Microsoft Corp. (NASDAQ: MSFT), a global leader in software, has successfully tested the efficacy of its brand-new space cloud service. The development of this industry creates new possibilities for growing the Microsoft ecosystem.
At the end of 2021, Microsoft unveiled a new Azure Space service. It includes processing Earth remote sensing (ERS) data using the Microsoft Azure cloud architecture. A cooperative research and development agreement was struck at the same time by Microsoft and the US National Oceanic and Atmospheric Administration (NOAA). Another collaborator on this project was Kubos, which was acquired by Xplore in April 2022.
Microsoft and NOAA collaborated to show off Azure’s capabilities with polar weather satellites last year. Specifically, Major Tom Xplore control software based on Microsoft’s brand-new cloud called Azure Orbital was used to send photos from the NOAA-18 satellite.
All of this ultimately made it feasible to manage the flow of data in almost real-time. At the same time, prices were cheaper than when traditional infrastructure was deployed, and data protection needs were satisfied.
The number of satellites in near-Earth orbit will double over the next few decades, and Microsoft can now provide its services to this rapidly expanding region. NOAA wants to increase the number of meteorological satellites in orbit. To manage their space assets more simply, commercial entities are also constructing satellite constellations.
Shares of Microsoft Corporation (NASDAQ: MSFT) have decreased by 1.05 percent, or $2.81, in the most recent trading session, and are down -21.24 percent year-to-date (YTD). The stock’s trailing 12-month performance has decreased by over 0.05 percent, though.
The stock has decreased by 20.86 percent over the past six months and by 12.77 percent over the last three months. If we examine the shorter timeframe, its performance throughout the week is up 6.96% and 0.90% over the month.