
Copernical Team
Last look at EarthCARE

Saudi fund launches new group to boost space industry

Saudi Arabia's Public Investment Fund (PIF)on Monday launched the Neo Space Group to work on the kingdom's nascent satellite and space industry, its first investment in the sector.
One of the world's largest sovereign wealth funds, the PIF has already invested heavily in sports, gaming and so-called Saudi giga-projects including Neom, a $500-billion futuristic megacity under construction in the desert.
The Neo Space Group or NSG is the "PIF's first investment focused on the space industry", the sovereign wealth fund said in a statement.
It "aims to develop and enhance commercial space operations in Saudi Arabia, providing innovative satellite and space solutions locally and globally", the PIF said.
It will also "invest in localization, technology, start-ups, and knowledge in the space and satellite sector in Saudi Arabia" in the latest bid to boost economic diversification.
Under Crown Prince Mohammed bin Salman, the de facto ruler, Saudi Arabia has sought both to open up and diversify its oil-reliant economy.
From world-class footballers to a new national airline and even a speciality shop serving camel milk gelato, the PIF has splashed billions on acquisitions intended to support diversification.
NASA's Europa Clipper makes cross-country flight to Florida

Assembled at NASA's Jet Propulsion Laboratory in Southern California, the spacecraft arrived at the agency's Kennedy Space Center in Florida on May 23 for launch preparations.
NASA's Europa Clipper, a spacecraft designed to investigate Jupiter's icy moon Europa and its potential to support life, arrived in Florida on Thursday, May 23. The spacecraft, assembled at NASA's Jet Propulsion Laboratory in Southern California, landed aboard a United States Air Force C-17 Globemaster III aircraft at the Launch and Landing Facility at NASA's Kennedy Space Center.
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