Stadia could have a ‘material impact’ on Google: The Motley Fool

Stadia could have a ‘material impact’ on Google: The Motley Fool4 Hours AgoJason Moser of The Motley Fool says the comparison of Google’s Stadia to Netflix is a “good one” because it boils down to content in both cases. He also says there is a big and growing opportunity in the game streaming space.


Stadia could have a ‘material impact’ on Google: The Motley Fool4 Hours AgoJason Moser of The Motley Fool says the comparison of Google’s Stadia to Netflix is a “good one” because it boils down to content in both cases. He also says there is a big and growing opportunity in the game streaming space.
Stadia could have a ‘material impact’ on Google: The Motley Fool Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, stadia, hours, streaming, material, impact, google, opportunity, netflix, moser, motley, space, fool


Stadia could have a 'material impact' on Google: The Motley Fool

Stadia could have a ‘material impact’ on Google: The Motley Fool

4 Hours Ago

Jason Moser of The Motley Fool says the comparison of Google’s Stadia to Netflix is a “good one” because it boils down to content in both cases. He also says there is a big and growing opportunity in the game streaming space.


Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, stadia, hours, streaming, material, impact, google, opportunity, netflix, moser, motley, space, fool


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Check out all the intergalatic-themed food and booze Disney’s new Star Wars attractions will have

When Walt Disney’s theme park attraction Star Wars: Galaxy’s Edge opens at May 31 at Disneyland Park in Anaheim, California and August 29 at Walt Disney World Resort in Orlando, in addition to rides and shops, there will be intergalactic cantina dining experiences with themed food and drinks. The Star Wars-themed areas will feature Oga’s Cantina, a restaurant meant to resemble the space cantinas seen in movie installments like 1977’s “Star Wars: A New Hope” and 2015’s “The Force Awakens.”


When Walt Disney’s theme park attraction Star Wars: Galaxy’s Edge opens at May 31 at Disneyland Park in Anaheim, California and August 29 at Walt Disney World Resort in Orlando, in addition to rides and shops, there will be intergalactic cantina dining experiences with themed food and drinks. The Star Wars-themed areas will feature Oga’s Cantina, a restaurant meant to resemble the space cantinas seen in movie installments like 1977’s “Star Wars: A New Hope” and 2015’s “The Force Awakens.”
Check out all the intergalatic-themed food and booze Disney’s new Star Wars attractions will have Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: tom huddleston jr, source, disney parks, kent phillips disney parks
Keywords: news, cnbc, companies, disneys, intergalaticthemed, check, warsthemed, wars, booze, space, walt, cantina, theme, world, park, star, themed, food, attractions


Check out all the intergalatic-themed food and booze Disney's new Star Wars attractions will have

When Walt Disney’s theme park attraction Star Wars: Galaxy’s Edge opens at May 31 at Disneyland Park in Anaheim, California and August 29 at Walt Disney World Resort in Orlando, in addition to rides and shops, there will be intergalactic cantina dining experiences with themed food and drinks.

The Star Wars-themed areas will feature Oga’s Cantina, a restaurant meant to resemble the space cantinas seen in movie installments like 1977’s “Star Wars: A New Hope” and 2015’s “The Force Awakens.”


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: tom huddleston jr, source, disney parks, kent phillips disney parks
Keywords: news, cnbc, companies, disneys, intergalaticthemed, check, warsthemed, wars, booze, space, walt, cantina, theme, world, park, star, themed, food, attractions


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Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts

Space tourism will be a $3 billion market by 2030, UBS estimates. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.” UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has b


Space tourism will be a $3 billion market by 2030, UBS estimates. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.” UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has b
Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael sheetz, source, virgin galactic
Keywords: news, cnbc, companies, space, predicts, market, fast, technology, using, castle, ubs, travel, billion, tourism, longhaul, disrupting, super, outer, walton


Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts

UBS believes there will be very lucrative ramifications from the space flight efforts currently led by Virgin Galactic, SpaceX and Blue Origin.

