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Astra is the space industry’s first SPAC bust of 2024
Astra Space, the launch company that went public in 2021 at a $ 2.1 billion valuation, is going private again after months of burning cash and failing to secure alternate investment. The company announced Thursday that its board had accepted an offer from its CEO, Chris Kemp, and its CTO, Adam London, to purchase the […]
What is dead cap money in the NFL? Explaining the meaning behind contracts vs. salary cap space
Russell Wilson’s time with the Broncos is coming to an end. Wilson was informed by Denver he will be released as soon as the new league year begins, wrapping up a disappointing two-year stint with the Broncos after he arrived with plenty of hype. The Broncos traded a lot to acquire someone they believed would […]
Varda Space, Rocket Lab nail first-of-its-kind spacecraft landing in Utah
A spacecraft containing pharmaceutical drugs that were grown on orbit has finally returned to Earth today after more than eight months in space. Varda Space Industries’ in-space manufacturing capsule, called Winnebago-1, landed in the Utah desert at around 4:40 p.m. EST. Inside the capsule are crystals of the drug ritonavir, which is used to treat […]
NFL salary cap, explained: Every team's space available to sign free agents in 2024 offseason
As soon as Mecole Hardman caught the Super Bowl-winning touchdown pass from Patrick Mahomes, the rest of the NFL turned its attention to next season. Hope starts anew in the offseason, as all 32 teams try to either upgrade their roster or position themselves for future success. That is easier for some teams than others. […]