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☆ How an airplane toilet works at 40,000 feet: The extraordinary science behind everyday flying
▼ + stars: | 2024-03-09 | by ( Julia Buckley | ) edition.cnn.com time to read: +18 min

And most important of all, how does a toilet work at 40,000 feet? Matthias Balk/dpa/picture alliance/Getty ImagesUsing water to flush airplane toilets is a no go because of aircraft weight restrictions. When you press the flush button, a valve opens at the bottom of the toilet bowl, connecting it to a pipe below. Airplanes have never deliberately shot their toilet waste into the atmosphere, not even in the old days, says Jones. The onboard air circulation of today isn’t just about keeping healthy – it also controls how passengers feel, especially on longhaul flights.

Persons: Al St, Germain, who’s, James Kemper, Matthias Balk, biggie, ”, Nigel Jones, Jones, it’s, that’s, “, Martin Leissl, Nik Sennhauser, Jones –, bev, ” Kris Major, he’s, Don Buchman, – Buchman, Buchman, “ It’s, St Organizations: CNN, Delta, “, Kingston University, UK’s Royal Aeronautical Society, Airlines, JAL, Al Nippon Airways, Oman Air, Boeing, Airplanes, British Airways, Bloomberg, Getty, European Transport Workers ’ Federation Joint, Viasat, Netflix, Pilots, JetBlue, Germain . British Airways, US, American Airlines, Environmental Protection Agency, Airbus Locations: St, London, It’s, Japanese, Oman, Antarctica, London’s Heathrow, Europe, what’s, North America, New York City, Madrid, Rio de Janeiro, New York, Atlanta, Dallas, Chicago, Iberia, Southwest

☆ Beware these value traps, Wolfe Research says
▼ + stars: | 2024-02-21 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Some stocks on Wall Street that are attractively valued could come with a steep catch, according to Wolfe Research. With stocks starting to fall, investors may begin to think some names are a good value when they are not. Wolfe screened for potential value traps in a note Thursday. Short interest hovers at 5% of the company's float, and Wolfe noted Walgreens' anticipated earnings deceleration of 165% is a warning sign for the stock. WBA YTD mountain Walgreens stock.

Persons: Wolfe, Stocks, Michael Bloom Organizations: Wolfe Research, Caesars Entertainment, LSEG, Caesars Palace, FactSet, Caesars, Walgreens Boots Alliance, Walgreens, WBA, Dow Jones, ViaSat, Alaska Air, Shift4

☆ Stocks making the biggest moves after hours: Chipotle, Snap, Ford, Warner Bros. Discovery and more
▼ + stars: | 2024-02-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Viasat — Shares in the communications firm gained more than 5% after Viasat surpassed Wall Street estimates for revenue in the third quarter. The company notched revenue of $1.13 billion while analysts polled by FactSet forecast $1.11 billion. Analysts polled by LSEG expected the company to earn 77 cents per share on revenue of $3.24 billion. Chipotle — Shares added nearly 3% after beating Wall Street estimates on the top and bottom lines in the fourth quarter.

Persons: FactSet, LSEG, Chipotle Organizations: Mercury, Viasat —, Viasat, Wall, FactSet, LSEG, Corp, —, Gilead Sciences, Gilead Sciences — Stock, Ford — Stock, Ford, Disney, Warner Bros, Discovery, Fox Corp, Fox, Warner Bros ., ESPN Locations: Gilead, Gilead Sciences —

☆ Russia really wants to stop Ukraine using Elon Musk's Starlink satellites
▼ + stars: | 2024-01-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +8 min

Russia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, analysts said. AdvertisementRussia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, according to space warfare analysts. Since the start of the war, Russia has been using jamming systems to try and deny Ukrainian forces access to commercial satellites. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a response on the network — is shorter. She said Starlink satellites are both "resilient" and "agile," with Starlink operators constantly updating their software to overcome Russian attacks.

