Japan successfully launched its H3 rocket carrying the Michibiki No. 7 navigation satellite on Tuesday. H3 Flight No. 9 lifted off at 4:23:31 a.m. Japan time from the Tanegashima Space Center. The Japan Aerospace Exploration Agency, or JAXA, confirmed satellite separation about 29 minutes and four seconds after liftoff. The agency said the rocket followed its planned flight path and placed QZS-7 into its predetermined orbit. Michibiki No. 7 forms part of Japan’s Quasi-Zenith Satellite System, known as QZSS. The satellite network provides positioning, navigation and timing services that work alongside the U.S. Global Positioning System. Japan has operated QZSS services since November 2018. The system serves Japan and can also support users across parts of the Asia-Oceania region. Japan’s Cabinet Office oversees the QZSS program through its National Space Policy Secretariat.
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The valuation shift reflects broader recalibrations across international financial markets as institutional managers re-evaluate capital commitments tied to artificial intelligence infrastructure. While competing hyperscale computing enterprises including Alphabet and Tesla accelerated capital investments toward data centers, robotics, and autonomous transport networks, Apple maintained disciplined expenditure controls over consecutive fiscal quarters. Market participants increasingly view Apple’s disciplined spending approach as a operational buffer, allowing the firm to expand its proprietary Apple Intelligence software ecosystem without incurring high infrastructure depreciation costs.
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