Jul 3, 2017

Defining the future: what is space?

Rebecca Zisser / Axios

Humans have stared at the sky for millennia trying to figure out what is out there and what it tells us about our place in the universe. One of the most mysterious things is everywhere around us — in the gaps between planets and people and particles hums something that scientists and philosophers have spent a long time trying to understand: Space. For as fundamental to our existence and experience as space is, it's hard to describe and define it.

So, we asked four experts a deceptively simple question: what exactly is space?

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Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Why Apple may move to open iOS

Photo illustration: Jakub Porzycki/NurPhoto via Getty Images

Apple may finally allow iPhone owners to set email or browsing apps other than Apple's own as their preferred defaults, according to a Bloomberg report from last week.

The big picture: Customers have long clamored for the ability to choose their preferred apps, and now Apple, like other big tech companies, finds itself under increased scrutiny over anything perceived as anticompetitive.