ASX technology stocks: NASA points to the moon and Future First sells the farm

  • NASA’s CAPSTONE spacecraft aims to reach lunar orbit in November
  • Future First Technologies sells farmbuy.com to focus on the Asset Vision platform

NASA’s small CAPSTONE spacecraft has been launched on its mission to the moon.

CAPSTONE is the abbreviation for Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, and its mission is to test the stability of the orbit that NASA intends to use for its advanced lunar orbital Gateway, a key step in the plans for NASA to establish and maintain a permanent presence on the moon.

The spacecraft was launched by Rocket Lab in New Zealand and is expected to reach its lunar orbit scheduled for around 13 November.

A fascinating view of Electron’s path to the moon with #CAPSTONE on board 🚀✨ pic.twitter.com/mdMMchRy7o

– Rocket Lab (@RocketLab) June 29, 2022

Once CAPSTONE actually reaches the Moon, it will be inserted into a near rectilinear halo orbit (NRHO) of the Moon.

It is a big problem because this orbit has not been tested so far and NASA believes it is highly stable and could be ideal for a future lunar outpost, a stopping point for manned missions to the lunar surface, which will form a vital component of his plans to finally reach Mars.

Who has tech news today?

FUTURE FIRST TECHNOLOGIES (ASX: FFT)

The company sells its farmbuy.com real estate platform for rural properties to Australian Community Media (ACM).

FFT signed a binding agreement where ACM will buy the asset for $ 800,000.

CEO Adrian Rudman said it is an important milestone for the company.

“We can now only focus on accelerating the growth of the Asset Vision Software-as-a-Service business by leveraging the acquisition of EagleSoft last year,” he said.

Asset Vision is a platform for managing road networks that can detect road defects using AI-powered intelligent data capture software (EagleSoft) for safer inspections.

The price of FFT shares today:

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