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Daily Archives: April 23, 2021
To infinity and beyond: the false promise of space – The Michigan Daily
Posted: April 23, 2021 at 12:32 pm
Ill be honest, Ive never understood the hype around space. While everyone in kindergarten ran around saying that they wanted to be the president or an astronaut, I sat quietly, ashamed that I aspired to be a teacher. Our dreams have inevitably changed since then, and as a third-year Business student, I like many of my peers dont really know what I want to be. What I do know is that I still dont want to be an astronaut; my sensitive stomach can barely handle a midnight Taco Bell run.
However, for those interested in space travel, the job market has never been better. We are amid a space travel renaissance, fueled by the rise of commercial players like SpaceX, Blue Origin and many small competitors with big ideas that receive NASA seed funding. And, with the Perseverance rover recently landing on Mars and NASAs modern moon mission, Project Artemis, in the works, there are billions of dollars in government contracts available. This points to promising futures for aerospace engineers looking to make their marks at companies like Lockheed Martin or Boeing. The excitement has even spread to the military ranks, as repeated calls for the next class of astronauts have amplified.
And you know that where there is excitement, there is money; and where there is money, there are Wall Street investors ready to lose it. Enter: Virgin Galactic.
In 2004, Virgin Galactic was founded as an extension of the Virgin Group, funded by British billionaire Richard Branson, with the mission of fulfilling the long-awaited fantasy of consumer space travel. They initially predicted that they would make history by 2009, taking customers on space flights. However, the company took until 2019 to actually make history, but it wasnt by being successful in their mission. In fact, they were quite far from it, coming off of several failed space flights despite Bransons repeated bullish predictions. Instead, they made their mark by becoming the first publicly traded space company through a merger with a special purpose acquisition company, usually referred to as a SPAC.
Essentially, a SPAC is a company whose only purpose is to raise capital through an initial public offering in order to acquire an existing company. After the acquisition, the SPAC serves as the stock market stand-in for the merged company it holds. Since 2019, Virgin Galactic Holdings Incorporated (NYSE: SPCE) has been through a long, hard ride, seeing the stock tumble as low as $14.21 per share and peak as high as $62.80 per share within the last year.
The stock price has consistently declined since mid-February when the company reported negative earnings per share for the second quarter in a row and had no revenue in the second or third quarters of fiscal year 2020. In addition, the operations schedule was delayed by the pandemic and, despite releasing a shiny new spaceplane, they have grounded all test flights until May due to safety concerns. Now, analysts anticipate that the company will report negative earnings per share in the first fiscal quarter of 2021 and $1.8 million in revenue, which compared to the companys $6.85 billion valuation is disappointing at best.
That said, analysts also anticipate that the companys revenue will increase thirty-fold this year, reaching $20.7 million still not enough to justify their astronomical valuation. However, this type of projection is exactly the issue at hand, as just a reminder this company has never once turned a profit. Their current capabilities also show no signs that they could reach commercial space flight or obtain more government contracts by the end of the year.
Now, this is not just an issue with Virgin Galactic. The issue is a systemic failure in our market economy due to one fundamental problem: Investors, generally, are not scientists or engineers.
Thus, there is often a large information gap that incentivizes commercial space companies to make bold, unrealistic predictions and blame the science when they inevitably miss their financial targets, even when the issue is poor management. Then, investors are unable to properly identify the source of the problem because of the information shield that SPACs give companies. Therefore, stock prices and valuations still surge despite shambolic underlying financial performance and shaky if not fraudulent scientific data.
This kind of virtuous cycle is the foundation for market bubbles, like those in housing and technology in the 2000s. However, due to the markets recent instability with the GameStop fiasco and cryptocurrency craze, it is obvious that the modern stock market has become somewhat divorced from reality, which should scare us all.
We are reaching a point of unprecedented market uncertainty, where, instead of relying on underlying financials and economics, our market is fueled by emotions and liquidity both of which are currently promising because of Congress unprecedented spending and our increasing mass vaccination push. However, when Congress stops spending like a college student at Ragstock the day before Halloween or our national mood sours, the market may correct itself. That spells dire trouble for ordinary folks college and retirement funds, and it is fundamentally unfair that Wall Streets crazes might once again hit the folks on Main Street.
