marco: keep in mind, both these companies, tesla and a spacex, spacex have entered very conservative,aditional markets. tesla in automobiles, spacex in space launch. what spacex has done in a very short time, the last 10 years, has been to become the world's premier commercial launch company. to do that in a very coe market, in a very short time, is nothing less than spectacular, and it has done it by creating products, launch vehicles, that are very affordable compared to the competitors, by far, and very reliable. he has also done it by investing in innovative technologies, like reusable launch vehicle technologies. now, when they lau, the first stage comes back and lands on its own. i think, what happens when you are a private company, you don't have shareholders looking behind you, asking, why aren't you doing this, why aren't you doing that, why isn't the stock price going higher, quicker. with a private company, you have the luxury of planning for the long-term, not worrying about short-term events, short term stock prices. emily: i wonder how tesla employees will feel about thi

those two providers are bowing and spacex. boeing and spacex. spacex is using their own rockets and own capsule. >> there are two companies aimed at flying humans, blue origin and burgeoned galactic. they would do this as a commercial venture for tourists. as nasa administrator and as you are working towards flying nasa astronauts for the first time since the shuttle retired in 2011, does it bother you set these other companies might fly humans first, or do think that is a good thing? jim: that is a wonderful thing. you mention virgin galactic, blue origin, they are looking at suborbital spaceflight, not just for science, but also tourism. the more people we can get exposed to space, the better. thosetely, when capabilities become commercialized, it results in a market that enables nasa to buy those services as well, and nasa becomes one customer of many customers, driving down our costs, increasing our access, and we can use taxpayer resources to do things that commercial is yet doing. all that in my view is good. >> you mentioned boeing is usi

spacex falcon nine has lifted off.e will talk about iran and rouhani's response to trump's next. -- to trump next. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. anna: welcome back to bloomberg "bloomberg daybreak: europe." we just saw the takeoff of cape canaveral take off of spacex stop and then. we will keep you across the launch and updated. let's update you what is going on in markets. >> good morning, we are seeing a little bit of cautious risk guard in asian markets. the msci up for sense of a percent -- 4/10 of a percent. we were seeing those losses in the shanghai yesterday following what we were seeing with th

i think this company and others like spacex are musk's babies.ry, very devoted to it, its mission, its technology. there are some people we talked to in the course of our reporting that say warts and all, they believe he is the only person that can run it it seems he believes that too. but it has become a bit of a shackle for him, at least in terms of the hours he feels are required he was sort of tearful talking about flying in and out of spain for his brother's wedding as the best man missing time with his children, of which he has five, not being able to see friends. it seems absolutely like it is getting to him i don't think you're far off saying he seems like he is on the verge of a eltdown. >> you mentioned spacex, that was one of the things that jumped out to me in this report as well, the idea that maybe spacex would take on a stake of tesla in a going private transaction. can you shed more detail on the possibility of that? i know spacex is largely profitable, successful, but if you look at it from pure valuation standpoint, it is much s

. >> and spacex about ready to send astronaut today, life-changing technology from abbott is helping hunt them down at their source. because the faster we can identify new viruses, the faster we can get to stopping them. the most personal technology, is technology with the power to change your life. life. to the fullest. >>> good morning. time, 4:53 a.m. we're taking a look at highs across the state today. if you're traveling here locally, only 63 in san francisco. but to the south, we have some heat. l.a. at 84 later on today. even fresno near 100. if you're heading to sacramento, it will be warm. a high of 87 degrees. >> thanks. >> a typhoon is hitting china heart. more than 200,000 people have had to be evacuated south of shanghai because of strong winds and heavy rain. ten cities are now virtual ghost towns. this is the 14th typhoon to make landfall in china this year. quick evacuations and advanced planning have kept casualties to a minimum. a wildfire burning in central california is threatening the oldest and largest known juniper tree. the save the redwoods league say the tre

