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2024

DTN 049: Intuitive Machines Becomes First Private Company to Land on Moon

The Big Picture

Moon landing: US clinches first touchdown in 50 years

“A spacecraft built and flown by Texas-based company Intuitive Machines landed near the moon's south pole on Thursday, the first U.S. touchdown on the lunar surface in more than half a century and the first ever achieved by the private sector. NASA, with several research instruments aboard the vehicle, hailed the landing as a major achievement in its goal of sending a squad of commercially flown spacecraft on scientific scouting missions to the moon ahead of a planned return of astronauts there later this decade.” (Reuters)

The hard tech renaissance accelerates as YC spotlights space, manufacturing and defense

“Y Combinator is putting hard tech in the spotlight. On Wednesday, the accelerator released an updated list of ideas it would like to see in applications — with categories like space, manufacturing and defense featured prominently.
YC has backed plenty of hard tech startups before. Launch companies Stoke Space and Relativity Space and satellite broadband provider Astranis are among its alumnus. The accelerator’s biggest exit is still General Motors’ $1 billion purchase of autonomous vehicle company Cruise Automation in 2016.
But overall, hard tech comprises a very small fraction of the companies that have passed through its program. The accelerator is better known for nurturing breakout software startups in sectors like consumer and fintech. So the spotlight on hard tech suggests that YC sees hard tech as underinvested, and more likely to generate the massive valuation spikes required for a successful venture portfolio.” (TechCrunch)

Deep Tech News

JPEG of the Week

Image
A spacecraft containing pharmaceutical drugs that were grown on orbit has finally returned to Earth today after more than eight months in space.Varda Space Industries’ in-space manufacturing capsule, called Winnebago-1, landed in the Utah desert at around 4:40 p.m. EST. Inside the capsule are crystals of the drug ritonavir, which is used to treat HIV/AIDS. It marks a successful conclusion of Varda’s first experimental mission to grow pharmaceuticals on orbit, as well as the first time a commercial company has landed a spacecraft on U.S. soil, ever. (via TechCrunch / Varda Space Industries)

Peer Review

Funding x M&A

Miscellanea

Japan's 'naked men' festival succumbs to ageing population / Science journal retracts peer-reviewed article containing AI generated ‘nonsensical’ images / Millions of donkeys killed each year to make medicine / "Accelerationism" is an overdue corrective to years of gloom / Bioluminescent petunias now available for U.S. market / Nobel Prize winner Gregg Semenza tallies tenth retraction / When Every Ketchup but One Went Extinct / Air Canada must honor refund policy invented by airline's chatbot / A method to unilaterally disable all nuclear bombs on Earth

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