Photo: Xinhua/Li Muzi via Getty Images

A rocket launched by Iran's space program on Sunday failed to reach the speed necessary to get its Zafar 1 communications satellite into orbit, AP reports.

Why it matters: It's the latest disappointment for a program that the U.S. claims is in violation of a UN security resolution that calls on Iran to refrain from building ballistic missiles capable of carrying nuclear weapons.

  • Iran has claimed that it does not seek a nuclear weapon and that its space launches do not have a military component, per AP.
  • Iran had postponed the launch from Saturday after the country faced a large-scale cyberattack. Officials still publicly promoted the launch as a success and promised future successes.

The big picture: This is not the first launch in recent years to end in failure. In August, Trump tweeted a high-resolution image of the aftermath of an explosion at an Iranian space center — claiming, mysteriously, that the U.S. did not play a role in the accident.

Go deeper

58 mins ago - Sports

Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.