logo
Lanternflies are swarming Virginia, threatening its $8B wine industry

Lanternflies are swarming Virginia, threatening its $8B wine industry

Washington Post3 days ago
Look. There's one. Rose-gray backside with black dots, swaggering its way up a wooden post on a cloud-splotched morning in the foothills of Virginia's Blue Ridge Mountains. It's a spotted lanternfly.
Scott Spelbring, director of winemaking and viticulture at Bluemont Winery, flicks the fly off the post, then immediately spots another one wiggling toward a cluster of green grapes, each growing fruit as tiny as an eraser on a No. 2 pencil.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Largest Space Tech IPO of the Year Just Launched, With a $6.3 Billion Valuation. Can the Stock Go to the Moon?
The Largest Space Tech IPO of the Year Just Launched, With a $6.3 Billion Valuation. Can the Stock Go to the Moon?

Yahoo

timean hour ago

  • Yahoo

The Largest Space Tech IPO of the Year Just Launched, With a $6.3 Billion Valuation. Can the Stock Go to the Moon?

Key Points Firefly Aerospace has notched some operational successes with its rockets and lunar lander. The company's partnerships with major industry players could be advantageous. But Firefly's incomplete financial and management picture should give investors pause. 10 stocks we like better than Firefly Aerospace › Firefly Aerospace (NASDAQ: FLY) just pulled off its second-most impressive launch of the year. The most impressive launch came in January, when the company sent its new uncrewed Blue Ghost module to the moon. The mission's success gave Firefly bragging rights as the first U.S. company to execute a fully successful soft lunar landing (that is, landing without causing serious damage to the module). It also generated a huge wave of interest in the company. That interest is clearly still white-hot, because Firefly's Thursday IPO launched the company onto the Nasdaq at a valuation of $6.3 billion. Can it rocket even higher? Or will it fall back to earth? What Firefly actually does Fans of the canceled-way-too-soon space Western Firefly will be sad to learn that the company's name isn't actually related to the TV series. Instead, it's a name Firefly founder Tom Markusic -- a former SpaceX and Virgin Galactic (NYSE: SPCE) engineer -- selected to embody a hypothetical future in which rocket launches are as common in the night sky as fireflies. Indeed, Firefly Aerospace has gone all-in on making launches more frequent and more accessible. It developed the Alpha rocket, a smaller, lighter rocket manufactured from carbon fiber composites that launched a satellite into orbit with just 24 hours' notice in 2023. While the Alpha is certainly lighter (and thus, less expensive to launch) than most other commercial rockets, the roughly one-ton payload capacity is somewhat restrictive: Firefly's Blue Ghost lunar lander, for example, was too heavy for the Alpha rocket and had to be launched using a SpaceX Falcon 9. Firefly is also working on the Elytra orbital vehicle and lunar imaging service Ocula. The company has nine planned non-test missions through 2029: five for NASA, one for the U.S. Space Force, and three for commercial clients, for a total current project backlog of $1.1 billion. Why its stock might take off... With more companies (and people) heading to space, demand for cheaper spaceflight is likely to skyrocket (no pun intended). As a company offering a more affordable rocket that has already had successful launches, Firefly is well ahead of many would-be competitors. Additionally, Firefly is receiving investment and support from industry heavyweights including Lockheed Martin (NYSE: LMT) and L3Harris (NYSE: LHX). In May, Firefly received a $50 million investment from Northrop Grumman (NYSE: NOC). Being in the good graces of such major aerospace players is a big advantage for the start-up, both financially and reputationally. Today's commercial space industry is a fairly crowded place, with companies big and small jockeying for limited funds and contracts. However, early success tends to encourage investment, which fuels future success. Firefly seems to have all the right ingredients, including an active contract pipeline, major industry partnerships, and a few successful early missions. If it can keep it up, it could be the next maybe an even bigger success story. ...and why it might not For an 11-year-old company, Firefly has had a checkered past, which includes IP issues, a 2017 bankruptcy, government intervention over national security concerns, and an abrupt July 2024 CEO departure (current CEO Jason Kim took the helm in October 2024). Meanwhile, private equity firm AE Industrial Partners controls the company with a 40.9% stake; the firm's employees currently hold five of Firefly's nine board seats. As the IPO prospectus notes, "AE Industrial Partners controls us, and its interests may conflict with ours or yours in the future." That's...a lot, and we haven't even gotten to the company's financials. Because it's an IPO, we don't even have a full quarterly financial report from Firefly yet. But its IPO prospectus shows a net loss of about $125 million in the first half of 2025, along with negative free cash flow of about $97.5 million, with just $205.3 million in cash on its balance sheet and $173.6 million in debt. Not a pretty picture. Now, it's not unusual for new start-ups to have high net losses and negative free cash flow, but given the lack of context and details, it's worth asking: Does this business deserve a $6.3 billion valuation? How about $8.4 billion, which the company briefly hit on its first day of public trading Thursday? To me, that seems pretty expensive for an unproven business with opaque financials in a competitive, high-risk industry that's controlled by a venture capital firm and led by a brand new CEO. Before I'd buy shares, I'd want to at least see a few quarterly reports to get a clearer picture of how the company operates. It would still be a risky bet, but right now it feels too risky to buy. Should you buy stock in Firefly Aerospace right now? Before you buy stock in Firefly Aerospace, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Firefly Aerospace wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 John Bromels has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy. The Largest Space Tech IPO of the Year Just Launched, With a $6.3 Billion Valuation. Can the Stock Go to the Moon? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

