The U.S. Post Office said it will slash air shipments by 90% in a bid to save costs.

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Report: Investment in Space Down 53% in Q1
Investment in space was down 53% over the first three months of the year, according to a report from investment fund Space Capital. Chad Anderson, founder and managing partners of Space Capital, joined Cheddar News to discuss the funding downturn that's hit the lowest level in 14 quarters for the space industry.
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