Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Watching the <keyword id="19915128" type="General" weightage="20" keywordseo="Chandrayaan-3" source="keywords">Chandrayaan-3</keyword> lander complete its soft-landing on the far side of the Moon was undoubtedly one of the most proud moments for all Indians in 2023. And yet, we tend to forget that this was an achievement that was somehow completed with a budget less than that of some Bollywood movies. Thanks to monumental achievements such as Chandrayaan and Aditya-L1, in addition to increased government support and a surge in private sector involvement, India’s <keyword id="20242397" type="General" weightage="20" keywordseo="space-sector" source="keywords">space sector</keyword> has been rapidly evolving. However, a defining theme of all the past successful missions in the space sector for <keyword id="19915124" type="General" weightage="20" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="261" meta.entityid="ISRO">ISRO</keyword> has been its ability to achieve them in the most economical way possible, often at one-tenth of the cost compared to its western counterparts. Now, as more funds flow in from both public and private routes, India’s space sector is at the precipice of a unmatched growth phase. With another hike in the pipeline for the space sector, the <keyword id="19955368" type="General" weightage="20" keywordseo="Budget-2024" source="keywords">Budget 2024</keyword> is poised to further boost India’s position in the <keyword id="22469635" type="General" weightage="20" keywordseo="global-space-race" source="keywords">global space race</keyword> by enhancing funding, providing incentives, and fostering international collaborations. <h2>How does India’s space budget compare to other countries?</h2>As per the interim budget announcement, India’s space budget for 2024-25 will stand at around Rs 13,042.75 crores, a 4% increase from the previous year’s Rs 12,545 crore. To truly contextualise this, let’s compare it with other leading space-faring nations. <div type="Article" hostid="261" msid="111827903" title="Union Budget 2024 for Railways: Expectations focused on improving passenger safety, experience, infrastructure" mstype="2" mssubtype="0"></div>The USA, through <keyword id="19935155" type="General" weightage="20" keywordseo="NASA" source="keywords" meta.keywordsubtype="org" meta.entityname="NASA" meta.hostid="261" meta.entityid="NASA">NASA</keyword>, allocated about Rs 2,12,000 crores ($25.4 billion) in 2023, focusing on the Artemis program, <keyword id="20999262" type="General" weightage="20" keywordseo="Mars-exploration" source="keywords">Mars exploration</keyword>, and advanced satellite technologies, as per the The Planetary Society. China’s space program received approximately Rs 1,18,000 crores ($11 billion), supporting lunar missions, Mars exploration, and building its own space station, as per media reports. Meanwhile, The European Space Agency (ESA) had a budget of around Rs 63,700 crores ($7.6 billion) last year to fund a range of scientific missions, Earth observation, and international collaborations. While India's budget remains categorically minuscule in comparison, it prioritises cost-effective missions and innovative technologies, often achieving impressive results with fewer resources. However, many are concerned how this financial constraint could affect infrastructure development, cause delays in critical projects like <keyword id="6797456" type="General" weightage="20" keywordseo="gaganyaan" source="Orion">Gaganyaan</keyword>, and restrict the private sector's growth and innovation. Furthermore, it may also limit India's influence in global space governance and international collaborations, at a time when most countries seem to be set on a race to transform themselves into a space-faring society. <h2>Upcoming missions and international collaborations</h2>While space spending can be useful for many quality of life aspects — such as agriculture and climate preparedness — it is often the major space missions that steal the spotlight. Key projects in the 2024 budget include the Gaganyaan mission, which aims to send Indian astronauts into space. Additionally, the Mars Orbiter Mission 2 (<keyword id="20475168" type="General" weightage="20" keywordseo="mangalyaan" source="keywords">Mangalyaan</keyword> 2) is slated for a 2024 launch, which — if successful — could mark a significant step in India's interplanetary exploration prowess. <div type="Article" hostid="261" msid="111689743" title="Union Budget 2024: A handy FAQ guide to decode the upcoming budget" mstype="2" mssubtype="0"></div>International collaborations are also a significant cornerstone of India’s space strategy. The NASA-ISRO Synthetic Aperture Radar (NISAR) mission, scheduled for 2024, exemplifies such partnerships. This mission will provide critical data for understanding Earth’s changing ecosystems, ice mass, and natural hazards. International collaborations are crucial because they help a great deal with enhancing technical expertise and shared resources. As such, joint ventures like NISAR and partnerships with other space agencies help India stay competitive globally. Another significant collaboration is with the United States, where an Indian astronaut will be sent to the International Space Station (ISS) by the end of 2024. <h2>Indian leadership in space tech</h2>The budget may be low, but India’s space spirit is certainly not weak. Despite limited resources, India has demonstrated strengths in many aspects of space technologies. For instance, the Indian Space Research Organisation (ISRO) is known for its reliable and cost-effective launch vehicles, like the PSLV and GSLV, which have successfully placed numerous satellites into orbit. In a tremendous feat, the PSLV-C37 successfully launched 104 satellites in a single flight in September 2023! <div type="Article" hostid="261" msid="111688482" title="Budget A-Z, for the GenZ: A fun and handy guide for major terms around upcoming Union Budget" mstype="2" mssubtype="0"></div>India also excels in manufacturing satellites for communication, weather monitoring, and Earth observation. The upcoming deployment of 50 AI-powered GEOINT satellites will enhance national security and surveillance. With the right investments, India could lead globally in low-cost space missions and innovative satellite technologies. <h2>Long-term visions for India’s space program</h2>The long-term vision for India's space program, as outlined in the Budget, includes establishing a dedicated space station by 2035 and increasing the country’s share in the global space economy. <div type="Article" hostid="261" msid="111807009" title="Despite pandemic and growing health scares, India’s budget share for healthcare continues to decline" mstype="2" mssubtype="0"></div>The Indian government aims to capture nearly 10% of the global space market by 2030, up from its current 2-3% share. This ambition aligns with broader geopolitical and economic goals, positioning India as a key player in space exploration and satellite services. Budget 2024 will be crucial for strengthening India’s position in the global space race. As the country gears up for upcoming missions and technological advancements, the global space community will be closely watching India's progress.

Budget 2024: How will budget affect India’s position in the global space race?

