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01 Nov 18:37

Entrepreneurial Space Age Began In 2009, Says Report

by BeauHD
"In July 2009, SpaceX launched its first commercial payload -- a 50kg Earth observation satellite for Malaysia -- which flew into space aboard a privately developed rocket," reports Ars Technica. "According to a new space investment report that will be published Tuesday by the Space Angels, an angel fund and a venture capital fund focused on space, which marked a key inflection point between the "governmental" space age and the "entrepreneurial" space age." From the report: "With that launch, SpaceX significantly lowered the barriers to entry in the space industry," the fund's chief executive, Chad Anderson, writes in the new report. "By vertically integrating, the company was able to drastically reduce the cost to get to orbit. But what deserves at least as much credit is their decision to publish their pricing, which fundamentally changed the way we do business in space. This transparency enabled would-be space entrepreneurs to develop a business plan and raise equity financing based on those cost assumptions." From 2009 through September 2017, the report finds that $12 billion in equity investments have been made in space, with annual amounts increasing significantly in 2015 and beyond to more than $2 billion per year. At $10 billion, launch services, landers, and satellites have accounted for the bulk of this investment since 2009. Aside from the SpaceX launch that year, other data supports the year 2009 as the beginning of an entrepreneurial space age in which the private sector began making investments to return profits from space-based activities. About 250 space ventures have received non-government equity funding, the report states, and, of those, 88 percent have been funded since 2009.

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02 Aug 02:15

Law Repressing Social Media, Bloggers Now In Effect In Russia

by timothy
An anonymous reader writes On Friday, Russia implemented a new law that significantly limits its citizens' online free speech. Under this new law, social media sites must "retain user data for at least six months...within the country's boundaries so it can be available for government inspection." Also, "bloggers with at least 3,000 daily readers must register with Roskomnadzor, the regulator that also oversees Russia's main media outlets." This, of course, means that popular bloggers will no longer be able to remain anonymous.

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22 Jun 15:25

Prometheus

"Prometheus has stolen fire from the gods."

"Well, sort of..." - xkcd