NASA chooses SpaceX to take humans back to moon
April 17, 2021, 9:40 am

NASA chooses SpaceX to take humans back to moon

In this image released by NASA, a SpaceX Falcon 9 rocket with the company's Crew Dragon spacecraft onboard is rolled out of the horizontal integration facility at Launch Complex 39A during preparations for the Crew-2 mission, on April 16, 2021. (AFP)

NASA has selected SpaceX to land the first astronauts on the surface of the Moon since 1972, the agency said Friday, in a huge victory for Elon Musk's company.

The contract, worth $2.9 billion, involves the prototype Starship spacecraft that is being tested at SpaceX's south Texas facility.

"Today I'm very excited, and we are all very excited to announce that we have awarded SpaceX to continue the development of our integrated human landing system," said Lisa Watson-Morgan, NASA's Human Landing System program manager.

SpaceX beats out Jeff Bezos' Blue Origin and defense contractor Dynetics to be the sole provider for the system, a surprising break from the past when NASA has chosen multiple companies in case one fails.

Industry analysts said the decision underscores the company, founded by Musk in 2002 with the goal of colonizing Mars, as NASA's most trusted private sector partner.

Last year, SpaceX became the first private firm to successfully send a crew to the International Space Station, restoring American capacity to accomplish the feat for the first time since the Shuttle program ended.

For its Moon lander bid, SpaceX put forward its reusable Starship spacecraft, which is designed to carry large crews and cargo for deep space voyages, and land upright both on Earth and other celestial bodies.

Prototypes of the vessel are currently being put through their paces at the company's south Texas facility, though all four versions that have so far attempted test flights have exploded.

Under the Artemis program to return humans to the Moon, NASA wants to use the Space Launch System rocket to launch four astronauts on board an Orion crew capsule, which will then dock with a lunar space station called Gateway.

Starship will be waiting to receive two crew members for the final leg of the journey to the surface of the Moon.

The idea is for Gateway to be the go-between but for the initial mission Orion might dock directly with Starship, Watson-Morgan said.

The astronauts would then spend a week on the Moon before boarding Starship to return to lunar orbit, then take Orion back to Earth.

Separately, SpaceX has plans to combine the Starship spaceship with its own Super Heavy rocket, to make a combined vessel that will tower 394 feet (120 meters) tall and be the most powerful launch vehicle ever deployed.

Humanity last stepped foot on the Moon in 1972 during the Apollo program.

NASA wants to go back and establish a sustainable presence, complete with a lunar space station, in order to test new technologies that will pave the way for a crewed mission to Mars.

In 2019, then vice president Mike Pence challenged NASA to land the first woman and the next man on the Moon by 2024, but it's likely that timeline will be relaxed under President Joe Biden.

Another change under the current administration is its stated goal of placing the first person of color on the Moon under the Artemis program.

source: AFP

Image source: AFP

Levant

Madrid to host charity bullfight for matadors left jobless by coronavirus More oversight needed in Westminster, says head of standards watchdog

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.