But, hey, maybe well have the chance to form a functioning market at Elon Musks moon colony.
Keith Johnstone is an Opinion Columnist and can be reached at keithja@umich.edu.
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How Stowaway Solves a 67-Year Old Sci-Fi Problem – Observer
Posted: at 12:32 pm
Tom Godwins story The Cold Equations infamously uses hard science and the unwavering laws of man and physics to punish a female interloper. The new Netflix film Stowaway takes the storys basic premise and rewires its mechanism. Women become heroes rather than victims, and even the most unwavering equations can result in different answers, if you have the heart for it.
The Cold Equations originally appeared in the August 1954 issue of John W. Campbells Astounding Science Fiction. The main character, Barton, is piloting a tiny Emergency Dispatch Ship (EDS) to the frontier planet Woden to deliver medicine to treat a dangerous fever outbreak in the colony. He discovers a stowaway named Marilyn who is trying to visit her brother Gerry on the planet. Marilyn thought shed just have to pay a fine, but the punishment for stowing away is death: It was the law and there could be no appeal. The EDS doesnt carry enough fuel to make the run with the extra weight; the universe says Marilyn must die or the colonists will perish for lack of medicine. Existence required order, and there was order; the laws of nature, irrevocable and immutable, Barton muses, with steely self-justification.
Existence required order, and there was order; the laws of nature, irrevocable and immutable.
Many readers and writers have been unimpressed with both the steeliness and the self-justification. Godwin himself wasnt sold on it; he kept trying to find ways to save the girl in his story. But editor Campbell a conservative sexist crank who wanted to use the story to prove that human sacrifice was justified in some situations insisted that she had to die in the end. Critic and engineer Gary Westfahl found the story enormously frustrating, arguing that no ship would be built with such a small margin for error; the story, he said, was good physics but bad engineering. Science-fiction writer Cory Doctorow added that The Cold Equations is a story designed to excuse the ships operators from the executives to ground control to the pilot for standardizing on a spaceship with no margin of safety.
STOWAWAY (3/4 stars)Directed by: Joe PennaWritten by: Joe Penna, Ryan MorrisonStarring: Anna Kendrick, Toni Collette, Shamier Anderson, Daniel Dae KimRunning time: 116 mins.
Director and writer Joe Penna is a lot more careful in constructing the plot mechanisms of Stowaway. The movie is set in the near future, on a three-person rocket headed to Mars. Shortly after takeoff, commander Marina Barnett (Toni Collette) discovers that Michael Adams (Shamier Anderson), a launch plan engineer, accidentally stayed on the ship after takeoff. That in itself wouldnt cause a crisis, but during launch his presence damaged the carbon dioxide scrubber. The ship has enough fuel to get to Mars, but not enough air.
In The Cold Equations, the murder of Marilyn is blamed on the universe itself. Stowaway, in contrast, sees the encroaching tragedy as the result of not the laws of physics, but of simple bad luck and human error. The rocket ship was originally only designed for two people; by adding a third to the original crew, mission control narrowed their margin of error dangerously. Even so, there are options. Biologist Daniel Kim (David Kim) tries to use algae to recycle some carbon dioxide. Medical researcher Zoe Levenson (Anna Kendrick) suggests doing a space-walk to try to tap liquid oxygen which may not have all been used up in the ships launch. These are risky options, but theyre not automatically doomed to failure. Acquiescing to physics is a choice, not a necessity.
Zoe, in particular, insists that they keep trying to find a way to save Michael until theyve absolutely run out of time. She effectively becomes the hero of the story. Thats an essential, and probably intentional, change from The Cold Equations, which frames its female character as ignorant victim. Campbell and Godwin engineered their plot to illustrate the brutal toughness and manliness of hard science-fiction. The protagonist shows his unyielding allegiance to Science by throwing womanly innocence and affective gush out of the airlock.
In Stowaway, though, the commander of the vessel is a woman, the stowaway is a man, and Zoe is the main character and protagonist. More, she emerges as the most physically competent person on the ship. That isnt to say shes an action hero like Wonder Woman or Sarah Connor. But she is young and fit and happens to be more capable than both of the men in performing certain tasks. Michaels been injured and doesnt have a lot of necessary training, while Daniel has problems with vertigo which are exacerbated on space walks.
