By Laura Millan Lombrana
We’ve launched 9,600 satellites since 1957. For the first few decades, no one thought about what would happen once they reached the end of their lives. By the time space agencies decided to do something, it had become a problem.
“A vast majority of objects in orbit are effectively stranded there,” says Stijn Lemmens, a space debris analyst at the European Space Agency. “And they have a lifetime of hundreds, thousands of years.”
Old satellites are dead weight, tumbling pieces of metal orbiting our planet, threatening to explode or crash against active equipment essential to communications, weather forecasting and navigation. …
By Sophie Alexander
Almost 2,000 Robinhood Markets accounts were compromised in a recent hacking spree that siphoned off customer funds, a sign that the attacks were more widespread than was previously known.
A person with knowledge of an internal review, who asked not to be identified because the findings aren’t public, provided the estimated figure.
When Bloomberg first reported on the hacking spree last week, the popular online brokerage disclosed few details. …
By Sohee Kim and Heejin Kim
K-pop agency Big Hit Entertainment Co. soared on its debut trading Thursday, boosting the fortunes of its billionaire founder and seven multimillionaire members of the world’s best-known boy band, BTS.
The management company, which makes almost all of its revenue from the pop sensation, opened at 270,000 won ($236) in Seoul from its initial public offering price of 135,000 won per share, and rose as much as 30%, the upper daily limit. That pushed Big Hit’s market value to 8.7 trillion won, more than the other three major K-pop agencies combined.
Big Hit’s $820 million offering was South Korea’s largest in three years. The firm managed to thrive even as the coronavirus crisis forced it to cancel live concerts, and investors piled into the IPO on BTS’s continued popularity from online performances and hit songs like “Dynamite,” its first English tune. …