Record Investments Propel New Space Era, Coral Discovery in Mediterranean
The third quarter saw $3.5 billion in global space investments, highlighting new ventures and ongoing defense spending. Concurrently, a rare Mediterranean coral reef discovery near Naples showcases marine biodiversity's richness and vulnerability.
The global space sector has witnessed a significant boost, reaching an unprecedented $3.5 billion in investments during the third quarter. This growth is fuelled by an array of startups and sustained defense expenditures, the Seraphim Space report indicates.
The influx of funds, which saw a rise from $1.79 billion the previous year, underscores space as a pivotal growth area within the tech landscape, paralleling artificial intelligence's rise.
In a landmark find, scientists have uncovered a large white coral reef deep in the Gulf of Naples, marking a significant ecological discovery in the Mediterranean. Described as the "rainforests of the sea," these reefs are vital for marine biodiversity yet face persistent threats.
(With inputs from agencies.)
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