Godwins female stowaway is motivated by her desire to be with her family; shes doomed by love, which cant stand against the power of Physics. In contrast, Zoe in Stowaway is the character who most insists on the value of empathy, and the one who is, at least in certain contexts, the strongest. Empathy and compassion arent vulnerabilities in this narrative. Theyre resources, with which you can defy the cold cosmos though not without cost.
Stowaway is a very small-scale space movie. There are only four actors, no aliens, no laser battles and minimal special effects. A broken hand or a vat of algae changing color qualify as suspenseful plot twists. The small cast and the cramped setting are meant to create a sense of limited options in a universe with few escape hatches. But where Godwin and Campbell are smugly satisfied with the construction of their death trap, Stowaway insists that there are possible paths out of even the most claustrophobic destiny, if you have the courage and love to see them. Its not exactly a happy movie. But its not a cold one, either.
Stowaway will be available to stream on Netflix on April 22.
Observer Reviews are regular assessments of new and noteworthy cinema.
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SpaceX Launches Crewed Rocket Into Space in Latest NASA Mission – The Wall Street Journal
Posted: at 12:31 pm
Elon Musks SpaceX launched its third crewed rocket for NASA, sending a further four astronauts into orbit and marking the first time the company achieved the takeoff with both a pre-used capsule and rocket.
The Falcon 9 rocket lifted off at 5:49 a.m. ETwith a low rumble and leaving behind a trail of fire and smoke in the predawn darknessfrom NASAs Kennedy Space Center at Cape Canaveral, Fla. It is set to autonomously dock with the International Space Station roughly 24 hours later, joining an earlier group of four astronauts who traveled there on SpaceXs first operational mission in November and three others also on board.
The launch marks a number of firsts for SpaceX. It is the first time that two of the companys Crew Dragon capsules will be simultaneously docked at the ISS. It is also the first time the rocket has carried two international partners, Japan Aerospace Exploration Agencys Akihiko Hoshide and Frenchman Thomas Pesquet from the European Space Agency. They join Americans Shane Kimbrough, the missions commander, and Megan McArthur, the spacecrafts pilot. The crew will be stationed at the space station for a six-month mission.
Another first: Both the rocket and capsule used in Fridays launch were reused from earlier launches. The rocket was previously used in the first operational launch in November, and the capsule comes from Mays test launch. The mission, code named Crew-2, originally scheduled for Thursday, had been postponed due to poor weather conditions along the flight path.
The Falcon 9 left its launchpad two seconds past 5:49 a.m., providing 1.7 million pounds of thrust and accelerating the capsule across the morning sky and reaching a velocity of close to 17,000 miles an hour. Roughly 12 minutes later, the capsule safely separated from the rockets upper stage, ground controllers said.
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ARKX: ARK Space Exploration & Innovation Is Another Bet on Cathie Wood – Investorplace.com
Posted: at 12:31 pm
The latest ARK Invest Fund, the ARK Space Exploration & Innovation ETF (NYSEARCA:ARKX), is a pure play on Cathie Wood.
Source: Shutterstock
I call Wood the tech whisperer, thanks to the success of funds like ARK Innovation (NYSEARCA:ARKK), up 140% over the last year. Woods investment thesis is that she picks disruptive tech companies that can outperform the market, or even the tech sector.
This thesis makes sense to me. Knowing where technology is going, and getting out ahead of it, has given me a million-dollar retirement. But no thesis works forever, especially if everyone piles into it. If everyone has bought, theres no place to go but down.
So, whats the deal with this latest ARK fund?
ARK Space Exploration and Innovation is an exchange-traded fund, meaning you can buy it or sell it like a stock. Unlike market index funds like Vanguard Total Income (NYSEARCA:VTI), ARK funds are actively managed. In this way ARKX stock is a throwback to the old days of stock picking by professionals.
ARKX has been trading for less than a month, so its hard to generalize its performance. So far, its up 1% while the general market is up 5%. It was due to open for trade April 22 at $20.56, 6 cents above the offering price. Net assets are just $63.3 million, and the expense ratio is 0.75%.
The problem for the fund, as our Wayne Duggan wrote recently, is that there arent any true space exploration stocks. SpaceX is still private. Other space launch companies are highly diversified.
