as Tesla's CEO. However, in May, Musk earned the first portion of his massively incentivized pay package that Tesla's shareholders approved in 2018.

That portion gave Musk an additional 1.7 million Tesla shares (worth more than $700 million at the time, but which are now valued at more than $3.2 billion based on the company's stock price as of Tuesday).The pay package could ultimately dish out more than $55 billion to Musk over 10 years if Tesla hits a series of required financial milestones by 2028, including a market capitalization of $650 billion. The company's current market value is over $350 billion, as of Tuesday.

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How Tesla and SpaceX CEO Elon Musk spends his billions - CNBC

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Bill Gates, Elon Musk, Jeff Bezos and the rest of the Oligarchic Dozen just reached a disturbing milestone – MarketWatch

Posted: at 1:15 am

The rich get richer doesnt even begin to tell the story these days.

According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the U.S. recently exploded to more than one trillion dollars yes, 13 digits.

The statistic, of course, is an eye-popping figure on its face, made even more so in light of the devastation in the broader economy due to the coronavirus pandemic.

This is a disturbing milestone in the U.S. history of concentrated wealth and power, said Chuck Collins, a director for the Washington D.C.-based progressive think tank. This is simply too much economic and political power in the hands of twelve people. From the point of view of a democratic self-governing society, this represents an Oligarchic Dozen.

Since the pandemic first blew up in the U.S. back in March, the Oligarchic Dozen has enjoyed a 40% surge in its combined wealth or an increase of $283 billion.

Teslas TSLA, +2.80% Elon Musk has been the biggest beneficiary, with his wealth, as of August 13, tripling to $73 billion. That doesnt even include the fierce rally in Tesla shares on Monday, which pushed Musk into the fourth position on the Bloomberg Billionaires Index.

Heres the full list:

The total wealth of the Oligarchic Dozen is greater than the GDP of Belgium and Austria combined, said Omar Ocampo, a researcher for IPSs program on inequality and the common good. Meanwhile, tens of millions of Americans are unemployed or living paycheck to paycheck, and 170,000 people have died from COVID-19 in the United States.

The Oligarchic Dozen, like everybody else, got off to a rough start this year, with the groups collective wealth dropping by almost $100 billion from January 1 to March 18. It didnt take long for their net worth to rebound and surpass their September 2019 levels, except for Warren Buffett BRK.A, +1.03% , who is still a couple billion short of his year-ago figure.

And its not just Bezos and the bunch who have seen fortune smile upon them lately. CEO compensation, overall, climbed to its highest level in seven years last year, and it is positioned to rise once again in 2020, according to an Economic Policy Institute study cited by the Washington Post. In fact, the pay ratio between chief executives and workers at Americas 350 biggest companies has widened to 320-to-1, the researchers found.

Meanwhile, many on the Oligarch list were having another good run on Tuesday, with Amazon AMZN, +4.08% , Alphabet GOOG, +2.67% , Tesla and Microsoft MSFT, +0.57% , all in the green. The Dow Jones Industrial Average DJIA, -0.24% was lagging, while the S&P 500 SPX, +0.23% and tech-heavy Nasdaq Composite COMP, +0.72% were both pushing higher.

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Bill Gates, Elon Musk, Jeff Bezos and the rest of the Oligarchic Dozen just reached a disturbing milestone - MarketWatch

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Check Out All Three Telling Elon Musk Interviews With Automotive News – InsideEVs

Posted: at 1:15 am

This article comes to us courtesy ofEVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid byEVANNEXto publish these articles. We find the company's perspective as an aftermarket supplier of Tesla accessories interesting and are willing to share its content free of charge. Enjoy!

Posted onEVANNEX on August 17, 2020byIqtidar Ali

Elon Musktook part in a series of fascinating interviews withAutomotive News Daily Drive podcast(listen to all three parts below). Muskdiscussed a variety of topicsincluding therecently-announced Austin Gigafactory andsomeof his views related to the much-anticipated Tesla Cybertruck.

Muskelaborated on some of the reasons for choosing Austin as the location for Teslas next U.S. Gigafactory.As reported, cities including Austin, Houston, and Tulsa were allactively vyingto get Teslas attentionfor the new Gigafactory. Interestingly though, most of the in-house tech and engineering talent atTesla wasmost enthusiastic aboutthe move to Austin.In turn, this becamea keycriteria for (ultimately) choosing Austin.

Muskalso expressed his desire for setting up a Gigafactorycloser to the East Coast.That said, Giga Austinfit this criteriaand also gives the manufacturer easy access to surrounding states, making local deliveries faster as well.

Regarding the Cybertruck,Muskexplained that he and his team at Tesla did zero customer research. Musk said, we just made a car we thought was awesome, it looks super weird, I just wanted to make a futuristic battle tank, something that came out of Blade Runner or Aliens or something like that.

Meanwhile, back in California, vehicleproduction at Tesla's Fremont factory is still 70% of the automakers total production. However, according to Musk, Bay Area is a pretty expensive place to build cars. In addition, there arefar more regulatory agencies in California compared to Texas.

In response toa question asking if Musk is still consideringmoving the Tesla HQ out of California,he responded: "Thats gonna require a lot more thought. Obviously theres no question that our headquarters will remain in California in the short-term. Long term, well have to see."

In any event,a wide varietyoffascinating details were revealed during Musk's extensive three-part interview series with Automotive News. As a recap, the three separate interviews are all consolidated below be sure to check out these Elon Musk interviews for morevaluable insights into Tesla's future.

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Written by:Iqtidar Ali. An earlier version of this article was originallypublished onTesla Oracle. Source:Automotive News

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Check Out All Three Telling Elon Musk Interviews With Automotive News - InsideEVs

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