FT News Briefing The growing problem of space junk
Nov 22, 2021
Peggy Hollinger, the Financial Times' International Business Editor, dives into the urgent issue of space junk. She discusses the alarming rise in debris, sparked by Russia's recent satellite destruction. Hollinger emphasizes the real threat of Kessler syndrome, where collisions create more debris, jeopardizing future space missions. The conversation highlights the critical need for regulations as the commercial space industry expands, likening the situation to the pollution challenges of industrialization. Her insights reveal the complexities of maintaining a sustainable orbit.
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Saudi Arabia's Military Production Goal
- Saudi Arabia aims to boost domestic military production to 50% of spending within a decade.
- This aligns with Crown Prince Mohammed's plan to diversify the economy and reduce reliance on oil.
EA and FIFA Split
- EA and FIFA are ending their 30-year partnership.
- FIFA wanted more money for licensing, and EA felt the game's brand was stronger than FIFA's.
Space Debris Threat
- Russia's destruction of its satellite created debris.
- This debris poses a severe threat to other satellites and the Kessler syndrome.