Climate Action 15: 2024's top global innovators powering green solutions

In the face of an escalating climate crisis, scientists are exploring increasingly unconventional ideas to cool the planet. One of the more intriguing — and surprising — proposals is the use of <keyword id="23626780" type="General" weightage="100" keywordseo="diamond-dust" source="keywords">diamond dust</keyword> injected into the atmosphere to reflect sunlight and reduce global temperatures. A team of climatologists, meteorologists, and <keyword id="19912640" type="General" weightage="20" keywordseo="earth" source="keywords">Earth</keyword> scientists found that injecting synthetic diamond particles might be the most effective way to combat <keyword id="19942740" type="General" weightage="20" keywordseo="global-warming" source="keywords">global warming</keyword>. <h2>Just chill, chill</h2>Global temperatures are rising rapidly, and scientists warn that we may have already reached a tipping point. Simply reducing <keyword id="19951337" type="General" weightage="20" keywordseo="carbon-emissions" source="keywords">carbon emissions</keyword> may no longer be enough. Some experts argue that we need active measures to cool the planet and prevent further catastrophic changes to global weather patterns. One potential solution? <keyword id="23626781" type="General" weightage="20" keywordseo="solar-geoengineering" source="keywords">Solar geoengineering</keyword> — a method that involves injecting <keyword id="23626782" type="General" weightage="20" keywordseo="reflective-particles" source="keywords">reflective particles</keyword>, or aerosols, into the atmosphere to bounce sunlight back into space. Historically, sulphur dioxide has been the leading candidate for this approach. Released naturally by volcanic eruptions, sulphur dioxide is known to have a cooling effect on the Earth by reflecting sunlight. However, the downside of injecting it artificially is significant: it could lead to acid rain, damage the ozone layer, and disrupt weather patterns. <div type="Article" hostid="261" msid="114118159" title="Delhi vs. air pollution: Minister pushes for ‘artificial rains’ in city ahead of Diwali as AQI remains worse than ever" mstype="2" mssubtype="0"></div>The new study aimed to find a better alternative by modelling the impact of seven different materials: calcite, diamond, aluminium, silicon carbide, anatase, rutile, and sulphur dioxide. Their 3D <keyword id="19912529" type="General" weightage="20" keywordseo="climate-models" source="keywords">climate models</keyword> factored in light reflection, how long the particles would stay in the atmosphere, and whether they would clump together — something that could diminish their effectiveness. <h2>Why diamonds?</h2>The surprising result of the research was that diamond dust emerged as the most promising candidate. Tiny synthetic diamond particles proved to be highly effective at reflecting both sunlight and heat, while also remaining suspended in the atmosphere for a sufficient period. Unlike sulphur dioxide, diamonds are chemically inert, meaning they would not react with other atmospheric elements to cause harmful side effects like acid rain. The models suggested that injecting 5 million tons of synthetic diamond dust into the atmosphere annually could reduce global temperatures by 1.6°C over the course of 45 years. This kind of cooling would be enough to counteract some of the most severe effects of <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword> and potentially buy time for other long-term solutions. <h2>The cost conundrum</h2>Despite the effectiveness of diamond dust in the simulations, the practical challenge of this approach lies in its cost. Producing and distributing the necessary amount of <keyword id="20001023" type="General" weightage="20" keywordseo="synthetic-diamonds" source="keywords">synthetic diamonds</keyword> would come with an astronomical price tag — an estimated $200 trillion. To put that into perspective, that’s roughly double the size of the global economy in 2023. While the benefits of <keyword id="23626783" type="General" weightage="20" keywordseo="cooling-the-planet" source="keywords">cooling the planet</keyword> are clear, such a high cost makes this solution far from feasible in the immediate future. <div type="Article" hostid="261" msid="97766424" title="A new climate solution involves shooting moon dust into space to create a &amp;#39;solar shield&amp;#39; around Earth, but scientists say it&amp;#39;s a risky last resort" mstype="2" mssubtype="0"></div>While the diamond dust concept is still in the research phase, the study underscores the urgency of exploring all possible solutions to cool the planet. As temperatures rise and extreme weather events become more frequent, unconventional ideas like this could play a role in the global effort to mitigate climate change. The findings of this research have been published in Geophysical Research Letters and can be accessed <a href="https://dx.doi.org/10.1029/2024GL110575">here</a>.

Diamonds in the Sky: Scientists want to inject diamonds into our atmosphere to cool the planet!

<ul class="summary-list"><li>Gen. Chance Saltzman, head of the US military's space operations, warned of China's threat in orbit.</li><li>He said he was more worried about China than the risk of Russian nuclear weapons in space.</li></ul>China is developing military space gear at a "mind-boggling" pace, according to the US Space Force chief."The number of different categories of space weapons that [China has] created and . . . the speed with which they're doing it is very threatening," said Gen. Chance Saltzman, per the <a target="_blank" class="" href="https://www.ft.com/content/509b39e0-b40c-41b3-9c6a-9005859c6fea">Financial Times.</a>In an <a target="_blank" class="" href="https://www.politico.eu/article/china-mind-boggling-space-capabilities-worry-us-says-space-force-chief-b-chance-saltzman-russia-nasa/">interview with Politico</a>, Saltzman added that China's progress in military space technology posed a bigger challenge than possible Russian nuclear weapons in orbit.He said he is also worried that China <a target="_blank" class="" href="https://www.businessinsider.com/china-building-satellite-network-target-us-troops-intel-chief-gagnon-2024-5">has developed a network of hundreds of military satellites that could be used as a targeting system for military missions on Earth.</a>It's one of a series of warnings from top US military officials in recent months about the growing threat in space posed by China.<h2 id="0f474078-d3ca-4ee9-9170-2398d1a8bf55">Space warfare is a growing risk</h2>Space dominance has been an important issue for Chinese premier Xi Jinping, who has frequently expressed his desire for China to be a <a target="_blank" class="" href="http://www.xinhuanet.com//english/china/2016-12/27/c_135935416.htm#:~:text=To%20build%20China%20into%20a%20space%20power,effectively%20and%20reliably%20guarantee%20national%20security%2C%20to">"space power in all respects."</a>And it seems China is rapidly catching up to the US. In recent years, China has developed a sophisticated military program in space, where for decades, the US has been the dominant force.In April, <a target="_blank" href="https://www.businessinsider.com/nasa-chief-says-secretive-china-hides-military-space-projects-2024-4">NASA chief Bill Nelson</a> warned that China was passing off military endeavors in space as civilian projects.China has repeatedly denied that it intends to establish any military presence in outer space. "Space war can not be won and must never be fought," its <a target="_blank" href="http://un.china-mission.gov.cn/eng/chinaandun/disarmament_armscontrol/unga/202105/t20210501_9126875.htm">ambassador to the UN said in 2021.</a>However, it is believed to be developing a hypersonic glide vehicle and other weapons capable of evading air defense systems and satellite warnings. It has also developed technology capable of targeting US satellites.<h2 id="727abea4-0338-45bf-9713-46e5ce3f64ed">'A pivotal moment in history'</h2>"We are at a pivotal moment in history," Troy Meink, principal deputy director of the National Reconnaissance Office, which builds and operates the US fleet of spy satellites, said at an April conference in Colorado, <a target="_blank" rel=" nofollow" href="https://www.space.com/china-space-progress-breathtaking-speed-space-force">as quoted by </a><a target="_blank" href="http://Space.com">Space.com</a><a target="_blank" rel=" nofollow" href="https://www.space.com/china-space-progress-breathtaking-speed-space-force">.</a>"For the first time in decades, US leadership in space and space technology is being challenged," Meink added. "Our competitors are actively seeking ways to threaten our capabilities, and we see this every day."According to the <a target="_blank" class="" href="https://www.asiapacific.ca/publication/china-global-powers-celestial-ambitions#:~:text=The%20steep%20increase%20in%20its,Earth%20remains%20to%20be%20seen">Asia Pacific Foundation of Canada</a>, China's expenditure on space endeavors increased from $2.15 billion in 2022 to $14 billion in 2023.Meanwhile, the US Space Force has <a target="_blank" class="" href="https://www.saffm.hq.af.mil/FM-Resources/Budget/">requested a budget</a> of $29.4 billion for the 2025 financial year.As the FT notes, the US space defense capabilities are heavily reliant on private companies, such as SpaceX. Last week, SpaceX secured new contracts worth $733.5 million for national security space missions."The truth is, whoever controls the space domain will dominate the future global economy," wrote analyst Arthur Herman for the conservative-leaning Hudson Institute in February."If America was the preeminent space power from Presidents John F. Kennedy to Ronald Reagan, we've let our edge slip away, while China and Russia aim to displace us all together."