A lengthy UBS report published on Sunday found that, in a decade, high speed travel via outer space will represent an annual market of at least $20 billion and compete with long-distance airline flights. Space tourism will be a $3 billion market by 2030, UBS estimates.

“While space tourism is still at a nascent phase, we think that as technology becomes proven, and the cost falls due to technology and competition, space tourism will become more mainstream,” UBS analysts Jarrod Castle and Myles Walton wrote in the note. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.”

UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has become much more bullish.”

Private space companies “are investing aggressively across the space opportunity,” UBS said, and the firm believes access to space “is the enabler to broader opportunities for investment.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael sheetz, source, virgin galactic
Keywords: news, cnbc, companies, space, predicts, market, fast, technology, using, castle, ubs, travel, billion, tourism, longhaul, disrupting, super, outer, walton


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Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts

Space tourism will be a $3 billion market by 2030, UBS estimates. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.” UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has b


Space tourism will be a $3 billion market by 2030, UBS estimates. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.” UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has b
Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael sheetz, source, virgin galactic
Keywords: news, cnbc, companies, space, predicts, market, fast, technology, using, castle, ubs, travel, billion, tourism, longhaul, disrupting, super, outer, walton


Super fast travel using outer space could be $20 billion market, disrupting airlines, UBS predicts

UBS believes there will be very lucrative ramifications from the space flight efforts currently led by Virgin Galactic, SpaceX and Blue Origin.

A lengthy UBS report published on Sunday found that, in a decade, high speed travel via outer space will represent an annual market of at least $20 billion and compete with long-distance airline flights. Space tourism will be a $3 billion market by 2030, UBS estimates.

“While space tourism is still at a nascent phase, we think that as technology becomes proven, and the cost falls due to technology and competition, space tourism will become more mainstream,” UBS analysts Jarrod Castle and Myles Walton wrote in the note. “Space tourism could be the stepping stone for the development of long-haul travel on earth serviced by space.”

UBS expects the broader space industry, which is worth about $400 billion today, will double to $805 billion by 2030 when accounting for these innovations. While these sub-sectors would be a small part of that, Castle and Walton said “the outlook for the space economy, space tourism and long-haul travel using space has become much more bullish.”

Private space companies “are investing aggressively across the space opportunity,” UBS said, and the firm believes access to space “is the enabler to broader opportunities for investment.”


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael sheetz, source, virgin galactic
Keywords: news, cnbc, companies, space, predicts, market, fast, technology, using, castle, ubs, travel, billion, tourism, longhaul, disrupting, super, outer, walton


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Amazon takes another step into the medical space by accepting pre-tax health spending accounts

Amazon’s rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products. The company also acquired an internet pharmacy company, PillPack, in the summer of 2018, signaling an interest in adding prescription medicines to its marketplace. But PillPack, which primarily serves older customers who take multiple medications, hasn’t been fully integrated into Amazon and still operates independently. To sell prescription medicines, Amazon will need to work with m


Amazon’s rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products. The company also acquired an internet pharmacy company, PillPack, in the summer of 2018, signaling an interest in adding prescription medicines to its marketplace. But PillPack, which primarily serves older customers who take multiple medications, hasn’t been fully integrated into Amazon and still operates independently. To sell prescription medicines, Amazon will need to work with m
Amazon takes another step into the medical space by accepting pre-tax health spending accounts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: christina farr, lindsey wasson
Keywords: news, cnbc, companies, accepting, medicines, prescription, spending, services, medical, pillpack, amazon, pharmacy, space, takes, pretax, hsa, accounts, fsa, health, learn, step


Amazon takes another step into the medical space by accepting pre-tax health spending accounts

Amazon’s rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products.

The company also acquired an internet pharmacy company, PillPack, in the summer of 2018, signaling an interest in adding prescription medicines to its marketplace. It now has a leader for that pharmacy business, a veteran who helped build Amazon’s Kindle self-publishing platform. But PillPack, which primarily serves older customers who take multiple medications, hasn’t been fully integrated into Amazon and still operates independently.

