By Jonathan Stempel NEW YORK (Reuters) -JPMorgan Chase has been fined $4 million by the U.S. Securities and Exchange Commission

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Elon Musk's SpaceX company have once again attempted to launch the world's biggest rocket, Starship, but lost contact within eight minutes of takeoff. The launch from site near Boca Chica in Texas, east of Brownsville, did see the rocket reach space for the first time but despite its super heavy booster still experienced what is called "a rapid unscheduled disassembly" - or to put it bluntly - it blew up. SpaceX's livestream host John Insprucker said during the broadcast: "We have lost the data from the second stage... we think we may have lost the second stage." Despite losing the rocket and the obvious explosion the launch has still been hailed as a success by SpaceX and far more progress was made then the first test that they carried out in April, when another 'rapid unschedueled disassmbly' occured. Although it went well from SpaceX and Elon Musk's perspective people couldn't help but be amused by the use of the 'rapid unschedueld disassembly' terminology, with many mocking Musk himself. Meanwhile, Musk is facing his own problems on X/Twitter after it was discovered that the platform had helped promote pro-Nazi and anti-semitic material alongside big name advertisers on the site. This prompted IBM, one of the biggest brands on X/Twitter, to pull all the adverts from the site. In response Musk has threatened to drop a 'thermonuclear lawsuit' on US media watchdog, Media Matters, who had released the damaging data. Sign up to our new free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

The Media tycoon Rupert Murdoch is set to retire as chairman of his Fox and News Corp businesses and no one could resist making Succession memes and jokes. The Australian businessman is set to be replaced in the role at both companies by his son Lachlan Murdoch. The change of leadership will take place following the companies’ annual meeting in mid-November. Lachlan Murdoch said: “On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. “We are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.” The highly popular TV show, Succession, which came to an end earlier this year was not so subtly inspired by the Murdoch family Things didn't end so well for the Roy family in that particular saga and given the parallels with the Murdoch family the Succession memes were soon trending on X/Twitter. Additional reporting by PA. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.