This is where the & Innovation part of the name comes into play. As of April 22, ARKX lists investments in 40 companies, few of which have anything to do with space. About 4.89% of the fund was in JD.Com (NASDAQ:JD), a Chinese e-commerce company that I own and like. But shipping with drones to remote Chinese villages, or fancy Shanghai restaurants, does not a space company make.
Of 40 holdings in the ARKX portfolio, I own shares in four. In addition to JD.Com, these are Amazon(NASDAQ:AMZN), Nvidia (NASDAQ:NVDA) and Alibaba Group Holding (NYSE:BABA).
Duggans criticism of the current holdings is based on Trimble (NASDAQ:TRMB), a 43-year old company that is ARKX largest holding, with a share of 8.92%. Trimble is also a big holding with the The 3D Printing ETF (NYSEARCA:PRNT), which is ARKX second-largest holding with 5.99%.
Trimble is mainly a satellite navigation company. It was called Trimble Navigation until 2016. The new CEO, Robert Painter, had been chief financial officer until last year and has been with Trimble about 15 years. He recently sold almost $560,000 in Trimble shares.I see no problem with any of that. Satellite-based navigation makes sense as an ARKX holding. Trimble stock is up 150% over the last year. The market cap is $20.3 billion. Even CEOs must eat.
My problem is that this is mostly a defense fund. Kratos Defense and Security Solutions (NASDAQ:KTOS), L3Harris Technologies (NYSE:LHS), Lockheed Martin (NYSE:LMT), and Boeing (NYSE:BA) are all big defense contractors among the 10 largest holdings. Then there are some true outliers. Whats Deere (NYSE:DE) doing here. Uh, Netflix (NASDAQ:NFLX)?
In the end whats in the ARKX stock portfolio right now is irrelevant.
Buying this fund means buying Wood and her team. Youre buying their strategies. Youre buying their trading savvy. I doubt half the current holdings will be in the fund a year from now.
ARKX is an active trading fund that depends for its success on the people running it. If you believe Wood and her team can find you stocks that benefit from space, buy it. Youre getting in on the ground floor.
At the time of publication, Dana Blankenhorn directly owned shares in VTI, JD, BABA, AMZN and NVDA.
Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technologys Big Bang: Yesterday, Today and Tomorrow with Moores Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack newsletter.
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NASAs Ingenuity helicopter flight on Mars opens up new frontiers in space exploration – The Conversation US
Posted: at 12:31 pm
History has been made on Mars: NASAs Ingenuity helicopter just achieved the first powered and controlled flight on another planet. Ingenuity is a small, lightweight, drone-like helicopter that was carried on the Perseverance rover. They launched from Earth together in July 2020 and landed on Mars on Feb. 19, 2021.
Ingenuitys sole mission is to demonstrate that flight on another planet is feasible. In the early morning of April 19, Ingenuity spun up its rotors, climbed to a height of three metres where it hovered for about 30 seconds, performing a rotation while doing so, and then safely landed back on the surface of Mars.
And just like that, humans can now fly on other planets. This technological demonstration will help scientists create new missions to Mars and other places in the solar system using not just rovers, but helicopters as well.
Whether youre on Earth or Mars, in order to achieve flight, you need to generate lift. An aircraft does this by forcing air to move around its wings or rotors. The amount of lift generated is related to how fast the air is moving over the wings, and how dense the air is. If the air is very dense, it will generate more lift at a given airspeed than if it was less dense; the less atmosphere, the lower the force of lift generated.
On Mars, the atmosphere is just one per cent the pressure of Earths, which makes generating lift much more difficult. The surface gravity on Mars is about 40 per cent of Earths. These conditions, and more, were painstakingly tested on Earth before launching to Mars.
NASA engineers designed Ingenuity with this in mind. Its rotor blades are 1.2 metres long. That is very large in comparison to its mass, which is just 1.8 kilograms (roughly the weight of a laptop). The rotors also spin much faster than would be required on Earth to lift the same amount of mass.
At the time of Ingenuitys groundbreaking flight, Mars was about 290 million kilometres away from Earth. At that distance, it takes light and thus, communications about 16 minutes to get to Mars, and another 16 minutes to get back to us. This delay makes it impossible to have a human fly the helicopter live, because any command you give Ingenuity is going to take 16 minutes before it gets there, and by that time, the helicopter could be face down in the dirt.
