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With The SpaceX Falcon Heavy Launch A Success, Can You Invest In Elon Musk’s Mission To Mars? – Forbes

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Key Takeaways

  • SpaceX completed a successful launch of the most powerful rocket in the world, the Falcon Heavy.
  • It’s just the latest successful launch for the rocket, which is expected to help land NASA astronauts on the Moon and potentially even send humans to Mars.
  • SpaceX recently completed a further venture capital raise, valuing the company at $127 billion.
  • Regular investors aren’t likely to be able to get in with SpaceX, but there are other ways to gain exposure to the private space sector and other cutting edge tech investments.

In all the hoopla surrounding Elon Musk’s privatization of Twitter, the sacked executives and the blue check mark commotion, it can be easy to forget that he also has a number of other side projects on the go.

If you can call aiming to colonize Mars a side project.

Elon Musk is surely the most prolific Founder and CEO of this generation and potentially, of all time. He’s currently the Founder and/or CEO of Tesla, Twitter, Neuralink, The Boring Company, OpenAI and SpaceX.

It’s kind of incredible that launching rockets into space blends in with the rest of his accomplishments, but here we are. SpaceX has now been around for a surprisingly long time. It first started back in 2002 and the aim even back then was to eventually develop technology that would enable the colonization of Mars.

Musk has spoken at length about the importance of the human race becoming a ‘multi-planetary’ species. This issue has come to the forefront in recent years with climate change causing concern for what Earth may look like in the future.

As you’d expect, progress in the space exploration sector is slow, but SpaceX has essentially created the private space industry, which is now seeing multiple new entrants including Jeff Bezos’ Blue Origin and Richard Branson’s Virgin Galactic.

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The latest SpaceX Falcon Heavy launch was a success

This week SpaceX launched their Falcon Heavy, the most powerful rocket in the world, for the first time in three years. Through a combination of technical problems and lack of demand for their ‘courier services’ during the pandemic years, it’s been a long time between drinks.

SpaceX operates the rockets on behalf of many other organizations looking to access space. Their clients are wide ranging and include NASA, as well as the space programs from other nations and even wealthy private individuals.

This latest flight carried satellites on behalf of the US military and as you might expect with a client like that, further details are somewhat hard to come by.

The Falcon Heavy is still relatively new, with this being only the fourth launch since its first one back in 2018. That turned out to be quite the event, with Elon Musk launching his personal Tesla Roadster into space as a test payload. It’s still out there, taking a long trip around the Sun and towards Mars.

There were two further launches in 2019, with one of these missions another satellite delivery for the US Department of Defense and the other the launch of a large TV and phone satellite for Saudi Arabian headquartered Arabsat.

That doesn’t mean that the SpaceX engineers have been sitting around drinking coffee since then. The Falcon Heavy is only required for larger payloads due to its enormous level of power. Because of that, the smaller Falcon 9 rocket is used much more frequently, having conducted almost 50 launches so far in 2022.

One of the defining features of the SpaceX rockets is their ability to land back on Earth. Previously, rockets were ditched into the ocean rendering them useless for future missions. By creating the technology to have them land back safely on the ground, SpaceX are able to re-use vital components which aims to bring the overall cost down.

It’s considered a vital piece of the puzzle for making future space travel viable and their competitors are following suit.

SpaceX’s upcoming missions

After the long break from using the Falcon Heavy, there are a number of exciting missions in the near future.

In 2023 the company is expecting to launch the world’s first private lunar mission, called dearMoon. The project is being funded by Japanese billionaire Yusaka Maezawa and will involve a fly-by of the moon with Maezawa and six to eight other civilians on board.

The purpose of the flight has been stated as an art project, with Maezawa hoping that the experience of space will inspire creativity, with the subsequent art works to be exhibited back on Earth to promote world peace.

These billionaires don’t think small do they.

The Falcon Heavy is also part of the grander plan for landing humans and cargo on the Moon and, eventually, on Mars. SpaceX have been developing their own spacecraft, Starship, to work in conjunction with the Falcon Heavy rockets, which will help NASA complete their first manned mission to the Moon since 1972.

