Technologies

Why SpaceX’s Inspiration4 mission matters to everyone

Commentary: It’s arguably the biggest mission in the so-called billionaire space race of 2021 and a key step to a more high-flying future.

Imagine getting a call saying that if you want, you can join the rare group of less than a thousand humans who’ve not only visited space but orbited this planet. Oh, and the mission blasts off in about six months.

That’s the call three Americans received earlier this year. And the offer wasn’t for the type of 15-minute joyride to the edge of space we recently saw from Blue Origin and Virgin Galactic. We’re talking about a three-day sojourn in orbit, the sort of thing NASA astronauts spend their entire lives preparing for.

Sure, civilians have flown to the International Space Station before, but it typically required a personal fortune, a little influence and months or even years of training. The idea of plucking people from obscurity, Wonka-style, and sending them into orbit has been the stuff of science fiction.

Until now.

As I wrote this, physician’s assistant Hayley Arceneaux and data engineer Chris Sembroski, both of whom had zero reason as of a year agoto expect they’d ever visit space, were whipping around this planet roughly every 90 minutes.

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They were joined by billionaire entrepreneur Jared Isaacman and geologist Sian Proctor, who both have experience as pilots but no spaceflight experience.

The quartet makes up the entirety of the crew of the Inspiration4 mission that splashed back down to Earth on Saturday. There was no professional astronaut chaperone from NASA on board, just four space novices cruising above Earth, performing research and making history. The mission is also billed as a fundraiser for St. Jude’s Children’s Research Hospital, where Arceneaux was a patient as a child and now works as a medical professional.

This was all bankrolled by Isaacman and possible thanks to SpaceX and its autonomous Crew Dragon spacecraft, the first new crewed spaceship (outside of China) that we’ve seen since the space shuttle made its debut decades ago.

For space fanatics, this mission is a big deal, but several billion other humans can be forgiven for wondering why it matters that yet another wealthy person has financed a trip to space and invited a few randos to ride along.

Inspiration for who?

First, it’s important to remember that new methods of transport have typically gone through the same process — trains and planes started out as elite experiences went on to revolutionize our lives. This suggests the Inspiration4 crew could be just the first of many regular people to go to orbit or beyond. (SpaceX didn’t respond to a request for comment.)

Elon Musk has suggested his next-generation Starship could eventually be used for super quick international flights via orbit, possibly with less of a carbon footprint than current commercial jetliners.

Inspiration4 lays the groundwork for the idea of making it to orbit as a passive passenger and opening up space for transportation and other possible uses.

If you believe, as I do, that expanding humanity’s footprint beyond our planet is likely to improve life on our planet, Inspiration4 is an important milestone on that generations-long journey.

I’m not sure Mars is the best place to build a city or that living on orbiting space stations will be practical anytime soon.

But a few things I do know: Industrialization on Earth often comes at the detriment of the planet’s delicate ecosystems, and some of that industry could be moved into space. Billionaires in space today could be the first step toward factories or power plants in orbit tomorrow that help us finally mitigate climate change.

Also, the original space race of the 1950s through 1970s didn’t just put people on the moon, it spawned loads of innovation that undergirds our civilization today.

The GPS on your phone that gets you where you need to go and our satellite-based society that moves all sorts of information around the globe at the speed of light can be traced directly back to the Mercury and Apollo programs and the founding of NASA.

It’s exciting to imagine what parts of daily life in 2050 will owe their prominence to SpaceX and Inspiration4.

Technologies

Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance

Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.

Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.

The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.

Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.

Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.

Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.

The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»

Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.

Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.

At Monday’s close, the stock had dropped 14% year-to-date.

Technologies

OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report

OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.

OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.

Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.

‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

Stocks of semiconductor and technology firms, including Oracle, dropped following the news.

The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.

Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.

This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.

Read the full report from The Wall Street Journal.

Technologies

OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift

OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.

Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).

AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.

‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.

Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.

OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.

‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’

A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.

Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’

On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.

OpenAI and Amazon have been getting closer in other ways.

In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.

Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.

The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.

‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know