Charles Krauthammer writes: Fractured and divided as we are, on one thing we can agree: 2015 was a miserable year. The only cheer was provided by Lincoln Chafee and the Pluto flyby (two separate phenomena), as well as one seminal aeronautical breakthrough.
On Dec. 21, Elon Musk’s SpaceX, after launching 11 satellites into orbit, returned its 15-story booster rocket, upright and intact, to a landing pad at Cape Canaveral. That’s a $60 million mountain of machinery — recovered. (The traditional booster rocket either burns up or disappears into some ocean.)
The reusable rocket has arrived. Arguably, it arrived a month earlier when Blue Origin, a privately owned outfit created by Jeffrey P. Bezos (Amazon chief executive and owner of this newspaper) launched and landed its own booster rocket, albeit for a suborbital flight. But whether you attribute priority to Musk or Bezos, the two events together mark the inauguration of a new era in spaceflight.
Musk predicts that the reusable rocket will reduce the cost of accessing space a hundredfold. This depends, of course, on whether the wear and tear and stresses of the launch make the refurbishing prohibitively expensive. Assuming it’s not, and assuming Musk is even 10 percent right, reusability revolutionizes the economics of spaceflight.
Which both democratizes and commercializes it. Which means space travel has now slipped the surly bonds of government — presidents, Congress, NASA bureaucracies. Its future will now be driven far more by a competitive marketplace with its multiplicity of independent actors, including deeply motivated, financially savvy and visionary entrepreneurs. Read the rest of this entry »
With the South China Morning Post, Jack Ma’s personal politics will move into a global spotlight, for anyone to see and read in English.
Josh Horowitz writes: After lengthy negotiations, Alibaba founder Jack Ma may be close to an investmentin the publisher of the South China Morning Post, according to reports in Bloomberg, the New York Times, and Caixin.
Neither party has commented publicly about a deal, and it is unclear whether Ma would buy all or some of the SCMP Group. He already has a media empire that rivals Amazon’s Jeff Bezos, and has invested in two US-based social media apps—Tango and Snapchat. But the maybe-pending SCMP bid has already attracted nearly as much attention as any of those done deals.
That’s because with the SCMP, Ma’s personal politics will move into a global spotlight, for anyone to see and read in English.
The SCMP was once the English-language paper of record for reporting on China. Founded in 1903 as the “printing house for the Chinese revolution,” it covered far more than just Hong Kong. Throughout the fifties and sixties, it was often the first source for information about the famines and political clashes of the Mao era. After the country opened up, its multi-national staff would regularly break stories about political scandals and human rights abuses on the mainland, even after Hong Kong was handed over to China in 1997.
Its reporting was rewarded financially. In 1997 it earned HK$805 million (over $200 million) in net profits, about $420 in profit per-reader. Read the rest of this entry »
On October 27, 1961, the Marshall Space Flight Center and the Nation marked a high point in the 3-year-old Saturn development program when the first Saturn vehicle flew a flawless 215-mile ballistic trajectory from Cape Canaveral, Florida. The 162-foot-tall rocket weighed 925,000 pounds and employed a dummy second stage.