California's wildfire moonshot: How new technology will defeat advancing flames
California's wildfire moonshot: How new technology will defeat advancing flames

Yahoo

timean hour ago

  • Yahoo

California's wildfire moonshot: How new technology will defeat advancing flames

A bolt of lightning strikes deep inside a California forest in the middle of the night. The spark becomes a flame, and within seconds, a satellite dish swirling overhead picks up on the anomaly and triggers an alarm. An autonomous helicopter takes flight and zooms toward the fire, using sensors to locate the blaze and artificial intelligence to generate a plan of attack. It measures the wind speed and fire movement, communicating constantly with the unmanned helicopter behind it, and the one behind that. Once over the site, it drops a load of water and soon the flames are smoldering. Without deploying a single human, the fire never grows larger than 10 square feet. This is the future of firefighting. On a recent morning in San Bernardino, state and local fire experts gathered for a demonstration of the early iterations of this new reality. An autonomous Sikorski Black Hawk helicopter, powered by technology from Lockheed Martin and a California-based software company called Rain, is on display on the tarmac of a logistics airport in Victorville — the word "EXPERIMENTAL" painted on its military green-black door. It's one of many new tools on the front lines of firefighting technology, which experts say is evolving rapidly as private industry and government agencies come face-to-face with a worsening global climate crisis. For many attendees, the trauma of January's firestorm in the Altadena and Pacific Palisades neighborhoods of Los Angeles remains top of mind. Read more: Wildfire weather is increasing in California and much of the U.S., report finds "The dream is the evolution of this," said Maxwell Brodie, Rain's chief executive. "The dream is to be able to live in your neighborhood knowing that there is protection from catastrophic high-intensity fire, and to feel safe. And I think that if we look hard at what is likely coming over the decades ahead, there's no time to waste." Indeed, the outlook for wildfire activity in the years and decades to come is concerning. Scientific studies and climate research models have found that the number of extreme fires could increase by as much as 30% globally by 2050. By 2100, California alone could see a 50% increase in wildfire frequency and a 77% increase in average annual acres burned, according to the state's most recent climate report. That's largely because human-caused climate change is driving up temperatures and drying out the landscape, priming it to burn, according to Kate Dargan Marquis, a senior advisor with the Gordon and Betty Moore Foundation who served as California's state fire marshal from 2007 to 2010. "It's not really a controversial issue: Fires are going to increase in size, intensity and frequency across the western United States — probably globally in large measure — and it's because the atmosphere is getting hotter and drier," Dargan Marquis said. "That means the problem statement of wildfire is growing in front of us. The systems that we have built today, the communities that we have built today, the policies of today and the technologies of today are not going to serve us tomorrow. So we have to ramp up on all of those." It wasn't all that long ago that firefighters were using paper maps and bag phones to navigate and respond to wildfires. Today, more than 1,100 mountaintop cameras positioned across California are already using artificial intelligence to scan the landscape for the first sign of flames and prompt crews to spring into action. NASA's Earth-observing satellites are studying landscape conditions to help better predict fires before they ignite, while a new global satellite constellation recently launched by Google is helping to detect fires faster than ever before. Much of the innovation is coming from Southern California, according to Dan Munsey, chief of the San Bernardino County Fire Protection District who also chairs the technology committee of the International Fire Chiefs Assn. Read more: As California fires worsen, can AI come to the rescue? The goal, Munsey said, is to advance technology so that 95% of the state's fires can be limited to 10 square feet or less. It's something he likened to the moonshot — President Kennedy's goal of landing on the moon by the end of the 1960s. "We need to be bold with our vision in order