Space Evolution: Merging Markets and the Final Frontier

The pursuit of space exploration and utilization has seen major advancements with several countries and companies making notable strides in the sector. Japan has successfully retrieved rare earth mud from seabed depths of 6 km in an effort to reduce dependency on Chinese mineral supplies, marking a significant achievement in its resource exploration endeavors.

Innovative moves continue with Singapore launching its own space agency. Set to capitalize on the booming global space economy, Singapore leverages its strengths in advanced manufacturing and technology to capture new opportunities, the Ministry of Trade and Industry announced.

In related developments, NASA's Artemis II mission experienced delays due to a liquid hydrogen leak, previously planned for an earlier launch. Meanwhile, Elon Musk's SpaceX announces a merger with xAI, valuing the combined entity at $1.25 trillion and heightening interest and investment in space-based AI infrastructure.