Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Investing in Crypto Currencies With Both Eyes WIDE OPEN! - 25th Oct 21
Is Bitcoin a Better Inflation Hedge Than Gold? - 25th Oct 21
S&P 500 Stirs the Gold Pot - 25th Oct 21
Stock Market Against Bond Market Odds - 25th Oct 21
Inflation Consequences for the Stock Market, FED Balance Sheet - 24th Oct 21
To Be or Not to Be: How the Evergrande Crisis Can Affect Gold Price - 24th Oct 21
During a Market Mania, "no prudent professional is perceived to add value" - 24th Oct 21
Stock Market S&P500 Rallies Above $4400 – May Attempt To Advance To $4750~$4800 - 24th Oct 21
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Potential Winners in Space Exploration

Politics / Technology Jul 29, 2017 - 03:45 PM GMT

By: Rodney_Johnson

Politics In the pre-dawn hours of Saturday, October 12, 1957, a cold north wind blew through the streets of Baltimore. The temperature hovered around 40 degrees, but many of the people standing outside weren’t concerned about the chilly air.

They trained their binoculars on the sky. A small, glowing object streaked through the darkness and changed their world forever. Footage shot from down below by a local TV cameraman ended up on the national news.


The Russians, just a few days earlier, launched Sputnik 1, Earth’s first artificial satellite. It circled our planet every 98 minutes, traversing the United States seven times a day, and was visible with binoculars just after sunset and just before dawn.

But Sputnik 1 was small, about the size of a basketball. Successfully putting the satellite in orbit was important, but it held nothing more than a radio.

Then came Sputnik 2, launched a month later.

This satellite weighed more than 1,000 pounds and contained a living animal, a dog named Laika, a stray from the streets of Moscow that became the first animal to orbit Earth. Her presence far above, and circling at thousands of miles an hour, put the Russians firmly ahead of the U.S. in extraterrestrial milestones. And scared the snot out of everyone!

Could they spy on us?

Could they launch missiles from up there?

No one knew exactly what it meant for our adversary’s capabilities, but we knew that we couldn’t wait around to find out.

The U.S. launched its first unmanned satellite just months later in January 1958. The space race was born.

We all know about Neil Armstrong taking the first human step on the moon in 1969 and the many accomplishments of NASA, but sometimes we fail to see how such accomplishments dramatically improved our lives, even if they came at great cost.

It can come down to something as simple as the joy in finding an out-of-the-way historical marker, or as complicated as determining your position in the middle of the ocean.

Road directions used to be the domain of those who could read a map and apply that knowledge to the real world. It required combining the skills of memorization, visualization, and depth perception. Some people had it, many did not.

The dynamic could make family road trips entertaining, or an exercise in frustration that ended in tears, depending on who sat in the copilot’s seat. As my family traveled when I was a kid in the 1970s, it became a point of pride to provide accurate directions as we traversed the country.

This skill was highly valued in our household because our father was a captain in the merchant marines who had learned to determine his location on the high seas through celestial navigation. It seemed cool to use a sextant to measure the angle of the earth to known stars, but that wasn’t how he estimated his position when at work.

At the time, he used a radio navigation system called Loran-C, which was a further iteration of the original Long Range Navigation system used in World War II.

Loran used hyperbolic, low-frequency radio signals and a receiver to allow triangulation navigation. It required the installation of emitter stations around the world, and either receiving radios used with maps to estimate coordinates or special radios programmed to spit out longitude and latitude. It was cumbersome.

But the military had something else.

As Sputnik 1 flew by, U.S. engineers estimated its position by listening to the signal emitted by its radio transmitter. This prompted the reverse question: Could you estimate your position on Earth using signals from known satellites?

The answer was “Yes!”

But first those satellites had to exist.

In the 1960s, the U.S. military used satellites to pinpoint the location of submarines, but the process was still inconvenient. In the 1970s, the U.S. government decided to put effort into a satellite-based system for navigation and in 1978 launched the first Navigation System with Timing and Ranging (NAVSTAR). It was considered a state secret and not available for commercial use.

That changed in 1983 when the Russians shot down a South Korean airliner that accidentally veered into its airspace. President Reagan decided to make GPS navigation available for free to anyone who could receive the signal.

Once equipped with GPS receivers, anyone within range of several satellites could know where they were, at least in terms of longitude and latitude. The system rolled out in 1989 and became fully operational in 1993.

Just Look Where We Are Now

Today we use GPS in our smartphones to guide us to a local bar, a kid’s soccer game in an unfamiliar town, or even an airport or shipping port on the other side of the planet.

Imagine the savings in fuel, vehicle wear and tear, and even family relations from having GPS! And it all exists because NASA launches satellites equipped with timing and range capabilities.

An interesting part of the arc of GPS is that many of the original devices, produced by companies like Garmin, TomTom, and Magellan, have fallen out of favor. Most people don’t need two GPS-enabled gismos, and we’re going to keep our phones.

It just shows that even though a company is on the cutting edge of technology, it can still be cut out of the value chain.

I love stories about how exploration, whether out of fear, wonder, or greed, leads to improvements in our quality of life. These changes give us a chance to live better, and can also give us an opportunity to invest in the next big thing.

We’re exploring these themes, and more, at Dent Research’s fifth annual Irrational Economic Summit, October 12-14 in Nashville, Tennessee.

We’ve lined up guest speakers that include Stephen Sandford, who spent 28 years as a NASA engineer before taking a leadership role at the NASA Langley Research Center. He was nine years old when Armstrong first stepped foot on the moon, and now says we’ll have a base there in the near future.

And while often we look to the skies, there’s just as much to uncover back on Earth, notably under the seas. Mark Gordon of Odyssey Marine Exploration will talk about that. (Think pirate ships and minerals on the ocean floor.)

Our goal is to take you out of the box of conventional thinking, and possibly identify the next wave of technology that will change our lives, and lead to profitable investments. Just like Sputnik ultimately did 60 years ago.

Rodney

Follow me on Twitter ;@RJHSDent

By Rodney Johnson, Senior Editor of Economy & Markets

http://economyandmarkets.com

Copyright © 2017 Rodney Johnson - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Rodney Johnson Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in