That means Ingenuity needs to be able to make flight decisions on its own. When Ingenuity spins up its rotors and starts to lift off from the ground, it must react to wind gusts, temperature changes or any other random environmental concern in order to achieve a successful flight.
Ingenuity was deployed to the surface of Mars by Perseverance on April 3, where it performed its first technological demonstration: surviving the night. The temperature on Mars can plunge to -80C at night; the helicopter needed to prove its on-board battery and heating systems were up to the challenge.
Next, Ingenuity performed a variety of pre-flight tests to evaluate all the systems and ensure flight readiness. However, during a high-speed spin test on April 9, Ingenuitys computer systems identified a possible problem and shut the helicopter off. Ingenuity sent back data, and NASA engineers determined that a software fix was needed. Shortly thereafter, the helicopter performed and completed the high-speed spin test.
Now that Ingenuity has proven that it can fly, it will be directed to do a few more test flights before its mission ends. In some of these flights, Ingenuity could fly over 300 metres in distance.
Achieving flight on another planet means that our approach to planetary exploration will change. When we first started exploring Mars, we used landers that are unable to move after theyve landed. Then in 1997, the Pathfinder mission deployed the Sojourner rover, a technological demonstration of roving capabilities (and awesomely featured in the feature film The Martian). The success of the Sojourner rover was later seen in the deployment of the twin Spirit and Opportunity rovers, and more recently in Curiosity and Perseverance.
Now, with the success of Ingenuity, what will Mars exploration look like moving forward? Helicopters will be able to study locations that even rovers cannot, like the side of a cliff, up a particularly steep hill, or within a field of really large rocks that the rover cannot navigate. A helicopter will be able to go much farther than the tens of kilometres a rover can.
With helicopter missions, scientists will be able to cover hundreds of kilometres of Martian surface. With that type of capability, our understanding of Mars will grow.
And its not just limited to Mars. At this moment, a mission to Saturns largest moon Titan is currently being developed. It is called Dragonfly and will launch towards Titan in 2026 or 2027.
Titan has an atmosphere that is about 60 per cent thicker than Earths. Using four rotors, Dragonfly will be the first science mission to use flight as its primary mode of transportation. It will fly across Titan learning about its chemistry and possible habitability.
What Ingenuity is doing right now will help inform the engineers of Dragonfly how to build their spacecraft. Its incredible to see how much technology has changed in just over a century. What will the next century look like?
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Nasa flies Ingenuity helicopter on Mars in ‘Wright brothers moment’ which could revolutionise space exploration – The Telegraph
Posted: at 12:31 pm
"A whole new way to explore the alien terrain in our solar system is now at our disposal," said Nottingham Trent University astronomer Daniel Brown.
This first test flight - with more to come by Ingenuity - holds great promise.
Up to five increasingly ambitious flights are planned, and they could lead the way to a fleet of Martian drones in decades to come, providing aerial views, transporting packages and serving as lookouts for human crews. On Earth, the technology could enable helicopters to reach new heights, doing things like more easily navigating the Himalayas.
Ingenuity's team has until the beginning of May to complete the test flights so that the rover can get on with its main mission: collecting rock samples that could hold evidence of past Martian life, for return to Earth a decade from now.
The team plans to test the helicopter's limits, possibly even wrecking the craft, leaving it to rest in place forever, having sent its data back home.
Nasa is planning a second flight for the helicopter on Thursday. The helicopter is fitted with two microphones and the plan is to record sound on one of the later flights.
Dr Bob Balaram, Ingenuity's chief engineer, said that this could open the door for similar flightattempts in the future on Venus and Titan, the largest moon of Saturn.
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Sound the Alarm: Extended Space Missions Will Impact Astronauts’ Mental Health – autoevolution
Posted: at 12:31 pm
We already know that space missions impact the astronauts involved in a myriad of ways. From the physical challenges (loss of bone density, changes in the muscular system or the heart) to the mental ones, these side-effects of spending extended periods in space have been studied before. A new study takes the spotlight and shines it brightly on the impact on mental health.
The conclusion is not exactly a cheering one.