Persons: Elon Musk's, It's, —, Brian Weeden, Weeden, MADS CLAUS RASMUSSEN, Kari Bingen, Bingen, Sauli Niinisto, Joe Biden, Elon Musk, Starlink, ї Bingen, Сили Спецальних Операцй ЗС Украни Organizations: Elon, Service, Russia, Business, SpaceX, Aerospace Security, International Security, Center for Strategic, International Studies, CSIS's Aerospace Security, Viasat, Reuters, Pentagon, Space Watch, The Washington Post, KU, Ukraine's Special Forces, Telegram Locations: Russia, South Funen, Denmark, Ukraine, American, Europe, Finland's, Kaliningrad, Finland, NATO, Russian, Leer, Ukrainian, Ukraine's Donetsk

☆ Everyone's buzzing about AI — including plenty of people who clearly don't understand it
▼ + stars: | 2024-01-17 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

BINigel Vaz, CEO of Publicis Sapient, a consulting firm, compares the buzz around AI to the early days of the internet. BINela Richardson, chief economist at ADP, told BI there's a big learning gap on what constitutes AI. Much of what is being called "generative AI" has been around for decades, while much of what workers think is AI is actually automation. Similarly, Guru Gowrappan, CEO of ViaSat, a communications operator, says many companies are just talking about AI at Davos — but not actually doing much with it. And some of them are just recategorizing what they were doing to call it AI," he tells BI.

Persons: —, I've, Davos — I've, Sheila Warren, there's, Warren, Nigel Vaz, Publicis, Vaz, Bain, Nela Richardson, Richardson, Ivana Bartoletti, Guru Gowrappan, Gowrappan Organizations: Service, Economic, Business, Davos —, Crypto, VR, Infosys, IBM, Accenture, Consulting, ADP, Wipro, ViaSat, Davos Locations: Davos

☆ Space investment rebounded in 2023 with heavy sector M&A, report says
▼ + stars: | 2024-01-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Investment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New York-based Space Capital. The firm's fourth-quarter report found that space infrastructure companies brought in $2.6 billion of private investment during the period. Top raises during the fourth quarter included funds announced by space companies Firefly Aerospace, Ursa Major, D-Orbit, Stoke Space and True Anomaly. The quarterly Space Capital report divides investment in the industry into three technology categories: infrastructure, distribution and application. Space infrastructure companies have been resilient through the recent downturn.

Persons: Chad Anderson, Anderson Organizations: Infrastructure, Space Capital, Firefly Aerospace, Ursa, Space, CNBC Locations: New York

☆ Seth Klarman's Baupost bought 23 million shares of this data analytics stock last quarter
▼ + stars: | 2023-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Seth Klarman's Baupost Group snapped up millions of shares in a little-known data analytics stock in the third quarter, according to the latest regulatory fillings. The value-oriented, Boston-based hedge fund opened a 22.5-million share position in Clarivate Plc worth some $151 million in the third quarter, according to Baupost's 13F filing to the Securities and Exchange Commission. CLVT YTD mountain Clarivate shares this year Klarman picked up the stock as London-based Clarivate tumbled nearly 30% in the third quarter. Still, it's a relatively small position for Baupost, failing to crack the fund's top 10 holdings by dollar value, according to InsiderScore. The loss would be worse, but since the start of the fourth quarter, Dollar General is almost 15% higher.

Persons: Seth Klarman's Baupost, Klarman, Baupost, Willis, Watson Organizations: Securities and Exchange Commission, Jacobs Solutions, Semiconductor, Fidelity National, Viasat . Holdings, Amazon and Union Pacific Locations: Boston, Clarivate, London, Qorvo, Amazon

☆ Viasat posts upbeat sales on satellite-based broadband services strength
▼ + stars: | 2023-11-08 | by ( Pratik Jain | ) www.reuters.com time to read: +2 min

A Viasat corporate logo is shown on a sign at the company's headquarters in Carlsbad, California, U.S. March 9, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 8 (Reuters) - Viasat (VSAT.O) reported second-quarter revenue on Wednesday that beat Wall Street estimates on strength in the segment that offers satellite-based broadband services. The satellite communications firm now expects full-year 2024 actual revenue to rise in the range of $4.10 billion to $4.25 billion. The forecast includes 10 months of contributions from British satellite rival Inmarsat, which Viasat acquired for $7.3 billion in May. The company's ViaSat-3 Americas satellite, which launched in April, suffered an antenna issue during deployment, while communications satellite from Inmarsat malfunctioned after launching to space in February.