to get to that new state," Munsey said. "People look at it and say you're crazy, but you need a little bit of craziness because we're going to keep on burning down the Palisades and Altadena. We need to change the way we're doing business." Such changes must include a top-down reconsideration of infrastructure, budgets and training, he said, which should occur in conjunction with the launch of satellite dishes, autonomous helicopters and drones, AI-powered cameras and other new tools. "The only effective way to keep our communities safe is to embrace technology and innovation," Munsey said. As advanced as they may seem, the current tools are only scratching the surface of what's possible, according to Kirk McKinzie, a 35-year fire service veteran who studies and consults on fire service technologies. Think augmented reality helmets that will allow firefighters to create a 3-D image of a burning building in real time — including mapping exits, locating people in need of assistance and alerting crews ahead of a smoke explosion or structure collapse with time to spare. Smart fire trucks outfitted with sensors, cameras and radars will allow teams to get to blazes faster, and smart nozzles will monitor the flow of their hoses and alert in advance of water supply issues. Firefighters, too, will don uniforms with intelligent fabrics that will allow commanders to monitor their heart rates and other physiology metrics to spot a crew member in distress. Such tools won't come cheap. Cost estimates for future technology are speculative and difficult to come by — its hard to say, for example, what a smart fire truck will cost in 2050 — but AI-powered rigs and autonomous helicopters will probably run fire departments millions of dollars. But the real savings will come from prevented fires, McKinzie said. The estimated damage from L.A.'s firestorm alone is more than $250 billion. Read more: Can satellites combat wildfires? Inside the booming 'space race' to fight the flames Although these tools and solutions are not yet pervasive in the industry, there is growing acceptance that they must be considered, McKinzie and others say. "The question is, how do we get there, with due digital safeguards, yet swiftly?" He painted a picture of Los Angeles as a smart city — in which electric fire and EMT aircraft zip across the sky, utility grids detect ignition sources instantly, and houses can even douse themselves in fire retardant or gel ahead of advancing flames. Robots, too, will be used to fight fire in high-risk situations — as was already done in 2019 when a firefighting robot named Colossus, developed by the firm Shark Robotics, battled flames searing through Notre-Dame Cathedral in Paris. Indeed, much of this technology is already in development or in existence from companies such as Verizon and AT&T and technology firms such as Pivotal, ERIS, Magic Leap, Qwake and FLAIM, which are pioneering personal response aircraft, augmented reality software, heads-up displays and thermal imaging devices, among other smart tools for firefighters. One project in development from the Department of Homeland Security and NASA's Jet Propulsion Laboratory is known as AUDREY, or the Assistant for Understanding Data through Reasoning, Extraction and Synthesis, which will use AI to track fire crews as they move through an environment using head-mounted displays or mobile devices, collecting data to guide them through flames and monitor for danger. "I'd like to think that the industry can take a step forward with technology," McKinzie said. "Whether that is an expanded early response, whether it's an early notification to citizens to preserve property and life, or an intelligent grid to inform infrastructure entities responsible for water supplies of a pending shortage, it is a multi-factor equation." In fact, finding water is also an issue that experts hope to soon resolve. During the Palisades fire, crews reported that scores of fire hydrants ran dry or suffered from low pressure, while a reservoir in the area sat empty as the fire burned. Read more: New fire maps increase hazard zones in L.A. and Southern California by 3.5 million acres One group tackling this problem is Wildfire Water Solutions, a startup that brings water directly to the scene of a fire through a system of mobile pumps, pipes and tanks, saving crews valuable time that is often spent transporting water tenders and securing their own supplies. The system can deliver a continuous flow of more than 150,000 gallons of water per hour up to 50 