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Facts about SpaceX
Published
6 years agoon
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AlveerFrom making history to planning on building a colony on Mars, SpaceX has achieved a lot in the field of space exploration and transportation services. An idea which only existed in a kid’s mind is now a multi million company and its still growing. Elon Musk has a dream to land on Mars and he found a way to make it happen.
Founded on 6th May, 2002, SpaceX came a long way crossing milestones and making history. From just an idea to a full fledged space transportation services company, here are a few facts about SpaceX.
1. SpaceX was the first private company to successfully launch, orbit and recover a spacecraft.
In December 2010, the operational Dragon spacecraft was launched aboard the Commercial Orbital Transportation Services (COTS) Demo Flight 1, the Falcon 9’s second flight, which safely returned to Earth after two orbits, completing all its mission objectives, making it the first private company to do so!
2. SpaceX was the first private company to send a spacecraft to the International Space Station(ISS).
In December 2012, Dragon became the first commercial spacecraft to dock with and deliver cargo to the International Space Station. It has since conducted regular, resupply services to the ISS.
3. Falcon was the first privately funded liquid propellant rocket by SpaceX to reach the earth’s orbit.
On 28th September, 2008, the Falcon 1, a small rocket capable of placing payloads weighing several hundred kilograms into low earth became the first privately funded, liquid fueled rocket to do so. Space X successfully launched this project into low Earth orbit for U.S. $ 90 million.
4. SpaceX achieved the world’s first reflight of an orbital class rocket.
On 30th March 2017, SpaceX’s Falcon 9, was launched into space for the second time after April 2016, when it carried out a space station cargo launch for NASA. This was indeed a historic milestone for SpaceX!
5. SpaceX is currently the world’s largest producer of liquid fuel rocket engines.
SpaceX currently manufactures three broad classes of rocket engine inhouse: the kerosene fueled Merlin engines, the methane fueled Raptor engines and the hypergolic fueled Draco/SuperDraco vernier thrusters, making it the world’s most prolific producer of liquid fuel rocket engines.
6. SpaceX was the first private company to send a human rated spacecraft to space.
On March 9th 2019, history was created once again as SpaceX launched its spacecraft, Dragon 2, for its first orbital test. This spaceflight was an uncrewed mission, but capable of sustaining life, arrived at the ISS a little over 24 hours after the launch.
7. SpaceX used the same launch complex as Apollo 11.
In 2017, SpaceX became a part of a long space tradition when its Falcon 9 rocket took off from Launch Complex 39A at the Kennedy Space Center, where the Apollo 11 moon mission began.
8. SpaceX also manufactures spacesuits for its astronauts.
SpaceX doesn’t only make big spacecrafts or supplies cargo to the ISS but is also partnering up with NASA to create specialized spacesuits! SpaceX says that safety and comfort will be among the specialties of these suits.
9. SpaceX offers astronaut taxi services to NASA.
NASA astronauts are taken to space using SpaceX spacecrafts. This is part of NASA’s Commercial Crew Program which cuts down dependency on space agencies like Russia’s Roscosmos.
10. SpaceX knows how to travel in speed!
SpaceX claims that they can transport passengers over a distance of 620 kms in just 45 mins, that would usually take over 24 hours by bus. This could be possible through Hyperloop, which is still in its design stages.
SpaceX has not stopped evolving and has conquered many stages of space exploration. The journey does not stop here for SpaceX and in the years to come there would be many more interesting facts.
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Entrepreneur Stories
Apple Introduces Call Recording and Advanced AI Features with iOS 18.1 Release!
Published
3 days agoon
October 31, 2024Apple has rolled out iOS 18.1, delivering a range of highly anticipated features aimed at enhancing user experience on iPhones. A highlight of the update is the new call recording feature, meeting one of users’ most requested enhancements. Now, iPhone users can easily record phone calls with an added layer of convenience from Apple Intelligence, which offers real-time transcription during calls.
How to Enable Call Recording
To enable call recording, users need to update their device to iOS 18.1 via Settings > Software Update. Once updated, recording a call is straightforward:
- Start or answer a call.
- Tap the record button in the top left corner during an active call.
- A notification will alert all participants that the call is being recorded, ensuring transparency.
Recordings are automatically saved in the Voice Notes app, where users can access them anytime. Additionally, Apple Intelligence provides a real-time transcription and a summary of key points discussed during the call, making it easier to revisit important parts without replaying the entire recording. This transcription feature supports multiple languages, including English, Spanish, French, German, Japanese, Mandarin, Cantonese, and Portuguese.
