China has expanded its application of home-developed BeiDou Navigation Satellite System, or BDS, to support the underground transportation in the country’s capital city of Beijing, with the help of its world-beating 5G technology.
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02/08/2021 5 Minutes Read
Despite the global slowdown, space sector continues to be on a roll. Investment in space industry set a new record in 2020, with the space infrastructure segment garnering 8.9 billion, according to a new report by Space Capital.
The total 2020 investment of 25.6 billion in the space sector was the third highest in the decade (trailing only 2018 and 2016), in the face of widespread fears that COVID-19 would dampen the past decade’s momentum.
“As the world entered its first waves of COVID-19 lockdowns in Q1-Q2, many industry commentators predicted a wave of bankruptcies and a general pullback by investors, which never materialized,” the report notes, adding that despite wide expectations that [space] Infrastructure would be hardest hit by the pandemic, 2020 turned out to be a record year for investment at this layer of the stack with $8.9B invested.
administration tried to influence his testimony too about the wireless firm lights squared. our molly henneberg has been dugging into these reports. she joins us live from washington. reporter: what s important here is what anthony russo did and did not say to congress. he has a long government title, the director of the national coordination office for space-based positioning navigation and timing. essentially that means he save guards the nation s gps system. light squared is trying to put up a nationwide wireless broadband system. they are concerned about its effects on gps. here is what russo told the house sigh event committee earlier this month. he said part of light scared plans will create harmful interference with the gps system. what he did not say that a line of the obama administration omb suggested he should, and that