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This "kilonova", which emitted in X rays, ultraviolet, optical, infrared, and radio, had an evolving spectrum consistent with the creation of heavy elements, confirming the long held suspicion of their origin. The gravitational wave observation allowed for a measurement of tides on the neutron stars, which represents a first step towards constraining the elusive neutron star equation of state.
Finally, compact binary mergers offer a novel way of measuring distances in the Universe, bypassing the "cosmic distance ladder". These observations open up a new field at the intersection of physics, astronomy, and cosmology.
I will end with plans for future observations with novel gravitational wave observatories, such as LISA and Einstein Telescope.