For SpaceX, the Starship project is also the craft that they believe will be able to eventually be used to go to Mars.

Can you invest in SpaceX?

SpaceX is a fully private company, just as Twitter now is. That means that for regular investors, getting a piece of the SpaceX pie is likely to be impossible unless you’re on first name terms with Elon himself.

But it’s not surprising that many investors want in. SpaceX is now the largest venture capital backed private company in the world, with the latest round of funding putting it at a valuation in the region of $127 billion.

To put that into context, that makes it more valuable than companies such as Goldman Sachs, Intel, Unilever, American Express, Starbucks and BP.

That’s not to say you can’t invest into the private space sector at all. There are a number of players in the space (pun intended) that are listed on public markets, which means investors can buy into the industry.

However, it’s a high risk game. As you’d expect, space exploration requires enormous levels of startup capital and the potential for things to go horribly wrong are very, very high.

Some examples are private space company Momentus (MNTS) which has seen its stock plummet almost 90% over the past 12 months, Astra Space (ASTR) which is down 93.95% in the last year and even Richard Branson’s spinoff Virgin Galactic (SPCE) is down over 75% over the same period.

All of these went public via SPACs and it hasn’t been a good ride for investors since.

There are other ways to gain access to the space sector without betting on high risk startups. Many of the world’s major aircraft manufacturers are heavily involved in the sector. Boeing (BOE) helped send the Apollo 11 astronauts to the moon and they’re still working on rockets for NASA today.

Boeing is currently building the Space Launch System for NASA, which will work alongside SpaceX technology to send humans back to the moon. They also built the Starliner capsule which transports people to and from the International Space Station.

As well as their own projects, Boeing has a joint project with another publicly traded company, Lockheed Martin (LMT) to provide launch vehicles to Blue Origin, NASA and others.

Invest in cutting edge technology

Private space exploration is an emerging sector that is likely to continue to grow in coming years, but it remains high risk. With high risk comes the potential for high returns, but it’s more important than ever to ensure investors have enough diversification to weather the almost certain volatility.

When it comes to the use of technology, we employ it heavily in creating our Investment Kits, using the power of AI and machine learning to predict returns across a huge range of different assets.

For tech focused investors, we’ve packaged this into our Emerging Tech Kit, which invests across four main verticals within the tech sector. These are large cap tech companies, new and growing tech companies, tech etfs and even cryptocurrencies via public trusts.

Every week our AI analyzes massive swathes of data and predicts how each of these verticals are going to perform each week, as well as which holdings within each vertical are expected to perform the best on a risk adjusted basis.

It then automatically rebalances the portfolio based on the best expected risk-adjusted returns and repeats this process every week.

Not only that, but we also offer Portfolio Protection with the Emerging Tech Kit. This utilizes our AI by assessing your portfolio’s sensitivity to risks such as interest rate risk, oil risk and overall market risk and then automatically implementing hedging strategies to counteract them.

It’s like having a personal hedge fund manager in your pocket.

Download Q.ai today for access to AI-powered investment strategies. When you deposit $100, we’ll add an additional $100 to your account.

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Here’s how Helene and other storms dumped a whopping 40 trillion gallons of rain on the South

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More than 40 trillion gallons of rain drenched the Southeast United States in the last week from Hurricane Helene and a run-of-the-mill rainstorm that sloshed in ahead of it — an unheard of amount of water that has stunned experts.

That’s enough to fill the Dallas Cowboys’ stadium 51,000 times, or Lake Tahoe just once. If it was concentrated just on the state of North Carolina that much water would be 3.5 feet deep (more than 1 meter). It’s enough to fill more than 60 million Olympic-size swimming pools.

“That’s an astronomical amount of precipitation,” said Ed Clark, head of the National Oceanic and Atmospheric Administration’s National Water Center in Tuscaloosa, Alabama. “I have not seen something in my 25 years of working at the weather service that is this geographically large of an extent and the sheer volume of water that fell from the sky.”

The flood damage from the rain is apocalyptic, meteorologists said. More than 100 people are dead, according to officials.

