Latest news with #AstraSpace
Yahoo
25-04-2025
- Science
- Yahoo
Secretive ‘Dark Eagle' hypersonic missile launches from Cape Canaveral
After a successful test from Cape Canaveral Space Force Station last December, the Army on Thursday officially named its long-range hypersonic weapon 'Dark Eagle.' The system designed to 'disintegrate adversary capabilities' was at it again Friday morning. Images posted to social media showed the missile launch from Canaveral's Space Launch Complex 46 while the Eastern Range had posted keep-out notices and warnings for maritime and airspace. 'A combined team of government, academic and industry partners conducted a test on behalf of the Department of Defense from a test site at Cape Canaveral Space Force Station,' according to a statement from the Office of the Secretary of Defense. 'We are currently evaluating the results of the test.' The action on the Space Coast comes a day after the Army officially dubbed the defense system with its new moniker. 'Part of the name pays tribute to the eagle — a master hunter known for its speed, stealth and agility — due to the LRHW's combination of velocity, accuracy, maneuverability, survivability and versatility,' reads a press release from the DOD. 'In addition, the bald eagle — our national bird — represents independence, strength and freedom.' The release further explained the 'dark' portion of the name refers to the hypersonic weapon's ability to 'disintegrate adversary capabilities, including anti-access/area-denial systems, communications capacity, long-range fires and other high-payoff/time-critical targets.' The December test was a combined effort of the Army's Rapid Capabilities and Critical Technologies Office and the Navy's Strategic Systems Programs, an effort for the two branches to use the same weapon system and reduce testing timelines and cost. 'Hypersonic weapons will complicate adversaries' decision calculus, strengthening deterrence,' said Patrick Mason, senior official performing the duties of the Assistant Secretary of the Army for Acquisition, Logistics and Technology. 'Their speed, accuracy and versatility are befitting its new popular name, Dark Eagle.' SLC 46 had most recently hosted a pair of Astra Space rocket launches in 2022 before its use of late for DOD testing. The launch apparatus uses a battery operations center and transporter erector launcher sending the missile streaking east over the Atlantic. The December test was the system's first 'live-fire event,' DOD stated. The system is meant to be deployed on land or sea. Hypersonic missiles travel at more than five times the speed of sound offering a much more difficult weapon to counter after launch.
Yahoo
28-03-2025
- Business
- Yahoo
Dad With 'Mini Portfolio' And $1M Investment Plan Wants Son 'Living Off Of Dividend Income Comfortably' – Reddit Debates Best Stocks To Buy
Every parent wants to give their child a head start in life, especially if they grew up without financial security themselves. The desire to break such a generational curse is powerful, but so is the fear of making the wrong move, since a bad investment could derail years of careful planning. This is exactly what a Reddit user is faced with now. The investor, a dad of a 2-year-old, has asked for advice on building a $1 million portfolio for his son with the goal of having him live comfortably off dividend income by age 34. The poster is determined to set his son up for financial freedom, so he's already started a 'mini portfolio' with a combo of dividend-oriented ETFs and speculative stocks: Schwab U.S. Dividend Equity ETF (NYSE:SCHD), Astra Space (NASDAQ:ASTR), Virgin Galactic Holdings (NYSE:SPCE), and Vornado Realty Trust (NYSE:VNO). Don't Miss: Here's what Americans think you need to be considered wealthy. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." 'We are looking for blueprints or instructions on proper investing for our children. How to create wealth is more important than wealth itself. We really would like to make sure he is financially responsible beforehand,' the dad wrote. His concerns involve picking the right investments to balance growth and dividends in the next 30-plus years, avoiding costly mistakes, and ensuring his son is financially responsible. The responses to the investor's post were a mix of encouragement and caution, with many Redditors coming up with suggestions of assets. Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. ETFs are Safe for the Long Run Many commenters suggested individual stocks are too risky for a 30-year investment horizon, and recommended low-cost ETFs instead. 'Not an expert at all, but I'm thinking safe ETFs with high quality companies. Time will take care of everything. Thinking simple: SCHD, [SPDR S&P 500 ETF Trust (NYSE: SPY)],' a comment reads. A Redditor suggested a mix between dividend-focused and tech assets, which provide both growth and regular payments. '[Vanguard High Dividend Yield ETF (NYSE: VYM)], [Vanguard Dividend Appreciation ETF (NYSE: VIG)], [Invesco QQQ Trust (NASDAQ: QQQ)]. This is dividend + tech. That's what I would bet on for 30 years. Dividend low-fee ETF + some growth inform of tech. I personally would pick stocks for the QQQ portion of the fund [(Apple (NASDAQ: AAPL)] + [Microsoft Corporation (NASDAQ: MSFT)] + [Alphabet (NASDAQ: GOOGL, GOOG)] + [Amazon (NASDAQ: AMZN)]).' 'I remember someone showing the Top 30 or 20 companies by market cap in 1980/1990 and then the new list in 2020 and every one of them had changed/dropped off, bar 1. Might be a good argument for an ETF if you're thinking for the kid,' a Redditor advocated. This user also advised the investor to choose ETFs instead of individual stocks because in such a long period, companies can change a lot. 'I would avoid single stocks and go with a few ETFs because you talking 16 years before they turn 18 and have that last many years, a lot can change with an individual company,' he Up a Trust Several Redditors warned the poster that giving a young adult sudden wealth can backfire, so he should consider setting up a structured trust with gradual payouts. 'OP could set up a trust for their kid where a percentage is released at 18, another at 30, 100% at 50, or however he sees fit. It doesn't stop the kid from possibly becoming a d–k, but it would minimize the risk of them blowing everything before they're fully matured. He could even add in a clause that allows additional access to money at an earlier age for things such as education or buying a house,' a commenter wrote. A Reddit user said he won't tell his children about the money he set up for each of them until they're 30. 'I'm not telling my kids about anything I'm putting aside for them until they're 30. Everyone I know that inherited large sums of money before 30 pissed it all up the wall,' he said. 'Be very careful what you tell him or her. There is a difference between being a wage slave but also learning the importance of hard work. Tell a kid that they got money coming mid-30s? I would have screwed around in my 20s and felt entitled to that money,' another comment reads. Read Next:Can you guess how many retire with a $5,000,000 nest egg? . Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Dad With 'Mini Portfolio' And $1M Investment Plan Wants Son 'Living Off Of Dividend Income Comfortably' – Reddit Debates Best Stocks To Buy originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