China is sending military gear into orbit at a 'mind-boggling' pace, says US Space Force chief

<ul class="summary-list"><li>China just announced aggressive monetary stimulus measures to boost its struggling economy.</li><li>They include interest rate cuts, liquidity support, and reduced bank reserve requirements.</li></ul>China's finally getting serious about stimulating its dismal economy.On Tuesday, three of its top financial regulators appeared side by side in a rare press conference on the economy where <a target="_blank" class="" href="https://www.gov.cn/lianbo/bumen/202409/content_6976071.htm">People's Bank of China</a> governor Pan Gongsheng announced a broad range of monetary stimulus measures.They include cutting a short-term key interest rate and reducing reserve requirement ratio, or RRR, to the lowest level since at least 2018. The RRR refers to the amount of money banks need to hold in reserve.Pan also announced 800 billion Chinese yuan, or $114 billion, in liquidity support. He said authorities are looking into a stock stabilization fund.Analysts say the measures are aggressive and even historic."Today's policy measures are bold by historical standards," Betty Wang, the lead economist at Oxford Economics, wrote in a note on Tuesday."This is the first time since the pandemic that the central bank offered a combination of rate cuts, RRR cuts, and structural monetary policies at the same time," she added.Wang said China's central bank pulled the aggressive moves in part due to weaker-than-expected <a target="_blank" class="" href="https://www.reuters.com/world/china/china-august-factory-output-retail-sales-miss-expectations-2024-09-14/">economic data</a>, which increases the risk that the country wouldn't be able to hit its GDP growth target of <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-two-sessions-growth-goal-challenging-economists-2024-3">around 5% this year.</a>The show of commitment sent a shot of confidence to investors, sending shares soaring.China's benchmark <a target="_blank" class="" href="https://markets.businessinsider.com/index/csi-300">CSI 300</a> closed 4.3% higher, clocking its best day in four years and nearly wiping out <a target="_blank" class="" href="https://www.businessinsider.com/china-hong-kong-stock-market-slump-confused-beijing-economy-signals-2024-1">steep losses this year</a> — although it's still about 40% lower than a 2021 peak.Hong Kong's <a target="_blank" class="" href="https://markets.businessinsider.com/index/hang_seng">Hang Seng Index</a> closed 4.1% higher.<h2 id="d141fefa-3971-40d0-b695-6a3e5f8d7bff">Stimulus measures don't address consumption</h2>Despite the fanfare, analysts are divided over whether the moves that ease monetary policy constitute a massive "bazooka" stimulus.Most say the monetary easing policies don't address the lack of confidence contributing to <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-weak-domestic-demand-factory-activity-amid-strong-export-2024-7">depressed consumer spending.</a>"While these measures will boost confidence to some extent, we do not believe these monetary and financial policies alone are enough to arrest the worsening economic slowdown," Nomura economists wrote in a note on Tuesday, pointing out that the RRR cut is of "limited meaning.""The real bottleneck faced by the economy is a lack of effective demand rather than loanable funds available," they wrote.The Nomura economists said Beijing should focus on fiscal stimulus and reforms, such as direct funding to stabilize the property market, "as the housing crisis is the root cause of these shocks"Beijing could also increase pension payments to underprivileged groups and provide more funding to local governments, they added.China has pulled out multiple <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-property-data-ugly-despite-support-stimulus-measures-crisis-2024-2">support measures</a> this year to shore up its economy and stock markets, but any kneejerk optimism has been shortlived.It remains to be seen if Tuesday's gains will hold in the long run. China's economy is facing multiple challenges including an <a target="_blank" class="" href="https://www.businessinsider.com/china-property-crisis-bleeding-into-banking-sector-bad-loans-liquidity-2024-3">epic property crisis</a>, <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-crash-youth-unemployment-rate-labor-market-atlantic-council-2024-2">high youth unemployment rates</a>, and geopolitical tensions.Still, the commitment shown by Beijing on Tuesday is lifting market sentiment and fuelling hopes that the world's second-largest economy may finally emerge from its struggles."Overall, we feel today's measures are a step in the right direction, especially as multiple measures have been announced together rather than spacing out individual piecemeal measures to a more limited effect," Lynn Song, the Greater China chief economist at <a target="_blank" class="" href="https://think.ing.com/snaps/pboc-unveiled-a-monetary-policy-easing-package-in-bid-to-support-growth/">ING bank,</a> wrote on Tuesday.Since most global central banks are on an easing cycle, China could also head down that path in the months ahead, he added."If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter," Song added.

