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Space rally gets reality check with Blue Origin blowup

Latest articles - The Japan Times·Space rally gets reality check with Blue Origin blowup·2 days ago
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Damage at the site of a launchpad after an uncrewed Blue Origin New Glenn rocket exploded during a test at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, on Friday. | REUTERS A weekslong rally in space-related stocks came to an abrupt halt on Friday, with the explosion of a Blue Origin rocket serving as a glaring reminder of the risks that come with the potential riches investors hope to reap from the blossoming industry. The Jeff Bezos-backed firm’s New Glenn rocket blew up Thursday evening while undergoing a test on a Florida launchpad, ahead of plans for it to deploy satellites for Amazon’s Leo, a rival network to SpaceX’s Starlink. The explosion dealt a major setback to Blue Origin’s efforts, and will likely lead to delays. It also raises questions around a platform that was among companies selected just this week by NASA to help jumpstart its lunar base program. In a time of both misinformation and too much information, quality journalism is more crucial than ever.…

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