Private meteorologist Ryan Maue, a former NOAA chief scientist, calculated the amount of rain, using precipitation measurements made in 2.5-mile-by-2.5 mile grids as measured by satellites and ground observations. He came up with 40 trillion gallons through Sunday for the eastern United States, with 20 trillion gallons of that hitting just Georgia, Tennessee, the Carolinas and Florida from Hurricane Helene.

Clark did the calculations independently and said the 40 trillion gallon figure (151 trillion liters) is about right and, if anything, conservative. Maue said maybe 1 to 2 trillion more gallons of rain had fallen, much if it in Virginia, since his calculations.

Clark, who spends much of his work on issues of shrinking western water supplies, said to put the amount of rain in perspective, it’s more than twice the combined amount of water stored by two key Colorado River basin reservoirs: Lake Powell and Lake Mead.

Several meteorologists said this was a combination of two, maybe three storm systems. Before Helene struck, rain had fallen heavily for days because a low pressure system had “cut off” from the jet stream — which moves weather systems along west to east — and stalled over the Southeast. That funneled plenty of warm water from the Gulf of Mexico. And a storm that fell just short of named status parked along North Carolina’s Atlantic coast, dumping as much as 20 inches of rain, said North Carolina state climatologist Kathie Dello.

Then add Helene, one of the largest storms in the last couple decades and one that held plenty of rain because it was young and moved fast before it hit the Appalachians, said University of Albany hurricane expert Kristen Corbosiero.

“It was not just a perfect storm, but it was a combination of multiple storms that that led to the enormous amount of rain,” Maue said. “That collected at high elevation, we’re talking 3,000 to 6000 feet. And when you drop trillions of gallons on a mountain, that has to go down.”

The fact that these storms hit the mountains made everything worse, and not just because of runoff. The interaction between the mountains and the storm systems wrings more moisture out of the air, Clark, Maue and Corbosiero said.

North Carolina weather officials said their top measurement total was 31.33 inches in the tiny town of Busick. Mount Mitchell also got more than 2 feet of rainfall.

Before 2017’s Hurricane Harvey, “I said to our colleagues, you know, I never thought in my career that we would measure rainfall in feet,” Clark said. “And after Harvey, Florence, the more isolated events in eastern Kentucky, portions of South Dakota. We’re seeing events year in and year out where we are measuring rainfall in feet.”

Storms are getting wetter as the climate change s, said Corbosiero and Dello. A basic law of physics says the air holds nearly 4% more moisture for every degree Fahrenheit warmer (7% for every degree Celsius) and the world has warmed more than 2 degrees (1.2 degrees Celsius) since pre-industrial times.

Corbosiero said meteorologists are vigorously debating how much of Helene is due to worsening climate change and how much is random.

For Dello, the “fingerprints of climate change” were clear.

“We’ve seen tropical storm impacts in western North Carolina. But these storms are wetter and these storms are warmer. And there would have been a time when a tropical storm would have been heading toward North Carolina and would have caused some rain and some damage, but not apocalyptic destruction. ”

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Follow AP’s climate coverage at https://apnews.com/hub/climate

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Follow Seth Borenstein on Twitter at @borenbears

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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.

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‘Big Sam’: Paleontologists unearth giant skull of Pachyrhinosaurus in Alberta

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It’s a dinosaur that roamed Alberta’s badlands more than 70 million years ago, sporting a big, bumpy, bony head the size of a baby elephant.

On Wednesday, paleontologists near Grande Prairie pulled its 272-kilogram skull from the ground.

They call it “Big Sam.”

The adult Pachyrhinosaurus is the second plant-eating dinosaur to be unearthed from a dense bonebed belonging to a herd that died together on the edge of a valley that now sits 450 kilometres northwest of Edmonton.

It didn’t die alone.

“We have hundreds of juvenile bones in the bonebed, so we know that there are many babies and some adults among all of the big adults,” Emily Bamforth, a paleontologist with the nearby Philip J. Currie Dinosaur Museum, said in an interview on the way to the dig site.

