i don't think the faa will change the way they regulate spacex.t organization that is doing the investigation. that's because they are so good at it. the way that virgin galactic and that get to an answer soon as have the ntsb do this. is in uncharted territory because it space and we have not sent the civilian public into space before. the faa is giving them a lot of leeway right now. we do not have passengers on board yet. >> that's an important point. captain mark kelly, thank you for joining us this morning. our countdown to the opening bell continues so stay with us. we are just getting started. . ♪ >> welcome back to "in the loop." >> i was going to wear pink this morning. richmond fed president jeffrey lacher says he's not worried about prices rising too fast and he is an inflation hawk and makes the point that we have ended quantitative easing but until we start to actually sell back the bonds, the stimulus remains in place. scarlet has been covering the oil story. with oil falling -- falling this month, how can any believe inflation is co

. >> linkedin, tesla, youtube, yelp, yammer, and spacex.ll founded by members of the paypal mafia. what was special about all of you? what did you have in common? >> paypal selected a lot of people who were young, and intense, and were entrepreneurial themselves. then they were bought by ebay. so all of these folks were like, what do i do next? some of them go to youtube, some go to spacex, some of them do yelp, i do linkedin. and yet, because we had this intense experience together, we all still have really tight networks. we are calling each other going, i'm thinking about doing this, what do you think? >> who do you call for what? >> macroeconomic bold models, i will call peter. the intersection of interesting business models or business technology, i call max. for a willingness to just think super big, with risk as not a variable, elon. >> what do they call you for? >> laughs. [laughter] >> i have heard you are funny. >> occasionally. i don't know. other people are funnier. a view of the valley. i'm thinking about x, who were the right

. >> linkedin, tesla, youtube, yelp, yammer, and spacex. founded by members of the paypal "mafia." what was special about all of you? what did you have in common? >> paypal collected a whole bunch of people who were young, and intense, and were entrepreneurial themselves. then, all of a sudden, it was bought by ebay. so a bunch of these folks were like, ok, what do i do next? and so -- you know, chad and steve go in to youtube, elon goes and does tesla and spacex, jeremy and russ do yelp, and i do linkedin. and yet, because we've had this intense experience together, we all have still really tight networks. so we are calling each other going, 'hey, i'm thinking about doing this, what do you think?' >> who do you call for what? >> so for example, macroeconomic, financial, bold models, i will call peter. the intersection of kind of interesting business models or business technology -- things like big data -- max levchin. for a willingness to just think super big, with risk as not a variable, elon. right? >> what do they call you for? >> laugh

. >> elon musk, the head of spacex, a major competitor said in 2012: you know, to his point, spacex makes its own engines, and we saw the launch on wednesday of ta different type of rocket with a russian engine, but a more modern one. >> yes, that's true. what musk company decided to do was build a rocket engine that they could use for the current needs and future needs, realising that they would need heavy lift capability, so they chose to design their own rocket engine. the question of whether rockets could be made use of, that's for orbital sciences to explain whether this particular type was the perfect one to use, as opposed to other versions that may have been available. they say that perhaps there is no other one available, and so they'll have to answer that question as to why they chose that one in particular. >> it's a big question, and has a 1.9 million contract. hundreds of millions were lost. and the cop lost a quarter of a billion in market value. it had successful missions before. how significant a setback is this for the commercial space programme, and the contracts that va

spacex's contractors to do 12 missions.ost: how much is nasa going to be paying for the crew ferrying to the international space station, which is eventually going to happen with some of these? guest: in september nasa awarded contracts to boeing and spacex for vehicles that would carry astronauts to the space station in a commercial matter in much the same way that they have contracts to ferry cargo to the stations. the kind -- the combined value of those contracts is $6.8 billion. in the meantime we've talked about nasa hitching a ride with the russian space groups to get to the international space station. how much is the united states paying russia for these efforts? guest: it is roughly $70 million percy, and nasa has to buy six .eats in your, six seats a year. host: question from jim on twitter. "i understand spacex rockets use 40-year-old soviet engines. that the best they can acquire?" guest: the engines have interesting origins. it was developed in the late 1960's and early 1970's in the former soviet union as part

nasa changing in the way spacex comes in. i see it happening in almost every area. seeing interesting innovations in food and agriculture. we see surprisingly large efforts in machine learning and intelligence turning big data into real usable insights and usable human-like judgment. almost every area i look at is open to innovation. >> vinod khosla and ajeet singh, founder of thoughtspot, thanks for joining us. a hot button issue, how are educators implement in these tools in the classroom? that's next on "bloomberg west." ♪ >> i'm emily chang and this is "bloomberg west." the infusion of new technology in classrooms has boomed with students giving a school issued tablets. cory johnson is in the newsroom with more. >> in the bay area, technology is cutting ground. i think this will be interesting about how this works with the ceo and founder of the company. we are the chief technology for the oakland unified school district. talk to me about the opportunity presented by technology going in the classroom. >> thank you for the opportunity but i do want to make one co

