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President Droupadi Murmu, on Friday visited an exhibition to showcase space technologies and achievements, at Bharat Mandapam, on the maiden <keyword id="22301946" type="General" weightage="100" keywordseo="National-Space-Day" source="keywords">National Space Day</keyword>. Union Minister Dr Jitendra Singh and <keyword id="19915124" type="General" weightage="20" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="153" meta.entityid="ISRO">ISRO</keyword> Chairman S Somanath were also present. <keyword id="19939985" type="General" weightage="20" keywordseo="President-Murmu" source="keywords">President Murmu</keyword> extended her greetings on the occasion of the first National Space Day and welcomed the decision to celebrate Space Day on the day <keyword id="19990220" type="General" weightage="20" keywordseo="Chandrayaan" source="keywords">Chandrayaan</keyword> landed on the <keyword id="19899207" type="General" weightage="20" keywordseo="moon" source="keywords">Moon</keyword>. "It was a glorious moment for all the Indians when ISRO's Chandrayaan landed on the moon. I saw the live telecast of that moment, I was so proud that day like other Indians. To celebrate National Space Day on this occasion is a commendable step. I congratulate all of you on the first National Space Day. ISRO has achieved many feats since its inception". She also expressed her happiness with the student's participation in the event "Happy to see students' participation in this event." Highlighting the significance of <keyword id="19929542" type="General" weightage="20" keywordseo="space-exploration" source="keywords">space exploration</keyword>, she added "Space exploration has extended human's ability and help complete the imagination of humankind. Space exploration is exciting and challenging at the same time. Health, transportation, environment, energy, security and information technology are benefitted due to the growth in the <keyword id="20242397" type="General" weightage="20" keywordseo="space-sector" source="keywords">space sector</keyword>". The president termed the growth of the ISRO as extraordinary, "The growth of <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword>'s space sector is extraordinary, be it Mangalyan mission that was accomplished through minimum resources or launching more than 100 satellites at a time. we have achieved many such feats". She also praised the introduction of private players in the space sector in the country, "Introducing of the private sector in Indian has led to the formation of many <keyword id="22829456" type="General" weightage="20" keywordseo="space-start-ups" source="keywords">space start-ups</keyword> in India. This has allowed the youths of India to explore the space sector". Expressing her happiness about ISRO's plan to make <keyword id="20793131" type="General" weightage="20" keywordseo="space-mission" source="keywords">space mission</keyword> debris-free she said "I am happy that India is moving towards making India's space mission debris-free by 2030". India celebrated its first-ever National Space Day on Friday on the theme "Touching Lives While Touching the Moon: India's Space Saga". On 23 August 2023, India achieved a historic milestone when the Chandrayaan-3 lander completed a soft landing on the moon. This remarkable accomplishment made India the 4th country to accomplish this feat and the 1st to land on the lunar South Pole. In recognition of this achievement, Prime Minister Narendra Modi has declared August 23 as National Space Day.

"A glorious moment for all Indians when Chandrayaan landed on moon" says President Murmu on National Space Day

India is set to celebrate its first <keyword id="22301946" type="General" weightage="100" keywordseo="National-Space-Day" source="keywords">National Space Day</keyword> on August 23, 2024. In 2023, on this very day, <keyword id="20376714" type="General" weightage="20" keywordseo="Chandrayaan-3" source="keywords">Chandrayaan 3</keyword> accomplished the safe and soft landing of <keyword id="21074312" type="General" weightage="20" keywordseo="Vikram-Lander" source="keywords">Vikram Lander</keyword> on the <keyword id="20381887" type="General" weightage="20" keywordseo="lunar-surface" source="keywords">lunar surface</keyword>. India became the fourth country to land on the moon and the first to land near the southern polar region of the moon. The <keyword id="19909265" type="General" weightage="20" keywordseo="Union-Government" source="keywords" meta.keywordsubtype="org" meta.entityname="Union Government" meta.hostid="261" meta.entityid="Union Government">Union Government</keyword> has declared August 23rd as "National Space Day" to celebrate the remarkable success of the Chandrayaan-3 Mission, which accomplished a safe and soft landing of the Vikram Lander and deployed the <keyword id="22760272" type="General" weightage="20" keywordseo="Pragyaan-rover" source="keywords">Pragyaan rover</keyword> on the lunar surface near the South Pole. This achievement is being celebrated across the country with the goal of engaging and inspiring the younger generation in the field of <keyword id="21280701" type="General" weightage="20" keywordseo="Space-Science" source="keywords">Space Science</keyword> and Technology. To commemorate this historical achievement, the Department of Fisheries (DoF), <keyword id="19923385" type="General" weightage="20" keywordseo="Government-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Government of India" meta.hostid="261" meta.entityid="Government of India">Government of India</keyword> (GoI), is organizing a series of seminars and demonstrations, to create awareness about the Application of Space Technologies in the Fisheries Sector. The events are being organized in collaboration with various coastal States and Union Territories, <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> and DoF field offices. Earlier, the notification issued by the Department of Space said India became the first country to land near the South pole of the moon with the success of the Chandrayaan-3 Mission. "With the success of the Chandrayaan-3 Mission on August 23, 2023, with the landing of the Vikram lander and deployment of the Pragyaan Rover on the lunar surface, India joins an elite group of Space faring nations becoming the fourth country to land on the moon and the first nation to land near to South pole of the moon," said the notification. "The outcome of this historic mission will benefit mankind in the years to come," it added. The notification said the day marks an important milestone in the country's advancements in space missions, will inspire younger generations towards enhanced interest in pursuing <keyword id="19960286" type="General" weightage="20" keywordseo="stem" source="keywords">STEM</keyword> and will provide a major impetus to the space sector. "The Government of India has declared August 23 of every year as 'National Space Day' to commemorate this historic moment," it said.

