Technology
Rocket Lab’s sunny weather bodes well for future constellation plans
Rocket lab surpassed $100 million in quarterly revenue for the primary time, up 71% from the identical quarter last yr. That’s just one in every of several big accomplishments executives touted to investors on Thursday — and a superb sign for the space company’s ambitious medium-term plans.
Executives continued to tease plans for Rocket Lab’s owned-and-operated satellite constellation, a part of founder and CEO Peter Beck’s stated ambition to develop into a “comprehensive space company.” The company clearly intends to do something just like what SpaceX is doing with its Starlink constellation: beat the competition by owning launch vehicles, together with a highly vertically integrated supply chain that allows rapid production.
“Having the launchers and spacecraft gives us a distinct advantage when it comes to building our own space capabilities or constellations,” Beck said during an earnings conference call Thursday. “We can build and launch our own spacecraft at cost and we don’t have to wait in line for a limited launch capacity. We completely avoid the problem that most constellation operators face: being dependent on vendors for cost and schedule, often causing deeply disruptive delays and bringing capabilities online at scale.”
Beck declined to offer details on exactly what opportunities are being considered, but suggested acquisitions will proceed to play a job in the corporate’s strategy.
But to appreciate its constellation plans, the corporate will first have to launch its medium-lift Neutron rocket. Rocket Lab plans to launch Neutron for the primary time in mid-2025, an especially aggressive timeline: If it hits that date, the corporate says it’s going to be the fastest commercially developed vehicle to go from clean-sheet design to market by way of its weight.
The rocket will likely be powered by nine all-new engines called Archimedes, which accomplished a key test this month. The “hot fire” test, held at the corporate’s test complex at NASA’s Stennis Space Center in Mississippi, marked the primary time Archimedes had fired at full power on a test stand. Now engineers can move on to a full qualification campaign and production of the following batch of engines.
Aside from the engines, Rocket Lab said the complete Neutron is currently in production and qualification. There’s still a number of work ahead — including creating launch infrastructure like a test bed, not to say integrated testing of the rocket itself — but Beck confirmed the corporate is on the right track for a launch in the midst of next yr.
Neutron could have a payload capability of 13,000 kilograms, making it a direct competitor to SpaceX’s Falcon 9, the undisputed leading launch vehicle currently in operation. Beck addressed the query of how Neutron will compete with what he called a “virtual monopoly” in medium-lift launches, saying that demand for launch capabilities is growing, particularly amongst megaconstellation planners.
“Neutron is best positioned to be the rocket that disrupts that monopoly,” he said. “We have a proven track record of building and bringing to market a reliable vehicle that has become a market leader. That track record has allowed us to work extremely closely with customers to design a new rocket that meets their needs, resulting in a customer-centric design that is well on track to bring to market in an extremely short time frame.”
Beck used the chance to indicate a standard misconception concerning the company: that it is just a launch services provider. In reality, launches are only one a part of the business, and “space systems” — which incorporates satellites, software and components — are one other.
In addition to $106 million in second-quarter revenue, $29.4 million of which got here from launch and $77 million from space systems, the corporate expects nearly the identical amount of revenue next quarter. Rocket Lab ended the quarter with $547 million in money available.
Technology
Uber is building a fleet of employees who will label data for artificial intelligence models
Uber is expanding its worker fleet and creating a latest category: AI annotations and data labeling.
The passenger transportation company has began hiring contractors for a latest artificial intelligence and data labeling division called Scaled Solutions. These employees perform projects for Uber’s internal business units but additionally they serve third-party clients, including autonomous vehicle company Aurora Innovation and video game maker Niantic, in accordance with Bloomberg reports.
According to Bloomberg, Uber has began recruiting contractors within the USA, Canada and India, amongst others.
Uber’s move to data labeling comes as this market becomes increasingly hot due to the rise of artificial intelligence. For example, Scale AI is one of the businesses within the industry that is seeing increased demand. Earlier this yr, the corporate raised a $1 billion round at a valuation of $13.8 billion, after raising just $600 million in its eight-year history.
Technology
10 tech gifts that make great stocking stuffers
Black Friday is a great day to start out your holiday gift hunt. While some will go for essentially the most elaborate decorations and Christmas trees, others may go for a low-key Christmas. Either way, stocking stuffers are at all times a success. At least one item within the recipient’s stocking is certain to bring a smile to their face.
