Elon Musk, the chairman of SolarCity (SCTY and CEO of Tesla Motors (TSLA - Get Report) , has another company to take up his time: SpaceX. Although SpaceX is a private company, it still garners a lot of news, and not all of it good.
Case in point: the Sept. 1 explosion of one of its rockets on the launch pad at Cape Canaveral in Florida.
The ensuing investigation has not led to many explanations as to why the rocket suddenly exploded. Musk to took to Twitter, calling the explosion the "most difficult and complex failure we have ever had in 14 years."
Musk added that the "engines were not on and there was no apparent heat source." SpaceX asked the public to send any photos or videos of the explosion to the company in order to aid in the investigation.
Theories on why the rocket blew up range from a simple engineering flaw to fly-by sabotage. Strange as this may sound, the sabotage idea is being fueled by inconclusive video that appears to show an object hurtling past the rocket at around the 10-second mark.
Although not evident in the linked video, Musk cited a "bang" sound in his tweet. At some point we'll learn the source because the truth is out there.
Shares of Samsung (SSNLF were hitting new all-time highs just last month. However, the company suffered a major blow on reports over the company's new Galaxy Note 7 smartphone. Like that SpaceX rocket, your phone could catch fire.
As a result, Samsung recalled and halted sales of the device. This is terrible news for a company looking to gain traction headed into the holiday season and at a time where Apple (AAPL - Get Report) is getting a lot of hoopla over its recently launched iPhone 7.
As if that wasn't enough, the Federal Aviation Agency Administration warned passengers not to use the faulty Samsung devices on planes or pack them in their checked luggage.
Will loyal Samsung users wait for the fix or will they jump ship to another manufacturer? Will the impact be short term or hit Samsung for a longer period of time? Both are yet to be determined.
Speaking of Apple's new iPhone 7 and 7 Plus, one of the most noteworthy features is the lack of a headphone jack. Customers will receive a headphone adapter that will connect their current wired headphones into the device's lightning charging port. But were there other motivations?
The company cited "courage" as its motive to remove the jack, but profits probably didn't hurt the thesis.
Apple's largest acquisition was of headphone-producer Beats for some $3 billion in 2014. Beats has the highest revenue in the Bluetooth headphones market and that likely encouraged Apple to go through with its removal of the port. The company also created Apple AirPods, which are $159 wireless ear buds for users.
Without Beats' technology, perhaps the device wouldn't have been achieved.
The company is hoping the convenience of the AirPods combined with the lack of a headphone jack will boost sales of the new device. Just don't lose an earpiece for the pricey device.
Shares of Apple closed at $103.13 Friday, down 2.3%.