nasa basically gave the okay for spacex to do this.pany as we heard says for them, the margin is better by doing it that way. but the astronauts themselves also commented on this at this event. they said they put their faith proper protocols and safety decisions nasa makes so they will go along with this. >> as we head to break, take a look at shir shares of square surging to a high. surpass surpassed venmo for the first time ever. about 6 billion beyond twitter i believe. huhostl ahead. don't go away. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> whole lot of cash on the sidelines. there's just, there's no way where you can just say i just trust everything that's going on that concerns me put aside tariffs and what the president is doing he's got hi

eight minutes later the rocket smoothly landed on a spacex drone ship inta a.this rocket could also the first to launch an orbtle mission. until now they ravei tired rockets after two launches. >>> thehoing alleged assassination attempt in venezuela. six people are under arrest accused with trying to kill the president wit a drone. u.s. officials say the threat from drones is a very real one. >> reporter: as venezuelan president speaks at military event, suddenly a loud boom.it his sec detail swarms and huzals him away whiles sol in the street scatterer in panic. happened.ar what but his government says thisde vio shows it was an attempt to kill him using drones carrying plastic explosives. with more than 1 million drones registered in the u.s., they worry terrorists could use them to fly over physical security on the ground at political or sporting events here. >> anyone can buy a drone online for a few hundred a dolla use it in an attack. >> reporter: in 2013 gman lice watched helplessly as a drone flew retkubdirectly at an merkel and crash under to the stage

it also says its intention is to not merge spacex and tesla. a lot coming in here.issued an entire blog on taking tesla private. stock is still halted, folks, i'm watching this right now. the final decision has not yet been made regarding taking the electric vehicle giant public. it says either shareholders can stay as investors in tesla in a private tesla, or they can sell, and the intention is for all tesla employees to remain shareholders. remember, this was an auto company that gave -- among the first to do so gave their employees some of these shares as an incentive. so as these start to move, i would imagine -- richard is laughing. you are out in silicon valley where tesla was founded and has a plant in fremont. it's fascinating to see, nicole petallides, you looking at these headlines. once we see the headlines, do you expect the stock to start trading again? i'm looking, it is still halted right now. reporter: that's right, a short time ago, i saw on the traders' screens, it was not going to reopen any time soon, and waiting to see, in fact, is this blog the

>> much lighter and more comfortable to wear and -- >> spacex says it's aiming for next spring.> quitting your job and traveling the world, sounds pretty amazing, doesn't it? >> next, how a local family >>> coming up on abc7 news at 6, one of the defendants in the ghost ship murder trial speaking out for the first time since the judge put the case in legal limbo. he is not pulling any pumps. only on 7. >>> any punches. >>> if there's any long lasting environmental impact. >>> an issue coming to a head in sacramento that has cab drivers joining forces with their ride sharing rivals at 6:00. >>> a question. did you ever imagine quitting your job and traveling the world? >> never. a young family from san francisco is living this dream. they recently quit their corporate jobs in san francisco and sold their home and traveled with their 18-month-old daughter. >> they started in june with a trip to lake tahoe and said it took a lot of planning but worth it. >> we always traveled a lot and come back on vacation and felt like something was missing. >> we knew we weren't happy with our d

spacex has a lot of revenue. each of these launches costs 62 million dollars. the gates and let people in, which tesla did, there are all sorts of complications. one obvious one is the tesla employs a lot of people. they will not be thrilled to have their liquidity taken away. they will not have as much freedom to sell their shares. being public is really good if you have capital. it's what you want to do. it makes it easier and cheaper to raise money. emily: unless, apparently, you are elon musk. thank you. we will continue to follow this. i am sure there will be much more to chew on next week. after about five years at the company, doug steele is heading back to apple. he will likely join the car unit. apple kicked off an ambitious effort to create a self driving car. after opening new offices, car engineering machine shops and hiring thousands of engineers, apple shifted away from building cars with self driving technology. consumer dna tests have taken off in popularity, promising clues to your heritage. but who owns your genetic data? bloomberg data explai