Prescription drugs is a notoriously challenging product to offer, given the complex web of intermediaries that sit between the drug manufacturer and the pharmacy. To sell prescription medicines, Amazon will need to work with middlemen, known as pharmacy benefits managers, in order to take a customer’s insurance.

Some health experts suggest that the move into adding HSA and FSA cards is a smart method for Amazon to learn more about people’s spending on health.

“It’s a back end way for Amazon to learn about consumer purchasing behavior of health care products and services, as it moves more deeply into the space,” said Michael Yang, a health-tech investor with Omers Ventures.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: christina farr, lindsey wasson
Keywords: news, cnbc, companies, accepting, medicines, prescription, spending, services, medical, pillpack, amazon, pharmacy, space, takes, pretax, hsa, accounts, fsa, health, learn, step


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China plans a solar power play in space that NASA abandoned decades ago

Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. Thin film solar panels are lightweight, which reduces launch cost. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment. In India and in Europe scientists are working on additional concepts for solar based pow


Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. Thin film solar panels are lightweight, which reduces launch cost. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment. In India and in Europe scientists are working on additional concepts for solar based pow
China plans a solar power play in space that NASA abandoned decades ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: eric rosenbaum, donovan russo, nasa, getty images news, getty images, mark hopkins, national space society, sps-alpha concept, image provided john c mankins, -john mankins
Keywords: news, cnbc, companies, tech, power, china, abandoned, cost, ago, launch, issue, decades, weight, huge, play, thing, solar, nasa, space, plans, weighing


China plans a solar power play in space that NASA abandoned decades ago

Mankins said this view is becoming quickly outdated due to a dramatic lowering of rocket launch costs through efforts funded by billionaires including Tesla founder Elon Musk’s SpaceX and Amazon founder Jeff Bezos’s Blue Origin. Meanwhile, developments in robotics and modular-manufacturing — being able to produce many small modular pieces to make a whole rather than one huge piece of equipment — could lead to cost-effective ways to construct these projects in orbit without having to build a multi-billion-dollar factory in space. He referenced a major review conducted by the federal government in 1981 that when looked at in today’s dollars would have cost up to $1 trillion to deliver the first kilowatt/hour of solar from space. “The whole program was killed in the U.S.,” he said.

Now the studies conducted on feasibility are decades old and simply no longer relevant to the discussion, Mankins said. “Whenever a gray-haired senior scientist tells you something can be done, they are almost certainly right. When they tell you it can’t be done, he or she may very well be wrong,” he said, referencing an adage by science fiction author Arthur C. Clarke from his famous “three laws.”

“We have had a revolution in robotics, drones and warehouse robots that didn’t exist. Previously, the whole thing had to be built as one huge system, an enormous thing like a aircraft carrier shipyard in space to fabricate one enormous object weighing 10,000 tonnes rather than 10 million small units each weighing a few pounds that can use mass production,” he said. “We no longer need a stupendously huge factory in space and hundreds of astronauts to put it together. The whole world, other than the space program, has moved forward to mass-produced modular network devices. That’s the way you would do it, and it was unthinkable 40 years ago, but suddenly it is physically, technically and economically doable.”

American scientists are tinkering with the idea to this day. A group at the California Institute of Technology claims to have created a prototype that is able to capture and transmit solar energy from space, using light weight tiles, work sponsored by a $17.5 million research agreement with Northrop Grumman. Weight has always been a key issue to resolve because of the cost of rocket launches being based on weight of cargo. Thin film solar panels are lightweight, which reduces launch cost. Though as launch costs come down it may be less of a make-or-break issue. Thin film may also have a structural advantage in space — the lighter weight is no issue in the zero-gravity environment.

Other nations are exploring the concept. In India and in Europe scientists are working on additional concepts for solar based power in space. Japan’s JAXA, an aerospace exploration agency, has been researching how to overcome technological barriers, such as microwave wireless power transmission tech and robotic assembly tech.