With humanity getting ready to send the first manned mission to Mars and, sometime in the near future (hopefully), to colonize the Red Planet, its about time the human costs of space exploration were considered. The first colonizers will be up for the biggest challenge ever, in the most literal sense. If the journey to Mars or landing on the planet doesnt kill them, if they survive the waves of radiation and the hostile environment, they still have a huge hurdle ahead: themselves.
Lack of gravity, lack of privacy, lack of a regular day-cycle, the inescapable routine of everyday life, living in a confined but crowded space, the cold, and the hostile environment. All these will play a role in ultimately altering the mental health of the astronauts, with potentially disastrous consequences for one or more members of the team.
In order to predict the kind of psychological toll space exploration will have on astronauts, a team of researchers conducted a 9-month study on personnel at research centers in Antarctica: two of them, to be more precise, one situated inland and a coastal one. Though theyre still on Earth, these researchers experience similar conditions as astronauts, minus the lack of gravity.
The conclusion was that longer missions inevitably lead to a decline in positive emotions. Not only that, but participants in the study expressed less interest in self-regulating these negative emotions as time went by and manifested physical ailments. Put simply, without a protocol in place for these situations, they can only go from bad to worse.
The study was led by psychologist Candice Alfano, director of the University of Houstons Sleep and Anxiety Center, and her team, who developed a self-reporting diagnostic called Mental Health Checklist (MHCL). It allowed to track participants mental well-being, monitor their level of stress hormones, and provide a presumably accurate description of what will happen on space missions.
During the study, participants expressed decreased levels of feel-good emotions, such as awe, satisfaction, and inspiration, essential for surviving in high-stress scenarios. At points, they showed clear symptoms of depression and anxiety, heightened by and directly related to increasing complaints about their physical health.
Perhaps even worse, even as they approached the date for the return home, they failed to show any improvementor what is known as the third-quarter effect. At the same time, the longer the mission, the fewer the attempts to regulate negative emotions and enforce positive ones.
That sounds very bleak for todays researchers at Antarctica and tomorrows astronauts on Mars. The upside is that this can and should be countered with effective measures that will mitigate some of these potentially devastating effects.
Interventions and counter measures aimed at enhancing positive emotions may, therefore, be critical in reducing psychological risk in extreme settings, Alfano writes in the study.
Sure, on the face of it, were all tough it out, you can do it, and theres still plenty of stigma surrounding mental health in many aspects of our life. But with space exploration, if not with anything else, thats not the kind of risk you want to take.
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Russia plans to leave the ISS project and build its own space station – PennLive
Posted: at 12:31 pm
One of the closest spheres of cooperation between Russia and the U.S. has been the International Space Station project. In November 2000, two Russian cosmonauts and one American astronaut arrived there in a Russian-built spacecraft.
Now, a report by the Guardian indicates that Russia has plans to leave the ISS project and build their own space station. The head of its Roscosmos space agency has said their goal is for an orbital launch by 2030, ending more than 20 years of close cooperation with the U.S. aboard the aging ISS. This is if President Vladimir Putin approves the plan.
If in 2030, in accordance with our plans, we can put it into orbit, it will be a colossal breakthrough, said Roscosmos chief Dmitry Rogozin. The will is there to take a new step in world manned space exploration.
Despite strained relations between Russia and the U.S. over human rights, cyberattacks and other issues, the ISS reportedly has been one of the closest spheres of cooperation between the two countries. Since 1998, Russian cosmonauts have collaborated with peers from the U.S. and 16 other countries for the ISS.
Yuri Borisov, the Russian Deputy Prime Minister, told Russian TV that Moscow would give notice to its partners that it would leave the ISS project from 2025 last weekend.
Since the Russian stations orbit path would expose it to a higher level of radiation, Rogozin said it most likely would not be permanently crewed, unlike the ISS. However in addition to visits by cosmonauts, it would use robots and artificial intelligence.
Rogozin said visits by foreign crews was something Russia was ready to consider, but the station must be national If you want to do well, do it yourself.
An unnamed source was quoted by Interfax saying, Russia planned to spend up to $6bn to get the project launched.