i have a question, though, is elon musk involved in the day to day decisions with spacex?ask because of all the headlines. >> he's been spending most of not all of his time at tesla and sleeping on the factory floor, et cetera. >> and tweeting. >> yes, and when i sat down with one shot woman back in may she said he devised his time in may. i mean, elon musk is sort of pioneering the way right now in terms of what's going on in space and the economics around space and reusability. all three, they have different business models and are sort of doing different things right now. but musk is the one who's getting -- well, musk is the one that's getting rockets and spacecraft and if all goes to plan next year, people into space. so you could say he's winning right now. >> thank you very much >>> time now for a cnbc news update with sue herrera. >> here's what's happening at this hour, everyone. masked youth were caught on video in sweden torching cars and throwing rocks at police no injuries were reported but police say roughly 80 cars were set on fire. no reason obviously given

up, the 15thing mission for spacex this year.is bloomberg. ♪ francine: economics, finance, and politics. this is "bloomberg surveillance ." i am francine lacqua in london. now to the bloomberg business flash. >> commerce banks long search for scale is starting to pay off. it is coming at a higher price than expected. it registered its longest revenue growth in 18 months. its core capital level dropped surprisingly. the bank also warned that operating costs will be slightly higher than bank planned this year. we will have an exclusive interview at 10:30. bonds took a hit, hurting revenue and capital, lower costs and provisions for bad loans boosted income. the bank also said it expected to cut branches and staff ahead of schedule. softbank is considering a valuation of $90 billion for its japanese wireless business in a planned public offering. they are speaking to advisors about selling a third of the business on the ipo. the company shares rose the most in a month. the majority owner of arsenal football club has agreed to buy ou

this report that the saudis are drawing up a term sheet to invest in lucid, lot of questions whether spacextaking a stake, whether that could happen where is he going to get the money, the capital could it actually happen when you have the sec probing, et cetera. >> the sec stuff, i suspect it will be a fine, i'm not an expert in that area. but what's interesting, if you believe these cars are the future, how much do you want to pay. 20 years, it will be like that was a real deal. they are making cars, selling cars they have a huge brand it is very expensive now i'm the one that thought facebook at $15 billion was crazy, so i don't know you know what i mean i was thinking on the way over, lucid does not have a car. they have a car they're selling. >> all these car companies that don't really have cars who doesn't want a tesla >> i don't, i have a ford fiesta >> you want swap it? >> no, it is fine. >> are you going to buy one for me >> i'm not saying, if it were that or ford fiesta, i don't know burning dinosaurs or -- >> my goal is never drive a car, i am with all of the millennials. what's

>> can you give us insight about spacex?e talked about potential running tesla's's private company. do we know about the success he has had financially runnings they sex this way? ofwe do not have a lot insight into tesla -- spacex's numbers. but what we have is the result we see out. the company is successfully making strides in terms of reproducing rockets and winning contracts, in terms of their constituencies and would she customers that there is something viable about what they are doing, it is a well-managed company. colleagues recently profiled signswho by all outwardly, is running the company very well. i was one of the people who interviewed elon musk several years ago, where way back then, he was talking about some regrets he had about taking tesla public, comparing it to the way he was able to run spacex. , employees, the way they scrutinize, the way they are publicly traded. he talked by running tesla this way. >> david, thank you for joining us. you cover the autos. it seems to go back in court. >> how surprised

or investors in spacex. people who he has personal friendships with.is board have any control over elon musk and will they call him on his mistakes, of which in the past couple of weeks it seems there have been a few, or does he just get to run free? ashlee: i think he probably gets to run a lot more free than most ceos. it is only recently that the board has taken on some people that are considered more independent. the people that were there were the ones -- the biggest chunk of the board are people who have been with elon since tesla was going to go bankrupt and get blown off the face of the earth. they put a lot more faith in him than a lot of board members would because this company would not exist without elon. i think they give him an extraordinary amount of leeway. at this point, you have to say get off twitter, stay out of the press, stop doing these self-inflicted wounds. you have so much on your plate. let this other stuff go. emily: a huge part of your reporting was driven by former and current tesla employees. what do you imagine they thin

