April 25, 2026

Capitalizations Index – B ∞/21M

Will Mysterious ‘Anomoly’ Foil Elon Musk’s Interstellar Dreams?

Will mysterious ‘anomoly’ foil elon musk’s interstellar dreams?

Will Mysterious ‘Anomoly’ Foil Elon Musk’s Interstellar Dreams?

Will mysterious ‘anomoly’ foil elon musk’s interstellar dreams?

By CCN: Tesla billionaire Elon Musk’s rocket company SpaceX suffered another setback when one of its Crew Dragon capsules encountered a mysterious “anomaly” during engine tests being carried out at the Cape Canaveral Air Force Station on April 20.

The SpaceX facility in Florida was covered in dense orange smoke, though the so-called anomaly was brought under control without any injuries, Reuters reports.

SpaceX Crew Dragon Capsule Encounters Mysterious ‘Anomaly’

SpaceX said in a statement:

“The initial tests completed successfully but the final test resulted in an anomaly on the test stand.”

Though it isn’t clear as to what caused the anomaly, an educated guess would suggest that something went wrong with the engine of the Crew Dragon spacecraft that’s being prepped to take NASA astronauts to the International Space Station (ISS) and back.

Of course, speculation about a potential engine fire remains just that, as both SpaceX and NASA have remained mum on the nature of the “anomaly.” Perhaps that’s because of the massive investment the space agency has made into the project.

Yet Another Blow to Tesla Founder’s Interstellar Dreams

Elon Musk is also facing troubles at Tesla, forcing him to put out fires on two fronts. | Source: DAVID MCNEW / AFP

NASA doled out a princely sum of $6.8 billion to Elon Musk’s SpaceX and Boeing five years ago. Musk received $2.6 billion of that grant. The companies are tasked with building capsules and rockets that will send astronauts into space from American soil.

That’s why any anomaly at SpaceX will be a big loss of face for NASA as astronauts Bob Behnken and Doug Hurley are set to take the first manned flight in July this year. Any more hiccups could blow up Elon Musk’s SpaceX ambitions into smoke as he is already a couple of years late from the 2017 deadline when the Crew Dragon was originally supposed to take flight.

NASA had to call out Musk and SpaceX earlier this year about safety concerns in its annual report. Reuters reported in February:

“For SpaceX, the report mentioned the redesign of a SpaceX rocket canister following a 2016 explosion and its “’oad and go’ process of fueling the rocket with the crew already inside the capsule.”

The annual report added  that SpaceX’s launch schedule faces “serious challenges.”

Elon Musk Forced to Fight Fires on Two Fronts

Nothing seems to be going in favor of the embattled Elon Musk. His electric car company Tesla faces an avalanche of problems from production to logistics, even as the company touts alleged advances in self-driving technology.

SpaceX isn’t in tip-top shape either, as Musk laid off 10% of its workforce in January. Around 600 employees lost their jobs as SpaceX decided to become a leaner company in a bid to lower costs and prepare for the challenges ahead.

The silver lining is that SpaceX has already beaten Boeing by successfully sending an unmanned capsule to the ISS in March this year that managed to return safely. But it is an entirely different ballgame when astronauts climb onboard.

Every facet of the spacecraft needs to be checked over and over again until the results are consistent. There should be no anomalies when human lives are at stake.

Published at Sun, 21 Apr 2019 20:15:56 +0000

Previous Article

Can Ethereum (ETH) And Most ERC20 Tokens Survive The Next Crash?

Next Article

Basic Attention Token [BAT] surges by 7% within an hour as community looks forward to the ads launch

You might be interested in …

Großbank veröffentlicht Blockchain-Projekt

BTC-ECHO Großbank veröffentlicht Blockchain-Projekt Die niederländische ING Groep hat ein Blockchain-Tool herausgegeben, das Kunden eine erhöhte Privatsphäre bescheren soll. Das Tool nennt sich Zero-Knowledge Set Membership und ist öffentlich frei zugänglich. Auch wenn Finanzinstitute für […]

Mining Max Pyramid Scheme Comes Crashing Down

The US-based mining platform, who cheated thousands of investors out of millions of dollars, now has to answer for their crimes after they were caught in South Korea.


The crypto industry has had its fair share of negative press over the years. However, its allure cannot be ignored. The fact that it continues to grow in price and popularity makes people want it even more. Based on its upward trajectory, who wouldn’t want a piece of bitcoin?

Money to Be Made From Mining

About 18,000 investors from over 54 countries turned to the Mining Max platform to help them capitalize on the crypto industry. The benefits they promised didn’t just stop at bitcoin though. According to the International Business Times, their high-performing mining farm in Seoul mined cryptocurrencies from different blockchains, supposedly giving these investors the option of putting their money on currencies that would offer higher returns.

About 14,000 investors are from South Korea. A total of 2,600 is from the US, 600 are from China and the rest are from Japan and other countries.

Classic Pyramid Scheme

Classic Pyramid Scheme

Stay Safe Online did a review article in June this year that not only detailed their tiered ROI structure but also raised the question of whether or not Mining Max was a scam.

Even though they promised these high returns based on their mining activities, the platform’s money was actually made through a pyramid scheme. Users would have to pay to become members and then were compensated for recruiting new business.

The cracks began to show when their mining endeavors failed to make enough money to pay their lower-level investors. According to Yonhap News Agency, those higher up on the food chain were paid with funds obtained through the scam, in addition to certain expensive items.

Fraud, Interpol, and a Cool $250 Million

Fraud, Interpol, and a Cool $250 Million

A total of 21 suspects were charged with fraud and violating South Korea’s law on door-to-door sales. Three other people with ties to the company, including Korean singer Park Jung-Woon, were charged with embezzlement but were not held.

Another seven co-conspirators, including Mining Max chairman, Daniel Park, its vice chairman and high-level investors have gone into hiding, but have been placed on one of Interpol’s wanted lists.

According to Yonhap, investors were scammed out of approximately $250 million, of which $80 million was spent on mining hardware. About $110 million is probably sitting in offshore accounts somewhere, while the remaining money was used to pay high-level investors, and of course, to line the pockets of the platform’s management team.

Do you think that we’ll be seeing more of these kinds of schemes as cryptocurrencies become more popular? Let us know in the comments below!


Images courtesy of AFP, Shutterstock

The post Mining Max Pyramid Scheme Comes Crashing Down appeared first on Bitcoinist.com.