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The US government is helping get cash to private space companies, replacing frozen venture capital

Investment in the fast-growing space industry was booming well into the first quarter of 2020 but private capital has largely frozen as the coronavirus pandemic strikes the U.S., leading both civil and military agencies to step up funding for corporate partners.

“We kicked into high gear as soon as it was apparent a lot of companies were not going to be able to conduct business as usual due to distancing requirements,” Mike Read, International Space Station business and economic development manager at NASA’s Johnson Space Center, told CNBC.

U.S. equity investment in space companies totaled $5.4 billion across 36 deals in the first quarter, according to a report Friday by NYC-based firm Space Capital. But the second quarter is likely to just see a fraction of that investment, according to Space Capital managing partner Chad Anderson, as deal flow in the U.S. will follow China’s path. Chinese investment in space was climbing by record amounts until the first quarter, when “activity in China was basically shut off,” Anderson said.

Binance Sees Record High Trading Volume as Investors Flood into Crypto

The crypto market has been able to add on over $20 billion to its total capitalization, with the upswing seen today by Bitcoin and many of its smaller counterparts marking a full erasure of the losses incurred during the mid-March meltdown.

The significance of today’s price action extends far beyond just boosting the market’s technical strength, as it has also revitalized investors – an occurrence indicated by trading volume on crypto exchange Binance hitting a fresh all-time high today.

This comes as the benchmark cryptocurrency’s fundamental undercurrent grows stronger, with the influx of new retail investors into BTC suggesting that there may be a shifting market dynamic that ultimately allows it to continue climbing higher.

Stanford University lab repurposes scuba gear into reusable PPE

Bioengineering professor Manu Prakash runs a lab at Stanford University that uses low-cost materials to create effective scientific devices. He returned from a recent vacation with some scuba gear — as well as a cold. While he tested negative for COVID-19, he stayed cautious and self-quarantined for two weeks. During that time, he reworked his snorkel mask into a reusable face shield for healthcare providers by combining it with a medical-grade filter. Dubbed the Pneumask, Prakash and his team tested the device and sent their findings to the FDA, which cleared it as a face shield or surgical mask, but not as a respirator. According to The Washington Post, this decision was made so that the masks could go out to healthcare workers immediately, as clearing the device as a respirator would require more time.

Manu Prakash and his team at Stanford University have turned a standard scuba mask into a reusable medical face mask.

Space Surveillance Telescope Sees First Light: through US & Australian

In partnership with the Australian Ministry of Defense, the U.S. Space Force’s (USSF) Space and Missile Systems Center’s (SMC) Space Surveillance Telescope (SST) Program recently achieved “first light” on March 5, 2020, reaching a key milestone after it was moved from White Sands Missile Range, New Mexico to Harold E. Holt Naval Communications Station in Western Australia.

“This key Space Domain Awareness, or SDA, partnership builds on the long history of close defense space cooperation between the United States and Australia and has been a cornerstone of our continued alliance,” said Gordon Kordyak, SMC Special Programs Directorate Space Domain Awareness Division chief.

Moving the SST to Australia satisfied a critical objective to improve the broader USSF Space Surveillance Network’s ground-based electro-optical coverage of the geosynchronous space regime. First light is a significant milestone in meeting this objective. It means that course alignment of the telescope optics with the wide field of view camera has been completed to allow the first images of objects in orbit to be seen by the telescope.

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