China just released aggressive measures to boost its economy — but some analysts say it's still not enough 

<ul class="summary-list"><li>Baiju Bhatt, the cofounder of trading app Robinhood, has a new space startup.</li><li>Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers.</li></ul>When Baiju Bhatt co-founded the stock trading app <a target="_blank" class="" href="https://www.businessinsider.com/robinhood-collapse-what-happened-retail-investing-meme-stocks-future-finance-2022-2">Robinhood</a> in 2013 with his college best friend, Vlad Tenev, the aim was to "democratize finance for all."Robinhood's no-fee, gamified approach to investing made capital markets more accessible than ever before, leading to an IPO in 2021.After over a decade at the company, Bhatt stood down as Robinhood's chief creative officer in March to pursue what was described at the time as "other entrepreneurial interests."In October, Bhatt announced he was launching Aetherflux, a Silicon Valley-based space startup.Aetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers.Just as <a target="_blank" class="" href="https://www.businessinsider.com/inside-starlink-spacex-satellite-internet-business-constellation-fleet-elon-musk-mars">Elon Musk's Starlink</a> constellation has transformed communications, Bhatt hopes Aetherflux will revolutionize energy, he told Business Insider in an interview.The receptors will be just 10 meters in diameter, Bhatt said, meaning they can be placed virtually anywhere and theoretically provide power to remote locations that would otherwise be too expensive or dangerous to reach."If we succeed, we unlock a renewable energy source for humanity that can be delivered virtually anywhere," he wrote in a <a target="_blank" class="" href="https://www.linkedin.com/pulse/allow-me-re-introduce-myself-baiju-bhatt-nu1ic/?trackingId=xecx1MNjQxGa6fapJvT2fA%3D%3D">LinkedIn post</a> announcing Aetherflux.If it works, far more solar power can be captured in orbit than through the atmosphere at ground level, and there would be no nighttime or weather disruptions to the power source. It would also free up land used for solar farms on Earth.Aetherflux plans to start by powering military operations in remote locations or remote mining operations, Bhatt said.<div type="image" title="A profile of Baiju Bhatt smiling in a black t-shirt in front of a beige background." height="3553" width="5324" msid="114432481" hostid="261" sizebytes="611312"></div>Bhatt hopes that a single receptor will one day be able to capture enough power for a small neighborhood of homes. He added that they'd need around 100 satellites to provide continuous power to one location.The idea of space-based solar power has existed for decades, but theories have generally rested on large constructions being sent into orbit and using microwaves to transmit energy.In January 2023, the California Institute of Technology launched a solar space-power demonstrator satellite into orbit for a yearlong mission to test out a range of potential approaches.Caltech's president, Thomas F. Rosenbaum, <a target="_blank" class="" href="https://www.caltech.edu/about/news/space-solar-power-project-ends-first-in-space-mission-with-successes-and-lessons">said the project</a> had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future."Aetherflux wants to do things differently by using infrared lasers and a modular approach.The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.To begin with, Aetherflux plans to send a single satellite into orbit by the first quarter of 2026 to demonstrate that solar energy transmission is possible.<h2 id="f76e6857-d783-49d8-94bf-ab950b9759df">The right time to be in space</h2>Though the career jump from finance to the space industry may seem unusual, Bhatt said space has been his "lifelong calling."NASA was a part of Bhatt's childhood. His father moved to the US from India to pursue physics and got a job at NASA's Langley Research Center in the 1990s studying atmospheric sciences.With a bachelor's in physics and a master's in mathematics, both from Stanford, Bhatt thought he'd be a physicist too. So, Robinhood was a "bit of a detour," he told BI.He is still a board member but has stepped back from day-to-day operations.One lesson Bhatt said he learned from running the trading app was how powerful capitalism could be in accelerating innovation."If you can take a problem that's been stagnating and you can create a capitalist system around it where people can make money doing something, you'll see the rate of progress really speed up," he said.<div type="image" title="Baiju Bhatt (right) and Vlad Tenev, founders of the online brokerage Robinhood." height="4160" width="6240" msid="114432476" hostid="261" sizebytes="601100"></div>After meeting with people working on power for DARPA at the beginning of this year and seeing the <a target="_blank" class="" href="https://www.businessinsider.com/why-spacex-starship-launch-five-huge-deal-space-travel-2024-10">timeline Starship is on</a>, Bhatt decided that the best opportunities were now in space.Since 2009, the sum of private investments in space startups has soared from essentially nothing to $327.3 billion, according to the latest "<a target="_blank" href="https://spacecapital.docsend.com/view/9d69zpfz4ddms3ry">Space Investment Quarterly</a>" report published by venture capital and angel-investment firm Space Angels.The industry's value is expected to continue booming. <a target="_blank" class="" href="https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/space-the-1-point-8-trillion-dollar-opportunity-for-global-economic-growth">McKinsey</a> estimates that the global space economy will be worth $1.8 trillion by 2035, accounting for inflation, up from $630 billion in 2023."It's hard to find something more exciting and impactful than space," said Matthew Weinzierl, a professor of the economics of space at Harvard Business School and coauthor of the upcoming book "Space to Grow.""This really is a new frontier, one where technological innovation can create new markets and solve real problems, often in ways we haven't thought of before," he said.Weinzierl said that in the past two decades, the US government has created pathways for commercial players, enabling market forces to take hold."Prices to orbit have dropped, launch availability has soared, and a wave of entrepreneurs are finding new ways to create value," he said.<div type="image" title="SpaceX's Super Heavy booster as it returned to its launch site, with the sun rising in the background." height="1031" width="1920" msid="114432482" hostid="261" sizebytes="52022"></div>With so many more commercially available products, space has <a target="_blank" class="" href="https://www.businessinsider.com/starship-launch-success-elon-musk-vision-cheap-space-travel-closer-2024-3#:~:text=%22With%20Starship%2C%20SpaceX%20is%20poised,in%20an%20email%20on%20Thursday.">never been cheaper</a>.Aetherflux is an example of how companies are using off-the-shelf solutions to speed up development. Its satellites are purchased readymade from satellite bus provider <a target="_blank" href="https://www.businessinsider.com/palmer-luckey-anduril-apex-defense-tech-space-satellite-surveillance-2024-10">Apex</a>, the high-powered lasers it plans to use are commercially available, and it'll be using <a target="_blank" href="https://www.businessinsider.com/spacex-launch">SpaceX</a> as a launch partner for its 2026 mission."The part that we're building is the actual optical design, the control systems, and the power transmission link, as well as the ground station," said Bhatt.<h2 id="5dda5318-030a-431a-91ff-f205b537a068">The future of Aetherflux</h2>When he spoke with BI, Bhatt had just moved into a lab facility in the Bay Area. With a team of 10 employees, he will begin iterating ground tests, developing the system design, and working with regulators.He's self-funding the project "completely," he told BI. As one of Robinhood's cofounders, Bhatt's net worth spiked after its IPO in 2021. He is worth around $1.7 billion, <a target="_blank" class="" href="https://www.forbes.com/profile/baiju-bhatt/">Forbes reports.</a>Although access to space has become more routine and affordable, Weinzierl said there is still a lot of uncertainty around the industry. Some of the ideas and businesses being developed today won't survive, but they'll be "the foundation that tomorrow's entrepreneurs will learn from and build on," he said.A self-proclaimed science nerd, Bhatt named his startup after a 19th-century theory about a pervasive medium called the aether, which physicists believed light traveled through."Einstein came along in 1905 and was basically like, nah, that stuff's all wrong. Light is the same in every reference frame," said Bhatt.So Aetherflux is named after a disproven scientific theory? Yes, Bhatt agreed with amusement. But he's "laser-focused" on the first mission and adamant that Aetherflux won't fall into the same bracket as its namesake."Space is hard," he admitted, "but we're committed to demonstrating this and making it happen."

Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth

This article is part of "<a target="_blank" rel="noopener" href="https://www.businessinsider.com/category/workforce-innovation">Workforce Innovation</a>," a series exploring the forces shaping enterprise transformation.After a full day of seeing patients, Missy Scalise used to spend hours at home fleshing out the notes that go into medical records.Then, about a year ago, Scalise, an internal-medicine physician with Ascension Saint Thomas in Nashville, started using Suki, an artificial-intelligence tool that generates notes and other data based on her patient conversations."What used to take me two to four hours per full day of clinic now takes me about 30 minutes or so, at most," she told Business Insider.Having <a target="_blank" class="" href="https://www.businessinsider.com/doctor-burnout-ai-assistant-help-paperwork-administrative-tasks-2023-8">AI working in the background </a>to document what goes on in the exam room has given her more leeway to focus on patients, Scalise said. Several have told her that she seems more present, she added.Part of Scalise's role is chairing a committee on clinician well-being. A couple of years ago, AI wasn't on her radar. Now, she's pushing to get more colleagues to start using the technology to help boost their efficiency.That highlights an important reality: AI will likely change some aspects of nearly all jobs. To keep up, workers will have to <a target="_blank" class="" href="https://www.businessinsider.com/ai-older-workers-better-than-younger-could-help-hiring-2024-8">add skills and learn</a> as never before, and that will require employers' help.<div type="image" title="Missy Scalise sits with her sons" height="428" width="640" msid="112873678" hostid="261" sizebytes="25154"></div>The breadth of the change to come seems profound. In January, the International Monetary Fund predicted that AI could affect nearly four in 10 jobs globally. For advanced economies, the share of <a target="_blank" href="https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2024/01/14/Gen-AI-Artificial-Intelligence-and-the-Future-of-Work-542379?cid=bl-com-SDNEA2024001">jobs exposed to AI</a> rose to about six in 10 — about half of the latter in a negative way.In 2023, the World Economic Forum reported that employers expected <a target="_blank" href="https://www.weforum.org/publications/the-future-of-jobs-report-2023/digest/#:~:text=All%20but%20two%20technologies%20are,in%20the%20next%20five%20years.">44% of workers' skills</a> to be "disrupted" within five years.It all points to a workforce that will need <a target="_blank" class="" href="https://www.businessinsider.com/to-find-or-keep-a-job-become-a-specialist-2024-8">widespread retraining</a>.Ravin Jesuthasan, a coauthor of "The Skills-Powered Organization" and the global leader for transformation services at the consulting firm Mercer, told BI that chief human-resources officers and other leaders would need to think of training — particularly around AI — as something that's just as important as, for example, building a factory."Everyone needs to be really facile with AI," he said. "It's a nonnegotiable because every piece of work is going to be affected."Jesuthasan said that when he talks about AI's widespread reach, he often gets questions like, "Well, what about the plumber who came to my house?"Plumbers, he said, might spend 30 minutes of every few hours turning a wrench. Much of the remainder goes to things like scheduling appointments and understanding the setups of customers' fixtures and piping. AI can help with all that, Jesuthasan said.He said experimenting with AI was a good start but not a viable long-term strategy. More organizations are becoming deliberate in how they invest, he added. That might look like identifying well-defined areas where they will deploy AI so that everyone involved uses the technology.That's part of a mindset of continual learning and reinvention. Without that, he said, both the organization and its workers risk falling behind.Ultimately, Jesuthasan said, organizations should test and learn so that they can be judicious in how they deploy AI and see a return. This shift will require that leaders focus more on skills and less on the strictures of a particular job.It's a big shift."We're talking about the reversal of 140 years of learned behavior and organizational structure and processes to shift from jobs to skills as the currency for work," he said. "You can't eat the elephant in one bite."Jon Lester, the vice president of HR technology, data, and AI at IBM, told BI that business leaders should give experts in various parts of their organizations the time and space to learn what's possible — and to fail. He also said leaders should track the return on investment of their efforts and let their expert employees make decisions.Lester said it's insufficient to drop in the technology without giving other considerations."If we gave this technology without the learning, without the focus on process and experience, we just automated bad processes," he said.Another challenge with inserting AI into an organization is that it's often difficult to tell which skills workers possess and where they might need training.Asteri AI is a <a target="_blank" class="" href="https://www.businessinsider.com/healthcare-ai-startup-valuations-explode-after-downturn-2024-4">startup</a> that uses large language models to determine the skill levels of an employee base, identify gaps, and forecast what abilities might one day be needed.Julia Grace Samoylenko, Asteri's founder and CEO, told BI that skills are often hidden and difficult to capture and that they tend to change rapidly."We truly believe that AI is the key to solving this problem," she said.It's important for organizations to understand the <a target="_blank" href="https://www.businessinsider.com/ai-questions-consulting-firms-are-answering-for-clients-2024-6">capabilities of their workers</a>, in part, because it's not advisable — or even possible, in many cases — for <a target="_blank" class="" href=" https://www.businessinsider.com/ai-help-recruit-hire-employees-tech-women-bias-job-seeking-2024-1">employers to hire</a> their way out of a skills deficit, Samoylenko said. That can be especially the case with high-demand areas like AI."We strongly believe in the idea of investing in internal talent rather than bringing in external hires," she said.Aside from concerns about maintaining morale and institutional knowledge, training existing employees can also be easier on the budget. That's because the cost of <a target="_blank" class="" href="https://www.gallup.com/workplace/247391/fixable-problem-costs-businesses-trillion.aspx">replacing an employee</a> is, conservatively, half to two times the worker's annual salary, Gallup found.Major employers like Johnson &amp; Johnson are also using what's sometimes called "<a target="_blank" href="https://mitsloan.mit.edu/ideas-made-to-matter/how-companies-can-use-ai-to-find-and-close-skills-gaps">skills inference</a>" to get a snapshot of workers' skills and how they might be improved.<div type="image" title="54% of HR and talent acquisition leaders say they are hopeful about the potential impact of AI at work." height="1000" width="2000" msid="112873681" hostid="261" sizebytes="40548"></div>For employers that want to <a target="_blank" class="" href="https://www.businessinsider.com/ai-tackling-jobs-humans-dont-have-time-for-or-want-2024-2">train their workers</a>, an obvious challenge is making sure it's effective.Elise Smith, a cofounder and the CEO of Praxis Labs, told BI that AI could make learning more personalized. The company uses the technology to simulate various work situations. That might involve giving difficult feedback or managing someone who's being disruptive to a team, she said.Praxis Labs is focused on middle managers and potential strong performers because, Smith said, training on these types of interpersonal skills is often concentrated among C-suite leaders."They often have executive coaches," she said. "They're doing role-plays. They're getting coaching on how to navigate these moments all the time." By using AI, Smith said, that type of training can be scaled to reach more workers.Managers can give oral or written feedback in simulations, and the AI can interject to point out slipups."Midconversation, if you haven't asked an open-ended question, we might nudge you to do that because you may not fully understand the situation," she said. "And asking questions is a powerful skill."Smith said the benefits of training could extend beyond the knowledge itself. She said clients had reported managers and employees feeling more engaged. And if the training is successful, it's more likely to stick, Smith added."You're more likely to change your behavior when you're confident about what you've just practiced and that skill you've just built," she said.Organizations are also looking to use <a target="_blank" class="" href="https://www.businessinsider.com/ai-career-advice-coach-gen-z-workers-get-ahead-2024-2">AI to empower workers</a> in other ways.Nathalie Scardino, Salesforce's chief people officer, told BI that the company's philosophy is that having AI tools at hand helps workers learn and improve their skills because the tech becomes incorporated into their daily workflow."You're bringing them along in the continued learning experience," she said.Salesforce has pumped out more than 50 AI applications to help its workers do their jobs in new ways, Scardino said. The goal is to make sure workers continue to learn and experiment."Everyone should be able to work with AI and understand the use cases behind the advantages of working with AI," she said.Charlotte Relyea, a senior partner at McKinsey &amp; Co., believes that leaders need to plan now so they can better forecast the abilities workers will need. Given the importance of this task, she said, the process will likely involve not only the head of HR but also the CEO."It's going to require real investment in upskilling and reskilling," she told BI. "So organizations need to be prepared for that."Relyea said leaders should prioritize where they focus most of their efforts on building skills. So it's probably more worth it to train a team with low turnover than one that's always seeing new faces.Leaders need to think about this as a transformation — what she described as "painting the picture of the future."In a recent <a target="_blank" href="https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/gen-ais-next-inflection-point-from-employee-experimentation-to-organizational-transformation">McKinsey survey</a>, nine in 10 workers said AI tools could improve their work experience. And, often, workers reported incorporating AI into their work faster than their employers."How do you actually harness some of the energy that employees are putting into using gen AI?" Relyea said.She said employers should consider how they could create ways for workers to share ideas and make testing and learning part of the culture.Scalise, the doctor in Nashville, believes that AI tools like the one she's using will be the future of medicine. She's pushing to give the internal-medicine residents she oversees access to the technology as well so that they don't get burned out by administrative tasks and can better focus on patients' needs. She said in the 18 years she's been a doctor, no other tool has changed her practice to this degree."I didn't know it would be this groundbreaking," Scalise said. "I'm ecstatic that it's been so effective."

