The EU launched Tuesday a billion-euro fund to support startups in the space sector with the hope it will be a "game changer" and attract private investors into the key sector.
Named the Cassini fund after the 17th century Italian astronomer, it was launched as part of the European Investment Fund (EIF) which provides risk financing to small and medium-sized businesses across Europe.
"Many of our startups cannot get sizeable equity investment in the EU once they need to scale up," said Thierry Breton, the EU's internal market commissioner, at a gathering for the European space industry in Brussels.
He said the firms are thus forced to turn to non-EU investors.
"This is a major loss for Europe. The Cassini Fund will be a game changer," he added.
The head of the EIF, Alain Godard, said that each euro the fund invests typically attracts three or four euros of private investment from firms that otherwise would have found the project too risky.
A complementary mechanism will provide access to lending to space startups.
The European space sector is estimated to account for about 10 percent of the overall economy, and is expected to see its revenues double over the coming decade.
The International Space Station can be a noisy place. ESA astronaut Matthias Maurer is putting his hearing (and headphone untangling skills) to the test in an experiment called Acoustic Diagnostics.
Acoustic Diagnostics is an Italian Space Agency (ASI) experiment, developed in cooperation with the University of Rome Tor Vergata, to study the effects of microgravity on the hearing of astronauts. The study began during ESA astronaut Luca Parmitano’s mission and monitors what are known as optoacoustic emissions (OAEs).
OAEs are caused when hairs in the inner ear move in response to auditory stimulation. That means the measurement is passive.
For the second time in its mission so far, the ESA/NASA Solar Orbiter spacecraft has flown through the tail of a comet. Predicted in advance by astronomers at University College London, UK, the spacecraft collected a wealth of science data that now awaits full analysis.
After a few sols of challenges that prevented us from getting close-up MAHLI imaging of this dark outcrop in front of us, today we were finally able to plan the contact science that we were hoping for. Yesterday there was a small rock under the right rear rover wheel, so we had to kick that rock to the curb to get into a stable position for using the rover arm. This morning's downlink data
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OneWeb, the low Earth orbit satellite communications company, and Hughes Network Systems LLC has announced a strategic six-year Distribution Partner agreement to provide low Earth orbit (LEO) connectivity services across India. The arrangement between OneWeb and Hughes Communications India Private Ltd. (HCIPL), a joint venture between Hughes and Bharti Airtel Limited, follows the Memorandum of U
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Asteroids fly through our solar system all the time, but it's rare for us to take notice of them. But that's changed this week, as an asteroid passes within 1,231,184 miles of Earth on January 18. The asteroid, dubbed 7482 (1994 PC1), was first seen in 1994 and is about two-thirds of a mile wide. One likely reason Americans are paying more attention is because many millions have watched th