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The satellite weighed just under 185 pounds and orbited the Earth in 98 minutes, according to NASA, which came into existence because of Sputnik. The launch, on Oct. 4, 1957, marked the dawn of the Space Age.
Five years earlier, the International Council of Scientific Unions declared July 1, 1957, through Dec. 31, 1958, the International Geophysical Year, which would coincide with the peak of the 11-year cycle of sunspot activity. The United States created a committee to plan satellite launches and research programs to study cosmic rays, gravity, solar activity, and other phenomenon during that "year." By 1954, the United States planned to launch satellites to map the Earth's services. The White House announced those plans in 1955.
Then, the Soviets beat U.S. scientists and policy-makers to the punch.
Sputnik came as a surprise to Americans, although President Dwight D. Eisenhower knew of its launch ahead of time, according to NASA documents. The public was so taken aback by word that their Cold War rivals had sent a satellite into space, the White House tried to reassure the public by downplaying its significance. While Americans feared the development could foreshadow the launch of ballistic missiles and nuclear , the Soviets launched Sputnik II with a dog named Laika less than one month later, on Nov. 3.
The United States suffered another embarrassment and setback Dec. 6, when televising the attempted launch of its Vanguard satellite. The satellite, rushed to launch, burst into flames just a few feet off the ground.
The U.S. Defense Department later approved more funding for U.S. satellite projects and finally successfully launched Explorer I on Jan. 31, 1958. That satellite discovered magnetic radiation belts around the Earth.
In July of that year, Congress passed the National Aeronautics and Space Act to create the National Aeronautics and Space Administration, in large part as a reaction to Sputnik and fears that the Soviets would defeat the United States in the race to conquer space.
Fifty years later, Russian and U.S. scientists are working together to study the physiological effects of space.
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The Indian government reported faster-than-expected GDP growth of 8.2% for the September quarter. It came as a surprise to many economists who were expecting a slowdown based on the recent high-frequency indicators such as consumer goods sales and durable goods production, as well as two-wheeler sales. At the same time, The International Monetary Fund expressed doubts about the Indian government's GDP data. …
ContinuePosted by Riaz Haq on November 30, 2025 at 11:30am
Pakistan's benchmark index KSE-100 has soared nearly 40% so far in 2025, becoming Asia's best performing market, thanks largely to phenomenal growth of retail investors. About 36,000 new trading accounts in the South Asian country were opened in the September quarter, compared to 23,600 new registrations just three months ago, according to Topline Securities, a brokerage house in Pakistan. Broad and deep participation in capital markets is essential for economic growth and wealth…
ContinuePosted by Riaz Haq on November 24, 2025 at 2:05pm
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