AI will reshape the global labor force. Employers will need to help their workers keep up.

<ul class="summary-list"><li>The global space economy is projected to reach $1.8 trillion by 2035, driven by AI.</li><li>Chad Anderson of Space Capital highlights diverse career paths in the expanding space sector.</li></ul>Space is the place for people who want to work in an industry with countless career opportunities. A <a target="_blank" class="" href="https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/space-the-1-point-8-trillion-dollar-opportunity-for-global-economic-growth">2024 report from McKinsey &amp; Co.</a> estimates the global space economy will balloon to $1.8 trillion by 2035, fueled by <a target="_blank" href="https://www.businessinsider.com/space-tech-sector-is-taking-off-thanks-to-ai-2023-12">advances in AI</a>.Chad Anderson, founder and managing partner of Space Capital, one of the first early-stage VC firms to focus exclusively on the space economy, told Business Insider that the space economy has plenty of technical career paths available. But he emphasized that many don't realize the enormous growth in commercial ventures is also opening up the space area to skills and talents that haven't traditionally been associated with it, like interior design.The VC added that many traditional business roles — including human resources, marketing, and customer relations — can provide a great opportunity for newbies to break into the space field, which is good news for those who may lack key technical skills like engineering but really want to play a role in the space economy.Anderson — who's invested in dozens of space ventures, including <a target="_blank" class="" href="https://www.businessinsider.com/spacex-elon-musk">SpaceX</a>, moon landers, satellites, and space tech, and founded <a target="_blank" href="https://www.spacetalent.org/">Space Talent</a>, an online resource for jobs in the space field and tech industry — shared his perspective as a VC on the top five careers in space that are on the rise.<h2 id="7a1aa8f4-cdb0-407e-a480-89046de57d53">1. Software engineers (robots, spacecrafts, etc.)</h2>Hands down, software engineering is one of the most important and promising career fields in the space economy, both now and in the future, according to Anderson — and you don't have to be an expert in rockets to be a developer at a space company."Everything is about software nowadays," he said. "Whether it's converting satellite data into new uses here on Earth, designing the next breakthrough rocket system, or building lunar landers and Martian life support systems — this is such a vast field, and it's full of exciting challenges and opportunities."<h2 id="1e58e739-8e8f-4e68-9140-e38eece87ad2">2. Direct-to-cellular engineers</h2>Direct-to-cellular radio frequency engineers are now in high demand, and Anderson said that the future looks "extremely bright" for this profession. He believes they'll play a critical role in the future of communications, the internet, and all technologies that rely on these connections."We're on the verge of a major change in telecommunications as satellites go direct to cellular instead of connecting through cell towers," Anderson explained. "This will enable universal access even in remote areas, and higher speed communications, and it also busts open the door for all sorts of technologies — from autonomous vehicles to robotics, IoT, and much, much more."But he emphasized that before we can get there, many engineering challenges must first be solved.<h2 id="67b21013-6c57-40b6-8172-2c7ca2a22fa7">3. Lifestyle designers</h2>Not all of the emerging space careers are high-tech. Anderson shared that the surge in human space travel — which is about to get even bigger thanks to<a target="_blank" class="" href="https://www.businessinsider.com/see-elon-musk-starship-shred-almost-lose-fin-2024-6"> SpaceX's Starship rocket</a> and other vehicles — has created a new need for experts in orbital lifestyle, clothing, fashion, and more.Specifically, expect heightened demand for orbital interior designers, space suit designers, space station industrial designers, and other lifestyle consultants for long-term tourism trips and crewed platforms."Next-generation space stations are being developed, and the interior space is going to look wildly different from what you've seen in the <a target="_blank" href="https://www.businessinsider.com/spacex-nasa-drag-international-space-station-out-of-orbit-2024-6">International Space Station</a> — think organic, minimal, comfortable design," Anderson said. "This is an exciting new field that will define the future look of space travel."<h2 id="0add2a4b-d196-4503-8758-32454b26b96b">4. Business development pros</h2>The government is spending massive amounts on private space companies these days, as funding for space startups in the first quarter of 2024 <a target="_blank" href="https://www.reuters.com/technology/space/space-startups-see-funding-surge-government-spending-remains-high-report-says-2024-04-11/#:~:text=Space%20startups%20see%20funding%20surge%20as%20government%20spending%20remains%20high%2C%20report%20says,-By%20Akash%20Sriram&amp;text=April%2011%20(Reuters)%20%2D%20Funding,Space%20Capital%20said%20on%20Thursday.">more than doubled</a>. Anderson said this means every space company needs to have a Department of Defense or NASA angle to remain competitive, which is creating a huge opportunity for business development professionals — particularly those with government experience."These are exciting roles that will create the groundbreaking projects of tomorrow," he said. "While sales is part of the job, it's also about building truly innovative solutions and long-term programs that can sustain human operations in space and reach new destinations like the <a target="_blank" href="https://www.businessinsider.com/nasa-helping-private-companies-build-business-moon-make-lunar-billions-2023-6">moon</a>."<h2 id="4d868299-383e-4f5c-8580-3621b1fed213">5. Welders</h2>Next-generation launch infrastructure is now being built with plenty of steel — and Anderson said that requires experienced welders to physically build out the spaceships and platforms of tomorrow.With so much growth and development happening right now among launch providers specifically, the VC said this is a high-growth field for those with the talent — and he believes the area will continue to be hot for many years to come."When you think of welders, you probably think of building bridges or skyscrapers," he said. "But actually, these blue-collar workers are essential to the future of space operations."