companies like virgin galactic and spacex are leading the private sector's turns into space.ocket disasters in the last month are getting -- giving some investors some pause. i sat down with steve jurvetson and we talked about space. satellites and taking the internet to remote areas where it >> something that didn't make business sense 20 years ago makes sense now. saying justlites is staying in one place. the latency is shorter. you can provide bread -- broadband for the entire planet. every oil platform, every developing village. broadband would be in most homes in america and would be dirt cheap. >> who wins? >> they all went if it's not neutral. --summary can provide a hype pipe to the home and village that is independent of the cable bepanies, that will wonderfully democratizing. ofone can part -- charge face. everyone -- every engineer within facebook and google realizes that would not be right. >> you are in investor in spacex and you launch rockets in your backyard, how concerned are you about the recent crashes in the same week? how much does that set back the priva

the only modern belt kerosene engines in the united states are being done by spacex now.t right to do that? i think it makes sense. have a lot of expense building care seen engines. you could bring up the issue about the possible impact of the age of these engines that are used by other manufacturers. many are built new and age is not an issue. i want to stress that these engines were refurbished. the investigation will tell if that was fact or not. >> i want to talk a little bit more about spacex and elon musk. what does this mean for the private space community? people like richard branson and elon musk? the idea is who is the customer? case, the customer was the united states government. by -- or paid for by the government. the only one on your list is trying to do something private is richard branson. he is trying to change the customer from being the government to being an individual. onetill hasn't flown passenger yet. he is getting close. whether he has the right chair of the market or not or if he has a viable business model remains to be seen. person bravey enoug

veteran firms like orbital, boeing, rthrop grumman, spacex, version galactic, and others, will continue to excite ,he world -- virgin galactic and others, will continue to exexcite the world as they continue to compete. thanks for wating. at thebe back next week same time. until then, have a great week. [captioninperformed by the national captioning institute, which is respoponsible for its caption content and accuracy. visit ncicap.org] [music] >> it's a choice we make. i can either respond rightly and say, god, i don't understand this, but you must know something about me i don't know. you must be doing something in my life that i don't quite understand, but lord, i want you to accomplish your purpose and your plan in my life no matter what. >> today on "in touch," "how to ew life's trials." [music] ♪ around the throne of heaven ♪ a sea of the redeemed ♪ are bowing and proclaiming ♪ the praises of the king ♪ yet his wor

when i was at nasa, i was a little bit skeptical whether a company like spacex could deliver cargo to space station. it's a difficult thing to do. they've proven they can do that. richard is try to get hundreds of people into space. it remind meese of what happened in aviation in the 1920s and '30s when it became commercialized and companies were trying to make a profit is where it really took off. so this could be -- this commercialization of space could be the beginning of something great for this country. maybe in our lifetimes, instead of traveling from, you know, l.a. to say london in, you know, ten hours, maybe we'd be able to do it as fast as you can do it in the space shuttle, which is about 35, 40 minutes. >> captain mark kelly, always good to see you. thank you very much for your expertise. appreciate that. this virgin galactic, the founder of this company, richard branson, is expected to take to the microphones there. when he does, we'll take that live. >>> but first today's cnn hero. he helped children kick the pain and fear out of cancer. >> i really hate when it hurts. i

. >> reporter: the guy they brought is 26-year-old blake benthall, a former software engineer at spacexaccording to the 30-page compla

posting a tweet yesterday regarding spacex, keeping an announcement on microsatellites.till in the early stages of developing microsatellites operating in large formations, announcement in two to three months. he always does this. twitter is a new feed, essentially. basically, the details that came out afterwards is might these be used to give internet access to everyone, to allow everyone to go online? >> i am a little sour on elon musk after the train and the tube. he was not going to build it. will.h it what you >> that is true. i will design the whole thing. now you can go ahead and find and build it. the microsatellites would be very interested in bringing high-speed internet to parts of the world. zuckerbergt mark says he has been trying to do. it is apparently very possible. the founder of sirius radio everyone thought he was insane. apparently, the technology has come along that you can really create truly microsatellites. >> you get the sense [bell ringing] right, number six, president obama urging the fcc to regulate broadband. he will align himself with netfli

