60-Second Video: Check Out the FedEX for Space
- Ten years ago, Chinese internet giant Alibaba invented an online shopping holiday called Singles Day. It's worked out well for them. Yesterday, Singles day pulled in a record $30.7 billion. It took only 85 seconds for sales to hit the $1 billion mark.
- Watch out Elon Musk and Jeff Bezos, space startup Rocket Lab successfully had its first commercial launch on Sunday. The rocket, called the Electron, is about a quarter the size of SpaceX’s Falcon 9, and only cost $5.7 million. The plan is for Rocket Lab rockets to deliver weekly payloads of small satellites into orbit. CEO Peter Beck calls them FedEX for space.
- Today we observe Veterans Day. According to the SBA, there are 2.5 million veteran-owned businesses in America that employ over 5 million people. To all the vets out there, we're amazed by your success and thank you for your service!
Reminder: This Friday is our annual Entrepreneur Live! event, featuring an amazing array of guest speakers like Danica Patrick. It's sold out, but you can watch it streaming live on Entrepreneur's Facebook page starting at 10 AM ET on Friday, Nov.16.
Have a great day!
Watch the previous 3 Things to Know video: Samsung Folds, Musk Is Out, and Alexa Talks Turkey