Persons: Mike Blake, Guru Gowrappan, Gowrappan, Pratik Jain, Shounak Dasgupta, Shilpi Majumdar Organizations: Viasat, REUTERS, Wall, Reuters, ViaSat, Thomson Locations: Carlsbad , California, U.S, North America, British, Americas, Bengaluru

☆ Starlink achieves cash-flow breakeven, says SpaceX CEO Musk
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

SpaceX founder and Tesla CEO Elon Musk speaks on a screen during the Mobile World Congress (MWC) in Barcelona, Spain, June 29, 2021. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsNov 2 (Reuters) - SpaceX CEO Elon Musk said on Thursday the rocket company's satellite internet unit, Starlink, had achieved cash flow breakeven. In 2021, Musk said SpaceX would spin off and take Starlink public once its cash flow was reasonably predictable. Starlink has been in the spotlight since last year as it helps provide Ukraine with satellite communications key to its war efforts against Russia. SpaceX is valued at about $150 billion and is one of the most valuable private companies in the world.

Persons: Elon Musk, Nacho, Musk, Starlink, Chavi Mehta, Joey Roulette, Shinjini Organizations: SpaceX, Mobile World Congress, REUTERS, Viasat, Russia, NASA, Wall Street, Thomson Locations: Barcelona, Spain, Ukraine, Gaza, Bengaluru, New York

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dollar Tree, Amazon, Alphabet, Toll Brothers and more
▼ + stars: | 2023-10-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "

Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI

☆ Stocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and more
▼ + stars: | 2023-10-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast $6.67 in earnings per share on $16.74 billion in revenue. Dollar Tree — The discount retailer jumped 4.8% after getting an upgrade from Goldman Sachs to buy from neutral. Analysts polled by LSEG forecast an adjusted $2.52 in earnings per share and $21.04 billion in revenue. Goldman Sachs earned $5.47 per share on revenue of $11.82 billion, exceeding LSEG estimates.

Persons: Lockheed Martin, chipmakers, Goldman Sachs, Johnson, LSEG, Wyndham, Brian Essex, Hannon Armstrong, Morgan Stanley, Fortrea, Jeff Smith, —, Samantha Subin, Alex Harring, Lisa Kailai Han, Pia Singh, Sarah Min, Tanaya Macheel Organizations: Lockheed, LSEG, Circor, Nvidia, U.S . Department of Commerce, Marvell Technology, Devices, Broadcom, Goldman, Bank of America, Bank of New York Mellon, Wyndham Hotels, Resorts, Wyndham, Choice, JPMorgan, VF Corp, Viasat —, Hannon Armstrong Sustainable Infrastructure Capital, Systems Locations: China

☆ Viasat won't replace damaged Americas satellite, moves up financial targets
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023. Viasat shares rose on Thursday after the company said it expects to meet financial growth targets earlier than expected and that it won't need to replace a damaged $750 million communications satellite. Viasat expects to be free cash flow positive in the first half of 2025, earlier than the second half of 2025 it previously forecast. The company in July disclosed the malfunction with the recently launched Viasat-3 Americas satellite, also known as "ViaSat-3 F1," that occurred while deploying the reflector of the spacecraft's antenna. Together, the pair of Viasat insurance claims total $768 million, which industry executives previously expected would roil the specialty space insurance market.

