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SpaceX's hold over orbit matches East India Company's grip on maritime trade
SpaceX's hold over orbit matches East India Company's grip on maritime trade Lisa Lock Scientific Editor Andrew Zinin Lead Editor Elon Musk's SpaceX holds sway over the emerging space economy in a way that has more in common with notorious colonial-era trading companies than the competitive markets of today's textbooks, according to a new study. In 2025, SpaceX had a market share of around 75% of everything humanity sent into space, according to calculations led by Dr. Alessio Terzi from the...
A London Lark Rising: the story of the people and places of the East India Company
The bustle and fine architecture of the City of London speak of wealth and history. Some would say pride too, although in an age afflicted by the moral obscenity of billionaires, no one can be unaware that the accumulation of extravagant riches is rarely a commendable process. This grubby truth is at the heart of A London Lark Rising, a play that takes its audience on a walking tour through the City.
Policy on the AI Exponential
Policy on the AI Exponential In one of the side plots to The Lord of the Rings, two of the Hobbits attempt to rouse Treebeard—a wise but ponderous sentient tree—to defend his forest from an army that is cutting it down. The problem is that Treebeard operates at a very different speed than the Hobbits. It takes him a full day simply to say hello to another tree, so getting him and his peers to act fast enough is nearly impossible.
SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says June 3 : SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's satellite broadband unit Starlink expands, Oppenheimer said in a note on Wednesday, adding that legacy broadband providers like AT&T may be most at risk. The brokerage raised its estimate for 2035 space revenue to $800 billion from $500 billion earlier, ahead of the company's highly anticipated IPO this...
Watch: Oil India discovers natural gas deposit in Andaman basin; Puri hails find
Oil India Limited discovered the presence of natural gas in an exploratory well drilled in the Andaman Sea, marking a significant development in India’s offshore exploration efforts, announced union minister for petroleum and natural gas Hardeep Puri. The discovery has been made in the “Sri Vijayapuram-3” well, located about 15 km off the east coast of the Andaman Islands at a water depth of 355 metres. The well was drilled to a depth of over 1,900 metres in the Eocene formation, where...
Middle East crisis: IndiGo grounds flights to six overseas destinations amid cost pressures
India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi, as it moves to optimise its network amid softer travel demand and rising operating costs. The budget carrier said services to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be suspended from July 1, while flights to Siem Reap will be halted from July 3. The suspension will remain in place until...
Keeping the lights on: How India manages its power demand
On May 21, India's power grid hit a number it had never seen before. Demand crossed 270 gigawatts, peaking at 270.73 GW. To put that in context, the entire installed power capacity of the United Kingdom is roughly 80 GW.
AI is blowing up music. How should the Grammys handle it?
Today I’m talking with Harvey Mason Jr., who is CEO of the Recording Academy — that’s the outfit that puts on the Grammy Awards. I last talked to Harvey in 2024, when it was obvious that generative AI would upend the music industry, but still not exactly clear how that would happen. Well, it’s been 18 months since that conversation, and you’re going to hear Harvey say that AI is now “omnipresent” in music production. And Harvey knows what he’s talking about — he is himself a legendary...
Tire giant Pirelli vows legal action as short seller alleges ‘close relationship’ with Russia
Italian tire maker Pirelli has instructed lawyers to take legal action against Grizzly Research after the short seller published a report claiming the firm has a "close relationship" with Russia that "poses a threat to Western national security." Pirelli has instructed lawyers at Gatti Pavesi Bianchi Ludovici Studio Legale Associato to "take action in all jurisdictions against those who have spread this false information" in efforts to "protect all shareholders and the company's good name,"...
Centre cuts subsidised LPG cylinders for Ujjwala beneficiaries from 9 to 4
The Centre on Monday reduced the number of subsidised cooking gas cylinders available annually to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) from nine to four aligning the support with average household consumption levels, a senior government official said. Under the flagship scheme launched in May 2016, beneficiaries were initially entitled to 12 subsidised 14.2-kg LPG cylinders every year. The quota was reduced to nine cylinders last year and has now been cut further to four.