spacex says it will launch an unpiloted test flight on its crew, dragon space craft. boeing is expected to begin the unpiloted test flight on the space craft called the star liner late this year. nasa selected astronauts, and boeing exec chris ferguson for that flight. >> one company is offering a new device that it says can save your life during a house fire. as susan copen reports, all the device does is simply close your door. >> in the united states, someone dies in a house fire every two hours and 42 minutes. >> if you want to survive a fire that happens in the middle of the night. >> sleep with your door closed. >> you guys attack the living room. that's where the fire is starting. >> chief mark stow with the beaver falls fire department, and his firefighters showed us just how important it is to close your bedroom door. >> watch what happens after we set this house on fire. in the bedroom with the door open, the smoke rushes in, and consumes the room. but look at the bedroom with the door closed, there's an orange glow from the fire, but no smoke. fire raging o

. >>> and the latest mission from spacex is underway after a rocket launch during the early hours. >>> we have smokey skies and heat. when are we going to get a break? also tracking a hurricane off the coast of mexico. >>> and a little fog to get across the golden gate bridge. also have reports of fog down in the south bay. we'll take a look at that coming up in a few minutes. ♪ ♪ ♪ i put a spell on you ♪ yeah, because you're mine ♪ with chase atms serena can now grab cash on the go, y do ♪ no card? no problem. life, lived serena's way. chase, make more of what's yours. how do you take two selfies with one phone? -what? -[ scoffs ] never mind. [ camera shutters click ] fire captain during an ambush in attempting to block construction of president trump's long-promised border wall. the dispute centers around the limits of a 2005 law giving homeland security the ability to bypass many environmental regulations... >>> a key hearing is scheduled for today centering around a law giving homeland security the ability to by pass regulations. the state of california is suing the trump administ

the benefit of the doubt and look at the structure of the company, if tesla follows a spacex model ofte. he did say he would not follow format.itional lbo >> you would cash out the stockholders and take the company private, but he says that he has believers and those who do not want to leave. , awant something like spacex special purpose vehicle. internal stock market where employees and the shareholders can have a look witty event, bu -- a liquidity can sell or buy, if somebody wants them. exists as at that roadmap, but it is less liquid and less transparent for all the shareholders in the public target right now. now. public market right for a campaign $350 $400d share of tesla or for a less liquid share of tesla and that doesn't seem that hard of a choice. you could go into a less-liquid vehicle and hope that it goes public someday later. >> is the funding secured? >> no, it is not. of there two thirds shareholders who have indicated that they would convert to private. if you look at the language on nowhere is he really saying -- let's put it this way, if the funding is secured, he

>> spacex displaying a mockup of crew dragon.ed up to a touch screen that would display progress in flight this is under construction on the rocket factory floor as the spacecraft goes through the progress with nasa the business opportunity will, quote, not be a losing proposition for spacex but that safety is the primary concern. >> i would love to say that this mission is going to be like every other mission because i want every rocket and capsule to be reliable, but i can tell you there'll be about 7,000 extra sets of eyes on the build of this system, the testing of this system, and all the interfaces >> now, crew dragon is the result of the multi-year program which includes rival boeing. the mission is to send astronauts to the soil which has not happened since 2007 the timelines for both have repeatedly slipped now targeting april of next year for the manned test. and boeing, mid-2019 what makes this so notable is this is the first time we've got this up close and personal look at this dragon capsule from spacex this will se

s spacex investment. so maybe to tyler's point prior, this idea that he is maybe not denying but perhaps even more so hinting at this idea that is now coming out we should say right now that tesla shares are halted as of this moment for news pending so tesla may be looking to make some kind of a statement here. but again a trading halt right now. that's the latest on the tesla shares as you can see halted right now at $367.25 as this comes to fruition with the news coming out. we bring you more updates but that's the latest developments shares halted for a formal news pending announcement back to you. >> let's go back to harvey pitt and get your reaction, mr. chairman, to what we just heard there. mr. musk tweeting yet again about the idea of going private and saying he might create a special purpose fund so that any investor who was in tesla now could stay in in a company that was no longer publicly traded. so it looks like he is doing a lot of thinking about this. >> it does and it looks like he is issu