India set to celebrate first National Space Day on August 23

President Droupadi Murmu on Friday voiced concern over increasing <keyword id="20715750" type="General" weightage="20" keywordseo="space-debris" source="keywords">space debris</keyword> as a result of numerous satellites being placed in orbit and lauded <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> for setting itself a target to make future <keyword id="20018231" type="General" weightage="20" keywordseo="space-missions" source="keywords">space missions</keyword> debris free by 2030. Murmu was speaking at the celebration of the maiden <keyword id="22301946" type="General" weightage="20" keywordseo="National-Space-Day" source="keywords">National Space Day</keyword> celebrations to mark the first anniversary of the landing of India's Chandrayaan-3 project. "Space debris can cause problems for space missions," she said during the event at Bharat Mandapam in New Delhi that was attended by Union minister Jitendra Singh, Indian Space Research Organisation (ISRO) Chairman S Somanath, engineers, ISRO scientists and representatives of the country's nascent space industry. The president appreciated the ISRO System for Safe &amp; Sustainable Operations Management facility, which ensures continuous progress of space research activities. "I am also happy to note that India is moving forward to make all its space missions debris free by 2030," Murmu said. The president presented awards to winners of the Robotics Challenge and the Bharatiya Antariksh Hackathon on the occasion. The president said ISRO had made remarkable achievements in the space sector as well as invaluable contributions to the country's social and economic development. She appreciated the dedicated scientists who placed India's space programme among the best in the world by using minimum resources. Murmu also expressed confidence that the country would make continuous progress in space science and continue to set new standards of excellence. The president said the progress of India's space sector was extraordinary. "Be it a successfully completed Mars mission with limited resources or the successful launch of more than a hundred satellites at once, we have made many impressive achievements," Murmu said. The president said space exploration had increased the capabilities of human beings and transformed imagination into reality. "But space exploration is a challenging task. Research conducted to solve the problems during space exploration accelerates the development of science and improves human life," she said. The president said many sectors, including health and medicine, transportation, security, energy, environment and information technology, had benefited from developments in the space sector. The president pointed out that with the opening of the space sector to private entities, the number of start-ups had increased at a very rapid pace. "This has not only brought progress in space research but also given new opportunities to our youth to showcase and hone their talents," Murmu said. The president said she was happy to note that just a few months ago, an Indian company successfully launched a single-piece 3D-printed semi-cryogenic engine-powered rocket, the first such achievement. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms">2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</a> <a href="https://www.businessinsider.in/tech/how-to/how-to-add-music-to-instagram-profile/articleshow/112732934.cms">You can now add music to your Instagram profile – here's how</a> <a href="https://www.businessinsider.in/business/auto/news/audi-q8-facelift-launched-in-india-with-a-1-17-crore-price-tag/slidelist/112707701.cms">Audi Q8 facelift launched in India with a ₹1.17 crore price tag</a>