but everybody who works at nasa, google, spacex, all the people got excited about science before theya value, inexpensive to teach. we can do this. >> the other problem with the scientific method, with climate change, evolution, there is also the vaccination rate. vaccination the mmr rate is 81%. i am working to change the world, but this mistrust of science is really bad. going back to microbiology, this is kind of an outrage. libertarian people believe they have a right to not vaccinate their kids. i have a right not to have my kids go to kindergarten with people that do not have rubella, smallpox. >> what's fascinating to me it is washington, oregon, people that are behind you on climate change but not on vaccination? >> education will catch up with us. the facts will catch up with us, imean. -- i mean. brandon, you have eight kids? r, two in kindergarten. >> we grew up with slide rules. hp calculator? it was like an act of god. today it is getting kids off the computer. what is your advice? >> why get kids off of computers? no. make sure thatut they go outside and run around. the

going to launch a new private space race seemed ridiculous, and yet here we are with elon musk and spacexwith jeff bezos and blue origin. with larry page inflammatory resources, and other companies out there without the big names behind them. did you really envision the next prize would lead to that? x absolutely. -- >> absolutely. itn we formed the x prize, was with the specific goal of launching a new industry. there had been no efforts in this regard. were certain market forces in place keeping it stuck. it wasn't what nasa was doing. we very specifically wanted to launch a new industry, and the xprize was a very visible demonstration that it was possible. in fact, with the winning of the xprize, we did open up a new era of spaceflight. we weren't sure what would happen. originally we thought it would be within a few years of the winning of the xprize. we hadn't anticipated actually starting during the competition itself. was that launch competition, can launch a new industry, can one crash like this bring that industry to its knees? >> that is a good question. we think not. there is i

tesla, spacex. is elon musk afraid of anything? >> he is afraid of artificial intelligence. afraid of google's approach to a.i. to say hey, something smarter than humans. that to him is folly. he wants a multi-planetary species. really looking for a lifeboat for humanity. if something goes really horribly wrong, natural asteroids, or technology run amok, have mars as a backup. >> what about talk of a partnership between google? they are good friends. it is an unusual relationship. >> partner steve with me there. coming up, black seems to be the fastest-growing software of a service company ever. i will speak to see on an -- to the ceo on their growth coming up. ♪ >> welcome back. i'm emily chang. $1.12 billion is the valuation of a nine-month-old e-mail collaboration start up, the slack, the start of everyone is talking about these days. founded by a flickr cofounder, now has 73,000 daily active users and 30,000 teens using its software. how did he go from time startups to one of the hottest startups in enterprise technology? joining me in the studio, stewart butterfield. fi

spacex landing on a speeding comment today. thank you so much for joining us. the no joke.ill ferrell's funny or die is facing new -- money in possible sales. who might buy the website next. ♪ chris-. welcome. my guest today is bradley pitts. thank you for joining me. how old were you when you lost your virginity. zero? i will tell you when i lost mine. >> would now like to hear that. [laughter] classes is the first time i've seen this. it is just so funny. you do not even have to hear what they say. it is just so funny. >> there is a moment where he asks if he has trouble keeping a 10 and he says lie and he says, because you live in your life shadow. is, funny ors it die is getting serious, hiring a financial advisor to evaluate its operant -- is options. -- it's options. joining us now via skype, the funny or die cofounder is now the ceo at wtf studios. thank you so much for joining us. of funny or die looking for a sale? what does it say about the evolution of the business? >> i think it is very significant. it is one of two youtube content places on the web. 2006, markr

. >> you are an investor in spacex. you're a space enthusiast. concerned are you about the recent crashes. how much does that set back the private space industry? >> it was a tough week for those companies, and some of the companies launching satellites on their vessels. my heart goes out to the test pilot that perished. it is those brave folks that have the greatest risk that have made the development of airplanes and rocket ships possible. if they weren't putting their lives and the lines, we couldn't advance the science. the broader industry isn't impacted. in both cases, the failures were idiosyncratic. every evidence from the early investigation says this was an unusual wing structure that released too early, and unfortunately, to disaster. it is easily fixed, but it is unique to that vessel. no other rocket airplane uses that technology. so it is not a failure mode that is generalizable. they will fix it. they know how to make sure that never happens again. >> we talked about timing in the future. when our tourists owing into space -- going

going to launch a new private space race seemed ridiculous, and yet here we are, with elon musk and spacex with blue origin with jeff bezos and richard branson. did you guys realize that xprize would lead to that? >> yes, when our founder and i and a group of others a form to -- groupe, it was with rize,hers formed the xp this was in mind. there were certain market forces in place. it was not what nasa was doing, so we very specifically wanted to launch a new industry, and the xprize was a very visible demonstration that it was possible, and, in fact, with the winning of the xprize, we did open up a new era of space flight. we were not sure what would happen. originally, we thought it would be within a few years of the winning of the xprize. did not anticipate it's starting within the competition itself. >> with the competition, launching a new industry, can one crash like this bring that new industry to its knees? >> that is a good question, and we think not. there is inherent risk in doing these bangs. with every great venture, where you are looking to open up new frontiers, they are goi

