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Interlune, a startup founded by former Blue Origin leaders, has raised funding to mine the helium-3 isotope on the Moon. Projected annual revenue is over $500 million

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Interlune, a startup created by former Blue Origin executives, has announced plans to mine rare helium-3 on the Moon. Helium-3 is a stable isotope of helium and its use can contribute to the development of quantum computing and fusion energy.

The company closed its latest funding round of $15.5 million following a previous seed round of $2.69 million. However, the exact reason for the increase in capital remained unknown until recently.

Interlune, a startup founded by former Blue Origin leaders, has raised funding to mine the helium-3 isotope on the Moon.  Projected annual revenue is over $500 million

Source: Interlune

Interlune’s secret presentations in spring 2022 and fall 2023 revealed that the company was seeking funding to develop and test equipment to extract helium-3 from lunar regolith. The latest presentation contained information about a “revolutionary method for extracting” helium-3, but details about the method remained secret. The images on the slides showed the development of sedan-sized extractors with the goal of creating efficient physical installations. However, no information was provided on methods for storing and transporting helium-3 to Earth.

Interlune predicts demand for helium-3 will surge in the coming years, especially in the fields of quantum computing, medical imaging, space fuel and nuclear fusion. By 2040, annual demand for helium-3 could reach 4,000 kilograms, up from the current 5 kilograms.

Mining helium-3 on the Moon is not a new concept. Data regarding the presence of this isotope were collected during the Apollo missions. However, developing extraction technology for commercial use has been difficult. The use of helium-3 in fusion reactors promises to be attractive because its use does not create radioactive waste. However, the commercial use of thermonuclear fusion as an energy source on Earth is a distant prospect, and there are still many stages to apply this technology in space.

Interlune, a startup founded by former Blue Origin leaders, has raised funding to mine the helium-3 isotope on the Moon.  Projected annual revenue is over $500 million

Source: Interlune

In its plans to mine helium-3, Interlune faces competition from other countries, including China, which has already announced its success in mining helium-3 on the Moon in 2022 as part of the robotic mission Chang’e-5. Given China’s interest in this resource and its national security implications, Interlune can count on support from government agencies and investors.

The Interlune team is led by industry veterans, including former Blue Origin CEO Rob Meyerson, former Blue Origin Chief Architect Gary Lai and Chief Operating Officer Indra Hornsby, with experience at Rocket Lab, BlackSky and Spaceflight Industries. Interlune plans to demonstrate its technology on the Moon as early as 2026 and launch a pilot helium-3 production facility in 2028. If the plans work as expected, the company can expect significant earnings starting early in the next decade. The company told investors it could generate $500 million in annual recurring revenue, with that number only set to rise.

However, despite the prospects, the implementation of the Interlune plan will require serious financial costs. The company will need to pay for the launch, find a partner to deliver the extracted resources and create all the necessary equipment for large-scale production. At the same time, the exact cost of helium-3 production remains unclear. However, if Interlune is able to carry out its plan, it will become a separate category of mining: there are other startups engaged in mining resources in space, but they are either focused solely on the use of lunar resources for orbital applications, like Argo Space Corporation, or are focused only on extracting useful fossils like AstroForge.

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Car News

Hyundai Creta N Line 2024 sports car declassified

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Hyundai Creta N Line 2024 sports car declassified

The sportiest version of the recently updated Hyundai Creta crossover has been declassified in India: orders for the Hyundai Creta N Line 2024 in the local market are already being accepted, but the official premiere will take place on March 11.

Hyundai Creta N Line 2024 sports car declassified

Judging by the photo, the crossover received more aggressive bumpers, a different radiator grille, and red accents on the body and interior design. Wheels will be 18 inches. According to Autocar India, the car will be offered in two trim levels: base and top-end. Accordingly, the first will have a manual gearbox, the second will have a robotic one. But there is only one engine – the most powerful: a 1.5-liter gasoline turbo engine with 160 hp.

Hyundai Creta N Line 2024 sports car declassified

Hyundai Creta N Line 2024 sports car declassified

Prices will be announced on the day of the premiere, but it is already clear that the Creta N Line will be the most expensive in the lineup.

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How much does it cost to repair Xiaomi 14 Ultra? The official price list for spare parts has been published

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How much does it cost to repair Xiaomi 14 Ultra

Xiaomi 14 Ultra has just gone on sale in China, but Xiaomi has already published the official price list for spare parts so that users understand how much it will cost to repair the device out of warranty.

How much does it cost to repair Xiaomi 14 Ultra?  The official price list for spare parts has been published

Despite the fact that Xiaomi 14 Ultra is currently the pinnacle of the Chinese company’s smartphone manufacturing, repair prices are approximately at the level of other flagships. Replacing the motherboard will cost the most – from 380 to 420 dollars, depending on the amount of memory soldered on it. Out-of-warranty replacement of the screen will cost $190, battery – $25, back cover – $40. Replacing the front camera is $10, speaker replacement is $5.

As for the camera, this is interesting. Replacing the main module with an inch Sony LYT-900 image sensor will cost $140! Replacement of a module with an ultra-wide-angle lens is $70, replacement of a module with a telephoto lens is only $25. And this is quite strange, since these modules use the same Sony IMX858 sensors, and the module with a telephoto lens is more complex due to the presence of an OIS system.

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Components

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner – for $515. Tianbao GEM12 introduced

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A mini PC weighing only 660 grams with an 8 core

An atypical mini-computer went on sale on the Chinese marketplace JD.com. The creators of the device, called Tianbao GEM12, integrated a small screen and even a fingerprint scanner into the body, which can work as part of the Windows Hello biometric identification function.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

The hardware basis of Tianbao GEM12 is an 8-core 16-thread Ryzen 7 7840HS processor with a Radeon 780M graphics core. The device is sold as a DIY kit for $350 or as a pre-configured system: 16GB/512GB for $430 and 32GB/1TB for $515.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

The mini-PC cooling system has two heat pipes and one fan. The screen is used to display the time, album covers when playing music, and processor load. There is an integrated 2.5 Gbps wired Ethernet adapter with two RJ-45 ports and a module that implements Wi-Fi 6 and Bluetooth 5.2 communications.

A mini PC weighing only 660 grams with an 8-core Ryzen 7 7840HS, 32 GB of RAM, a built-in screen and a fingerprint scanner - for $515.  Tianbao GEM12 introduced

Dimensions of the computer: 130 x 130 x 60 mm, weight: 660 grams.

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