A San Antonio company is partnering with the military and SpaceX to move cargo anywhere in the world in an hour using commercial spacecraft — including vertical-landing rockets built in Texas.
U.S. Transportation Command, which is responsible for moving military personnel and equipment around the world, said it’s working with Exploration Architecture, or XArc, and Elon Musk’s SpaceX to develop “rapid transportation through space” capabilities.
XArc, with six employees, is responsible for determining what’s needed on the ground to launch and land commercial spacecraft around the world.
The collaboration is the latest development in Texas’ still-expanding role in space travel and could help the U.S. military more quickly respond to threats and humanitarian crises around the world.
The aim is to use commercial space vehicles, including SpaceX’s Starship, to deliver payloads anywhere in the world. Starship can carry loads of 220,000 pounds.
The test, called FELUDA—an acronym for FNCAS9 Editor-Limited Uniform Detection Assay—was named after a popular Indian fictional detective. It intends to “address the urgent need for accurate mass testing,” according to a statement from TATA Sons, which manufactured the test.
The kit could be manufactured for self-testing in the future, according to Agarwal, but the prototype being developed currently is only intended for testing in labs.
The FELUDA test follows a similar rapid test kit developed in the US this spring. Both tests use a gene-editing technology called CRISPR to detect the virus in a patient’s RNA. The US Food and Drug
Costco (COST) shares were drilled to the tune of 3% on Friday after delivering what looked to be an impressive fiscal fourth quarter. The company posted quarterly earnings some 33 cents ahead of analyst estimates, powered by an unworldly 11.4% same-store sales gain. Costco members flocked to warehouses to keep their cupboards stocked up as they continue to spend more time at home during the COVID-19 pandemic. Executives pointed out on an earnings call that it believes the pandemic has brought in new Costco members, too.
To round out the on-paper positives, Costco topped $4 billion in net earnings for the first time in its fiscal year and enters its new fiscal year armed with a $12.3 billion cash war chest.
Then why the selloff in Costco’s stock? Simply put, analysts appear not too pleased Costco continues to pay its workers what has