President Murmu voices concern over increasing space debris

India's journey through space missions and milestones

Perth: (The Conversation) Last week, three tiny Australian satellites from Curtin University's <keyword id="23932163" type="General" weightage="20" keywordseo="Binar-Space-Program" source="keywords" meta.keywordsubtype="org" meta.entityname="Binar Space Program" meta.hostid="261" meta.entityid="Binar Space Program">Binar Space Program</keyword> burned up in Earth's atmosphere. That was always going to happen. In fact, Binar means "fireball" in the Noongar language of the First Nations people of Perth. When a satellite is in low Earth orbit (2,000km or less), it experiences orbital decay as it drags closer and closer to the surface, eventually burning up. But these cube satellites (<keyword id="21533654" type="General" weightage="20" keywordseo="CubeSats" source="keywords">CubeSats</keyword>), known as Binar-2, 3 and 4, entered the atmosphere much sooner than originally planned. They only lasted for two months - a third of what was expected. This significantly reduced valuable time for science and testing new systems. The reason for their untimely demise? Our Sun has kicked into high gear, and the Binar satellites are far from the only casualty. Recent high <keyword id="20792842" type="General" weightage="100" keywordseo="Solar-activity" source="keywords">solar activity</keyword> has been causing an unexpected headache for satellite operators in the last few years, and it's only increasing. <h2>Why is the Sun so active? </h2> Solar activity includes phenomena such as sunspots, solar flares and solar wind - the stream of charged particles that flows toward Earth. This activity is a product of the Sun's ever-changing magnetic field, and approximately every 11 years, it completely flips. At the midpoint of this cycle, solar activity is at its highest. While this cycle is known, specific solar activity is challenging to predict - the dynamics are complex and solar forecasting is in its infancy. In the last few months, indicators of solar activity were more than one and a half times higher than predictions for this point in the current cycle, labelled <keyword id="22712826" type="General" weightage="20" keywordseo="solar-cycle-25" source="keywords">solar cycle 25</keyword>. <h2>The impact of <keyword id="20087207" type="General" weightage="20" keywordseo="space-weather" source="keywords">space weather</keyword> </h2> Space weather refers to the environmental effects that originate from outside our atmosphere (mostly the Sun). It affects us on Earth in a variety of noticeable and unnoticeable ways. The most obvious is the presence of auroras. In the past few months, auroras have been visible far more intensely and closer to the equator than in the last two decades. This is a direct result of the increased solar activity. Space weather, and solar activity in particular, also creates additional challenges for satellites and satellite operators. Higher solar activity means more solar flares and stronger solar wind - resulting in a higher flux of charged particles that can damage or disrupt electrical components on satellites. It also means an increase in ionising radiation, resulting in a higher dose for astronauts and pilots, and potential disruptions to long-distance radio communications. But for satellites in low Earth orbit, the most consistent effect of solar activity is that the extra energy gets absorbed into the outer atmosphere, causing it to balloon outward. As a result, all satellites less than 1,000km from Earth experience a significant increase in <keyword id="23473319" type="General" weightage="20" keywordseo="atmospheric-drag" source="keywords">atmospheric drag</keyword>. This is a force that disrupts their orbit and causes them to fall towards the planet's surface. Notable satellites in this region include the International Space Station and the Starlink constellation. These satellites have thrusters to counteract this effect, but these corrections can be expensive. Low Earth orbit also contains many university satellites, such as the Binar CubeSats. Cube satellites are rarely equipped with tools that can adjust their altitude, so they're entirely at the mercy of space weather. <h2>What happened to Binar? </h2> The Binar Space Program is a satellite research program operating out of Curtin University. It aims to advance our understanding of the Solar System and lower the barrier for operating in space. The program began operations with its first satellite, Binar-1, in September 2021. This was less than a year into solar cycle 25 when solar activity was relatively low. In these conditions, the ten-centimetre cube satellite started at an altitude of 420km and survived a full 364 days in orbit. The program's follow-up mission - Binar-2, 3, and 4 - were three equally sized CubeSats. However, they were expected to last approximately six months owing to the extra surface area from new deployable solar arrays and a forecast increase in solar activity. Instead, they only made it to two months before burning up. While cube satellite missions are relatively cheap, the premature ending of a mission will always be costly. This is even more true for commercial satellites, highlighting the need for more accurate space weather forecasting. The good news is the Sun will calm down again. Despite the current unexpectedly high solar activity, it will likely slow down by 2026, and is expected to return to a solar minimum in 2030. While this was not an explicit goal of the mission, the Binar Space Program has now poignantly demonstrated the dramatic effects of solar activity on space operations. While the untimely loss of Binar-2, 3 and 4 was unfortunate, work has already begun on future missions. They are expected to launch into far more forgiving space weather. (The Conversation).

Right now, the Sun is far more active than predicted - and small satellites are paying the price

