Galvanick, an industrial cybersecurity startup, raised a $10M seed round to expand its team and continue developing its debut product. The seed investors include MaC Venture Capital, Founders Fund, Village Global, Countdown Capital, Hanover Technology Investment Management, Shrug Capital, and 8090 Industries. Protect the machines: Galvanick was founded in 2021 and is led by Josh […]
Sierra Space turned on its Dream Chaser spaceplane for the first time Wednesday, checking off a major milestone before its first flight to the ISS, which is expected at the end of the year. Dream Chaser 101 The autonomous spaceplane is designed to launch vertically atop a heavy-lift rocket, but land horizontally on a runway. […]
A NASA panel poured cold water on UAP (unidentified anomalous phenomena) hype in their first public meeting yesterday, saying better data was needed for conclusive answers. “There is a very limited number of high-quality observations and data curation of UAP,” said Daniel Evans, who works within NASA’s Science Mission Directorate. UAP craze: NASA organized a […]
Florida Gov. Ron DeSantis signed a bill into law last week to reduce the liability for commercial spaceflight companies in a bid to lure even more launch providers to the Space Coast. The law grants launch businesses sweeping immunity from flight-related injury or death liability, on the condition that the crew members sign a waiver. […]
NASA’s Office of Inspector General (OIG) issued a scathing report yesterday on the cost overruns in the engine and booster contracts under the Artemis SLS program. The report revealed $23.8B of total SLS expenses since 2012, resulting in a dizzying $4.2B cost per launch. Over the Moon: SLS is an expendable heavy-lift rocket designed to […]
Fleet raked in $33M in a Series C round yesterday to build out its satellite-enabled mineral exploration solution. Blackbird led the funding round, which valued the startup at $229M. Down Undah: Headquartered in South Australia, Fleet is hyper-focused on serving one of the region’s largest economies, resource mining. The company leverages its seven-nanosatellite LEO constellation […]
Fortuna Investments is opening a Miami office with the goal of investing in 12 early-stage space startups over the next few years. “I think it’s an incredible time to get involved and allocate capital,” Fortuna founder and CEO Justus Parmar told Payload. “We have a lot of powder dry and are looking for opportunities.” Fortuna […]
Blue Origin will provide the second lunar lander for the Artemis program, NASA announced on Friday, giving Jeff Bezos’ company a major victory after losing out to SpaceX on the first lander award in 2021. “An additional, different lander will help ensure that we have the hardware necessary for a series of landings,” said NASA […]
China has set out a roadmap to compete with the Artemis program in a race to the Moon, grabbing the attention of NASA and lawmakers. As NASA pursues increased funding to ensure the US lands first, questions remain regarding China’s ability to finance the endeavor. “China’s funding is a bit of a black box,” said […]
Terran Orbital’s ($LLAP) losses piled up despite progress on its monster $2.4B Rivada contract, the satellite bus manufacturer revealed Monday in its Q1 financial results. By the numbers: Rivada’s three-year, 300 satellite contract accounts for the vast majority of the backlog. Terran received its first milestone payment from the contract last month as it inches […]
ULA rolled its Vulcan rocket to the pad Friday and completed tank testing ahead of its expected first flight readiness firing test for the rocket’s BE-4 engine later this week. “With success here, and a resolution of the Centaur V ground test anomaly, we are projecting for a Vulcan Cert-1 Launch this summer,” said ULA […]
Momentus ($MNTS) notched a number of key milestones this quarter, but continues to stare down a dangerously depleting cash reserve, the company revealed yesterday in its Q1 financial results. By the numbers: Proving out space tug: The company has two functioning spacecraft in orbit. “We are now operating Vigoride-5 and Vigoride-6 concurrently, and both missions […]
