ESA New Satellite to Boost Forecast Accuracy The European Space Agency (ESA) has successfully launched its next-generation polar-orbiting weather satellite, marking a significant step in enhancing global climate monitoring. The spacecraft, equipped with six advanced instruments, lifted off early Wednesday from the Kourou Space Centre in French Guiana and entered orbit without issue. The new satellite will improve weather forecasting accuracy and strengthen atmospheric monitoring, including the tracking of air quality incidents and volcanic ash spread. ESA officials say the technology will play a crucial role in understanding and addressing the impacts of climate change. Collaboration Key to Understanding Climate…
Author: Kanika Sharma
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Bullish Shares More Than Double on First Trading Day Cryptocurrency exchange operator Bullish saw its market value surge to about $13.16 billion after a strong debut on the New York Stock Exchange (NYSE) on Wednesday, 13 August. Its shares more than doubled in value, highlighting growing investor confidence in the sector and improving prospects for future US listings of other digital asset companies. The parent company of crypto news site CoinDesk raised $1.11 billion in its initial public offering (IPO), which initially valued Bullish at $5.4 billion. This listing is another sign of the growing mainstream adoption of cryptocurrencies, in…
Golden Dome Missile Defence Plan Unveiled with Four-Layer Shield Across the US The Trump administration’s Golden Dome missile defence project will feature four integrated layers, including one space-based system and three on land. According to a US government presentation first reported by Reuters, the land network will include 11 short-range batteries spread across the continental US, Alaska, and Hawaii. The slides, marked “Go Fast, Think Big!”, were shown last week to 3,000 defence contractors in Huntsville, Alabama. They reveal the project’s unprecedented scale and an ambitious 2028 completion goal set by US President Donald Trump. Cost and Funding Challenges The…
Elon Musk to Sue Apple Over App Store Antitrust Claims Billionaire Elon Musk has announced that his artificial intelligence startup, xAI, will take legal action against Apple, accusing the tech giant of breaching antitrust rules through its management of App Store rankings. Musk alleged that Apple’s actions make it impossible for any AI company other than OpenAI to reach the top position in the App Store — a move he called an “unequivocal antitrust violation.” He said xAI would “take immediate legal action” in response. Musk Targets Apple Over App Rankings In a post on his social media platform X,…
Trump-Backed World Liberty Financial Targets $1.5 Billion Fundraising World Liberty Financial, a cryptocurrency venture backed by US President Donald Trump’s family, is in talks with potential investors to raise $1.5 billion, Bloomberg News reported on Friday. The fundraising would establish a public company to hold the platform’s WLFI tokens. Fundraising Plans Still Taking Shape According to the report, the structure of the deal has not yet been finalised. Sources familiar with the matter said major investors from the crypto and technology sectors had been approached. Reuters was unable to independently verify the Bloomberg report. World Liberty Financial declined to comment…
Authorities Urge Stablecoin Brokers and Think Tanks to Halt Endorsements Chinese regulators have reportedly instructed local brokerages and research institutions to stop publishing studies and hosting events that promote stablecoins. According to Bloomberg News, the move is part of a broader effort to contain risks linked to the asset class and prevent potential financial instability. The guidance, issued in late July and early August, urged firms to cancel planned seminars and stop distributing research materials on stablecoin. Sources familiar with the matter told Bloomberg that the aim is to curb the rising influence of these digital assets. Concerns Over Fraud…
Slower growth forecast disappoints travel investors Airbnb shares fall 6% in premarket trading on Thursday after the company issued a weaker-than-expected outlook for the second half of 2025. The disappointing forecast came despite recent signs of recovery in the travel industry and has raised fresh doubts about the strength of consumer demand. Airbnb warned of slower growth in bookings, especially when compared to the same period last year, which saw a surge in travel to Asia and Latin America. The company also expects its night bookings growth to moderate in the fourth quarter. Additionally, its implied take rate—revenue as a share…
Growing Interest from Governments and Corporates French satellite operator Eutelsat reported stronger-than-expected annual earnings on Tuesday, driven by rising demand for its satellite internet services. Much of this growth came from government and corporate clients looking for alternatives to US-based providers like Elon Musk’s Starlink. As European governments seek to reduce their reliance on American services, Eutelsat has emerged as a home-grown contender. This shift has placed the Paris-based group under the spotlight in recent months. For the financial year ending 30 June, Eutelsat posted revenues of €1.23 billion from video, connectivity, and government services. This marked a 0.8% increase…
Firefly Aerospace Lifts IPO Price Range, Eyes $6 Billion Valuation Firefly Aerospace, a space start-up backed by Northrop Grumman, has raised the price range for its US initial public offering (IPO). The Texas-based firm is now aiming for a valuation of up to $6.04 billion. This move highlights growing investor interest in the commercial space sector. Revised IPO Pricing Reflects Strong Demand Firefly plans to raise $696.6 million through the sale of 16.2 million shares. The company has set the price range between $41 and $43 per share, up from its earlier range of $35 to $39. This increase suggests…
Dhruva Space: A New Chapter for Indo-Australian Space Collaboration Full-stack space engineering firm Dhruva Space is preparing for its first commercial mission, LEAP-1, scheduled for launch in the third quarter of 2025 aboard a SpaceX Falcon 9 rocket. This mission represents a major step in Dhruva Space’s evolution—from demonstrating its satellite technology to deploying customer-driven payloads. LEAP-1 will carry two innovative payloads on Dhruva Space’s indigenously developed P-30 satellite platform. The first, Akula Tech’s Nexus-01, features an advanced Artificial Intelligence (AI) module. The second, Esper Satellites’ OTR-2, includes a hyperspectral imager. This launch marks a significant Indo-Australian partnership, with additional…