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Citi analyst Siraj Ahmed, for example, raised his forecast for pre-tax cash income, depreciation and amortization (EBTDA) for 2023 and 2024 – the last years Zip hopes to move into the dark. However, in a sign of the uncertainty Zip still faces, Ahmed added a “high risk” rating to his “neutral” stance on the stock. BNPL businesses such as Zip and Afterpay provide interest-free short-term installment loans to consumers, and seek to challenge the strength of the global credit card industry. They were the darlings of the market last year, but have since been inundated by a wave of negative forces: high bad debt, intensifying competition, and plunging technology valuations, as rising interest rates cause investors to demand faster profits from cash-spending companies. In response, Zip unleashed a drastic reconfiguration of its business known internally as “Operation Blue Sky.” It promised to slash more than $30 million in employee costs, tighten new lending, halt plans for global expansi

With his love of science fiction and photography, it seems that Ian Inverarity has always been destined to become involved with astrophotography. Key points: A mechanical engineer from Adelaide has won this year’s David Malin astrophotography award Amateur astrophotography is booming as a hobby as technology becomes more advanced and affordable This year’s competition entered the smartphone category for the first time Mechanical engineers have been capturing the wonders of the night sky for several years now, traveling to regional South Australia in search of the perfect shot. He said the addictive pursuit took him to Gawler, north of Adelaide, about once a month. And many nights and hours in darkness have paid off, with his photo of an old gum tree at Gawler shrouded in mist before the Milky Way picks up this year’s David Malin astrophotography award in New South Wales. “It’s relatively unusual. Out of the seven years or so I’ve been going there, I’ve only encountered fog at night,” I

“One strike can reshape our world, and the only thing that can stop it is science.” Credit: IMAX Those are the opening lines of “Asteroid Hunters,” an IMAX film narrated by Daisy Ridley of Star Wars fame. If the June 17 screening near NASA’s Ames Research Center is any guide, “Asteroid Hunter” achieves its goal of highlighting the threat asteroids pose and the opportunity to veer dangerously toward Earth. At the end of the film, an audience consisting mostly of people from NASA Ames and related organizations discusses the ongoing efforts to search for near-Earth objects (NEOs), asteroids, or comets within about 45 million kilometers of Earth’s orbit. In particular, they expressed concern over the fate of NASA’s NEO Surveyor space telescope. NASA’s 2023 budget proposal released in March called for a cut in the NEO Surveyor space telescope budget from about $143 million in 2022 to less than $40 million in 2023. The budget plan, which would delay the launch of the space telescope by two

The Southern Hemisphere’s first deep-sky telescope is poised to shed new light in some of the darkest parts of the universe, as it begins its survey of western New South Wales. Developed by Macquarie University, the Hunter Telescope has been unveiled at the Siding Spring Observatory, nestled among the mountains of the Warrumbungle Range near Coonabarabran. Project team member Sarah Caddy says the Huntsman design allows for highly specialized research into the formation and evolution of galaxies. “When we look for very dim objects, objects with low surface brightness, we want to collect as much light as possible,” he said. Built almost entirely from ready-to-use technology, the Hunter’s “eyes” are Canon’s 10 telephoto lenses. ( ABC Western Plains: Nic Healey ) “With traditional mirror-based telescopes, they can scatter light into parts of the field of view that we don’t want … that makes it very difficult to find very dim things around galaxies. “What we do is we have 10 lenses, all l

The eerie light juxtaposition in the east coast night sky on Friday morning was actually the 46 satellites that launched into space on Monday. They belong to Elon Musk’s SpaceX company and, if you want to catch them before they’re out of sight, you’ve got to be quick. Here’s how to recognize it. Watch the video above to see the SpaceX satellite formation launch that scares stargazers Watch the latest News on Channel 7 or stream for free on 7plus >> The juxtaposition of traveling satellites moves through space like strings of pearls, creating quite an interesting spectacle for stargazers. While they may appear to be stars, or even UFOs, they are actually Musk’s company-owned Starlink satellite convoy that launched Monday in California. If you want a glimpse, Australian National University astrophysicist and cosmologist Dr Brad Tucker told 7NEWS.com.au Aussies on the east coast only have until Friday morning to see this particular alignment. It’s been a big week for space fanatic

