The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Apple bought Tueo Health, which was developing tech to help parents monitor asthma symptoms in children, using a mobile app and commercial breathing sensors.Technologyread more
Amazon's cloud business is launching a satellite connection service, marking the company's first public move into space-related hardware and a continuation of its efforts to support the growing industry.
The company's AWS Ground Station unit is building a network of 12 satellite facilities around the world, Amazon announced on Tuesday, and planning to begin operations by the middle of next year. A ground station is the vital link for transmitting data to-and-from satellites in orbit.
"Satellite data is incredibly useful for building a wide range of important applications, but it is super complex and expensive to build and operate the infrastructure needed to do so," Charlie Bell, Amazon Web Services senior vice president, said in a statement. "Today, we are giving satellite customers the ability to dynamically scale their ground station antenna use based on actual need. And, they will be able to ingest data straight into AWS, where they can securely store, analyze, and transmit products to their customers."
AWS Ground Station is partnering with several satellite companies, include Spire Global, DigitalGlobe and BlackSky. Each of the companies operate ground facilities already but will work with AWS Ground Station to augment operations. Spire operates more than 30 ground stations already but expects Amazon's platform will offer faster speeds at lower costs.
"This offering that they're doing is just an extension" of Amazon's cloud service, Spire CEO Peter Platzer told CNBC. "Spire has built one of the world's largest ground station networks ... and now imagine that Amazon does all of that and the only thing that Spire does is rents capacity on the ground station."
Amazon's facilities will be built on the infrastructure from dozens of AWS data centers located around the world, according to Platzer.
"I wouldn't be surprised if in five years they have hundreds of ground stations around the world," Platzer said.
Spire has more than 60 "cubesat" sized satellites in orbit. The company's satellites have multiple sensor on board, which track ships and airplanes, as well as gather atmospheric data to forecast weather. Spire describes itself as an analytics company, as a variety of industries use Spire's data, ranging from hedge funds to earth scientists to shipping businesses.
AWS Ground Station would remove the heavy capital costs of building ground station networks off of satellite operators like Spire, according to Platzer. Companies like Spire would instead pay operational costs, to "rent capacity as our needs arise," Platzer said.
"The same way we rent compute capacity on Amazon due to need, we will now be able to rent ground station capacity to suck data from our satellites on demand as we need it," Platzer said.
AWS announced a partnership with Iridium Communications in September, to develop a satellite-based network called CloudConnect for Internet of Things (IoT) applications. Iridium expects CloudConnect to launch in 2019, catering initially to the agricultural and shipping industries.