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Elon Musk Wants To Create a Supersonic Electric Jet

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On land, Tesla is one of the luxury electric cars and trucks out there. In space, SpaceX leads in launching rockets, humans, and cargo into space. Now, Elon Musk wants to take it to the skies. Learn more about the billionaire’s plans in another transportation-related industry.

‘Dying’ to Make a Supersonic Electric VTOL Jet

Entrepreneur and speaker Peter H. Diamantis tweeted on Oct. 8, 2021, curious about Elon Musk’s next venture. He suggests that Musk takeover the aviation industry. 

In turn, Musk responds with a tweet wanting to build a “supersonic, electric VTOL jet.” Although that’s his wish, Musk added a brain and dynamite emoji, suggesting that his brain or head will explode from the work he’s currently doing.

However, not everyone was on the same boat as Diamantis after asking what else Musk could do in the future. Desalination was a popular answer among tweeters. Meanwhile, some have also suggested doing programs for the poor and advancing medical technologies.

It wasn’t the first time that the billionaire had spoken of developing a jet. He shared on a podcast with Joe Rogan that he already has a plane design ready. It will have a vertical takeoff and landing. He plans on using a battery pack and the gravitational potential energy, among others, to help him achieve supersonic speed on a jet. Even then, he did mention that he was too busy to create this technology.

His Current Ventures

The well-known tech billionaire has a lot on his plate. Aside from being the CEO of SpaceX and Tesla, he also heads Neuralink and The Boring Company.

Let’s get up to speed with recent updates from his companies.

One of SpaceX’s current successes is its Dragon capsule, launching four non-astronauts (Inspiration4) into space while they orbit and enjoy views of the planet we call home. 

Tesla has also made a move from California to Austin, Texas, where its new gigafactory has been built and their HQ relocation. Plus, its much anticipated Cybertruck will be deployed to customers in 2022.

The Future

The future holds many possibilities for Elon Musk and his ideas or what he envisions to come to life.

Tesla

When it comes to Tesla, Elon Musk has different ideas. First, he plans on building a much cheaper Tesla, priced at $25,000. This won’t be the first more affordable model. In 2019, it was announced that the Model S would be priced at $35,000.

Another thing in the pipeline is a gigafactory in Germany as well. But it’s not only in Germany that there are planned gigafactory constructions. They’re also eyeing Asia as another continent. That said, India may be seeing Teslas driving around the streets too.

SpaceX

The mission to Mars is still on the list for SpaceX. Although they’re not the first to go to Mars, a SpaceX project will have a monumental impact on the aerospace company. They plan to have Starship be the official SpaceX project to land on Mars. But it won’t make its first trip to Mars. 

In 2023, a Japanese businessman, Yusaku Maezawa, plans on having a private flight to the moon using the SpaceX Starship.

The Boring Company

The Hyperloop is promising in transportation. As mentioned on The Boring Company website, it has been in development for over a decade. While they did the prototyping in 2016, the company remains hopeful that future Hyperloops could come to fruition.

The idea is it will cut travel time from Washington DC to NY. Instead of taking a four-hour drive back and forth, the Hyperloop CAN make you travel to the two places within 30 minutes. Guess you can’t use an excuse for being late anymore if this happens.

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Business

The Shift Towards Banking-As-A-Service

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The changing times and the pandemic have created a significant shift in how we bank. In addition, our expectations from banks have also differed through the years. The digitalization of the financial services industry has furthered the plan to get free access to banking data. This is in connection with the Open Banking initiative and the dramatic rise of fintech companies and neo-banks.

The market space that the traditional banks once dominated has now given new players the opportunities to compete alongside them. Indeed, the commoditization of bank services has inevitably begun.

A void to connect banks and these new players has been filled in the form of banking-as-as-service (or BaaS for short) providers. It’s only logical that a service such as this emerges. It’s the order next in line to streamline the customer experience and provide products that are built to engage the modern world. 