nasa is collaborating with boeing and spacex to make aircraft that can ferry cruise from earth to the international space station and back. >> for the first time since 2011 we are on the brink of launching american astronauts on american rockets from american soil. >> now, mann on the far right here attended stanford where she earned a degree in mechanical engineering. spacex and boeing are shooting for a test flight of their capsules to the space station by the end of this year or early next. >>> the ocean waters off of san diego broke a record this week, the highest temperature in san diego in 102 years of taking measurements. reporter jennifer de la cruz has the story. >> our oceans are warmer this year. >> warmer than past years. >> people are loving it. >> maybe a little too warm. a sea surface temperature of 78.6 degrees recorded on wednesday, more than ten degrees above the average. >> it is still warmer than normal and warmer than normal since early 2014. >> reporter: he's calling it a marine heat ve >> reporter: he says sea surface temperatures should have gone back to normal

come back, two people very familiar with elon musk a former tesla board member and the co-founder of spacexo discuss what might come next for the embattled ceo. dip buyings. back to 25k. dow is down 230. we're back in a minute so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty mutual insurance. ♪ liberty. liberty. liberty. liberty. ♪ >>> welcome back we've been following the elon musk back and forth to take tesla private. how will this impact tesla's future joining us are two people with close ties to musk jim cantrell is a founding member of spacex also is steve wesley, currently the managing partner of the wesley group gentlemen, thanks for joining us today. >> happy be here. >> ste

now, spacex has logged quite a number of records milestones, but in terms of u.s. activity in space it's still relatively new to the game. what it's like to work with this company? >> it's exciting it's a fairly young work force so bob and i are two of the older folks out there when we go out to work with them. but there's a lot of energy out there, a lot of smart people that are working very hard to get the human pace flight side of things into orbit you know, they've been working with nasa, and they provide cargo services for the international space station, and they've been doing that for the last several years, and this is kind of the next logical step for them as a company as well. >> bob pisani here i'll just throw it out to any one of you gentlemen first of all thank you for making spaceflights exciting as a boy who grew up in the '60s i'm so happy this is in the news again. we make a big thingabout you crew members being a commercial program. i'm wondering if there's a big difference between the commercial aspects of this and the old nasa your training diff

it's that kind of excitement. >> reporter: spacex's capsule is aalled "the crew dragon."ert behnken and douglas hurley will do the honors of sammanding the sleek highcraft oacecraft. >> it is absolutely like a fly on the iphone. >> reporter: this is going to be the first time nasa outsources astronaut space travel to private industry. are you confident that you've looked at every aspect of the risk? >> the answer-- the answer is yes. >> one giant leap for mankind. >> reporter: nearly half a century after neil armstrong walked on the moon, nasa hopes to reignite that kind of excitement for commercial space travel. >> we want to see commercial space enterprise be very, very successf in-- in essence, >>king space more routine. >> reporter: we are inside what would be the boeing starliner. this is a mockup, not exactly first-class seating on a trip that takes about six hours to get to the international space station. you know, jeff, the nasa space shuttle had about 3,500 switches gd buttons in here. this one's got 45 and the astronauts shouldn't have to push one. ryat's becau

spacex in it.o that structure does exist >> exactly >> could you make tesla like that >> what he's talking about would be the opposite of what's going on with spacex spacex was a start up, a private company, it received venture funding at a certain valuation each time it reaches a new round, shares are revalued at that level that the investors agree to pay this would be doing something in the reverse, if possible, which is way more complicated. for one, you are taking away the liquidity rights of people used to having it once people get used to having liquidity rights -- >> the ability to sell whenever they want. >> right he said these investors would be locked up every six months that's difficult also in private companies you have a cap table, which essentially explains how different owners have stakes in a company, at what price they bought in. that gets complicated with a company like tesla because you have 10,000 plus vindividual shareholders in order to take a company like tesla that's been pu

