Banner

Galileo satellite launch

The European Space Agency launched two Galileo satellites by a Russian Soyuz rocket from its French Guiana base. To compete with the American Global Positioning System, the European Commission has invested about $9.6 billion to provide Europeans with an alternative service, which will be free initially before transitioning to a paid service in 2020. The launch was delayed because of budget overruns, but officials are optimistic that the benefits of its precision will outweigh issues caused by its overspending. Officials estimate that Galilieo will bring in €90 billion throughout the next 20 years.

The agency wants to increase the total number of satellites to 30 during the next decade. As time progresses and the number of spacecraft in orbit increases, the performance of all devices should show improvement.

-compiled by Fiza Hashmi


Published November 2, 2011

Subscribe to our email edition

Get The Cavalier Daily delivered to your inbox every morning.

Subscribe now!


Calendar:


  • No events for today

  • No events for tomorrow

  • No events for Fri


Popular


  • DarrinJWard said:

    "They remind us that wealth does not guarantee immunity from criticism." That's a joke, right? Have you seen the hyperinflated criticism and hyperbole ...
    on The Cavalier Daily :: Trading blows

  • JB said:

    Somebody made Jone's stupid comments into a video. http://youtu.be/qSPNGcswPxA
    on The Cavalier Daily :: Trading blows

  • Paul Revere said:

    All women? Or some women? Given a new focus or a new distraction any person is subject to losing focus OR changing their focus/goal. Men can be just ...
    on The Cavalier Daily :: Trading blows

  • Guest said:

    "Careers in emergency medicine or high-stakes diplomacy are likely as stressful, if not more, than macro trading" Lol...
    on The Cavalier Daily :: Trading blows


Commentary

Add your $0.02, go to the comment form or follow the comment feed


Powered by powered by SNworks Solutions by The State News