Apple Intelligence: AI-Powered Tools
In addition to call recording, iOS 18.1 introduces Apple Intelligence, a suite of AI-powered tools designed to simplify and enhance user interactions. One of these tools is the Writing Assistant, which offers users editing and rewriting options for messages, emails, and notes. With tone adjustment options—ranging from professional to casual—the Writing Assistant makes creating well-crafted communications faster and easier.
Siri Enhancements
Siri also receives a major upgrade in this update, improving its conversational abilities with a new interface and the capability to follow up on previous commands for a more seamless interaction. Users can switch effortlessly between voice and text commands, allowing for flexible use across all Apple devices, including CarPlay, making it especially convenient for hands-free tasks.
Additional Features
Enhanced Writing and Photo Tools
New AI-powered writing tools help users rewrite, proofread, and summarize messages and emails within the app, saving time and enhancing productivity. These updates streamline communication whether users are crafting emails or texting on the go.
The Photos app also sees significant updates. The new “Clean Up” feature enables users to remove unwanted elements from photos with a single tap. Additionally, users can search their photo libraries by describing the content within images.
Focus Mode and Smart Notifications
The Reduce Interruptions Focus mode employs AI to filter notifications, only alerting users to high-priority messages. This feature bundles less important alerts into a summary view, helping users quickly catch up on essentials without distraction.
Health and Accessibility Enhancements for AirPods
With iOS 18.1, Apple has added new accessibility and health-focused tools to AirPods. Users can now conduct a hearing test directly from their AirPods, receiving clinically validated insights. The AirPods Pro 2 includes a new Hearing Aid feature for mild to moderate hearing loss, while Hearing Protection mode automatically reduces exposure to loud sounds in noisy environments—aligning with Apple’s focus on health and inclusivity.
Streamlined User Interface and Bug Fixes
Alongside these major updates, Apple has made several minor adjustments:
- Control Centre now allows for easier connectivity settings.
- App Store searches respond to natural language.
- The Notes app can transcribe live calls.
Apple also addressed known bugs, enhancing podcast functionality, video playback, and digital car key reliability.
Limited Availability of AI Features
While iOS 18.1 is available globally to compatible devices, some AI features within Apple Intelligence are initially limited to U.S. English. Apple has implemented a virtual queue for activating these features, suggesting they are being gradually rolled out to optimize performance and accessibility.
Conclusion
With iOS 18.1, Apple has introduced meaningful upgrades that strengthen the iPhone’s AI capabilities while addressing user demands for call recording. This release represents Apple’s ongoing commitment to providing intuitive and powerful tools that make everyday tasks smoother and more efficient.
As consumers begin to explore these new capabilities, it will be interesting to see how well they are received and whether they significantly impact user engagement within Apple’s ecosystem in an increasingly competitive market for AI-driven functionalities.
Entrepreneur Stories
Alphabet’s Q3 Revenue Growth Expected to Slow Amid Rising Competition in Search and YouTube Ads!
Published
4 days agoon
October 30, 2024Alphabet, Google’s parent company, is projected to report its slowest revenue growth in four quarters on Tuesday, primarily due to heightened competition impacting its core Google Search business and dampening YouTube ad spending. This anticipated slowdown in these key segments is likely to overshadow growth from its cloud-computing unit, which has seen AI-driven gains this quarter. The quarter also marks the first since Anat Ashkenazi succeeded Ruth Porat as Alphabet’s Chief Financial Officer, a role she assumed amidst intensified scrutiny and competitive pressures.
Competitive Landscape
Google’s established dominance in digital advertising is facing new challenges from companies like Amazon and TikTok, which have increasingly attracted advertisers looking to engage large, ready-to-buy audiences. Analysts predict that Google Search and other related revenues will grow by 11.6% in the third quarter, a decrease from 13.8% growth in Q2, according to Visible Alpha data.
Additionally, new entrants like Perplexity AI and ChatGPT are gaining traction in search through generative AI, raising concerns that Google’s perceived slow response to these developments could further disrupt its market stronghold. Analysts at MoffettNathanson anticipate significant changes in Google’s ability to retain its exclusive search advantage on Apple and Android devices in the U.S.
Market Share Dynamics
A recent report from eMarketer indicates that Google’s share of U.S. search ad revenue could fall below 50% next year for the first time in 18 years. Amazon’s share is expected to climb to 24%, while other generative AI players continue to attract advertising dollars. In response, Google has started integrating ads into AI-generated summaries at the top of search results, a strategy analysts believe could help maintain its competitive edge.
Financial Performance
Alphabet’s stock experienced a nearly 9% drop in the three months leading to September, marking its largest quarterly decline since Q3 of 2022. However, it remains up by 17% for the year. Analysts estimate Alphabet’s overall Q3 revenue to have grown by 12.6% to $86.31 billion, slightly below the 13.6% growth seen in the prior quarter.