<ul class="summary-list"><li><a target="_blank" href="https://www.businessinsider.com/hurricane-milton-category-five-threatens-florida-fema-funding-2024-10">Hurricane Milton</a>, now a Category 4, is expected to hit Florida's west coast Wednesday.</li><li>Milton rapidly intensified on Monday, with winds reaching up to 180 mph.</li></ul>The Sunshine State is bracing for more severe weather in the wake of <a target="_blank" class="" href="https://www.businessinsider.com/florida-real-estate-worth-it-home-prices-insurance-hurricane-helene-2024-10">Hurricane Helene</a>.Hurricane Milton rapidly intensified to a Category 5 storm on Monday, leading Florida Gov. Ron DeSantis to declare a state of emergency for <a target="_blank" class="" href="https://www.flgov.com/2024/10/07/governor-ron-desantis-issues-updates-on-state-preparedness-efforts-for-hurricane-milton-2/">51 counties</a> along Florida's western shores.Several counties, including Charlotte, Hillsborough, and Manatee, have <a target="_blank" class="" href="https://www.floridadisaster.org/evacuation-orders/">mandatory evacuation orders</a>, with more expected as the storm approaches.<h2 id="6d7179f3-3193-4034-b4be-6e0045da1e3f">See Hurricane Milton's rapid evolution from space</h2>On Sunday, Milton's maximum wind speed was 65 mph. By Monday, it had increased to 155 mph as it made its way across the Gulf of Mexico toward Florida, according to the <a target="_blank" class="" href="https://www.star.nesdis.noaa.gov/GOES/floater.php?stormid=AL142024#tab2">National Hurricane Center</a>.NOAA's GOES-16 satellite is tracking Hurricane Milton <a target="_blank" class="" href="https://www.businessinsider.com/before-after-satellite-photos-hurricane-helene-destruction-florida-2024-10">from space</a>. Here's a snapshot of the storm's evolution, beginning early Saturday afternoon as a tropical storm with 35 mph winds.<div type="image" title="shot of hurricane milton from noaa satellite" height="1000" width="1000" msid="114058033" hostid="261" sizebytes="211296"></div>Here's how it looked by Monday afternoon as a Category 5 hurricane with max winds of 180 mph. NOAA forecasters said the storm was moving erratically through the southern Gulf of Mexico.<div type="image" title="satellite imagery of hurricane milton over gulf of mexico" height="2000" width="2000" msid="114058030" hostid="261" sizebytes="678030"></div>Milton is one of the most <a target="_blank" class="" href="https://www.businessinsider.com/hurricanes-intensity-climate-change-warming-water-2020-10">rapidly intensifying storms</a> within the Atlantic Basin."This intensification rate is third for the Atlantic basin, behind Hurricane Wilma (2005) and Hurricane Felix (2007), which intensified by 105 mph and 100 mph, respectively," Stephanie Zick, an associate professor for Virginia Tech's Department of Geology, told Business Insider in an email.Astronauts aboard the <a target="_blank" class="" href="https://www.businessinsider.com/astronaut-spend-355-days-orbit-international-space-station-2022-9">International Space Station</a> took this video Monday morning as they flew over the Category 5 storm from a safe distance of 250 miles above Earth. Zick said the reason for Milton's rapid intensification is partly due to the size of the storm's eyewall — the region of thunderstorms and high winds just outside of the calm, central eye."The storm started out with a <a target="_blank" class="" href="https://www.businessinsider.com/why-hurricane-maria-bad-dreaded-pinhole-eye-2017-9">relatively small eyewall</a>," Zick said. "Additionally, the eyewall contracts as it intensifies, similar to how an ice skater's spinning rate speeds up as they pull their arms inward."By Tuesday morning, Hurricane Milton had lost some of its strength and is now a Category 4. This isn't necessarily good news for Florida.Even if the storm weakens, Zick said, its eye could grow larger, which would increase the overall wind field."The larger wind field will generate a larger surge, so it's important that Florida residents follow evacuation orders regardless of the exact intensity," Zick said.Milton is <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-milton-airports-close-evacuation-flights-american-airlines-florida-2024-10">forecast to land over Florida</a>, near Tampa, on Wednesday night. You can see it approaching the state in one of the latest satellite images taken Tuesday morning by GOES-16.<div type="image" title="satellite imagery of hurricane milton" height="2000" width="2000" msid="114058032" hostid="261" sizebytes="586276"></div>If the storm reaches land during high tide, it could bring with it a storm surge as high as 10 to 15 feet in Tampa Bay, according to the <a target="_blank" class="" href="https://www.nhc.noaa.gov/archive/2024/al14/al142024.public_a.012.shtml?">NHC</a>.<h2 id="8a26859c-78cc-410a-a43e-05455f691e0e">Hurricane season is not over</h2>With Hurricane Milton following close behind Hurricane Helene, which landed over Florida on September 27, it may seem like this sudden uptick in storms is abnormal.Matthew Rosencrans, the lead hurricane season forecaster with NOAA's Climate Prediction Center, said that's not the case.Storms forming over the Gulf are typical for the month of October, though it's slightly abnormal to see this level of activity so early in the month since it usually happens toward the latter half, he said.Rosencrans added that Milton is probably not the last storm we'll see this season.He advised people who are not being impacted now but live in hurricane-prone areas to double-check their supplies and be prepared. "Unfortunately, the hurricane season is not over until November 30th, so I cannot say that this is the last one," he said.

Hurricane Milton morphed into a Category 5 in 2 days. Take a look at the storm's rapid evolution from space.

<ul class="summary-list"><li>Rolls-Royce is in talks with potential customers for its nuclear reactors, per the Financial Times.</li><li>Rolls-Royce has been working on so-called micronuclear reactors for over three years.</li></ul>Rolls-Royce is in early-stage talks with potential customers for its compact nuclear reactors, which are designed to power data centers on Earth and one day to be sent into space, the <a target="_blank" class="" href="https://www.ft.com/content/50ccf53b-132e-46d3-86eb-83abd33264b0">Financial Times reported</a>. The so-called microreactors have a much smaller power output than traditional small modular reactors but are more transportable due to their smaller size. Jake Thompson, the company's director of novel nuclear and special projects, told the FT the reactor could provide energy solutions for data centers, mining, and remote communities. A spokesperson for Rolls-Royce confirmed to Business Insider that it is in early-stage talks with potential customers. Big Tech companies — including Google, Amazon, and Microsoft — have expressed interest in <a target="_blank" class="" href="https://www.businessinsider.com/google-nuclear-power-ai-data-centers-2024-10">nuclear power to meet</a> AI's high energy demands. Rolls-Royce believes the growing international interest in nuclear power will increase the demand for microreactors for both Earthbound and space applications, the FT reported. Thompson told the FT that Rolls-Royce's focus has been on building a reactor that is "really small, small enough so you could load it onto a rocket and send it into space."The company has been working on the technology for over three years, first collaborating with the UK Space Agency in 2021 to study how nuclear power could support space exploration.In July 2024, Rolls-Royce was awarded funding from the agency's National Space Innovation Programme, or NSIP, for space nuclear power. The company<a target="_blank" class="" href="https://www.rolls-royce.com/media/press-releases/2024/22-07-2024-rolls-royce-awarded-national-space-innovation-programme-funding-for-space-nuclear-power.aspx"> said in a statement at the time </a><a target="_blank" href="https://www.rolls-royce.com/media/press-releases/2024/22-07-2024-rolls-royce-awarded-national-space-innovation-programme-funding-for-space-nuclear-power.aspx">that the £4.8m</a> award from NSIP would help to advance the development and demonstration of key technologies in the space nuclear microreactor market.The company said the NSIP's project had a total cost of £9.1 million ($11.5 million) and aimed to progress the microreactor's "overall technology readiness level."