Company: cnbc, Activity: cnbc, Date: 2019-03-15  Authors: eric rosenbaum, donovan russo, nasa, getty images news, getty images, mark hopkins, national space society, sps-alpha concept, image provided john c mankins, -john mankins
Keywords: news, cnbc, companies, tech, power, china, abandoned, cost, ago, launch, issue, decades, weight, huge, play, thing, solar, nasa, space, plans, weighing


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Hudson Yards may be the moment of truth for how online brands compete in the real world

At Hudson Yards, an 18-million-square-foot real estate development on the New York’s West Side, 1 million square feet will be devoted to retailers like Lululemon, Sephora, Louis Vuitton and Fendi. In many ways, this will be the first time a shopping center has been built from ground up with online brands top of mind, giving them permanent and not just pop-up space. He views Hudson Yards as a “new-age mall,” where shoppers who have been seeing some of these up-and-coming retailers on their Instag


At Hudson Yards, an 18-million-square-foot real estate development on the New York’s West Side, 1 million square feet will be devoted to retailers like Lululemon, Sephora, Louis Vuitton and Fendi. In many ways, this will be the first time a shopping center has been built from ground up with online brands top of mind, giving them permanent and not just pop-up space. He views Hudson Yards as a “new-age mall,” where shoppers who have been seeing some of these up-and-coming retailers on their Instag
Hudson Yards may be the moment of truth for how online brands compete in the real world Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lauren thomas, source, related cos
Keywords: news, cnbc, companies, yards, space, real, brands, store, truth, compete, mack, online, hudson, weldon, test, opening, moment, world


Hudson Yards may be the moment of truth for how online brands compete in the real world

Brands born on the internet will have a home at Manhattan’s new mega mall.

At Hudson Yards, an 18-million-square-foot real estate development on the New York’s West Side, 1 million square feet will be devoted to retailers like Lululemon, Sephora, Louis Vuitton and Fendi. It will also include a space dedicated to brands that started online and are now starting to open storefronts, like shoemaker M.Gemi and sock retailer Stance.

In many ways, this will be the first time a shopping center has been built from ground up with online brands top of mind, giving them permanent and not just pop-up space. It will be a test to see if these brands have enough clout to generate buzz outside of their websites, lure shoppers and keep their landlords happy. On what Hudson Yard is calling the “Floor of Discovery” on the second level of the building, visitors will find all of these digitally savvy brands in one place, neighboring one another.

“The opportunity to construct a new retail development today does allow for the developer to logically lay out spaces for present times,” which includes these online brands, said Mark Kaplan, principal and chief operating officer at Ripco Real Estate, a New York-area brokerage firm. He views Hudson Yards as a “new-age mall,” where shoppers who have been seeing some of these up-and-coming retailers on their Instagram feeds can test products before buying them. “The internet can be a cheaper way to grow a business from 0 to 15 miles per hour, but you need a bricks-and-mortar strategy to supercharge it,” he said.

The born-on-the-internet brands — including men’s athletic apparel company Rhone and trendy beverage brand Dirty Lemon — opening up shop this week at Hudson Yards look at it as an opportunity to test the waters before they decide if they want to grow further. Men’s underwear brand Mack Weldon, for example, will be opening its first bricks-and-mortar store ever.

“We think about this as a long-term deal,” said Mack Weldon founder and CEO Brian Berger. In opening this first store, Mack Weldon “wants to build a sound case to do a handful more” locations, he said.

A bonus: “The statistic is in the markets where you have physical retail, the [e-commerce] business in that market increases by about 30 percent,” Berger said.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: lauren thomas, source, related cos
Keywords: news, cnbc, companies, yards, space, real, brands, store, truth, compete, mack, online, hudson, weldon, test, opening, moment, world


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This is the moon rover Toyota plans to launch into space — take a look

Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons. The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week. This is what the moon vehicle could eventually look like:


Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons. The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week. This is what the moon vehicle could eventually look like:
This is the moon rover Toyota plans to launch into space — take a look Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom huddleston jr, source, toyota motor
Keywords: news, cnbc, companies, weekthis, work, toyota, space, transport, agency, launch, worlds, technology, moon, look, rover, vehicles, vehicle, plans


This is the moon rover Toyota plans to launch into space — take a look

Toyota may already be one of the world’s biggest manufacturers of Earth-bound vehicles, but the Japanese automaker is looking to expand its horizons.

