Fly me to the moon, let me play among the stars.
India became the first country to successfully land a spacecraft on the moon’s south pole. The Chandrayaan-3 mission had a reported budget of just $75 million, less than what Warner Bros. spent to make the film Gravity.
Just days prior, Russia failed to accomplish a similar feat as its unmanned spacecraft “ceased to exist.” So why the sudden interest in the south pole of the moon?
Scientists believe the region could be home to ice deposits which could be melted into water and used to help make rocket fuel. This would provide the ability to establish the moon as a launching pad for more advanced and longer-term missions to space at considerably reduced costs.
More than half a dozen countries have plans for lunar missions in the coming years, and NASA is working toward its Artemis III mission to put astronauts back on the moon as soon as 2025.
WeWork? More Like WeDone
Workin’ 9 to 5, just not in an office.
Office-leasing behemoth WeWork said it had substantial doubt about its ability to continue as a going concern in a recent SEC filing.
The company, which rents close to 20 million square feet of space, more than any other US business, lost nearly $400M last quarter as the return-to-office movement has remained slow.
While companies like Amazon, Meta, and Goldman Sachs have pushed for employees to get back in the office, approximately 70% of US employers offer a hybrid/flexible schedule.
One report found that a third of office desks sit empty all week, while another third are used only half of the time.
After seeing its stock price plunge 99% since its debut in 2021, WeWork announced a 1-40 reverse stock split in an attempt to avoid being delisted from the New York Stock Exchange.
Market Health Indicator
The Market Health Indicator (MHI) measures market health on a scale of 0 - 100, analyzing various market segments such as economics, technicals, and volatility. Higher scores indicate healthier market conditions.
Fun Facts
- The first college football game was played between Rutgers and the College of New
Jersey (now Princeton) in 1869. Rutgers won 6-4.
- While Labor Day marks the unofficial end of summer, fall officially begins on September 23 this year. Bring on the pumpkin spice...
- Yoda and Miss Piggy were voiced by the same person - puppeteer Frank Oz.
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