Rolls-Royce is in talks to use its compact nuclear reactors to power data centers and space missions

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Happy Veterans Day, and thanks to all those who have served! Diet starts Monday, as they say, so why not take some advice from Super Bowl-winning quarterback Drew Brees. He spoke to Business Insider about <a target="_blank" rel="noopener" href="https://www.businessinsider.com/drew-brees-simple-wellness-rules-2024-11">five simple wellness rules he lives by</a>.In today's big story, Silicon Valley is getting excited about what Donald Trump's second term <a target="_blank" href="https://www.businessinsider.com/elon-musk-could-help-deregulate-tech-amid-a-trump-victory-2024-11">could mean for its businesses</a>.What's on deck:<ul><li>Markets: The Wall Streeters advising Trump's transition team <a target="_blank" href="https://www.businessinsider.com/wall-street-advisor-trump-lutnick-schwarzman-warsh-federal-reserve-2024-11">on key economic appointments</a>.</li><li>Tech: Check out our Tesla salary database that shows how Elon Musk courts 'hardcore' workers <a target="_blank" href="https://www.businessinsider.com/tesla-salary-database-elon-musk-pay-strategy-2024-11">with potentially lucrative stock grants</a>.</li><li>Business: The anxiety over high prices has <a target="_blank" href="https://www.businessinsider.com/retirement-saving-inflation-cost-of-living-crisis-investing-401k-pensions-2024-11">some Americans oversaving</a>.</li></ul>But first, time to get things going again.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">United States of Startups</h2><div type="image" title="Photo illustration of laptop, stacks of coins, stars and stripes" height="960" width="1920" msid="115186105" hostid="261" sizebytes="101980"></div>The startup community is ready to be let off its leash.VCs and founders are hopeful about what they anticipate to be a much looser environment for building and dealmaking under President-elect Donald Trump.Tech was always viewed as a beneficiary of the deregulation expected in Trump's second term. But Elon Musk potentially playing a role in the Trump administration means <a target="_blank" href="https://www.businessinsider.com/elon-musk-could-help-deregulate-tech-amid-a-trump-victory-2024-11">Silicon Valley could benefit even more</a>, writes Business Insider's Samantha Stokes, Riddhi Kanetkar, and Helen Li.One VC compared Musk streamlining the government to a "chainsaw through calcified butter."Even those who weren't rooting for Trump <a target="_blank" href="https://www.businessinsider.com/silicon-valley-trump-return-startups-venture-capital-2024-11">see benefits to a potential hands-off approach to their space</a>, which has faced turmoil in recent years.After years of big funding rounds, high-profile deals, and flashy IPOs, the startup environment has been much more rocky recently. There are many reasons for that — high interest rates, an uncertain economy, the market being somewhat overvalued — but a Biden administration that took a hard line on M&amp;A played a key role.FTC commissioner Lina Khan's attempt to block multiple deals has chilled the industry. Acquisitions are startups' most viable exit opportunity with the IPO window largely closed.The industry became somewhat stuck in place. Money tied up in startups couldn't be reinvested, and employees working at young companies waited for a liquidity event.<div type="image" title="Trump in shadow" height="1279" width="1920" msid="115186097" hostid="261" sizebytes="20896"></div>Trump's impact on the industry's hottest segment — artificial intelligence — isn't as clear.The space is already evolving as some of the biggest companies in the world are picking sides and consolidating power with partnerships and investments in high-profile startups. That was evident last week with a report that Amazon <a target="_blank" rel="noopener" href="https://www.businessinsider.com/anthropic-gaining-on-openai-ai-market-2024-11">was considering investing in Anthropic again</a>.The US is already investigating Microsoft and Nvidia over their AI dealings. Trump's deregulation approach could free up the space.But regulators launched investigations and filed lawsuits against Big Tech during Trump's first term. The president-elect also has a <a target="_blank" href="https://www.businessinsider.com/donald-trump-presidency-affect-big-tech-2024-11">complicated relationship with tech giants</a>, even threatening to <a target="_blank" href="https://www.businessinsider.com/donald-trump-mark-zuckerberg-sent-prison-elected-truth-social-2024-7">send Meta's Mark Zuckerberg to jail</a>. And Vice President-elect JD Vance previously said Khan is "doing a pretty good job" in her antitrust enforcement.Musk has also had run-ins with Zuckerberg, Amazon's Jeff Bezos, and OpenAI's Sam Altman, and his AI startup, xAI, is looking to compete in the space.And then there's Trump's immigration policy. The president-elect pledged to conduct mass deportations of undocumented immigrants. It's unclear if and how he might reshape the legal immigration system <a target="_blank" href="https://www.businessinsider.com/trump-immigration-policy-ai-tech-worker-shortage-2024-11">that places high-skilled workers from outside the US in tech jobs</a>, including those in AI.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>The coming <a target="_blank" href="https://www.businessinsider.com/coming-reign-only-child-americans-fewer-babies-siblings-costs-2024-11">reign of the only child</a>.</li><li>Elon Musk has named his <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-pushes-rick-scott-for-senate-majority-leader-2024-11">top choice for Senate majority leader</a>.