Sequestration Would `Devastate' U.S. Space Programs

May 3 (Bloomberg) -- Mission aborted? NASA Administrator Charles Bolden, in an exclusive interview on Bloomberg Government's "Capitol Gains", warns sequestration would "devastate" American space programs. Bolden says NASA's plan to ferry astronauts to the international space station aboard commercial spacecraft by 2017 would be in jeopardy, forcing the U.S. to continue to rely on Russia. Bolden also assesses the performance of SpaceX and Orbital Sciences, two of the companies that have jumped into the private space business. (Source: Bloomberg)
Uber Loses Money as It Grows
02:19 - Uber is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided to prospective investors. Bloomberg's Cory Johnson reports on "Bloomberg Markets." (Source: Bloomberg)
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