Virgin Galactic stock has soared 160% so far in 2020, which shows the market’s confidence in the notion of space tourism. The company projects revenues of $600 million by 2023. If private space efforts literally ‘soar’ and projected revenues are met, all different types of verticals and areas of the tech sector will want to become part of the value chain.
Still upset over losing the Department of Defense JEDI contract, Amazon’s AWS seeks to President Trump and six other government workers regarding the selection of Microsoft for the DoD cloud services contract. Will questioning the government about this decision make any difference?
As experiential retailer b8ta opens its first international store, the retail-as-a-service provider continues to blaze new trails in the retail industry, at a time when that is some much-needed change. Describing themselves as “the next generation of retail” and focusing not only on discovery, but also on the building of infrastructure and tools to power that next generation of retail, I continue to watch what the b8ta team is doing with interest.
Internet satellites continue to crowd the skies, with Elon Musk’s SpaceX and Richard Branson’s OneWeb leading the way. With early-stage space tech investments reported thus far at about $24 billion invested in 500 companies, this sector is beginning its boom. Specific to internet satellites, what does that mean for our skies? What is the FAA focused on as it relates to space tech? What are the overriding concerns for the space tech industry? Here’s what we think is ahead.
What do private space efforts mean for the tech sector? As Elon Musk forges ahead with his plans to colonize Mars and private space exploration becomes a reality, there are both challenges and opportunities ahead. Here are my predictions on what tech sectors could experience a paradigm shift and new revenue streams fueled by private space exploration.
With the launch of 2020, certain cybersecurity laws covering “smart” devices go into effect. As local (state) IoT cybersecurity regulation kicks in and federal regulation is looming, what does this mean for members of IoT ecosystems?