</li><li>Forget swing states. Here's how the generations <a target="_blank" rel="noopener" href="https://www.businessinsider.com/how-generations-voted-trump-harris-gen-z-gen-x-boomers-2024-11">flipped on Election Day</a>.</li><li>What needs to go right for Intel, <a target="_blank" rel="noopener" href="https://www.businessinsider.com/intel-dow-jones-ai-chip-lag-2024-11">and what happens if it doesn't</a>.</li><li>Trump's plan for Social Security will help baby boomers in the short run and <a target="_blank" href="https://www.businessinsider.com/trump-tax-cuts-social-security-boomers-benefit-fund-depletion-2024-11">cut benefits for anyone younger</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="Donald Trump and the Wall St. sign" height="1500" width="2000" msid="115186103" hostid="261" sizebytes="227372"></div><ol><li>Who Trump is turning to on Wall Street for advice. Cantor Fitzgerald CEO Howard Lutnick is co-chair of Donald Trump's transition team, and he's looking to his Wall Street peers for help. Apollo CEO Marc Rowan, Blackstone CEO Steve Schwarzman, and Charles Schwab are reportedly <a target="_blank" href="https://www.businessinsider.com/wall-street-advisor-trump-lutnick-schwarzman-warsh-federal-reserve-2024-11">some of the people lending their expertise to Lutnick</a>.</li><li>Citadel Securities just poached a 20-year Microsoft vet. Herb Sutter is joining Ken Griffin's market maker <a target="_blank" rel="noopener" href="https://www.businessinsider.com/why-citadel-securities-hired-coding-expert-microsoft-herb-sutter-2024-11">in a new tech leadership role</a>. Sutter is an expert in C++, the coding language that underpins most of Citadel Securities' technology.</li><li>Bitcoin's big hopes for Trump 2.0. The self-described "crypto president" flipped from cynic to cheerleader during his campaign. Now that he's headed back to the White House, crypto supporters hope for <a target="_blank" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-industry-donald-trump-election-reserve-regulation-sec-2024-11">regulatory overhaul and an expanded mainstream role</a> for the digital currency.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Elon Musk" height="1500" width="2000" msid="115186106" hostid="261" sizebytes="652194"></div><ol><li>Inside Tesla's high-risk, high-reward compensation strategy. BI secured access to an internal Tesla salary database covering nearly 100,000 employees as of December 2021. The data reveals Elon Musk's pay strategy: <a target="_blank" href="https://www.businessinsider.com/tesla-salary-database-elon-musk-pay-strategy-2024-11">Lower salaries, bigger stock grants</a>.</li><li>How Reddit went mainstream. Not long ago, Reddit wasn't for everyone. It was a dark, weird little corner that prided itself on free speech but could quickly get ugly for users. Today, Reddit's community-driven content attracts users who would rather rely on human input than AI. <a target="_blank" href="https://www.businessinsider.com/reddit-mainstream-google-traffic-stock-revenue-human-users-2024-11">In that sense, it's a bit like the new Google</a>.</li><li>Behind Nvidia's plans to build robot brains. Nvidia robotics executive Rev Lebaredian told BI about the chipmaker's plans to tackle its newest frontier, bridging generative AI and physical robotics. The secret? <a target="_blank" href="https://www.businessinsider.com/rev-lebaredian-spearheads-nvidias-omniverse-push-in-ai-and-robotics-2024-11">Visualize the future, then build it</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="woman anxious in a pile of money with a house on top." height="846" width="1128" msid="115186104" hostid="261" sizebytes="133984"></div><ol><li>The high cost-of-living has some Americans going overboard with saving. Plenty of people in the US live paycheck to paycheck, but a growing cohort is doing the opposite. Despite having solid finances, anxiety about high prices has them <a target="_blank" href="https://www.businessinsider.com/retirement-saving-inflation-cost-of-living-crisis-investing-401k-pensions-2024-11">saving more than is recommended</a>. Stockpiling cash could ultimately cost them as they miss out on investment gains.</li><li>Don't poll the election; bet on it. In the weeks leading up to his victory, polls showed a virtual tie between Donald Trump and Kamala Harris. Yet prediction markets showed a solid Trump lead, proving what proponents have long argued: they can be more accurate than traditional polling. <a target="_blank" href="https://www.businessinsider.com/betting-markets-polls-trump-election-win-polymarket-kalshi-2024-11">Prediction markets' biggest cheerleaders explained why</a>.</li><li>Economists say Trump will give Americans the very thing they voted against. High prices helped Trump get elected. Experts say his proposals of <a target="_blank" href="https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11">lower taxes, higher tariffs, and mass deportations will be inflationary</a>. It could also make the Fed's recent rate-cut relief painfully short-lived if it's forced to hike rates again in response.</li></ol><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>It's Veterans Day. The nation's largest commemorative parade takes place in New York City.</li><li>The World Meteorological Organization releases the "State of the Climate" update at the UN's climate-change summit in Azerbaijan.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Hallam Bullock, senior editor, in London. Ella Hopkins, associate editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