Organizations: ViaSat, Viasat Locations: Florida, Americas

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

☆ Viasat says it will not replace satellite that malfunctioned
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Satellite model is placed on Viasat logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 12 (Reuters) - Viasat (VSAT.O) said it expects to recover less than 10% of the planned throughput on ViaSat-3 F1, its satellite that malfunctioned during deployment in July, but it was confident it could meet the needs of its customers without replacing it. It also said it now expects to reach sustainable positive free cash flow during the first half of the 2025 calendar year rather than the second half, excluding the positive impact of satellite insurance proceeds. Viasat, which bought its British rival Inmarsat in May, said it had insurance coverage of $420 million in place for ViaSat-3 F1 and it would finalize its claim before the end of the year. Shares in the group have lost as much as two-thirds of their value since the malfunction in July.

Persons: Dado Ruvic, Inmarsat, Paul Sandle, Mark Porter Organizations: Viasat, REUTERS, ViaSat, Thomson Locations: U.S

☆ FCC issues first-of-its-kind space debris fine against Dish
▼ + stars: | 2023-10-02 | by ( Jackie Wattles | ) edition.cnn.com time to read: +3 min

“This marks a first in space debris enforcement by the Commission, which has stepped up its satellite policy efforts,” the FCC said in a news release. The objects could pose a risk of colliding with active satellites, the International Space Station or other pieces of debris, further exacerbating the risk of in-space collisions. It was launched to geostationary orbit — a field of space that begins about 22,000 miles (36,000 kilometers) above Earth — in 2002. But, according to the FCC, Dish did not leave enough fuel on board the satellite to make that maneuver possible. But geostationary orbit remains home to large, expensive telecommunications satellites, such as those operated by Dish, Intelsat, SES and Viasat.

Organizations: CNN — Satellite, Dish Network, Federal Communications Commission, Commission, FCC, Space, Dish, Intelsat, SES, Viasat

☆ Investing in Space: Industry enters new era with tight funding and SpaceX dominance
▼ + stars: | 2023-09-14 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. BogeymanSpaceX feels a bit like Voldemort here: Whether it's the launch or satellite communications markets, SpaceX's dominance was a hot topic. While the company hasn't made any claims yet, the insurance market ramifications are looming. Because I think the one issue that creates dysfunction in this insurance market is … do you have enough volume to make up for this loss? … They're trying to figure out what 2024 is going to hold."

Persons: CNBC's Michael Sheetz, SpaceX's Starlink, Uninsurable, hasn't, Here's, they've, … They're, –, Jonathan Baliff, Henry Dubois, Adam Spice, EXIM, Judith Pryor, Pryor, there's Organizations: SpaceX, We're Locations: Paris, U.S

☆ Buy this defense technology stock as acquisitions add long-term value, Citi says
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Citi says L3Harris Technologies ' short-term growth headwinds are outweighed by expanding defense budgets. The bank resumed coverage of the defense technology stock on Monday with a buy rating and a $193 per share price target. L3Harris stock has slumped nearly 19% since the start of the year, after falling in three of the five years from 2018 through 2022. LHX YTD mountain L3Harris Technologies stock. "Execution is key at this point given elevated leverage after a recent string of acquisitions," Gursky said.

Persons: Jason Gursky, Rocketdyne, Gursky, — CNBC's Michael Bloom Organizations: Citi, L3Harris Technologies, U.S Locations: Ukraine

☆ Telesat buys SpaceX launches for Lightspeed internet satellites
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. The agreement covers 14 launches of the Canadian venture's Lightspeed internet satellites. SpaceX has used its rockets to launch communications satellites for companies that compete directly or indirectly with its global Starlink internet network. These deals come as an Amazon shareholder alleges the company snubbed SpaceX for launch contracts of the tech giant's Kuiper internet satellites. Earlier this summer Telesat announced a swap in the manufacturer of its Lightspeed satellites, with Canadian space company MDA taking the place of French-Italian manufacturer Thales Alenia Space.