spacex is the mark and system, reliable company of the two.: that goes to show the value of a number two. at the end of the interview, he talked about if you can find another coo who can do the job better than me, they can have it. ashlee: he would never believe that someone could do as good or better than him. he has gone through a lot of pr people in the past. he has brought in the top people from all over the industry. people in the car industry and other people in highflying jobs, and he does the pr himself. emily: let's talk about his relationship with the board, because a number of members are also on spacex's board. does this board have any control over elon musk and will they call him on his mistakes, of which in the past couple of weeks it seems there have been a few, or does he just get to run free? ashlee: a probably gets to run a lot more free than most ceos. it is only recently that the board has taken on some people that are considered more independent. the biggest chunk of the board are people who have been with elon since tesla

right at the top, elon musk with something like $14.6 billion tied up in spacex.ys at the bottom have 10-figure stakes. so it's just an incredible amount of wealth. i guess the key point is it's paper wealth and the challenges, how can they monetize it, do they crystallize it? will it come to pass? selina: these tycoons are matching up their valuations to these private markets, which can be rather foggy. so how closely aligned are the estimations of their net worth to reality? >> definitely wealth here. you can see that from the unicorns have gone public. snap, dropbox. ultimately gone public, very big valuations. the interesting thing is when you look at someone like say uber and these valuations seem to vary dramatically from the headline figures we sometimes hear about. uber, take the softbank deal. uber raised money, $1 billion, sorry, $17 billion, when it took $1 billion from softbank. then existence shareholders sold something like $48 billion. so you have very big discrepancy. sort of putting an exact number on that is definitely more art than science at th

why has there been success at spacex and it's been more challenging on the ground?ld make the argument that spacex is struggling under what it means to be public, right? he's hinted at the fact he may involve spacex - >> do you think there is a different management structure the reason i ask, the man thwomt they say is running this company, it's unclear elon has a part fer if you will at tesla, he is running tesla? >> there is a serious advance tesla is out looking for quote/unquote cheryl sandberg. and you know i kind of think that is all a bunch of bull the answer for all of these guys when they act too far out of turn, let's hire a coo, minds you, usually a woman to balance them out to do the operational heavy lifting. i think that's two simplistic an answer for tesla >> thank you nice to see you. >>> coming up, we will tell you about a bin i winner and loser at the box office and new numbers on tesla sharing streaming services here's a look at the biggest pre mark winners and losers in the mark winners and losers in the dow. here's a trip tip: when you search ho

you backed uber and spacex. what do you think are the big megatrends now?h, well, i know what i'm personally passionate about. i do not know that i follow the market and try to figure out what the biggest trends are, but i am very passionate about the future of entertainment, so i have been doing a lot of investing in that area and turning over rocks. i do not know if you have heard of hatsune miku, she is a virtual pop star who is a hologram and billions of people watch her. there is also little michaela on instagram, so there is things i am looking at and trying to figure out, what is the next pokemon go? how are we going to interface with our phones? how is augmented reality going to impact us? emily: you invested in uber. do you think scooters are the next big thing or not? cyan: my personal opinion is no, but i do think they are necessary for certain people. people are very happy about them and they are cost effective and an affordable way to get around town. emily: i have to ask you about elon, since you invested in spacex. it is tesla earnings day. t

his personal stake in pace x is -- spacex is valued at $16.6 billion.to tap into that any time soon? >> absolutely not. he's part of the extreme example of this wealth all being on paper. he's kind of gone out there publicly and said, hey, spacex is not going to go public until we start flying regularly to mars. who knows when that will be. in terms of sort of to reinsure investors, he's not really going to be able to monetize any of that stake at all. so then he obviously looks at tesla. he's saying he won't reduce his stake at all. so he could be a $25 billion guy, but actually pretty cash poor. selina: there is a rule change that they've considered in congress that would allow some of these big-time unicorns to sort of gauge big-time investor interest before taking the plunge at the public markets. what impact do you think that's going to have? will we see more i.p.o.'s as a result of this? >> i think it's really interesting. you should come out today and you suspect it probably will. because it has a bit more certainty about the kind of valuations t