 5 careers in the space industry that new grads should focus on, according to a VC

<ul class="summary-list"><li>China's economy grew 4.7% in the second quarter of this year from a year ago, missing expectations.</li><li>Its economy faces immediate internal challenges.</li></ul>China's economy is under siege from <a target="_blank" href="https://www.businessinsider.com/white-house-joe-biden-hikes-tariffs-on-chinese-made-evs-2024-5">tariff hikes</a> by the US and the <a target="_blank" href="https://www.businessinsider.com/china-electric-vehicles-share-price-europe-tariff-hike-overcapacity-investors-2024-6">European Union,</a> but this may not be its most immediate threat.Instead, China's sluggish domestic demand appears to be a more pressing issue.On Monday, Beijing released new data that underscores the scale of China's domestic consumption problem.China's economy grew 4.7% in the second quarter of this year from a year ago, according to the National Bureau of Statistics — missing the 5.1% growth analysts polled by <a target="_blank" rel=" nofollow" class="" href="https://www.reuters.com/world/china/chinas-q2-gdp-grows-47-yy-below-forecast-2024-07-15/">Reuters</a> had expected.Growth was dragged by weak consumption, with <a target="_blank" class="" href="https://www.stats.gov.cn/sj/zxfb/202407/t20240715_1955609.html">retail sales</a> of consumer goods expanding just 2% in June from a year ago. In June, sales of cars, cosmetics, and household electronics and musical instruments slumped 6.2%, 14.6%, and 7.6% respectively from a year ago, the data showed. Notably, even as consumption fell in all these categories, <a target="_blank" class="" href=" https://www.stats.gov.cn/sj/zxfb/202407/t20240715_1955615.html">residents' disposable income grew</a>.<h2 id="a7b6f834-8bbe-489f-911a-0a0b34543a14">Not the first indicator of trouble</h2>The data released on Monday comes after another data release signaled trouble a few weeks ago.China's <a target="_blank" href="https://www.stats.gov.cn/sj/zxfb/202406/t20240630_1955251.html">official Purchasing Managers' Index</a> represents larger companies and state-owned enterprises, many of which are in industrial manufacturing. The index contracted for the second straight month in June, data released on June 30 shows.In contrast, an <a target="_blank" href="https://www.pmi.spglobal.com/Public/Home/PressRelease/dbf0d2731415453f99fac0d7826e16ea">S&amp;P Global PMI reading</a> — which reflects activity at export-oriented small and medium private businesses — showed output growth hit a three-year high in June.That means consumer demand within China is slowing, even as demand for made-in-China products grows externally.The divergence is important because China — the world's factory — could face lower global demand for some of its exports after trade tariffs kick in.In a recent report, economists at Nomura wrote that there are "concerns that China's economy will be unable to sustain a strong recovery through depending only on exports."The market's conviction in China's recovery is eroding, the Nomura economists wrote, with China's benchmark <a target="_blank" rel="" href="https://markets.businessinsider.com/index/csi-300">CSI 300</a> index giving up some gains after hitting a <a target="_blank" href="https://www.businessinsider.com/stock-market-outlook-rally-sp500-recession-china-economy-interest-rates-2024-5">May peak.</a>China has acknowledged it faces challenges in the consumption space."We should be aware that the external environment is intertwined and complex, the domestic effective demand remains insufficient and the foundation for sound economic recovery and growth still needs to be strengthened," <a target="_blank" rel=" nofollow" class="" href="https://www.stats.gov.cn/english/PressRelease/202407/t20240715_1955620.html">China's National Bureau of Statistics</a> said on Monday.While exports may continue to support growth in the coming months, "it probably won't overcome weakness on the domestic side," Eric Zhu, an economist at <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-01/private-gauge-of-china-factory-activity-hits-three-year-high">Bloomberg Economics,</a> said in early July.<h2 id="429b853b-4756-4b5b-950f-9e6721487a5e">China's unwilling consumers</h2>China is facing a <a target="_blank" href="https://www.businessinsider.com/china-outlook-home-prices-slumped-beijing-property-crisis-real-estate-2024-4">real-estate crisis</a>, stock-market volatility, geopolitical headwinds, and <a target="_blank" href="https://www.businessinsider.com/china-population-birthrate-hospitals-give-up-delivering-babies-obstetrics-2024-3">demographic challenges</a>.The economic uncertainty is contributing to weak consumer sentiment and risk hedging. People are <a target="_blank" href="https://www.businessinsider.com/china-economy-gold-rush-consumer-spending-money-savings-starbucks-gucci-2024-5">spending their money</a> on <a target="_blank" rel="" href="https://www.businessinsider.com/gold-price-china-consumers-central-bank-pboc-economy-concerns-dedollarization-2024-4">gold</a> and <a target="_blank" href="https://www.businessinsider.com/china-economy-lopsided-recovery-consumer-retail-spending-industrial-output-property-2024-5">experiences</a> instead of discretionary goods.Weak consumer demand is bad for China's economy, as it can contribute to a vicious cycle of <a target="_blank" href="https://www.businessinsider.com/china-economy-markets-deflation-chart-investors-consumer-prices-outlook-beijing-2024-3">deflationary pressure</a> on the back of slowing wage growth and consumer spending. Not even China's <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-so-bad-people-wont-buy-cheap-alibaba-items-2024-7">mega-sales festivals can entice buyers</a> to spend money the way they used to."The divergence between expansionary production and contractionary new orders suggests activity data on the supply side may continue to outperform demand-side activity data, which is likely to exert continued downward pressure on goods prices," the Nomura economists wrote in a separate note in early July.The contraction in official manufacturing PMI and a pullback in industrial profits also validate concerns of <a target="_blank" href="https://www.businessinsider.com/china-economy-stimulus-measures-but-property-tech-consumption-not-enough-2023-7">"'too little, too late' policy stimulus,"</a> Vishnu Varathan, the chief economist of Asia excluding Japan at Mizuho Bank, in early July."Doubts that Beijing has a handle on economic revival are justifiably mounting," Varathan added.July 15, 2024: This story has been updated with new data from China's National Bureau of Statistics.

