Details have been released of the MBR Explorer, a 2,300kg autonomous spacecraft named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will leave for the asteroid belt in 2028. Antonie Robertson / The National
Details have been released of the MBR Explorer, a 2,300kg autonomous spacecraft named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will leave for the asteroid belt in 2028. Antonie Robertson / The National
Details have been released of the MBR Explorer, a 2,300kg autonomous spacecraft named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will leave for the asteroid belt in 2028. Antonie Robertson / The National
Details have been released of the MBR Explorer, a 2,300kg autonomous spacecraft named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will leave for the asteroid belt in 2028.


Humanity needs more resources and space is where to find them


  • English
  • Arabic

May 31, 2023

It has been just 62 years since Yuri Gagarin became the first human to go into space. In historical terms, six decades is barely the blink of an eye – that is why this week’s news about the UAE’s ambitious project to explore our solar system’s asteroid belt is so arresting, given that it points to a long-term vision not only for the country but for humanity.

On Monday, details were released of the MBR Explorer, a 2,300kg autonomous spacecraft named after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The advanced device will be launched in 2028. After arriving in the zone between Mars and Jupiter, five billion kilometres from Earth, it will send a lander to the surface of an asteroid.

Aside from the considerable scientific worth of such a project, it also offers important clues to humanity’s future in our celestial neighbourhood. The project could pave the way for asteroid resource extraction – a vital endeavour considering that the belt reportedly contains an astronomical $700 quintillion worth of minerals, including iron, gold and nickel. Many of the asteroids are also thought to be rich in water, a vital resource in the harsh environment of space. Accessing this potential wealth opens up intriguing possibilities for a technologically developing species currently struggling with a finite amount of resources at home.

Many of the asteroids between Mars and Jupiter are also thought to be rich in water, a vital resource in the harsh environment of space. Image via WM Keck Observatory
Many of the asteroids between Mars and Jupiter are also thought to be rich in water, a vital resource in the harsh environment of space. Image via WM Keck Observatory

The challenges that this plan presents are immense. It will be a steep scientific and engineering learning curve between now and the day when humanity begins to effectively take advantage of off-world resources. Thankfully, this provides a wealth of opportunities for future generations in the Emirates to develop the kind of cutting-edge skills and knowledge that will not only propel projects such as the MBR Explorer mission but will also arm the country with the kind of practical knowledge that will have tangible benefits on Earth.

Indeed, it is not for nothing that Sheikh Mohammed referred to the asteroid plan as a “huge national scientific project”. Generations of Emirati men and women will not only learn and grow while preparing and executing these missions – they will work with international partners to make these dreams become reality. They will also learn from setbacks, such as the Rashid lunar rover that is thought to have crashed into the surface of the Moon last month. The years of planning and work that went into the mission will stand Emirati technicians in good stead as they prepare for the asteroid project.

Other Emirati space achievements – such as Dr Sultan Al Neyadi recently becoming the first Arab to walk in space – are of an inspirational quality. This plays an important part in the country’s space ambitions, but learning how to harness the potential bounty of essential resources to be found in space will help with humanity’s security at a time when our future on this planet looks worryingly uncertain. It is such robust scientific and engineering progress that will offer solutions to humanity’s mounting problems. Gagarin may have spent just 108 minutes in orbit but future generations may find themselves spending much longer in space. Projects like the MBR Explorer will help them on their way.

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The years Ramadan fell in May

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UAE currency: the story behind the money in your pockets
Where can I submit a sample?

Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

Collection centres in Abu Dhabi include:

  • Abu Dhabi National Exhibition Centre (ADNEC)
  • Biogenix Labs in Masdar City
  • Al Towayya in Al Ain
  • NMC Royal Hospital in Khalifa City
  • Bareen International Hospital
  • NMC Specialty Hospital, Al Ain
  • NMC Royal Medical Centre - Abu Dhabi
  • NMC Royal Women’s Hospital.
The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Origin
Dan Brown
Doubleday

Updated: May 31, 2023, 3:00 AM