A powerful solar storm caused Elon Musk’s SpaceX to lose up to 40 of its Starlink satellites that were launched recently.
The satellites had to “take cover” from the storm by going into safe mode – shutting down all non-essential functions – allowing them to get dragged closer to Earth’s atmosphere.
But the solar storm caused the atmospheric drag to increase, making it impossible for the satellites to turn off safe mode, and they will now continue to get closer to Earth until they are burnt up upon re-entry.
The storm struck a day after SpaceX launched 49 of the Starlink satellites, which are part of a satellite network that aims to provide internet access in remote areas.
“Unfortunately, the satellites deployed on Thursday were significantly impacted by a geomagnetic storm on Friday,” SpaceX said on its website on Tuesday.
“On board GPS suggests the escalation speed and severity of the storm caused atmospheric drag to increase up to 50 per cent higher than during previous launches.
“Preliminary analysis shows the increased drag at the low altitudes prevented the satellites from leaving safe mode to begin orbit-raising manoeuvres, and up to 40 of the satellites will re-enter or already have re-entered the Earth’s atmosphere.”
Solar storms occur when the Sun is experiencing peak activity, causing it to shoot hot plasma in the form of solar flares and winds.
These huge blasts of X-rays can travel at the speed of light towards Earth, releasing electromagnetic radiation – an event known as a geomagnetic storm – that can damage satellites and cause power cuts.
Space X launch prep – in pictures
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
Lexus LX700h specs
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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
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ICC Women's T20 World Cup Asia Qualifier 2025, Thailand
UAE fixtures
May 9, v Malaysia
May 10, v Qatar
May 13, v Malaysia
May 15, v Qatar
May 18 and 19, semi-finals
May 20, final