SpaceX Making Money Move

SpaceX is securing a $500 million line of credit through Fidelity to fund its plan to create an inexpensive internet service. Existing shareholders are also creating several special purpose financial vehicles to sell shares on the secondary market. These offerings could raise an additional $500 million. These share are reportedly selling for between $160 and $170.

Talks with the US Air Force will possibly generate $290 million in contracts for SpaceX. This money will likely be used to get 3 global positioning system satellites into orbit by the end of 2020. There is ongoing talks with private investors and commercial space companies. Some of the companies are Blue Origin, Virgin Orbit, Rocket Lab, Relativity Space and SpinLaunch. The talks will likely reduce the cost of launching payloads into space. Talks with satellite companies will reduce the costs for building the equipment for monitoring and communication technologies.

The race to build a space based infrastructure in not only heating up in the US. A Japanese company, ispace announced a $90 million first round of funding for the development of a lunar lander and two lunar missions by 2020.

Source: techcrunch.com

Source: giphy.com

Geomagnetic Storm to Hit Earth on March 18

Scientist at the Russian Academy of Sciences say that a huge magnetic storm is headed towards earth and they estimate that it will hit on March 18. The effects of the storm will cause some people to experience headaches and dizziness.

The disruption could affect GPS navigation devices, satellites and possibly power grids. They don’t believe that the storm will result in major problems just glitches. It is possible that the storm will make the auroras visible to areas that are further away from the poles and intensify the auroras closer to the poles.

A geomagnetic storm is usually the result of a CME, coronal mass ejection of the sun. A CME is created when an arc of excited gases on the surface of the sun ruptures, this will cause a jet of plasma to escape into space. If the sun spot is facing earth when the rupture occurs, the ejecta will be shot toward earth. Once the solar wave reaches earth, it will interact with the magnetosphere and the energy will flow towards the poles. If the magnitude of the wave is too large, the magnetosphere will not be able to the shield the earth from all of the energy.

Source: jewsnews.co.il

Source: youtube.com

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