Stuffing a stocking for a friend, member of the family or co-worker is just not the identical. Different levels of familiarity dictate different gifts, unless you are giving a present of technology. Technology gifts appeal to the masses and might be useful – it is a great gift for anyone. Don’t know where to start out? BLACK UNDERTAKING helps you cut down your search. TO BE presents: 10 tech gifts that make great stocking stuffers.
Kindle Remote
@terreeannreads we love a great reason to click add to cart 🤪👏🏾 Kindle Page Turner Flash Sale Offer
Lying down together with your Kindle is a great option to decompress, but continuously moving and touching the screen is just not. Kindle Clicker allows readers prop up your Kindle wherever they need and without moving, turn pages with one click of a finger. This will make a great gift for the reader in your life.
Hoot alert
@morgankaprice Please stay protected dear ladies 💝#morgankace #TikTokShopCyberMonday #tiktokshopholidayhaul #TikTokShopBlack Friday #personalsafety #ttslevelup #women’s self-defense #womensafety #self-defense tool #birdie #personalalarm #staysafe #securitykeys ♬ original sound – Morgan Kaprice| Creator
This key fob alarm emits: When turned on, it screeches at an intensity of 130 decibels. It also has an LED strobe light to assist draw attention to a potentially dangerous situation. If your family members enjoy being outdoorsWhether day or night, safety is at all times the highest priority. The alarm might be attached to purse loops or straps for easy accessibility.
PureWine wine wand purifier
@drinkpurewine It’s like a Brita filter, but for wine! Genius 🤯 The wand removes histamines and sulfites from a glass of wine, purifying it and even enhancing the natural flavor. It really works like a magic wand 🍷🪄 Cheers to having the ability to enjoy wine again without headaches, congestion, redness and all the opposite annoying unwanted effects. #drinkpurewine #redwineheadaches #wine #bachelorette party ♬ original sound – DrinkPureWine
Sitting down at the top of the evening with a glass of wine is considered one of the pleasures of life for individuals who allow themselves to accomplish that. The PureWine wand claims to eliminate harmful antioxidants from wine, reducing them risk the subsequent morning headache. PureWine also claims to have the ability to revive an opened bottle to freshness on the primary day, eliminating the necessity to throw away your favorite bottle of Merlot.
Aqua-Pure
@cutthecakeco Thank you AquaPure! Your pesticide purifier is 👌🏾! #washproducts #akwapur #pesticidepurifier #aquapurepartner #howtocleanfruits #foodpreparation #weeklyfoodpreparation #foodtok #fyp #shopsmall ♬ Aesthetics – Tollan Kim
There are numerous safety recalls in 2024. The recent recall of organic carrots is disturbing to say the least. The Aqua-Pure filter eliminates dangerous bacteria and mold from fruit and veggies. Immerse the filter in water with fruit and veggies and switch on the blue light of the disinfectant. Your fruit shall be disinfected in five minutes and can have an extended shelf life.
FIXD automotive scanner
@thescituation The FIXD sensor changes lives! This is a will need to have for each automotive owner #fixed #fixdmotorization #fixdsensor #obd2 #obd2scanner #scituation #kartalk ♬ Pieces (version for solo piano) – Danilo Stankovic
Stay on top of your automotive’s maintenance with the FIXD scanner. The device connects to your vehicle and sends messages to your phone via the app, alerting you to any potential problems. FIXD sends you notifications about maintenance services like oil changes and tire rotations. The slightest noise might be diagnosed at your fingertips.
Ridia Press
@kayladelight I like the mini portable iron #iron #portableiron #miniiron #hand iron #tiktokshop #tiktokshopfinds #Tiktokshopblackfriday #tiktokshopcybermonday #autumnoffersforyou #tiktokshopholidayhaul #shophalloween ♬ original sound – Kayla
A pocket iron allows anyone to keep up its charm when out and about. If you must save space in your luggage, Riddia Press is the iron for you. The battery powers the gadget and heats up in 60 seconds. Riddia packing can save the day in case your travel destination provides such facilities.
