Momentus ($MNTS) is in a race against its cash burn. That’s the read from the space tug developer’s Q4 results, which portend a runway crunch in the coming year. At the same time, though, Momentus touted key new customer wins and a clean bill of health for its Vigoride-5 space tug. And it also has […]
The European Space Agency announced on Friday that an eroded engine nozzle component caused the Vega C rocket failure in December. Yuzhnoye, the Ukrainian nozzle component supplier, will now need to be replaced. The supplier swap will push back the next Vega-C launch attempt to late 2023. A mishap with high stakes: “I would claim […]
Rocket Lab ($RKLB) fired off a number of key business updates on Tuesday’s earnings call. To start, the company reported robust Q4 revenue of $51.8M, an 88% YoY increase. The business outlook Rocket Lab’s backlog increased from $241M in Q4 ‘21 to $504M at the end of 2022. Strong order volume is driven largely by […]
For the second time in less than a year, SpaceX has adjusted pricing on rideshare launches and Starlink. Rideshare: The price tag of a Falcon 9 Transporter launch increased by 18%, from $5,500 per kg to $6,500 per kg. The hike comes after a 10% increase the previous year. Starlink: In an email to customers, […]
Dish Reports Q4 2022 Earnings: Yesterday, Dish ($DISH) reported that Q4 net income increased to $936M, a substantial rise from $552M in the prior year. The revenue story was not as bright: Dish generated $4.04B in Q4 sales, down 9% from the prior year. The culprit for revenue declines is a lower subscription base across […]
Texas Governor Greg Abbott is requesting a staggering $350M from state legislators to form a Texas Space Commission, as first reported by Ars Technica. While details on specific allocations have yet to be determined, the overall goal of the funding will be to further establish Texas as a space hub. “With companies seeking to expand […]
Last week, NASA released a new crowdsourcing competition to build out a virtual reality (VR) Mars simulator. The agency would be able to use the simulator to prepare astronauts for the various scenarios they may encounter on a mission to the Red Planet. The competition: Participants are given access to a pre-constructed digital world that […]
On Thursday, shares of newly public Intuitive Machines ($LUNR) closed at $44.77 a pop, up a staggering 251% on the day. The company’s stock has tripled in three days of trading. Trading of the lunar exploration company’s stock was briefly halted midday as volatility triggered the NASDAQ circuit breaker. The surge comes just three days after […]