What exactly is banking-as-as-service?

The easiest way to explain what banking-as-as-service is is through a few examples, these are:

  • Bank accounts
  • Lending systems
  • Credit card payments

The digital world is changing the relationships of brands and businesses with their customers. It is rapidly shifting and improving that even non-bank companies have already integrated financial services to their customers. Established companies such as Walmart, Apple, Uber, or Amazon have already been doing this to add value to their products and services.

Why businesses should take the banking-as-as-service opportunity

To those in the know, banking technology is a complex matter. Developing it from the ground up can be laborious and expensive. Add to that the challenge of getting a bank license which turns off those trying to get in that niche. What banking-as-as-service does is to connect businesses with banks that take care of the requirements and provide the technology they need to provide financial services through a slew of digital channels.

This process will make banking services more engaging and less transactional. Businesses can now integrate services throughout the buying journey without redirecting them to a different platform. This means customers will no longer do the rigamarole of going from one channel to another. They will get what they need when and where they need it.

And statistics show that it is working. Buy Now, Pay Later (BNPL) services are steadily climbing at a rate of 39% per year for approximately 10 million Britons making their online purchases. 

What now for traditional banks?

Since traditional banks have little appetite for risks, they weren’t built to handle the demands for embedded finance. BaaS companies make it faster and easier for fintechs and other companies to increase their offerings by embedding digital banking services directly into the purchase. Instead of seeing this as competition, traditional banks should collaborate with BaaS to benefit from this embedding.

What can Banking-as-a-service do?

With the help of banking-as-a-service, new players in the finance industry will have the capability of targeting niche communities and coming up with slimmer product sets. Also, the solutions that BaaS offers can give valuable insights to businesses on how they can improve their products or services. They will have the much-needed data to learn about industry trends, saving and spending behaviors, and general engagement with their offerings.

All these means that businesses can have more information on how they can improve the overall customer experience. This also means companies can deliver products and services that are more targeted towards the right customers. The possibilities that banking-as-a-service offers are endless in terms of innovation in the banking and financial services market.

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Business

Playrcart Gives You What You Want – Immediately

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We’ve all watched ads and immediately thought, “I want that. Right now.” Some of us wish we could jump right into the TV and into that sexy Ford F-Series quicker than we can have a second thought. But how many of us have gone to make a purchase only to be discouraged by the needlessly complicated payment process? “Too many,” says UK-based startup Playrcart

We believe this is the future of advertising.” 

Founder Glen Dormieux, along with CTO, Richard Mason, created Playrcart born of that very frustration.

What we’re seeing right now is fairly traditional – they’re doing the same thing time and time again.

Currently, when viewing an ad, you have to go through several pages in order to complete a purchase. How many sales are lost in that time-consuming process? “Too many!” say business owners in a Mr. Krabs-esque demeanor. 

How Does Playrcart Work?

Playrcart has designed its platform to convert digital assets into instant transactions within the ad itself. How is that possible? Technology, stupid. 

You can actually make the transaction go directly within the asset itself. So you engage with the ads, you interact with the purchase within the ad without ever leaving that same piece of content.

It effectively dilutes numerous clicks that you normally have to navigate through. The average of reduction clicks is about 75 percent.

With Playrcart, you can watch the trailer for a new Spider-man movie and buy tickets before it’s even completed. You can schedule a test drive in the Ford F-Series as you’re watching a professional drive it on a closed course. 

Consumers will now have the option to purchase something when their emotional response to an ad is at its peak. You can see an ad for a major event and as you’re riding that emotional wave you click and purchase tickets. As the ad concludes, you can emotionally conclude with it – satisfied. 

You can see Playrcart’s technology in action here

Playrcart is capitalizing on our instant gratification society, and they’re doing it with modesty and innovative advances in technology. 

We want to hit them instantly while you’ve got their attention.

