ASX Tech Stocks: NASA aims for the moon and Future First sells the farm
NASA’s tiny CAPSTONE spacecraft has been launched on its mission to the Moon.
CAPSTONE is short for Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, and its mission is to test the stability of the orbit NASA intends to use for its lunar Gateway orbital outpost – a key step in NASA’s plans to establish and maintain a permanent presence on the moon.
The craft was launched by Rocket Lab in New Zealand and is expected to reach its intended lunar orbit around November 13.
— Rocket Lab (@RocketLab) June 29, 2022
Once CAPSTONE actually reaches the moon, it will insert itself into a near rectilinear halo orbit (NRHO) of the moon.
It’s kind of a big deal because this orbit is so far untested and NASA believes it’s highly stable and could be ideal for a future lunar outpost – a stop-off point for crewed missions to the lunar surface – which will form a vital component of its plans to eventually reach Mars.
The company is selling its farmbuy.com real estate platform for rural property to Australian Community Media (ACM).
FFT signed a binding heads of agreement where ACM will purchase the asset for $800,000.
CEO Adrian Rudman said it’s an important milestone for the company.
“We can now focus solely on accelerating the growth of the Asset Vision Software-as-a-Service business leveraging last year’s EagleSoft acquisition,” he said.
Asset Vision is a platform for managing road networks which can detect road defects using AI-powered intelligent data capture software (EagleSoft) for safer inspections.