The most immediate threat to China's economy isn't external. It's internal.

Paris [France], March 30 (ANI): Director General of the <keyword id="20681418" type="General" weightage="20" keywordseo="european-space-agency" source="keywords">European Space Agency</keyword> (<keyword id="191401" type="General" weightage="20" keywordseo="ESA" source="Orion">ESA</keyword>), <keyword id="21132866" type="General" weightage="20" keywordseo="josef-aschbacher" source="keywords">Josef Aschbacher</keyword>, has heaped praise on the <keyword id="19915130" type="General" weightage="20" keywordseo="indian-space-research-organisation" source="keywords">Indian Space Research Organisation</keyword> (<keyword id="6358064" type="General" weightage="100" keywordseo="ISRO" source="Orion">ISRO</keyword>) for its recent successful launches and said that India's accomplishments in space and especially in lunar exploration is 'astonishing'. Aschbacher posted an appreciation post on X, after ESA hosted its 323rd Council meeting in Paris which was attended by the ISRO Chairman, S Somanath. ESA Member States met in Paris, France, for the 323rd session of the ESA Council on March 26 and 27, 2024. The European scientist also underscored that the significance of strengthening ties and deepening cooperation with international partners cannot be underestimated. "What India is accomplishing in space - especially in Lunar exploration - is astonishing. We hosted ISRO's Chairman, Dr. S. Somanath at ESA Council today. It was a milestone occasion for Delegates to learn more about current and future plans for ESA-ISRO cooperation," he posted on X. "The strategic importance of strengthening ties and deepening cooperation with international partners cannot be underestimated," he added. <div type="twitter" handle="AschbacherJosef" handlename="AschbacherJosef" favoritecount="0" retweetcount="0" id="1773071288686264521"></div> Additionally, Astronaut <keyword id="20326710" type="General" weightage="20" keywordseo="thomas-pesquet" source="keywords">Thomas Pesquet</keyword> also shared about meeting with the ISRO chairman and the ESA Director and said that they witnessed enthusiastic exchanges between the two leaders. "Very proud to welcome ISRO chairman Shri. S. Somanath at ESA HQ in Paris yesterday, with our director Josef Aschbacher. Enthusiastic exchanges between the two men, and abounding cooperation opportunities between the two organisations. Let's co-travel to space together!" he posted on X. <div type="twitter" handle="Thom_astro" handlename="Thom_astro" favoritecount="0" retweetcount="0" id="1773399899498803577"></div> In a stellar display of prowess, India soared to new heights in 2023 with the successful soft landing of <keyword id="8011274" type="General" weightage="20" keywordseo="Chandrayaan-3" source="Orion">Chandrayaan-3</keyword> on the South Pole of the Moon and the launch of <keyword id="5998804" type="General" weightage="20" keywordseo="Aditya-L1" source="Orion">Aditya-L1</keyword>, India's first solar mission. These milestones not only secured India's standing in the global space economy but also fueled the engines for the private space sector in India. On August 23, 2023, the Chandrayaan-3 mission created history with the successful soft landing on Moon's surface. India is now the first nation to reach near the Moon's unexplored South Pole and ranks amongst the top four nations to carry out a soft landing on the lunar surface. Chandrayaan-3 is India's third lunar mission and the second attempt to land softly on the moon's surface. It's part of the Chandrayaan program, a series of missions developed by the Indian Space Research Organisation (ISRO) to explore the moon. The mission consists of a Vikram lunar lander, a Pragyan lunar rover, and a propulsion module that carries the spacecraft from Earth orbit to lunar orbit. Additionally, in a major milestone, India placed its first dedicated solar mission, the Aditya-L1 spacecraft, in the Halo orbit. The country went gaga over this historic achievement, especially since this mission came at the back of India's moon landing, the Chandrayaan-3 mission. Aditya-L1 reached Lagrange Point L1 which is about 1.5 million km from earth. The PSLV-C57.1 rocket carrying the Aditya-L1 orbiter lifted off successfully from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, in September.

You Searched For "Global space economy" and got 10 results

Budget 2024: How will budget affect India’s position in the global space race?

Ankush Banerjee

Climate Action 15: 2024's top global innovators powering green solutions

Insider Inc.

Diamonds in the Sky: Scientists want to inject diamonds into our atmosphere to cool the planet!

BI India Bureau

China is sending military gear into orbit at a 'mind-boggling' pace, says US Space Force chief

Hannah Abraham

China just released aggressive measures to boost its economy — but some analysts say it's still not enough

Huileng Tan

Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth

Polly Thompson

AI will reshape the global labor force. Employers will need to help their workers keep up.

Tim Paradis

5 careers in the space industry that new grads should focus on, according to a VC

Robin Madell

The most immediate threat to China's economy isn't external. It's internal.

Huileng Tan

European Space Agency Director praises ISRO, calls India's accomplishments in space "astonishing"

ANI

Popular Keywords

Buying Guides