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Technology

Slingshot Aerospace Launches Communication Tool After Acquiring Stellatus Solutions

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On Aug 18, 2021, Slingshot Aerospace acquired Stellatus Solutions. Initially, Stellatus was a project by the Department of Defense (DOD) Hacking for Defense Program. When they learned the problems faced by satellite operators were true, Holly Highfill and Kishen Ragunath eventually founded Stellatus. But months after its establishment as a company, the acquisition helped Slingshot Aerospace build their new tool: The Slingshot Beacon.

Let’s learn more about the acquisition and what it means for Slingshot Aerospace and the space industry.

The Stellatus Solutions- Slingshot Aerospace Acquisition: A Background

Before Stellatus Solution became part of Slingshot Solutions, Stellatus was a project by University of Chicago students to make communication easier between operators. This project aims to minimize the number of collisions among the 400 satellites in orbit. The number will be 200x more by 2030, with an expected number of 115,000 satellites in space.

At first, the students believed it was a theoretical project. But when they learned that satellite operators had communication issues, this motivated them to create the startup. It didn’t take them a year to get acquired by Slingshot. After all, their tech would be critical for one of their Slingshot Aerospace’s products, the Slingshot Beacon, announced by the startup in Aug 2021 as well.

The launch of the Slingshot Beacon was possible with the data and intellectual property Slingshot obtained from Stellatus. Holly Highfill and Kishen Raghunath, co-founders of Stellatus, are onboard Slingshot Aerospace. Highfill will have the position of Director of Customer Engagement and Strategy, while Raghunath will be Director of Finance and Strategy.

What is Slingshot Aerospace?

Founders Melanie Stricklan and Thomas Ashman know that space-related ventures have boomed over the past few years. Plus, they’re also Air Force vets, so they have more intelligence on the matter, especially satellites.

Not only that, there are communication issues in space. And it’s a problem. For one, it can be difficult to obtain data due to conflict. Plus, satellite operators may face challenges in analyzing data. Moreover, with high competition, the operators can’t get real-time and comprehensive information due to the number of satellites above. And it’s crucial they have relevant and complete information to determine the location of a satellite. Hence, satellites won’t crash.

To solve this problem, they collaborated with David Godwin. He’s a satellite architect, and with his knowledge of satellites, the trio can respond to the current communication problems faced by operators.

What does the acquisition mean for them?

The Slingshot Beacon, the product released in Aug 2021, is their new communications platform. The cutting-edge tech will help detect collisions and provide centralized communication and coordination. Plus, operators will know about maneuvers and other satellite-related functions.

Slingshot Aerospace has also collaborated with Numerica Corporation to help them with data and analytics.

The company got inspiration from the guard channels, which is a frequency monitoring only maydays and calls for help. With this in mind, they can aid organizations in monitoring their space objects and orbits. In addition, it has a few functions:

  • Operator contact info
  • Environmental anomalies reports
  • Alerts for planned maneuvers
  • Ephemeris sharing
  • Conjunction data messages

OneWeb, Orbit Fab, Spire Global Inc., and other companies will have the privilege to try their tool first. With the Slingshot Beacon, operators can communicate in one platform, which will allow them to access data easily. Based on the press release published by the startup, it ensures safety and transparency. Not only that, but it will prevent possible collisions.

Moreover, their tool ensures that data is digestible, accelerating decision-making and helping the public and governments build confidence.

Orbit Fab, in particular, has expressed its excitement over the use of Slingshot Beacon. They’re the Gas Stations in Space, and the tool will help streamline communication for them.

Features of the Slingshot Beacon launched Q3 2021:

  • File sharing
  • Live and historic data processing
  • Collaboration (internal and external)
  • Workflows with automation tools for risk screening
  • Third-party plugins and integration
  • Data capture and upload and download of customer ephemeris
  • Easy onboard
  • End to end security
  • Built-in compliance
  • AWS cloud services

For more news, read more stories here at Owner’s Mag!

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