miles away from its source, according to Chief Executive Mike Echols. It can even desalinate water quickly, which means ocean water could potentially be used to fight a blaze like the Palisades fire in the future. Such a system could have made a "huge difference" in January, Echols said. "I'm not going to say anything can prevent an act of nature like that, but just think about having a continuous water supply network to disperse wherever it's needed." Another forward-looking firm, Frontline Wildfire Defense, has created a sprinkler system that uses fire-tracking technology to detect blazes near a home. Once triggered, the system saturates the house and property with water and firefighting foam, "creating an environment that is too wet to burn," according to the company. It's not only private industry that is building L.A.'s firefighting future. Government officials also understand the growing urgency of the situation. Proposed federal legislation known as the "Fix Our Forests Act," which is currently working its way through Congress, calls for the development of a suite of a high-tech products among its plans for managing forests and reducing wildfire threats, including AI and augmented reality tools, infrared-equipped low-Earth orbit satellites, and quantum computing applications. The bill has passed the House and is pending in the Senate. Meanwhile, a state assembly bill, AB 270, would direct the California Department of Forestry and Fire Protection to establish a pilot program to assess the viability of incorporating autonomous firefighting helicopters in the state. The agency in 2023 opened its own Office of Wildfire Technology Research and Development, which is dedicated to investigating new tools for emergency response, including ways to enhance firefighters' situational awareness and to use AI to power drones, data collection and post-fire analyses. "At the end of the day, we either keep pace with technology, or technology advances past us," said Cal Fire Chief Joe Tyler. But while technology continues to advance, some say there must also be an evolution of the ways in which Californians think about fire. Read more: Fires For years, the majority of the state's residents and firefighting agencies have operated under an ethos that all fire is bad — ignoring Indigenous burning practices and the fact that fire has been a natural part of California's landscape since long before humans ever arrived. By keeping fire out of the state's wildlands altogether, California has grown thick with branches, brush and understory that are now acting as fuel for the state's ever-larger blazes. "We have some challenges in front of us recognizing that there is a need for fire in many landscapes," said Dargan Marquis, the former state fire marshal, who also spent 30 years as a firefighter and chief. In addition to advancing new firefighting technology, "how do we also, at the same time, hold in our heads and in our strategies and in our goals that fire is beneficial?" Though much of present progress is by necessity focused on extinguishing flames, she hopes that in the years ahead, experts and technology will also find ways to incorporate as much "good fire" as possible. "We can see a pathway to moving our technology, our fire service, our social acceptance and our entire wildfire perspective through an understanding — an arc of change — where fires become manageable events and then eventually, in 50 years, we can see them as valuable opportunities," she said. There are other kinks to work out as well. In San Bernardino, officials had to cancel their scheduled demonstration of Rain's autonomous Black Hawk helicopter due to 80 mph wind that day. Brodie, Rain's chief executive, was disappointed but not deterred. Wind is a huge factor in many fires — including the Palisades and Eaton fires — and sending autonomous aircraft in when it's too dangerous for humans to fly is among his goals. "The thing that keeps me up at night, and gets me up in the morning, is moving faster in advancing these technologies that we have — that are already here — so that we can start moving faster towards this future," Brodie said. He noted that the combination of satellite constellations, smart grid data, early detection cameras and pre-positioned autonomous resources "just make sense, and the economics pencil out." "This is the special moment we are in now," he said. "There's no reason why we can't do this." This story originally appeared in Los Angeles Times.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store