Startups are ready to thrive under Trump, but some uncertainty remains in a key corner of the space

<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

<keyword id="20021374" type="General" weightage="20" keywordseo="Sriharikota" source="keywords">Sriharikota</keyword>: <keyword id="19915124" type="General" weightage="100" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="261" meta.entityid="ISRO">ISRO</keyword> on Friday launched its third and final <keyword id="22763595" type="General" weightage="20" keywordseo="developmental-flight" source="keywords">developmental flight</keyword>, <keyword id="22803030" type="General" weightage="20" keywordseo="Small-Satellite-Launch-Vehicle-D3" source="keywords">Small Satellite Launch Vehicle-D3</keyword>, carrying <keyword id="21767253" type="General" weightage="20" keywordseo="Earth-Observation-Satellite" source="keywords">Earth Observation Satellite</keyword> EOS-08. The rocket lifted off majestically from the first launch pad at the <keyword id="20021373" type="General" weightage="20" keywordseo="Satish-Dhawan-Space-Centre" source="keywords" meta.keywordsubtype="org" meta.entityname="Satish Dhawan Space Centre" meta.hostid="261" meta.entityid="Satish Dhawan Space Centre">Satish Dhawan Space Centre</keyword> here, situated about 135 km east of Chennai at a pre-fixed time of 9.17 am. The objectives of the SSLV-D3-EOS-08 mission include designing and developing a microsatellite and creating payload instruments compatible with the microsatellite bus, the Bengaluru-headquartered national space agency said. Built on the Microsat/IMS-1 bus, EOS-08 carries three payloads--Electro Optical Infrared Payload (EOIR), Global Navigation Satellite System-Reflectometry payload (GNSS-R) and SiC UV Dosimeter. The EOIR payload is designed to capture images in the Mid-Wave IR (MIR) and Long-Wave IR (LWIR) bands, both during the day and night, for applications such as satellite-based surveillance, disaster monitoring, environmental monitoring, fire detection, volcanic activity observation and industrial and power plant disaster monitoring. The GNSS-R payload demonstrates the capability of using GNSS-R-based remote sensing for applications such as ocean surface wind analysis, soil moisture assessment, cryosphere studies over the Himalayan region, flood detection, and inland waterbody detection. The SiC UV Dosimeter monitors UV irradiance at the viewport of the Crew Module in the Gaganyaan Mission and serves as a high-dose alarm sensor for gamma radiation.