She described the horned Pachyrhinosaurus as “the smaller, older cousin of the triceratops.”

“This species of dinosaur is endemic to the Grand Prairie area, so it’s found here and nowhere else in the world. They are … kind of about the size of an Indian elephant and a rhino,” she added.

The head alone, she said, is about the size of a baby elephant.

The discovery was a long time coming.

The bonebed was first discovered by a high school teacher out for a walk about 50 years ago. It took the teacher a decade to get anyone from southern Alberta to come to take a look.

“At the time, sort of in the ’70s and ’80s, paleontology in northern Alberta was virtually unknown,” said Bamforth.

When paleontogists eventually got to the site, Bamforth said, they learned “it’s actually one of the densest dinosaur bonebeds in North America.”

“It contains about 100 to 300 bones per square metre,” she said.

Paleontologists have been at the site sporadically ever since, combing through bones belonging to turtles, dinosaurs and lizards. Sixteen years ago, they discovered a large skull of an approximately 30-year-old Pachyrhinosaurus, which is now at the museum.

About a year ago, they found the second adult: Big Sam.

Bamforth said both dinosaurs are believed to have been the elders in the herd.

“Their distinguishing feature is that, instead of having a horn on their nose like a triceratops, they had this big, bony bump called a boss. And they have big, bony bumps over their eyes as well,” she said.

“It makes them look a little strange. It’s the one dinosaur that if you find it, it’s the only possible thing it can be.”

The genders of the two adults are unknown.

Bamforth said the extraction was difficult because Big Sam was intertwined in a cluster of about 300 other bones.

The skull was found upside down, “as if the animal was lying on its back,” but was well preserved, she said.

She said the excavation process involved putting plaster on the skull and wooden planks around if for stability. From there, it was lifted out — very carefully — with a crane, and was to be shipped on a trolley to the museum for study.

“I have extracted skulls in the past. This is probably the biggest one I’ve ever done though,” said Bamforth.

“It’s pretty exciting.”

This report by The Canadian Press was first published Sept. 25, 2024.

The Canadian Press. All rights reserved.

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The ancient jar smashed by a 4-year-old is back on display at an Israeli museum after repair

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TEL AVIV, Israel (AP) — A rare Bronze-Era jar accidentally smashed by a 4-year-old visiting a museum was back on display Wednesday after restoration experts were able to carefully piece the artifact back together.

Last month, a family from northern Israel was visiting the museum when their youngest son tipped over the jar, which smashed into pieces.

Alex Geller, the boy’s father, said his son — the youngest of three — is exceptionally curious, and that the moment he heard the crash, “please let that not be my child” was the first thought that raced through his head.

The jar has been on display at the Hecht Museum in Haifa for 35 years. It was one of the only containers of its size and from that period still complete when it was discovered.

The Bronze Age jar is one of many artifacts exhibited out in the open, part of the Hecht Museum’s vision of letting visitors explore history without glass barriers, said Inbal Rivlin, the director of the museum, which is associated with Haifa University in northern Israel.

It was likely used to hold wine or oil, and dates back to between 2200 and 1500 B.C.

Rivlin and the museum decided to turn the moment, which captured international attention, into a teaching moment, inviting the Geller family back for a special visit and hands-on activity to illustrate the restoration process.

Rivlin added that the incident provided a welcome distraction from the ongoing war in Gaza. “Well, he’s just a kid. So I think that somehow it touches the heart of the people in Israel and around the world,“ said Rivlin.

Roee Shafir, a restoration expert at the museum, said the repairs would be fairly simple, as the pieces were from a single, complete jar. Archaeologists often face the more daunting task of sifting through piles of shards from multiple objects and trying to piece them together.

Experts used 3D technology, hi-resolution videos, and special glue to painstakingly reconstruct the large jar.

Less than two weeks after it broke, the jar went back on display at the museum. The gluing process left small hairline cracks, and a few pieces are missing, but the jar’s impressive size remains.

The only noticeable difference in the exhibit was a new sign reading “please don’t touch.”

The Canadian Press. All rights reserved.

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