The ghost of Vector lives on. Tucson, Arizona-based satellite and rocket developer Phantom Space, co-founded by Jim Cantrell in 2019, has acquired the remnants of Vector Launch, Space News reports. The announcement is notable because Cantrell left Vector as its finances deteriorated in 2019. Cantrell said some of the assets, comprising flight-proven design elements, engineering data, and other technology originally developed for Vector, will be immediately integrated into Phantom’s Daytona vehicle architecture to reduce development risk.
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The Penn-Wharton model found in a preliminary analysis that AI could reduce deficits by $400 billion by 2035. But the Congressional Budget Office framed AI and associated investment as wild cards in determining the U.S. fiscal and economic outlook. While the CBO projects AI will enhance total productivity by 1% in the next decade, its most recent budget report conceded that this prediction was “highly uncertain.” If adoption is slow or costs higher than anticipated, it would significantly alter GDP growth and, consequently, government revenue.