Persons: Elon Musk's, Dan Goldberg, Goldberg, Jeff Bezos, Glenn, Starlink, Telesat Organizations: PARIS, SpaceX, Elon, Elon Musk's SpaceX, Canadian, Lightspeed, CNBC, Viasat, Glenn, New Glenn, SpaceX's, MDA, Thales Alenia Space Locations: Italian

☆ Viasat reports second satellite malfunction in a matter of weeks
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An artist's rendering of an I6 satellite in orbit. A second Viasat communications satellite is malfunctioning in orbit, this time from the fleet of recently acquired U.K.-based Inmarsat, the company said on Thursday. Airbus manufactured the satellite and is, alongside Viasat, assessing whether the satellite can be recovered for use. The malfunction with the satellite, inherited by Viasat after closing its $7.3 billion acquisition of Inmarsat in May, comes weeks after the Carlsbad, California-company disclosed that its highly anticipated, $750 million ViaSat-3 Americas satellite suffered a malfunction. That satellite launched in December and provides communications services above the Indian Ocean.

Persons: Inmarsat Organizations: Viasat, Airbus, CNBC, Inmarsat, ViaSat Locations: Carlsbad , California, Americas

☆ Investing in Space: A guide to satellites
▼ + stars: | 2023-08-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +6 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Last year I wrote about the key terms investors should know about the steps involved in a rocket launch, to give a guide for what phrases mean in context. A number of you found that launch guide helpful, so I'm back with another synthesized glossary – but this time for satellites! We've seen a couple of satellites going awry this summer, and I've gotten questions like: "Dang, I thought the launch was successful?" Processing: Mounting the satellite to the rocket and making sure the satellite is healthy, fueled up and ready for launch.

Persons: CNBC's Michael Sheetz, I've, it's Organizations: Manufacturers, Iridium Locations: Intelsat's, Americas

☆ Hackers figured out 3 separate ways to break into US Air Force satellites, and won up to $50K for doing it
▼ + stars: | 2023-08-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +2 min

For the first time, a competition saw hackers break into a US Air Force satellite in orbit. It was part of an annual event held to stress-test the satellites against real security threats. This winners, the Italian team mHACKeroni, took home $50,000. For the first time, the hackers were asked to attack a real satellite in space — the US Air Force Moonlighter, which was deployed specifically for the event. Italian team mHACKeroni won the US Air Force's fourth annual Hack-A-Sat competition by hacking into a satellite in space.

Persons: mHACKeroni, Sarah McNulty Organizations: US Air Force, Service, US Space Force, Politico, jmp, US Air, Systems Command, Viasat, Air, Financial Times Locations: Wall, Silicon, Las Vegas, Russia, China, Poland, American, Ukraine

☆ Baupost's Seth Klarman builds new stake in Amazon, adds a discount retailer to his portfolio
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Baupost Group's Seth Klarman picked up a few stocks last quarter during the market rally, including tech giant Amazon and discount retailer Dollar General . The billionaire hedge fund manager bought $125 million worth of Amazon shares in the second quarter when the e-commerce juggernaut rallied more than 26%. Klarman has traded in and out of Amazon in the past year. He also bought $41 million worth of Dollar General , as well as $36 million of Union Pacific shares last quarter. Shares of the retailer fell nearly 20% in the second quarter as it slashed its full year outlook after missing Wall Street's estimates for quarterly earnings.

Persons: Baupost, Seth Klarman, Klarman, Warren Buffett, Benjamin Graham's, Klarman hasn't Organizations: Union Pacific, Oracle, Boston, Liberty Global, ViaSat, Liberty Media, CNBC Locations: Union, Baupost

☆ Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
▼ + stars: | 2023-08-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Viasat has approximately $420 million in insurance on the malfunctioning satellite, "which is nearly half of the net book value" of ViaSat-3 Americas, putting its value at about $750 million. Viasat brought in $780 million in revenue during the quarter, a 36% increase compared to the same period last year. It reported a net loss of $77 million for the quarter, wider than a net loss of $21.6 million a year ago. As of the end of quarter, Viasat had $5.5 billion in net debt, with about $2 billion in cash and equivalents. Despite the issues, Viasat forecast that revenue will grow further in fiscal year 2025.

