“Space-based technologies are the building blocks of innovation on Earth.'
Shipping company Maersk posted record annual earnings for 2022 but warned that profits are set to tumble this year as a "more balanced demand environment" emerges.iew into the business of space exploration and privatization, delivered straight to your inbox. CNBC's Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on the most important companies reaching new heights.
Bringing that "invisible backbone" idea back down to Earth is simplest in my opinion when we have tangible, quantifiable examples of just how space technology improves our lives and powers the global economy. Take, for one instance, Maersk's A few data points for context here: Maersk operates one of the world's largest shipping fleets, with 681 ships crewed by 12,500 company seafarers. Maersk last week announced a deal to add Starlink to the 336 ships that it owns, boosting onboard internet to speeds over 200 Megabits per second. Maersk conducted a pilot program with Starlink on 30 ships, and Sherry says the company was "delighted with the success.
Second, is the broader Maersk company, with Sherry saying "notoriously, there's bad coverage in some areas" where , with a quintet of representatives and experts saying at a Senate hearing that the regulator's space office in particular "is struggling to keep pace" with the industry's need to license rocket launches. While the FAA was not invited to testify at the hearing, an FAA spokesperson said that "keeping pace with industry demand is a priority.
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