if you look at elon musk and spacex and tesla, although spacex is where most of his wealth is, they arethat company will not go public until they're going back and forth to mars so he has some time and he is distracted by tesla. wealth so is paper you actually have to go public to cash out. david: a wealthy person says he does not count it until he is cashed out and he has pay taxes. alix: they are very far from that. that is fun is san francisco's sec office is going to start investigating tesla and elon musk, also yahoo!. jason: this is a busy group. you feel like if you are at the sec you think this is going to be an easy job living in san francisco not in the rat race of d.c. this has been intense because of elizabeth holmes at theranos is under investigation. andaba under investigation this tesla inquiry is no joke. david: those stories are interconnected. it is being created in silicon valley. not have people who do a lot of experience dealing with adversity or public companies, you have people make mistakes. we will see where this investigation goes but as the story has gone on i

last friday nasa introduced the next generation of astronaut s for its commercial program with both spacexing on board to fly u.s. astronauts on board private , not russian rockets. what do you make of this new generation of space cowboys and not just the astronauts but you've got elon musk of spacex, jeff bezos, richard branson and we were all over that news by the way on friday and i got absolutely killed by the astro fans in the twitterverse when i sent out a tweet that mentioned trump space force in the same sentence, heck even nasa replied to my tweet. everybody yelling that the two are not the same thing liz how could you even say that which we knew but do you think the research and development that comes out of commercial-manned missions will one day lead to additional government contracts and advancements that in some way might share in a military space force or was i completely wrong on that? >> oh, no not wrong at all. in fact the innovation that goes on in the commercial sector which we're seeing for this astronaut transport job to the space station that low cost launch capabili

spacex and also tesla. and tesla is making slowly inroads into, as i said, the automobile manufacturing business which is a very difficult business inherently to make inroads into. so it's very impressive. you start out with a ceo who has his own financial backing in that he's a billionaire. and this marks a contrast from some of the other mavericks that we looked at. so that's one plausible reason why tesla seems to be -- seems to be holding its own so far. what are some other reasons? tesla's stock is doing very well. what are some other possible reasons to explain why tesla has not gone the way of tucker and delorean? at least not yet. any other ideas? what about the nature of the car? what powers tesla? gasoline, diesel? ryan. >> it's an electric car so that just makes it much different and in a way more appealing to consumers with a taste for the future who want something different not just like gasoline vehicles for the last century plus that have been what we've been using. >> yeah, excellent. i mean

already doing that with spacex investments. another follow up with a twitter user out there saying would tesla shareholders be able to participate? absolutely and super appreciative of tesla shareholders will ensure their prosperity in any scenario at that point 2:08 p.m. eastern time is when trading was halted for an official news pending announcement from tesla. 2:13 p.m. he comes out and says again shareholders could either sell at $420 or hold shares and go private i would also point this out in just the last couple of moments or so another tweet came out with elon musk saying in response to a question saying basically, yes, liquidity events would be limited like in spacex if the question was could we still invest in tesla once it goes private yes, musk says, but liquidity would be limited to every six months or so 2:08 p.m. eastern time the last time they put shares in trading out there. elon musk just tweeting out a response we will tell you when this story comes to a head when the actual announcement comes up. but let's

we spoke with one of their more recent partners and an early uber and spacex investor.ginally, the goal is to have it in every home. to begin with, it will be the person who buys a peloton, who really cares a lot about personal fitness, so the price point is higher to start off with. emily: it is $1300 and a scale is more like $20. cyan: you think of televisions, when they first started out, they were $23,000 for flatscreen tv's. if you are a pioneer in the space and someone who is an early adopter, you are paying more, but eventually we can drive the price down the scale. emily: how does the technology actually work? cyan: it has sensors that do depth reading. and so when you stand on the scale and put your arms up -- have you tried it? emily: i have not. i will take one. cyan: i highly recommend it. i will try to hook you up with doing one. you basically stand on the pedestal, the pedestal turns around. afterwards, in about a minute you get what looks like a silver surfer image of yourself, a flattened out image, and you can see a 3-d model of yourself. emily: so talk