The auto company has plans to work with Japan’s space agency to develop a manned lunar rover that will run on fuel cell technology and provide transport for people and cargo on the moon, Toyota Motor and the Japan Aerospace Exploration Agency (JAXA) announced this week.

This is what the moon vehicle could eventually look like:


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tom huddleston jr, source, toyota motor
Keywords: news, cnbc, companies, weekthis, work, toyota, space, transport, agency, launch, worlds, technology, moon, look, rover, vehicles, vehicle, plans


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The Pentagon is asking for a colossal $718 billion for its 2020 defense budget

WASHINGTON – The Pentagon is asking for $718 billion in its fiscal 2020 budget, a $33 billion or about 5 percent increase over what Congress enacted for fiscal year 2019. The White House officially released the broad details of President Donald Trump’s fiscal 2020 budget request on Monday, requesting a colossal $750 billion for national defense. The $718 billion budget is comprised of a base budget of $544.5 billion, $9.2 billion for emergency border funding and $164 billion for overseas conting


WASHINGTON – The Pentagon is asking for $718 billion in its fiscal 2020 budget, a $33 billion or about 5 percent increase over what Congress enacted for fiscal year 2019. The White House officially released the broad details of President Donald Trump’s fiscal 2020 budget request on Monday, requesting a colossal $750 billion for national defense. The $718 billion budget is comprised of a base budget of $544.5 billion, $9.2 billion for emergency border funding and $164 billion for overseas conting
The Pentagon is asking for a colossal $718 billion for its 2020 defense budget Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: amanda macias, department of defense photo
Keywords: news, cnbc, companies, colossal, 2020, missile, force, pentagon, weapons, asking, space, funding, hypersonic, budget, defense, billion, 718


The Pentagon is asking for a colossal $718 billion for its 2020 defense budget

WASHINGTON – The Pentagon is asking for $718 billion in its fiscal 2020 budget, a $33 billion or about 5 percent increase over what Congress enacted for fiscal year 2019.

The White House officially released the broad details of President Donald Trump’s fiscal 2020 budget request on Monday, requesting a colossal $750 billion for national defense. Approximately $30 billion will fund nuclear weapons programs under the Department of Energy as well as other agencies.

The $718 billion budget is comprised of a base budget of $544.5 billion, $9.2 billion for emergency border funding and $164 billion for overseas contingency operations funding, aka the war budget.

What’s more, the Department of Defense is asking Congress for $14.1 billion to invest in space operations and a key part of that is the first allocation of funding for a Space Force.

The Pentagon wants $72.4 million to establish a headquarters for Trump’s proposed Space Force. The $72.4 million represents about 0.01 percent of the Pentagon’s budget. President Donald Trump signed a directive last month ordering the Pentagon to draft legislation that would create the Space Force as a part of the U.S. Air Force. Space Force is slated to become the sixth military branch, the first in 72 years.

While the White House is asking for $8 billion over the next five years to establish the Space Force, U.S. Air Force Secretary Heather Wilson told CNBC last year that the new branch is likely to cost as much as $13 billion.

Of the total $14.1 billion for space investment, about $1.6 billion will fund improvements to space-based missile warning capabilities, a missing link in America’s layered missile defense system. What’s more, the Pentagon will invest an additional $13.6 billion in missile defense capabilities, of which $174 million will finance missile warning systems to address hypersonic threats.

The funding comes as Russia and China sprint to develop hypersonic weapons, a new breed of weapons that the U.S. currently cannot defend against.

Read more: Hypersonic weapons: What they are, and why the U.S. can’t defend against them

A hypersonic weapon is a missile that travels at Mach 5 or higher, which is at least five times faster than the speed of sound. That means a hypersonic weapon can travel about one mile per second.