Sprig Infusion Starter Kit
@dwellaware I’ve teamed up with Sprig by Kohler to share how you may transform your each day routines into wellness rituals! As a mom of three, a DIY enthusiast, and a small business owner, life can get very busy and I struggle to maintain up with self-care. The Sprig Shower infusion device provides an incredible aromatherapy experience! Sprig also has amazing body and lingerie mists, candles, and bath bombs. They contain natural mixtures and the very best quality ingredients that will enable you enter a moment of deeper leisure. You deserve it. 🧖🏾♀️🌿 Use the code DWELLAWARE20 to get 20% off your order! #stepintosprig #twig #sprigbykohler #announcement @Twig ♬ original sound – Amanda
Give the gift of a tranquil, spa-like shower. The Sprig Shower Starter Kit is touted as a skincare essential and the proper stocking stuffer. The shower head releases “water jet with pure aromatherapy and skin-loving ingredients such as hyaluronic acid and sodium PCA.” Although on the pricier side, “rest”, “refresh” and “breathe” capsule liners are promoted as stress relievers.
Mechen M3 MP3 player with touch screen
@curiositec Lossless MP3 Player Portable High Definition Hi-Fi Digital Music Player 64GB Memory Card Supports Up to 256GB #playerb #technology #technology ♬ GAS LAMP – FROST
If phone memory is a problem, this MP3 player shall be a godsend. Paying for monthly streaming services might be expensive. Downloading albums to your phone may take up space that might be used for vacation photos, social media applications and more. Mechen MP3 includes 138 GB, FM radio and high-quality digital audio. Talk on the phone without interrupting your playlist.
Alarm clock that restores the flap
@erinrbates 10/10 recommend for a greater sleep and a peaceful morning!💤🌙✨ @Hatch for Sleep #announcement #hatchforsleep #hatchaalarm #hatchrestore ♬ original sound – Erin Bates
It’s greater than just an alarm that will wake you up from sleep. Hatch Restore offers white noise settings enable you sleep well, at night. Once connected to the app in your phone, you may download sleep stories, meditation routines, and various sounds. It has a dimmable light that brightens barely on the designated alarm time. The gift of a peaceful night is priceless.
PhoneSoap UV disinfectant
@isadoes_ It’s called #telephonesoap not without reason #isadoestech ♬ CRAFT – OFEKNIV
Here’s a stocking filler help keep germs away during flu season. PhoneSoap UV disinfectant is a light-weight case with… UV light to disinfect and charge your phone. The case is ideal for anyone who’s in constant contact with society.
Technology
Rivian secured a $6.6 billion conditional federal loan to build a plant in Georgia
Late Monday, Rivian said it had secured a contingent commitment for a $6.6 billion loan from the Department of Energy that can help the electrical vehicle maker resume construction of a massive factory in Georgia.
Funds will come from the Department of Advanced Vehicle Technology Development’s Office of Loan Programs loan program. Rivian said it expects to begin operations on the Georgia plant in 2028, 4 years later than originally planned. By the top of 2030, the factory will employ 7,500 people, and this number is expounded to the motivation package approved several years ago by the Department of Economic Development of Georgia.
In December 2021, Rivian announced plans to build a second factory east of Atlanta, which the corporate said would double the annual production capability of its plant in Normal, Illinois, and would cost an estimated $5 billion to build. Rivian said on the time that the goal annual production capability of the Georgia plant could be 400,000 vehicles per 12 months, with production of next-generation electric vehicles starting in 2024. The company received a $1.5 billion incentive package to build the plant in Georgia, according to documents to the state Department of Economic Development.
Facing a money crunch, Rivian halted construction of the factory and altered plans to build the next-generation R2 mid-size SUV there. Instead, Rivian announced in March 2024 during R2 that the brand new electric vehicle could be produced at a factory in Normal, Illinois. This change was projected to save the corporate $2.25 billion.
A couple of months later, Rivian received $827 million in incentives from the state of Illinois to support the development of the R2 on the Normal plant.
In recent years, the federal loan program has supported many corporations for electric vehicle projects, including $465 million for Tesla in 2009, which was $9.2 billion contingent liability in June to support a Ford-SK three way partnership to finance two U.S. battery plants and a $2 billion loan to help battery materials and recycling startup Redwood Materials finance the expansion and expansion of its Nevada headquarters.
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