SpaceX’s mechanical arms prepare to catch the returning Super Heavy rocket booster as it makes a vertical descent following the launch of the unmanned Starship, at SpaceX’s Starbase facility in Boca Chica, Texas, on Sunday, October 13, 2024. AFP
SpaceX’s mechanical arms prepare to catch the returning Super Heavy rocket booster as it makes a vertical descent following the launch of the unmanned Starship, at SpaceX’s Starbase facility in Boca Chica, Texas, on Sunday, October 13, 2024. AFP
SpaceX’s mechanical arms prepare to catch the returning Super Heavy rocket booster as it makes a vertical descent following the launch of the unmanned Starship, at SpaceX’s Starbase facility in Boca Chica, Texas, on Sunday, October 13, 2024. AFP
SpaceX’s mechanical arms prepare to catch the returning Super Heavy rocket booster as it makes a vertical descent following the launch of the unmanned Starship, at SpaceX’s Starbase facility in Boca C

SpaceX catches giant Starship booster in fifth flight test


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SpaceX successfully caught a first-stage booster rocket on Sunday as it returned to the launch pad during a test flight, achieving another novel engineering feat in the company's effort to build a reusable Moon and Mars vehicle.

The Super Heavy booster lifted off from SpaceX's Boca Chica, Texas launch pad, sending the Starship second-stage rocket towards space before separating at an altitude of about 70km to begin its return to land – the most testing part of the flight.

The booster re-lit three of its 33 Raptor engines to slow its rapid descent back to SpaceX's launch site, as it aimed for the launch pad and tower from where it left. The 120 metre-tall tower is fitted with two large metal arms.

SpaceX successfully 'caught' the first-stage booster of its Starship mega-rocket on Sunday as it returned to the launch pad after a test flight. AFP
SpaceX successfully 'caught' the first-stage booster of its Starship mega-rocket on Sunday as it returned to the launch pad after a test flight. AFP

With its engines roaring, 71 metre-tall Super Heavy booster fell into the launch tower's enclosing arms, hooking itself in place with protruding bars under the fins it had used to steer itself through the air.

“The tower has caught the rocket.” SpaceX chief executive Elon Musk wrote on X after the catch. SpaceX engineers watching the company's live stream roared in applause.

The novel catch-landing method marked the latest advance in SpaceX's test-to-failure development campaign for a fully reusable rocket designed to lift more cargo into orbit, ferry humans to the Moon for Nasa and eventually reach Mars – the ultimate destination envisioned by Mr Musk.

Meanwhile Starship, the rocket system's second stage or top half, cruised at more than 27,300 kph, 140km up in space, heading for the Indian Ocean near Western Australia to demonstrate a controlled splashdown about 90 minutes into flight.

As Starship re-entered Earth's atmosphere horizontally, on-board cameras showed a smooth, pinkish-purple hue of superhot plasma blanketing the ship's Earth-facing side and its two steering flaps – intense hypersonic friction in a glowing aura.

Spectators gather for the launch of SpaceX's Starship in Boca Chica, Texas. Reuters
Spectators gather for the launch of SpaceX's Starship in Boca Chica, Texas. Reuters

The ship's hot side is coated with 18,000 heat-shielding tiles that were improved since SpaceX's last test in June, when Starship completed its first full flight to the Indian Ocean but suffered tile damage that made its re-entry difficult.

Starship this time appeared to be more intact on reigniting one of its six Raptor engines to position itself upright for the simulated ocean landing.

The SpaceX live stream showed the rocket touching down in the night waters far off Australia's coast, then toppling on its side, concluding its test mission.

A separate camera view from a vessel near the touchdown site showed the ship exploding into a vast fireball, as SpaceX engineers could be heard on the live stream whooping in celebration. It was unclear whether the explosion was a controlled detonation or the result of a fuel leak.

Mr Musk said the ship landed “precisely on target”.

Starship, first unveiled by Mr Musk in 2017, has exploded several times in various stages of testing on past flights, but successfully completed a full flight in June for the first time.

The US Federal Aviation Administration on Saturday approved SpaceX's launch licence for the fifth test, after weeks of tension between the company and the regulator.

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Updated: October 14, 2024, 6:45 AM