YouTube’s Revenue Challenges
YouTube has also felt the impact of advertisers shifting budgets toward ad-supported streaming services such as Netflix and Amazon Prime Video. YouTube’s revenue likely grew by 11.5% in Q3, down from a 13% increase in Q2. However, analysts at Truist suggest that YouTube, particularly YouTube TV, may have benefited from increased political ad spending during this quarter.
Bright Spots: Google Cloud
A bright spot for Alphabet remains Google Cloud, which is expected to achieve a 29.2% growth rate, marking the largest jump in seven quarters as companies invest more heavily in its AI offerings, including the Vertex AI platform that allows customers to leverage Google’s AI models or develop custom solutions. Alphabet has flagged higher capital expenditures this year as it expands its AI capabilities.
Cost Management Focus
With Ashkenazi now at the helm as CFO, there is an added focus on cost management amid rising competition. Analysts speculate about the possibility of further cost-cutting measures beyond Alphabet’s limited layoffs planned for 2024. The financial community will closely watch Ashkenazi’s strategies to contain rising expenses while maintaining competitive AI investments in the upcoming quarters.
Conclusion
As Alphabet prepares for its quarterly earnings report, the anticipated slowdown in revenue growth highlights the challenges it faces from increasing competition and shifting advertiser preferences. While Google Cloud shows promising growth driven by AI demand, Alphabet must navigate these pressures carefully to maintain its position as a leader in digital advertising and cloud computing.
The upcoming financial results will provide critical insights into how effectively Alphabet is adapting to these challenges and whether its strategies under new leadership can sustain long-term growth amidst a rapidly evolving tech landscape.
Stories
Lahori Eyes Rs 400 Crore Funding Round to Triple Valuation, Targets Rs 2,700 Crore!
Published
5 days agoon
October 29, 2024Chandigarh-based beverage company Lahori, known for its regional non-alcoholic carbonated drinks, is in advanced talks with multiple investors to secure a Rs 400 crore funding round. This investment could boost its valuation to around Rs 2,700 crore, a significant increase from its previous valuation of Rs 900 crore two years ago, according to sources close to the deal.
Funding Structure and Potential Investors
The funding is expected to involve both primary and secondary transactions, with potential investors including the Abu Dhabi Investment Authority and Motilal Oswal Financial Services. Belgian investment firm Verlinvest, which is Lahori’s first institutional investor holding a 21.2% stake, may partially exit through this transaction. Verlinvest initially invested $15 million in Lahori’s Series A round.
Company Background and Growth Plans
Founded in 2017 by cousins Saurabh Munjal, Saurabh Bhutna, and Nikhil Doda, Lahori currently operates two manufacturing plants located in Punjab and Gujarat. The new funding aims to expand Lahori’s production capacity from 5 million to over 8 million bottles per day, as they prepare to establish another plant in Uttar Pradesh.
The company’s flagship product, Lahori Zeera—a cumin-flavored carbonated beverage—has gained popularity across northern India, alongside their lemon-based drink, Shikanji. The brand’s CEO, Munjal, reported that Lahori generated Rs 312 crore in revenue for the 2023-24 fiscal year and is targeting Rs 500 crore for the current year.
Market Context
Lahori’s expansion comes amid strong growth in India’s non-alcoholic beverage market, which the Indian Beverage Association projects will reach Rs 1.5 lakh crore by 2030, up from approximately Rs 67,000 crore today. This growth is driven by increasing consumer demand for diverse beverage options and healthier alternatives.
Competitive Landscape
The Indian beverage sector is becoming increasingly competitive, with numerous brands vying for market share. Lahori aims to differentiate itself by focusing on unique flavors and regional preferences while expanding its distribution network. The company’s strategy includes leveraging its existing presence in North India while exploring opportunities in other regions.
Financial Performance and Future Outlook
Despite the growing interest in quick-commerce platforms, Lahori’s offline sales account for 99% of its revenue, with North India contributing nearly 75% of total sales. The upcoming funding round will be crucial for scaling operations and enhancing market penetration.
Strategic Goals
With the planned investment, Lahori aims not only to increase production capacity but also to enhance marketing efforts to build brand recognition across India. The focus on expanding into new markets aligns with broader trends in consumer behavior favoring local brands that offer authentic regional flavors.
Conclusion
Lahori’s pursuit of a Rs 400 crore funding round represents a strategic move to triple its valuation and solidify its position within the rapidly growing non-alcoholic beverage market in India. By targeting unique product offerings and expanding production capabilities, Lahori is well-positioned to capitalize on emerging trends in consumer preferences.
As the company navigates this funding round and prepares for future growth, it will be interesting to observe how effectively it can leverage investor support to achieve its ambitious targets while maintaining its commitment to quality and regional authenticity.
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