So far, the Pentagon has awarded two multimillion-dollar hypersonic weapons contracts to Lockheed Martin last year.

CNBC’s Michael Sheetz contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: amanda macias, department of defense photo
Keywords: news, cnbc, companies, colossal, 2020, missile, force, pentagon, weapons, asking, space, funding, hypersonic, budget, defense, billion, 718


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Trump’s Space Force may get its first $72 million next year

The $14.1 billion would allocate funding to several national security programs, from satellites to missile warning systems. Of the $14.1 billion, about $1.6 billion will fund improvements to space-based missile warning capabilities, a missing link in America’s layered missile defense system. What’s more, the Pentagon will invest an additional $13.6 billion in missile defense capabilities, of which $174 million will finance missile warning systems to address hypersonic threats. There is also $1.7


The $14.1 billion would allocate funding to several national security programs, from satellites to missile warning systems. Of the $14.1 billion, about $1.6 billion will fund improvements to space-based missile warning capabilities, a missing link in America’s layered missile defense system. What’s more, the Pentagon will invest an additional $13.6 billion in missile defense capabilities, of which $174 million will finance missile warning systems to address hypersonic threats. There is also $1.7
Trump’s Space Force may get its first $72 million next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: michael sheetz, amanda macias, jim young
Keywords: news, cnbc, companies, 72, force, weapons, missile, pentagon, trumps, warning, putin, million, russia, security, space, national, hypersonic, billion


Trump's Space Force may get its first $72 million next year

The White House officially released the broad details of its fiscal 2020 budget on Monday, requesting a colossal $750 billion for national defense. The $718 billion is approximately a 5 percent increase, or about $34 billion, over what Congress approved for fiscal year 2019.

The $14.1 billion would allocate funding to several national security programs, from satellites to missile warning systems. Of the $14.1 billion, about $1.6 billion will fund improvements to space-based missile warning capabilities, a missing link in America’s layered missile defense system.

What’s more, the Pentagon will invest an additional $13.6 billion in missile defense capabilities, of which $174 million will finance missile warning systems to address hypersonic threats.

The funding requests come as Russia and China sprint to develop hypersonic weapons, a new breed of weapons that the U.S. currently cannot defend against.

Read more: Hypersonic weapons: What they are, and why the U.S. can’t defend against them

A hypersonic weapon is a missile that travels at Mach 5 or higher, which is at least five times faster than the speed of sound. That means a hypersonic weapon can travel about 1 mile per second.

During a state of the nation address last March, Russian President Vladimir Putin boasted about an arsenal of hypersonic nuclear weapons that he described as “invincible.”

“I want to tell all those who have fueled the arms race over the last 15 years, sought to win unilateral advantages over Russia, introduced unlawful sanctions aimed to contain our country’s development: You have failed to contain Russia,” Putin said at the time. He added that the new capabilities were “not a bluff,” and he showed footage of the weapons as well as a simulated strike on the U.S. homeland.

Of the six weapons Putin unveiled last year, CNBC has learned that two will be ready for war by 2020, according to sources with direct knowledge of U.S. intelligence reports. So far, the Pentagon has awarded two multimillion-dollar hypersonic weapons contracts to Lockheed Martin last year.

There is also $1.7 billion set aside to buy four rockets for national security space launches. SpaceX and United Launch Alliance — the joint venture of Boeing and Lockheed Martin — are the two rocket companies likely to bid for the $1.7 billion in contracts. In the past year, SpaceX has won seven national security launch contracts worth $718 million total, while ULA has won five worth $796.8 million.

The Pentagon set aside $1.1 billion to reduce the risk from satellite communications jamming threats, as well as $1.8 billion for the GPS III follow-on satellites, which Lockheed Martin has been building for the Air Force.


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: michael sheetz, amanda macias, jim young
Keywords: news, cnbc, companies, 72, force, weapons, missile, pentagon, trumps, warning, putin, million, russia, security, space, national, hypersonic, billion


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