Persons: Mark Dankberg, K, Guru Gowrappan, Dankberg, Northrop Organizations: Viasat, ViaSat, Northrop Grumman, Inmarsat Locations: Americas, Africa

☆ Many Americans think NASA returning to the moon is a waste of time and it should prioritize asteroid hunting instead, a poll shows
▼ + stars: | 2023-08-04 | by ( Mariel Borowitz | Teasel Muir-Harmony | The Conversation | ) www.businessinsider.com time to read: +10 min

A new report from the Pew Research Center shows most Americans support NASA but not a moon mission. But the specific priorities of the US space program have often been at odds with public opinion. Although somewhat at odds with the national space agenda, this valuation is not new. In addition, the United Nations' open-ended working group on reducing space threats has been meeting since 2022 to help avoid conflict in space. Countries have been working within the United Nations to develop and implement guidelines for the long-term sustainability of outer space activities.

Persons: LOREN ELLIOTT, Johns Hopkins, Jon Emmerich, Elon Musk, Ryan Saunders, Codie Trimble Organizations: Pew Research Center, NASA, Service, Getty Images, Artemis, Pew, SpaceX, AP, Virgin Galactic, . Air Force, 625th Strategic Communications Squadron, Vandenberg Space Force Base, Intercontinental Ballistic Missile, US Air Force, Staff, ViaSat, United Nations, Space Agency Space Locations: Wall, Silicon, United States, AFP, States, Europe, Japan, Canada, China, Russia, Ukraine War, Ukrainian, Ukraine, United

Elon Musk’s Unmatched Power in the Stars The tech billionaire has become the dominant power in satellite internet technology. Today, more than 4,500 Starlink satellites are in the skies, accounting for more than 50 percent of all active satellites. 53% of active satellites are Starlink.” The Starlink satellites are highlighted and are all operating in low-Earth orbit. How Starlink customers connect to the internet Starlink satellites orbit at much lower altitudes than traditional satellite internet services. “Everywhere on earth will have high bandwidth, low latency internet,” Mr. Musk predicted on the Joe Rogan podcast in 2020.

Persons: Elon Musk’s, Mark, Valeriy Zaluzhnyi, Elon Musk, Zaluzhnyi, General Zaluzhnyi, Musk, Musk’s, ”, Starlink’s, ” Mykhailo Fedorov, Mr, Biden, ” Dmitri Alperovitch, Sir Martin Sweeting, Sweeting, Mike Blake, Patrick Seitzer, Rafael Schmall, Joe Rogan, Jeff Bezos, Starlink, Russia —, Fedorov, —, Clodagh Kilcoyne, Nancy Pelosi, Colin H, Kahl, Lynsey Addario, messaged Mr, Lloyd Austin, Gregory C, Allen, we’ve, Mykhailo Podolyak, Volodymyr Zelensky, Jason Hsu, Hsu, “ Elon, Michael McCaul of, Tsai Ing, Tsai, Audrey Tang, Mariana Suarez, Thierry Breton, SpaceX, Chérif El, Amazon Organizations: Joint Chiefs of Staff, Ukraine’s Armed Forces, SpaceX, Tesla, Twitter, Mr, U.S . Defense Department, NASA, Senior Pentagon, The Defense Department, Starlink, European Union, Silverado, Accelerator, Surrey Satellite Technology, Reuters, Airbus, Earth, Getty, Satellite, University of Michigan, National Science Foundation, Rivals, Amazon, Origin, Viasat, Pentagon, CNN, The New York Times, U.S, Defense Department, Center for Strategic, International Studies, Elon, Harvard Kennedy School, Republican, House Foreign Affairs, OneWeb, Agence France, European, United Nations Locations: Ukraine, United States, Iran, Turkey, Japan, Starlink, Crimea, Russian, Starlinks, Europe, Taiwan, China, Beijing, British, Colorado, Cape Canaveral, Fla, —, California, Florida, Latin America, Africa, Nigeria, Mozambique, Rwanda, Ukrainian, Russia, Kreminna, Aspen, Colo, Kherson's, Kherson, Dnipro, Shanghai, Taipei, Michael McCaul of Texas, del, Uruguay, European Union

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