60-Second Video: Check Out the FedEX for SpaceHere are three thing entrepreneurs should know today.

ByDan Bova

  1. Ten years ago, Chinese internet giantAlibabainvented 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 only85 seconds for sales to hit the $1 billion mark.
  2. Watch out Elon Musk and Jeff Bezos, space startupRocket Lab successfully had its first commercial launchon 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.
  3. Today we observe Veterans Day. According to theSBA, 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 onEntrepreneur's Facebook pagestarting 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

Wavy Line
Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim and Spy magazine. Check out his latesthumor books for kids, includingWendell the Werewolf,Road & Track Crew's Big & Fast Cars, andThe Big Little Book of Awesome Stuff.

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