ISRO's final developmental flight lifts off from Sriharikota spaceport

<ul class="summary-list"><li>Sir Peter Beck has built Rocket Lab into a $3.5 billion space company and SpaceX competitor.</li><li>The New Zealander didn't go to university and started out building rockets in his spare time.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> dominates space with <a target="_blank" class="" href="https://www.businessinsider.com/spacex-elon-musk">SpaceX</a> — but one of his biggest rivals, who got his start strapping rockets to anything with wheels, thinks that's about to change.Sir Peter Beck, the founder of Rocket Lab, does not have the typical background for the CEO of a billion-dollar company.The New Zealand native <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-impressed-rocket-lab-ceo-beat-jeff-bezos-orbit-2023-5">didn't go to college</a> and spent time working at a dishwasher manufacturer before starting the rocket firm, which now has <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/rklb-stock">a market cap of $3.5 billion</a>.In his spare time, he experimented with rockets and jet engines, building rocket packs, bikes, and even rocket-powered rollerblades. "The original plan was to go and work for NASA. But I went on a bit of a rocket pilgrimage and soon learned that a foreign national with no university degree would be highly unlikely to land any kind of position at NASA," Beck said in a recent conversation with Business Insider."Even if I did, I couldn't really see one singular person in that organization affecting any kind of meaningful change," he added.<h2 id="d1848003-7fd3-406d-a777-2cdaad70e6a3">Taking on Elon Musk</h2>Now, Beck has built Rocket Lab into one of the world's most prominent space companies, behind only SpaceX in the number of commercial rocket launches it conducts.The company's small-scale Electron rocket <a target="_blank" class="" href="https://www.rocketlabusa.com/updates/rocket-lab-successfully-launches-50th-electron-mission-deploys-satellites-for-kineis/">celebrated its 50th launch earlier this year</a>. A new, larger rocket, named Neutron, is expected to be <a target="_blank" class="" href="https://www.rocketlabusa.com/updates/rocket-lab-completes-successful-first-hot-fire-of-archimedes-engine-for-neutron-rocket/">launched in mid-2025</a>.Beck describes Neutron as a direct competitor to SpaceX's Falcon 9 rocket. Like the Falcon, it will be <a target="_blank" class="" href="https://www.businessinsider.com/spacex-falcon-9-launches-updates-schedule">partially reusable</a> and aims to transport cargo into orbit at a fraction of the <a target="_blank" class="" href="https://www.nbcnews.com/science/space/space-launch-costs-growing-business-industry-rcna23488">cost of traditional rockets</a>."Neutron is really important for two reasons. One, we need to bring some balance to the market with the Falcon 9, but we also need a vehicle of our own to launch our own satellites and put our own stuff in orbit," said Beck.SpaceX, which conducts <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-blue-origin-faa-spacex-starship-super-heavy-launches-2024-6">more rocket launches than any other company or country</a>, looms over the rest of the space industry — and its sheer size has sometimes caused tension with rivals.<div type="image" title="Elon Musk" height="683" width="1024" msid="112781111" hostid="261" sizebytes="21386"></div>Beck <a target="_blank" class="" href="https://www.nytimes.com/2024/05/28/us/politics/elon-musk-space-launch-competition.html">told The New York Times</a> in May that SpaceX sets some of its launch prices below what they cost the company to undermine emerging competitors — a charge that SpaceX disputes.SpaceX did not respond to a request for comment. Speaking to BI, Beck said SpaceX's "monopoly" was no accident, but added that he thinks Musk has pushed the industry forward."They're very good at building rockets and very good business people as well," he said."I think there's probably some questionable practices in there, but it's just business at the end of the day. You either compete or die, and that's absolutely fine. It certainly spurs us along, and if the Falcon line wasn't so dominant, then we may not have even looked at building the Neutron," Beck added.Nevertheless, the Rocket Lab CEO believes adding a rocket that can compete with SpaceX's Falcon 9 will offer businesses valuable choices — especially companies building rivals to SpaceX's satellite internet service Starlink but still have had to <a target="_blank" href="https://www.bbc.co.uk/news/science-environment-60825386">rely on the company to put their satellites into orbit</a>."There is a number of customers that are putting up competing platforms, and you can imagine that's a fairly uncomfortable situation," said Beck.Amazon, which is building a rival satellite internet network called Project Kuiper, <a target="_blank" class="" href="https://www.businessinsider.com/amazon-strikes-deal-with-spacex-for-satellite-launch-partnership-2023-12">struck a deal last year to use SpaceX's rockets</a> to put some of its satellites into orbit.<h2 id="b02b9a69-bbc6-43d2-a22c-9754a613ae71">The new space race</h2>Beck is more skeptical about some of Elon Musk's grandiose plans for SpaceX. The billionaire has frequently discussed <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-plan-colonize-mars-plan-unrealistic-scientists-explain-2023-10">his intention to use Starship, his company's newest giant rocket, to colonize Mars</a>.In July, The New York Times <a target="_blank" class="" href="https://www.nytimes.com/2024/07/11/technology/elon-musk-spacex-mars.html">reported</a><a target="_blank" href="https://www.nytimes.com/2024/07/11/technology/elon-musk-spacex-mars.html"> — citing sources familiar with the matter —</a> that SpaceX employees had been <a target="_blank" href="https://www.businessinsider.com/elon-musk-denies-volunteering-sperm-to-start-a-martian-colony-2024-7">directed to draw up plans for a Martian city</a>. Musk also reportedly suggested that up to one million people could be living on the planet within the next 20 years.Beck said such an endeavor would require "tens of thousands" of Starship rockets, and expressed doubt over its value. "I guess I'm a capitalist at the end of the day. Is there a market to go to Mars? I don't know," he said."Elon wants to go to Mars for his reasons, but I'm focused on building a profitable, enduring space company. So my view of the world is a little bit different. I have no desire to put a footprint on Mars," Beck said.<div type="image" title="SpaceX's Starship spacecraft and Super Heavy rocket on the launchpad." height="1012" width="1678" msid="112781107" hostid="261" sizebytes="24128"></div>Despite the success of commercial companies like SpaceX and Rocket Lab in recent years, the space industry is still notoriously difficult to break into, with high-profile companies such as the <a target="_blank" class="" href="https://www.businessinsider.com/man-accused-of-bogus-200-million-virgin-orbit-bailout-sec-2024-6">Richard Branson-backed Virgin Orbit collapsing</a>.Beck said the ultimate test of a space company was being able to "put something on the launchpad that works."He pointed to the rise of Rocket Lab as evidence that space, once the domain of big governments and large defense contractors, is now there for the taking for smaller firms and startups."The reality of the space industry being once just a completely government-dominated domain where the large defense companies would gobble up the various contracts is over," he said."In the last 10 years, we have really witnessed the democratization of space," he added.

You Searched For "National Space Day" and got 11 results

"A glorious moment for all Indians when Chandrayaan landed on moon" says President Murmu on National Space Day

ANI

India set to celebrate first National Space Day on August 23

ANI

President Murmu voices concern over increasing space debris

PTI

India's journey through space missions and milestones

Kapil Yadav

Right now, the Sun is far more active than predicted - and small satellites are paying the price

PTI

Hurricane Milton morphed into a Category 5 in 2 days. Take a look at the storm's rapid evolution from space.

Jessica Orwig,Jenny McGrath

Rolls-Royce is in talks to use its compact nuclear reactors to power data centers and space missions

Beatrice Nolan

Startups are ready to thrive under Trump, but some uncertainty remains in a key corner of the space

Dan DeFrancesco

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

Hannah Abraham

ISRO's final developmental flight lifts off from Sriharikota spaceport

PTI

One of SpaceX's biggest rivals on competing with Elon Musk and the new space race

Tom Carter

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