Perhaps the strongest sign to date that the space industry is in some kind of bubble is the creation of Hypergiant Galactic Systems. In early February, Hypergiant Industries, which describes itself as "the AI industrial complex for leading global enterprises and governments," said it was creating this new division by acquiring a little-known startup, Satellite and Extraterrestrial Operations and Procedures, formed to commercialize a smallsat deployer called Slingshot that was being tested for the first time on the latest Cygnus cargo mission to the ISS. So what will this company do? "Hypergiant Galactic Systems will focus on artificial intelligence-driven aerospace and astronautic software and hardware products for the booming space industry," it said in a buzzword-laden press release.
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