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Focus on fixing Earth before colonizing new planets – The Blue & Gray Press
Posted: at 12:31 pm
By CAMERON DELEAN
Staff Writer
With the recent advancements in space exploration, the question of whether or not we should be furthering our efforts to get to space has created some controversy. Some argue that our focus should be on remedying social and environmental issues on Earth before looking to expand our outreach, while others encourage the relentless pursuit of space exploration and colonization. However, it has become increasingly clear that we are better off first resolving our own planetary issues before we are ready to look elsewhere.
Federal funding for NASA has proven to be a significant expense. Some argue this is unnecessary, while others claim it is essential to developing our understanding of the universe.
The National Space Society, or NSS, makes strong points in favor of continuing NASAs efforts. Jeffrey G. Liss, from the NSS Board of Directors argues that going to space is a must and lists the benefits to pursuing space exploration and colonization in his article, WHY WE DO AND MUST GO INTO SPACE. Liss states that the space program pays for itself, that it opens up the opportunity to discover new resources and that colonizing other planets will help evolve society as a whole.
Liss also argues that the whole point of exploring other planets should be to colonize it, stating the ultimate purpose of going into space is to live and work there just as the ultimate purpose of exploring the New World was colonization and not merely to sit back on Earth and cogitate about what automated spacecraft report back.
The commentary given by Liss is problematic in its nature. The concept of colonization is outdated, and rather space exploration should be seen as an advancement for the entirety of the human race. Instead, it is viewed as a race to conquer and then profit off of new land, when we have yet to solve our own environmental and social dilemmas.
There are far too many issues here on Earth for us to fathom colonizing another planet. There is no way to develop a successful working society from scratch when there are already significant problems we have yet to solve on Earth. Fraser Cain, from Universe Today, discussed in an article, 7 Replies to Shouldnt We Fix the Earth First?, his reasons for hesitating on space exploration.
How about the whole world stops smoking, and we spend $20 billion on colonizing Mars and the other $730 billion on renewable fuels and cleaning up our negative impact on the environment, reducing poverty and giving people access to clean water? said Cain. This is a common argument that many have against continually funding NASA and entertaining the idea of colonizing other planets.
Everyone can recognize the importance of space exploration and can be excited by the idea of advancing technology for that purpose. However, many are also concerned about the state of our planet, and can recognize that our efforts should be directed at remedying the issues we are currently facing. Space exploration should be pursued, just not as aggressively as we should pursue environmental and social issues. It is essential that we learn how to care for our own planet and its inhabitants before we can even consider building societies on other places. If we are incapable of helping ourselves, how are we supposed to expand to an entirely different planet?
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SYPR Stock: The Big Government Deal That Has Space Stock Sypris Rocketing Higher – Investorplace.com
Posted: at 12:31 pm
Sypris Solutions (NASDAQ:SYPR) stock is rocketing higher on Friday following news of a space exploration deal with the U.S. Government.
This deal comes from a prime contractor of the U.S. Department of Defense. This will have Sypris Solutions manufacturing and testing of electronic assemblies that will be used in a government spacecraft program.
According to a news release, this spacecraft will be used for deep space exploration. The craft will be able to carry a crew and will also have to be able to reenter the Earths atmosphere after missions in space are complete.
So how far out is this spacecraft expected to travel? As far as Mars if things go well. The goal is to use it for missions to nearby asteroids, the Moon, and then eventually trips to Mars moons and the planet itself.
Jim Long, Vice President & General Manager of Sypris Electronics, said this about the news sending SYPR stock higher today.
Sypris has been manufacturing space electronic hardware for many years for top-tier instrumentation, satellite and spacecraft providers. The opportunity to continue and expand our participation on this program is a privilege for Sypris Electronics. Our customer is a leader in the space industry and we look forward to working closely with them to ensure that this mission-critical program is a success.
Sypris Solutions says that it expects to begin production of the parts for the spacecraft this year. It also doesnt disclose any of the terms of the deal, including financials.
SYPR stock was up 58.4% as of Friday morning and is up 204.8% since the start of the year.
Sypris Solutions isnt the only company seeing its stock rise higher today.
Several others are also seeing gains worth talking about. That includes Ocugen(NASDAQ:OCGN), C3.ai(NYSE:AI), and ION Geophysical Corporation (NYSE:IO). Investors can get up to speed on these stocks by checking out the following content from InvestorPlace.com.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
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