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Meta has recently confirmed that a vulnerability affecting its popular Quest 2 headsets also extends to the newer Quest 3 and 3S models. This security flaw could potentially allow unauthorized access to user data and even facilitate remote code execution. However, Meta has also announced a workaround while they work on a permanent fix, urging users to take immediate action to protect themselves. This news comes as a blow to Meta, who have been pushing the Quest 3 as the future of VR gaming. The vulnerability, discovered by security researchers, exploits a weakness in the headsets’ operating system, potentially allowing hackers to gain control of the device and access sensitive information such as user accounts, passwords, and financial data. The potential for remote code execution adds another layer of concern, as malicious actors could install malware or take complete control of the headset. What is the vulnerability and how does it work? While the exact details of the vulnerability are being kept under wraps to prevent widespread exploitation, Meta has revealed that it involves a flaw in the way the Quest headsets handle certain types of data processing. This flaw can be exploited by malicious actors to bypass security measures and gain unauthorized access to the device. What are the potential risks for users? The potential risks associated with this vulnerability are significant. Hackers could potentially: What is the workaround and how can users protect themselves? Meta has acknowledged the severity of the issue and is working on a permanent fix. In the meantime, they have released a workaround that involves disabling a specific feature within the headset’s settings. This feature, while not essential for core functionality, is believed to be the entry point for the exploit. Here’s how to implement the workaround: Meta has assured users that disabling this feature will not significantly impact the overall VR experience. However, some users may experience slightly longer loading times or reduced performance in certain applications. My experience with the workaround: Personally, I applied the workaround on my Quest 3 as soon as I heard about the vulnerability. I haven’t noticed any significant performance issues, though loading times for some apps do seem a bit longer. However, I feel much safer knowing that I’ve taken steps to protect myself from potential hackers. What else can users do to stay safe? In addition to implementing the workaround, Meta recommends that users follow these security best practices: What is the long-term solution? Meta is actively working on a permanent fix for the vulnerability, which will likely involve a software update that patches the underlying flaw. It is unclear when this update will be released, but Meta has stated that it is a top priority. The impact on Meta and the VR industry: This security issue comes at a critical time for Meta, as they are heavily investing in the metaverse and positioning the Quest headsets as a key entry point. The vulnerability could potentially damage consumer trust and hinder the adoption of VR technology . The incident also highlights the growing importance of cybersecurity in the VR space. As VR headsets become more sophisticated and connected, they become increasingly attractive targets for hackers. The industry needs to prioritize security measures to ensure user safety and maintain consumer confidence. The discovery of this vulnerability in the Quest 3 and 3S headsets is a serious concern. However, Meta’s proactive response and the availability of a workaround provide some reassurance. By taking the necessary precautions, users can mitigate the risks and continue to enjoy their VR experiences. It is crucial for Meta to address this issue swiftly and comprehensively to maintain user trust and ensure the continued growth of the VR ecosystem.The excitement around space exploration is reaching new heights. With visionary companies like Elon Musk's SpaceX and Jeff Bezos' Blue Origin leading the charge, what was once a government-exclusive venture is now being led by the private sector. This shift has investors eager to jump on opportunities in the booming space sector. While SpaceX sparks a lot of enthusiasm, the company isn't planning a public stock offering anytime soon. However, one competitor is available for investors to buy today: Rocket Lab USA ( RKLB -4.29% ) . Rocket Lab has taken off in 2024, surging 409% as it continues to ramp up its launch cadence . Looking ahead to 2025, the company is positioned to grow its margins and profits. Here's why. Its Electron is a top small satellite launch vehicle Rocket Lab has become a go-to partner for companies launching small satellites into orbit. With its flagship rocket, the Electron, the space company has emerged as a top player in the industry and has the second-most-utilized orbital rocket in the U.S. Electron's smaller size makes it ideal for frequent and cost-effective missions for clients with small payloads. Since its inception in 2017, Rocket Lab has completed 57 missions, including 15 in 2024. Rocket Lab competes with SpaceX's Falcon launch vehicle, but the race isn't close. SpaceX currently dominates the market, accounting for 98 launches, or a staggering 90% of the total launches by U.S.-based companies in 2023. On the financial front, Rocket Lab USA is growing steadily. This year, the company has generated an impressive $304 million in revenue and $79 million in gross profit, thanks partly to its launch service business. But that's not all. Rocket Lab has a bustling space systems business providing design and manufacturing services for spacecraft components. This segment alone contributed $220 million to revenue, making up 72% of its total gross profit through three quarters this year. RKLB Revenue (TTM) data by YCharts Looking ahead to 2025 One thing limiting Rocket Lab is its smaller Electron rocket. Although this smaller rocket means more frequent flights, the company earns less profit per launch. Its Electron launch vehicle earns roughly $7.5 million per launch. Rocket Lab is also limited from handling more lucrative civil and defense payloads, giving competitors like SpaceX a significant advantage. However, Rocket Lab plans to debut its Neutron rocket, which it has been developing since 2021, in 2025. With a payload capacity of 13,000 kilograms, 60 times more than its Electron rocket, Neutron positions Rocket Lab to better compete head-to-head with SpaceX's Falcon 9 launch vehicle. At $50 million and $55 million per launch, Neutron is set to unlock revenue and profit that is six times greater than Electron , paving the way for significant growth and expanding margins. Recently, Rocket Lab made headlines by successfully firing its Archimedes engine for the first time at NASA's Stennis Space Center. This engine will power the first stage of its Neutron rocket, and the test validates the design and demonstrates the engine's operability. CEO Peter Beck believes this progress helps keep the company on track for a mid-2025 launch of the Neutron rocket. Analysts forecast that Rocket Lab will generate $596 million in 2025, representing a robust 40% growth from this year's projected revenue. The company is expected to reduce losses from $186 million this year to a $145 million loss next year, with earnings projected to turn positive by 2027. Is Rocket Lab right for you? Rocket Lab is making solid progress and is scheduled for a mid-2025 launch of its Neutron vehicle, which is promising news for investors. The company also boasts a robust backlog of $1.05 billion, representing contracts for future launch services and space systems work. This is up 80% year over year and shows strong demand for Rocket Lab's services. The ongoing developments surrounding the Neutron vehicle are generally positive; however, any setbacks could potentially delay the company's profitability goals. Rocket Lab stock has experienced notable gains this year and is currently valued at 23 times projected sales for the upcoming year. For this reason, the stock's high valuation and volatile nature aren't ideal for conservative investors prioritizing capital preservation. That said, Rocket Lab presents an intriguing investment opportunity for investors with a higher tolerance for risk who are looking for long-term growth potential. Just be aware of the volatility and lack of current profits, and consider dollar-cost averaging into the position over time as Rocket Lab makes good on its long-term goals.
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