Connect with us

Published

on

Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm Space Capital said. Decades-high inflation, rapidly rising interest rates and the Ukraine war have roiled global financial markets, forcing investors to evaluate their investment strategies and focus on companies with viable products in the market.

Investments in space technology companies, which collect, process and analyze space-related data, have fallen 80 percent in the third quarter to about $1 billion (roughly Rs. 8,200 crore) from nearly $5 billion (roughly Rs. 41,200 core) in the year-earlier period, Space Capital said in a report.

“Venture Capitalists are refocusing on enterprise software-as-a-service companies and away from deep tech companies that provide solutions based on engineering innovation,” New York-based Space Capital said.

VC investment volume in space companies fell 44 percent, compared with a broader market decline of 31 percent, it added.

VC firms “are looking to reduce their exposure to capital intensive companies with low or long-term profitability models,” Space Capital’s managing partner, Chad Anderson, told Reuters.

“This is why space’s infrastructure layer will be the hardest hit during the economic downturn.”

The downbeat sentiment has also hit publicly traded “new space” companies such as Rocket Lab USA, Astra Space, Spire Global, and Satellogic, whose shares have fallen between 49 percent and 92 percent.

Many investors who explored aerospace last year have backed away, said William Kowalski, co-founder of Atomos Space, which makes spacecraft that help satellites maneuver in space.

“Fundraising has been challenging, but it has allowed more capital efficient companies to stand out,” he said.

© Thomson Reuters 2022


Affiliate links may be automatically generated – see our ethics statement for details.

Continue Reading

Science

Voyager 2’s Flyby Sheds Light on Uranus’s Magnetic Mystery

Published

on

By

Voyager 2's Flyby Sheds Light on Uranus's Magnetic Mystery

A recent analysis of 38-year-old data from NASA’s Voyager 2 spacecraft has provided fresh insights into the unique magnetosphere of Uranus, according to a study published on November 11 in Nature Astronomy. During Voyager 2’s 1986 flyby, Uranus’ magnetosphere was found to be unexpectedly distorted by a blast of solar wind. The findings suggest that the planet’s magnetic field behaves unlike any other in the solar system.

Findings Highlight Unusual Magnetic Structures

Jamie Jasinski, a planetary scientist at NASA’s Jet Propulsion Laboratory and California Institute of Technology, and lead author of the study, noted that Voyager 2’s timing happened to coincide with an intense solar wind event, a rare occurrence near Uranus. This compression of Uranus’s magnetosphere, seen only around 4% of the time, is thought to be responsible for the unique measurements Voyager captured. Had the spacecraft arrived even a week earlier, Jasinski observed, these conditions would likely have been different, possibly leading to alternative conclusions about Uranus’s magnetic characteristics.

Unlike Earth, Uranus exhibits a complex “open-closed” magnetic process, influenced by its extreme axial tilt. This tilt subjects Uranus to highly variable solar wind effects, resulting in a magnetosphere that opens and closes cyclically.

Implications for Future Uranus Exploration

The study’s conclusions go beyond Uranus itself, offering insights into the magnetic behaviours of its outermost moons, including Titania and Oberon. These moons, it turns out, lie within Uranus’s magnetosphere rather than outside it, making them candidates for investigations into subsurface oceans through magnetic field detection. As Jasinski highlighted, these conditions would simplify detecting any magnetic signatures that suggest liquid beneath the moons’ icy surfaces.

While Voyager 2 remains the only mission to visit Uranus, the study’s findings underscore a growing interest in exploring the ice giant in greater detail.

Continue Reading

Science

Tajikistan rock shelter reveals ancient human migration routes

Published

on

By

Tajikistan rock shelter reveals ancient human migration routes

Archaeologists have uncovered a rock shelter in Tajikistan’s Zeravshan Valley that was occupied by multiple human species, including Neanderthals, Denisovans, and Homo sapiens, for over 130,000 years. Discovered along the Zeravshan River in the Inner Asian Mountain Corridor (IAMC), this site, known as Soii Havzak, provides new insight into the migration patterns of ancient humans. Researchers believe the IAMC may have facilitated interactions between these groups, offering clues about how they lived and possibly coexisted in Central Asia.

Discovery Along the Zeravshan River

A team led by Dr Yossi Zaidner, senior lecturer at the Institute of Archaeology at the Hebrew University of Jerusalem, recently excavated the site. Evidence of various human occupations was found, including stone tools and animal bones dating from 150,000 to 20,000 years ago. Zaidner noted that Central Asia’s IAMC could have served as a natural migration route, allowing distinct human populations to cross paths. “This discovery is crucial for understanding ancient human presence in Central Asia and how different human species may have interacted here,” he stated in a press release.

Significance for Human Migration and Interaction

Artifacts from Soii Havzak, including stone blades, rock flakes, crafted flints, and signs of fire use, suggest repeated use of the shelter by different human groups. The find highlights Central Asia’s significance in ancient migration routes, with the Zeravshan River likely serving as a pathway for early humans as they dispersed across continents.

A Pathway for Ancient Civilisations

Beyond its prehistoric importance, the Zeravshan Valley later became a key route on the Silk Road, linking distant civilisations such as China and Rome. Researchers expect further studies at Soii Havzak to shed light on the broader implications of this region in ancient human migration and cross-cultural interactions, aiming to deepen understanding of human history and evolution during the Middle Paleolithic era.

Continue Reading

Science

NASA’s Juno shows Jupiter’s storms and moon Amalthea up close

Published

on

By

NASA’s Juno shows Jupiter’s storms and moon Amalthea up close

NASA’s Juno spacecraft has delivered breathtaking images of Jupiter, highlighting the planet’s swirling, multicoloured storms and unique moons. During Juno’s 66th close flyby on October 23, the spacecraft approached the planet’s polar regions and captured close-up views of its fifth-largest moon, Amalthea. The raw images collected by JunoCam have since been processed by citizen scientists, who enhanced colours and contrasts to reveal Jupiter’s atmospheric details in a new light.

Spectacular Details of Jupiter’s Storms Revealed

Citizen scientist Jackie Branc processed one of Juno’s most striking images, showcasing a region on Jupiter called a Folded Filamentary Region (FFR), located near the planet’s subpolar areas. FFRs are known for their complex cloud patterns, which include white billows and fine, thread-like filaments. This recent image captures Jupiter’s stormy atmosphere with an emphasis on these fine details, giving scientists and the public alike a vivid view of the planet’s dynamic weather systems.

Juno’s data, available to the public online, allows enthusiasts and researchers to adjust image features such as contrast and colour balance. This collaborative effort has enabled a range of perspectives on Jupiter’s atmospheric bands, turbulent clouds, and powerful vortices.

Amalthea: A Close-Up of Jupiter’s Unique Moon

Juno also captured images of Amalthea, a small, potato-shaped moon only 84 kilometres in radius. In images processed by Gerald Eichstädt, the white balance was adjusted to distinguish Amalthea from the blackness of space, presenting the moon in stark relief. This view of Amalthea, with its rugged, irregular shape, adds to our understanding of Jupiter’s complex satellite system.

Launched in 2016, the Juno mission was originally planned to conclude in 2021, but its mission has been extended, with plans to end in September 2025. When its mission concludes, Juno will plunge into Jupiter’s atmosphere, marking the end of its successful exploration journey.

Continue Reading

Trending