Voyager Technologies made a strong entrance on the US stock market, securing a valuation of $3.8 billion. The defence and space firm saw its shares more than double on debut, highlighting strong investor confidence in a sector expected to grow under the Trump administration. Impressive IPO Performance Reflects Market Optimism Based in Denver, Colorado, Voyager’s shares opened at $69.75 on Wednesday—125% above its initial offer price of $31. The company raised $382.8 million through the sale of nearly 12.4 million shares in an upsized initial public offering (IPO). This launch signals growing investor interest in the space and defence industries.…
Author: Kanika Sharma
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World Bank Cuts Global Growth Outlook as Trade Tensions Rise The World Bank has lowered its global growth forecast for 2025 to 2.3%, down by 0.4 percentage points. The downgrade reflects the growing economic impact of trade tensions, higher tariffs, and increased uncertainty, which are affecting economies worldwide. Widespread Forecast Downgrades In its Global Economic Prospects report, the World Bank reduced growth projections for nearly 70% of countries. This includes major economies like the US, China, and members of the European Union. The bank also cut forecasts across six key emerging market regions. Trade tensions have played a central role…
ChatGPT Suffers Global Outage, Users Face Access Issues ChatGPT experienced an unexpected outage on Tuesday, 10 June, leaving users worldwide unable to access the AI platform through its website or app. The disruption triggered widespread complaints, particularly on social media. Users Report Network Errors During Downtime Between 12:30 pm and 3:30 pm IST, over 860 reports were logged on Downdetector, indicating that users were encountering problems accessing the service. Many received a “Network error occurred” message when trying to interact with the chatbot. The incident sparked a wave of reactions on X (formerly Twitter), where users shared screenshots and expressed…
Technical Setbacks in Apple AI Innovation Apple is grappling with growing challenges on both technical and regulatory fronts as key executives prepare to address its annual software developer conference this Monday. A major concern is the delay of several artificial intelligence (AI) features that were promised a year ago. While rivals like Google and Microsoft have actively introduced new AI tools, Apple’s progress has lagged behind. One major delay is the improvement of Siri, Apple’s digital assistant. Although the company has launched some AI tools—such as writing aids and image generators—many core features have been postponed until next year. Apple…
Indian Air Force Pilot Shubhanshu Shukla to Join ISS on Axiom 4 Mission Group Captain Shubhanshu Shukla of the Indian Air Force is set to create history as part of the Axiom 4 space mission. He will travel to the International Space Station (ISS) with three other astronauts, becoming the first Indian to join the space station. Launch and Mission Overview The Axiom 4 mission will launch from Launch Complex 39A at NASA’s Kennedy Space Centre on 10 June at 8:22 am ET. The crew will fly aboard a SpaceX Dragon spacecraft and are expected to reach the ISS on…
Hong Kong and China Stocks Rise, Driven by AI and Tech Momentum Stocks in Hong Kong and China climbed on Thursday, boosted by gains in technology and artificial intelligence (AI) shares. Analysts noted that Hong Kong-listed tech firms are still under-represented in global AI-focused investment strategies. Tech Shares Lead the Rally China’s main stock indices posted modest gains. The CSI300 Index and the Shanghai Composite Index both rose by 0.2%. Meanwhile, the Hong Kong Hang Seng Index saw a more notable increase of 1.1%. Hong Kong’s technology sector stood out, with the Hang Seng Tech Index gaining 1.9%. This performance…
Resilience Set for Touchdown in Mare Frigoris on June 5 Japanese space company ispace is preparing for a significant milestone this week. Its lunar lander, named Resilience, is scheduled to attempt a historic moon landing on Thursday, 5 June at 3:24 p.m. EDT (1924 GMT). The spacecraft aims to land in Mare Frigoris, or the “Sea of Cold”—a flat, basalt plain in the moon’s northern hemisphere. A successful touchdown would mark a major achievement for both ispace and Japan. To date, Japan has only one successful soft landing on the moon: the SLIM spacecraft from the Japan Aerospace Exploration Agency…
SKA Telescope Scientists Urge Starlink Safeguards in South Africa Astronomers involved with South Africa’s Square Kilometre Array (SKA) telescope are urging authorities to impose strict conditions on any licensing agreement with Elon Musk’s Starlink. Their goal is to protect the sensitive space observations conducted at this world-leading facility. Concerns Over Interference From Starlink Satellites Bringing Starlink to South Africa has already sparked debate. The parent company, SpaceX, has criticised local ownership laws but expressed support for equity equivalent programmes. Adding astronomy-related licensing terms could further complicate the rollout, especially given Musk’s own objections to South Africa’s Black empowerment policies. Despite…
Jared Isaacman Pulled as NASA Administrator Pick The White House unexpectedly withdrew its nomination of Jared Isaacman as NASA administrator on Saturday, 31 May, removing a key ally of Elon Musk from consideration to lead the US space agency. Former President Donald Trump announced the decision via Truth Social, citing a review of Isaacman’s prior associations. “I will soon announce a new nominee who will be mission aligned, and put America First in space,” Trump stated. Isaacman, a billionaire entrepreneur and private astronaut, was due for a Senate confirmation vote next week. His removal came without detailed explanation and surprised…
Elon Musk Faces Setbacks but Remains on Track for Mars Just two days after the latest test-flight failure of the SpaceX Starship, Elon Musk announced a bold timeline. He expects the massive rocket to make its first uncrewed journey to Mars by the end of 2026. This plan hinges on Starship overcoming several major technical challenges in the coming months. Musk shared his vision in a video released by SpaceX. In it, he outlined the development path for Starship, the rocket designed to carry humans and cargo to the red planet. The announcement came one day after Musk confirmed his…