>> i got to tell you, the people at virgin galactic and scale composites and the spacex company, they'ret getting people into space and creating the first commercial space line. i was there when they were building these spaceships, spaceship 2 and just to see the pride they were taking in their job and putting together a spaceship, it's an incredibly complicated procedure. they were all very excited that this was going to happen, that these flights would take off in a couple of months. i was at spaceport america where these flights will be taking off. i was in virgin galactic's facility. they were putting paint on the wall. everybody there was incredibly excited about these flights taking off in just a matter of months. >> rachel crane, thanks vep for bringing your exper toes and your experiences to the forefront. >> thank you. >> it's the social experiment that's generated a whole lot of buzz online this week. all right. so this is a bit of what this actress said she heard over and over again. will this change the way people view this kind of catcalling oriented or is this project backf

a lon an elon and spacex have had a perfect record but unless we get sloppy in our self-confidence this is going to happen. it had to happen now and actually as terrible as it is, it is better that it happened now than later when that vehicle is full of spaceflight participants. >> you're not new to this game. you have been in the space industry for a while and as i've been speaking to people who have been in the space work for ten, 20, 30 years, they get that this happens. you've drawn an analogy to dangers of things we do more commonly. we sign on, edo this with our eyes open. -- we do this with our eyes open >> absolutely. this is something that these people feel is important enough to put their lives on the line about. and frankly you know, i think this is indicative of the fact that a lot of people have been talking about how our culture is failing, and that we're getting too sanguine, to laid back, we're getting lazy. this is the edge. and whether you're an individual or you're a culture, it is how you approach the edge, and cross that edge, that defines you. and tells you how ali

. >> some of the new players include spacex whose craft is used to ferry supplies to the international space station. bigelow is building modules for working and living in sparks and blue origin, building rocket engines for n.a.s.a. and designing orbital and suborbital craft. despite the setback, virgin galactic has a broad agenda. >> the space tourism mission is one component in building a space infrastructure that that company, i think, intends to do >>> last week retired astronaut chris hadfield spoke about the challenge to cooperate with other nations, specifically russia, in space. >> it's never been easy to work internationally on something the scale of the international space station. it's never easy. i was hired as an astronaut in 1992. the soviet union came apart. when i was hired there was never a thought that we would have the russians as part of the n.a.s.a. space programme. three years later i flew and helped build a russian space nation, flying an american space shuttle and laid the ground work for the international space station. there's great arguments on earth over mon

last night, elon musk confirmed what we had been speculating monday morning, that spacex is going to move into satellites. musk says he'll tell us more about this in two to three months, but in a tweet, he hinted they will supply cheap internet access. >>> are the markets closed or open today? let's turn to hampton pierce and find out. >> hey, scott, you're more than half right there, but we are going to start with futures after stocks opened on monday. and the bond market is closed for veterans day. the dow rising 39 points on monday to 17,613. still another record high while the nasdaq ended up by 19 points to close there 4651. back to you and have a great day, everybody. >> you, too, as well. thank you, hampton. >>> pizza hut says its pizza revamp is coming next week. we're trying to bring in new millennials with lower calorie pizza. we've talked about this before when it was originally announced. they said it contains less cheese and crust than a regular pizza and thus it is lower in calories, which means it's less pizza. because if you have less cheese and crust, that's a small.

. >> spacex 3 is under three. >> farfetched? maybe not.cexvenlt which grew out of the paypal fortune is reaching for the heavens and recent setbacks it is robust. >> let's brainstorm this puppy. >> put the coffee in the pot. >> reporter: as noted in the movie "the internship" google seems fearless about expanding developing driverless cars and wearable computers, delving into package delivery and working on a pill to hunt cancer cells and launching a program to wire the world with balloons. >> because it turns out that if you use balloons, it's faster and easier and cheaper to give everything the internet. >> what have you done lately? >> oh, gosh, i feel so inadequate. >> totally. >> well, this deal -- >> doing a good job. >> it will help nasa and save them $6.3 million a year in maintenance costs, of course, that is church change. >> absolutely. yeah. that's the cost of one of their vending machines. >>> the european space agency says the philae probe completed its mission even though last week's landing didn't go as well. >> i feel sorr