July’s full moon, the buck moon, can light up the sky on Wednesday in a very big way. The moon buck will appear full from Tuesday morning through Friday morning, according to NASA. It will peak on Wednesday at 4:48 a.m. AEST. To those at first glance, it may appear larger and brighter than the other moons of 2022 because it is a supermoon. Watch the latest News on Channel 7 or stream for free on 7plus >> While there is no single definition of “supermoon,” the term usually refers to a full moon that can stand out more than the others because it is within 90 percent of its closest orbit to Earth. The buck moon is the closest supermoon to Earth this year, according to Old Farmer’s Almanac . “Unlike some astronomical events, there’s no (situation where) you have to see it instantly or you’ll miss it,” said Noah Petro, head of NASA’s Laboratory of Planetary Geology, Geophysics and Geochemistry. “There is no moment that you should pay attention to to maximize the enjoyment of the fu

Meteorites hit New Zealand three or four times a year, but the fireballs that shot through the skies over the Cook Strait last week were unusual. It had an explosive power of 1,800 tons of TNT and was captured from space by US satellites. This triggered a sonic boom that was heard throughout the southern part of the North Island. Witnesses described a “giant bright orange fireball” and flashes that left “a trail of smoke that hung for several minutes”. The fireball was most likely caused by a small meteor, several meters in diameter, that crossed Earth’s atmosphere. That is one of only five impacts greater than a thousand tonnes of energy globally in the past year. Most meteors are small, creating “shooting stars” that only briefly penetrate the atmosphere. The meteor’s fragmentation generated a shockwave strong enough to be picked up by GeoNet, a network of earthquake seismometers, with flashes bright enough to be recorded by global lightning-tracking satellites. The Metservice’s

Meteorites hit New Zealand three or four times a year, but the fireballs that shot through the skies over the Cook Strait last week were unusual. It had an explosive power of 1,800 tons of TNT and was captured from space by US satellites. This triggered a sonic boom that was heard throughout the southern part of the North Island. Witnesses described a “giant bright orange fireball” and flashes that left “a trail of smoke that hung for several minutes”. The fireball was most likely caused by a small meteor, several meters in diameter, that crossed Earth’s atmosphere. That is one of only five impacts greater than a thousand tonnes of energy globally in the past year. Most meteors are small, creating “shooting stars” that only briefly penetrate the atmosphere. The meteor’s fragmentation generated a shockwave strong enough to be picked up by GeoNet, a network of earthquake seismometers, with flashes bright enough to be recorded by global lightning-tracking satellites. The Metservice’s

This image shows the center of our Milky Way galaxy. It shows the position of stars in the so-called S star cluster, a small group of high-speed stars orbiting our Milky Way’s central black hole (at the black cross). Speedy star S4716 has set a new record as the fastest known of all these stars. Image via Peissker et al. Fast star orbiting the Milky Way’s black hole Scientists in Europe said on July 5, 2022 that they had found the fastest star known to orbit a black hole. And not just any black hole… it orbits Sagittarius A*, the giant black hole at the center of our Milky Way galaxy. Our central black hole weighs about 4 million times the mass of our sun. The newly discovered star is called S4716. It reaches an orbital speed of 5,000 miles per second (8,000 kps) around the black hole, or about 5,000 times faster than the fastest fighter jet. Imagine seeing star – a huge ball of turbulent gas that glows on its own – shooting at this speed! By the way, on the other hand, ou

View bigger. | Artist’s concept showing what some of the habitable water worlds in our Milky Way galaxy might look like. A new study shows they don’t need to all look the same. Notice the Earth on the far right. Image via NASA/Wikimedia Commons. Earthly life requires water. So scientists contemplating life outside our solar system have traditionally thought of watery exoplanets, similar to our own aquatic world. An exoplanet that is similar to Earth – in terms of atmosphere, distance to stars, mass, etc. – suggests a possible habitable world. But scientists said in late June 2022 that long-term liquid water would not have occurs under conditions similar to Earth. Exoplanets can be a little bigger and may not even be located near a star! The new study comes from researchers at the University of Bern, the University of Zürich and PlanetS’s National Center for Competence in Research (NCCR). This suggests that several different exoplanets from Earth may be able to retain liquid