spacex seems to be the template of what you would like to do. i think the question is also, what are the limits of the big shareholders in terms of their ability to go private. he is a very determined guy, and he has made his intentions public. there will be a huge agar on his face -- huge egg on his face if he cannot figure it out. emily: have you spoke to any current tesla employees about how they feel about this? are they upset they could lose their for stability around liquidity? dana: i think people want to know what it means in terms of their stock options. you have our issues, options, investing in trenches, how will that change. spacex is a popular program where employees do have options that trade on the secondary market. they are able to sell them during different liquidity events. i do not think people are in a panic, but i think the whole go private timeline is in the air and people want to know what it will mean for them. for tesla employees, stock compensation is a big part of their overall package. the bay area is a good place to

it is the first time that spacex reused one of the boosters. they are designed to make 100 trips to space and back. >>> also new this morning, dra mat k new video showing the quick and sudden damage from hail. >> several people at the colorado zoo got hurt when this happened. five went to the hospital and 11 others needed treatment at the zoo. it was softball sized hail. >> thankfully we don't have anything like that going on. we are starting off with cloudy skies. here is a live look outside. getting ready for national night out. we'll have warm weather. as we step out the door we are in the 60s and low 70s. up to 90 by 4:00 today. if you're making plans to go for a run start out early. upper 60s by 8:00 and then low 80s by 11:00. we'll be up to 88 degrees. we'll reach up to 98 today and 87 today in san jose. it's cool in san francisco, 68 degrees. we have a look at the morning commute and things are looking good. >> looking good but we do have minor slowing. you can see it isn't doing too bad. i did check up on reports. i'm not seeing reports

million.ny raised $14 in early uber and spacex investor joins us now. to have you on the show. is this something you imagine someone would have in their homes like a scale or is this a more niche case? >> originally, the case would have it in your home. the person who cares a lot about personal fitness and so the price point is higher -- this goes for who cares a lot about personal fitness and so the price point is high. when television's first started out, they were $23,000 for the five screen tv. eventually, we can drive the price down the scale. emily: how does the technology work? >> it has centers that do depth reading. when you stand on the scale and for your arms out -- have you tried it? emily: i have not. we would love to. >> you basically stand on the pedestal and it turned around. in a minute, you get about what looks like a solar server image of yourself. you are able to see a 3-d model of yourself. emily: talk to me about the potential here, the kinds of information this can give you and how it might change your life or how you live it. >>

emily: i have to ask you about elon because you invested in spacex.s it concern you that he is running to companies, has a lot of side projects, tweeting all the time including now, this that concern you as an investor from an execution perspective? >> we are pretty bullish on the -- on elon. it is a lot to take on and i think he can show -- he has shown that he can do it. i do not speak to him on a day-to-day basis so i do not know all of what he is doing. emily: what about bitcoin? it has been an unusual turn in the venture in general. do you think that -- are you still bullish and do you expect to make more investments they are given the volatility in price? i know everybody is excited about blockchain, but let's talk about value. >> as a team, we're still bullish. i'm personally also still bullish. i hold on for dear life. as for value, is extremely valuable. it is not the best way to transact, so i think there will be other different currencies better for that, but it is good for stored value. emily: a lot was talked about when peter teal backed

you backed uber and spacex. what are the big major trends now?w what i'm personally passionate about. i do not know that i follow the market. i am passionate about the future of entertainment, so i have been doing a lot of investing in that area and turning over rocks. i do not know if you have heard who is artual pop star hologram and billions of people watcher. onre is also michaela instagram, so there is things i am looking at and trying to figure out, what is the next pokemon go? how will we interface with our phones? how well augmented reality impact us? emily: do you think scooters are the next big thing or not? cyan: my personal opinion is no, but they -- i think they are necessary for certain people. people are very happy about them and their cost effective and affordable. emily: since you invested in spacex, it is tesla earnings day . the founders fund backed tesla. does it concern you that he is running two companies, he has a lot of side products -- projects , he is tweeting all along? is that concern you from an executive -- execution