. >> reporter: the guy they brought is 26-year-old blake benthall, a former software engineer at spacex. according to the 30-page complaint unsealed today, benthall was running the black internet site known as silk road. this is what that site looks like now. an fbi notice of seizure. but this is what it looked like before the bust. an internet marketplace for cocaine, heroin, phony passports, and computer hacking services. $8 million a month in transactions, which generated $400,000 a month in commissions for benthall and his confederates. >> does this look like him? >> uh-huh, yeah. >> reporter: gladys martinez says benthall was always friendly to her. >> nice. >> reporter: the neighbors say he drove a 2014 tesla model s. last november, he tweeted that he was hyperlooping to his tesla. fbi agents say that was the same week he took over operation of silk road 2.0 from its previous operator. he reportedly bought the car using bitcoin. >> i think it was black. >> you don't see it now? >> no i saw them confiscate it yesterday. >> reporter: oh, they did? >> they did, yeah. >> reporter: you

tesla and spacex founder elon musk is 93.a merkel being the highest ranked woman at number six. megyn kelly was snubbed. i had you at 48. >> thank you for caring. i appreciate that. look forward to next year. so one more piece of big news still ahead and it involves something that happened right here in this studio. that's next. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. >>> we finish tonight with another big thanks to our viewers. fox news channel was the most watched network on broadcast or cable during coverage of the midterm elections. in fact, our cable competitors numbers combined did not come close to those at the fox news channel. why? because of you. we have the smartest and most loyal viewers of all the networks. and for that we r

tesla and spacex founder elon musk is 93. angela merkel being the highest ranked woman at number six. megyn kelly was snubbed. i had you at 48. >> thank you for caring. i appreciate that. look forward to next year. so one more piece of big news still ahead and it involves something that happened right here in this studio. that's next. than ever why now is the best time to be on verizon. one: verizon's the largest, most reliable 4g lte network in the country. that's right america. with xlte in over 400 markets. two: and here's something for families to get excited about. our best pricing ever! get 2 lines with an incredible 10gb of data to share for the low price of $110! or just $140 for a family of 4! and three: get $150 credit for every line you switch. the more you switch, the more you get. verizon. >>> we finish tonight with another big thanks to our viewers. fox news channel was the most watched network on broadcast or cable during coverage of the midterm elections. in fact, our cable competitors numbers combined did not

you mentioned spacex, virgin galactic, and virgin, i think, was talking about the possibility of flightsn march 2015. am i correct about that? >> a lot of this new space thing, you're like, well, it's different than what was done before, but it's not, but we have a nicer logo. a lot of what they're doing here is you're seeing real commercialism come in here. a lot of people say nasa is behind this. nasa had nothing to do with this company. like any company trying something new, the investors and customers say when are we going to fly? you sit there and think, third quarter of next year. it becomes a mantra after a while. sir richard is ever the optimism. he wants to get on the thing and go. and the folks actually building it say we have a little more to do. they're inching or were inching, and this morning very much closer to starting to do the flights. so, you know, it's a mixture of marketing and technical reality and just keeping the buzz goin and you know, at the end of the day, people have to buy tickets to go on this thing. you have to sort of keep the interest going with a real pr

elon musk at spacex, he wants people to go to mars.re is no big project where i can say we are aiming for that 20 years from now? >> the goal is pretty big. stuart: as a scientific guy, you approve of that? >> it remains to be seen. running out of space on earth. we are going to have to get off this planet eventually. the son will not last forever. it is all incremental steps. stuart: you are the editor. >> antigenic editor. stuart: managing editor of space.com. after the break, charlie gasparino gives us an update on those hippie stock traders. ♪ a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse, spray or gel, so there's moisturizing relief for everyone. biotene, for people who suffer from a dry mouth. [annit's working forny. new york state. already 41 companies are investing almost $80 million dollars, and creating 1750 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes, no corporate taxes, and no sales taxes. and w

companies like spacex that delivers cargo to the space space. there is a company in tucson called world view with the hope of bringing passengers up above 100,000 feet. there is a lot going on. a lot more people and companies involved and technology. so there will be some accidents. >> in the foreseeable future, it will be for the wealthy. people laying down $250,000 for a ride for essentially four to five minutes of weightnessless. mark, you have been there. what makes people want to take the risk and experience what you experienced? >> it is the most exciting thing you can possibly do. on or off the planet. to climb into a rocket ship and strap into the seat and go through the launch count and preparation. for the space shuttle, years of preparation for a commission. to be rocketed off the planet from zero to 15,000 miles in the space shuttle the. it is an incredible thing to do. to gaze back at the earth and see it as a round ball and planet from the blackness of space, there is nothing else like it. >> you have sold me. all right. captain ma