Images: Ursa Major. Left: Hadley hotfire @ Ursa Major HQ in Berthoud, CO. Right: Hadley being prepped for shipment. Ursa Major officially signed its 200th employee this week, CEO Joe Laurienti tells Payload. The Colorado startup, which bills itself as “America’s only independent pure-play rocket propulsion company,” had just north of 125 employees in early […]
Good morning from Colorado Spring, where we’re writing this at 5:30 am local time. Amazon front-ran Day 2 of Space Symposium with what it claims is “the largest commercial procurement of space launch services in history.” Driving the news Project Kuiper, Amazon’s LEO broadband initiative, has contracted three heavy-lift vehicles for up to 83 launches. […]
On Friday, April 1, SpaceX launched Transporter-4, its fourth dedicated smallsat rideshare mission, from SLC-40 in Cape Canaveral. Following stage separation, Falcon 9’s first stage returned home and landed on the Just Read the Instructions droneship in the Atlantic. Launch details Transporter-4 was launch and landing #7 for this Falcon 9 booster. Previous missions include […]
Midland-based AST SpaceMobile (NASDAQ:ASTS) isn’t in the business of pumping petroleum. Rather, the $1.8B Texas company wants to build a space-based, satellite-to-phone cell phone network. Financial results Headed into 2022, AST had $325M in cash/equivalents and $5M of debt. FY and Q4 ‘21 OpEx were $91.6M (+235% YoY) and $31.3M (+35% YoY), respectively. AST SpaceMobile […]
Image via Astra. Note: This slide was pulled from Astra’s Dec. ’21 investor deck, not IR materials presented Thursday. Astra (Nasdaq:ASTR) recorded a net loss of $257.8M in 2021, the company said Thursday. That’s a 278% annual increase, but to be fair, Astra was making and launching more rockets last year than it was in […]
Last week, Vyoma won the Startup Space pitch competition at Satellite 2022. Dr. Luisa Buinhas, a cofounder of Vyoma and space systems engineer, delivered the winning pitch. Payload wasn’t able to catch up with her on-site, but we did speak with Dr. Stefan Frey, an astrodynamics specialist and fellow Vyoma cofounder. Incubated within the ESA, the European […]
Virgin Orbit (NASDAQ:VORB) lost $157M in 2021 on $7.4M in revenue, the company said yesterday. $VORB finished the day up 8.4%. KPIs at a glance: Adj. EBITDA: -$140M (vs. -$158M in 2020) Cash on hand: $194M Backlog: $575M, 26% of which is covered by binding agreements, and good for a 500% YoY increase. Context: This […]
Hyperspectral imaging startup Pixxel has raised a $25M Series A led by Radical Ventures. Also joining the round were Seraphim, Lightspeed Partners, Blume Ventures, Sparta LLC, and Relativity cofounder Jordan Noone. Payload caught up with Pixxel CEO and cofounder Awais Ahmed over email to hear more about the company’s product roadmap, development principles, and target […]
A screenshot of NK Pro’s before-and-after analysis of Feb. 12 and March 17 Planet satellite imagery overhead a site near Pyongyang. Image via NK Pro. North Korea claimed to launch Hwasong-17 on Thursday. Analysts have described the ICBM in question as a “monster missile.” In Pyongyang’s telling… …the mega-ICBM, first unveiled at a military parade […]
US intelligence officials have attributed the hack of a satellite broadband service to the GRU, Russia’s largest military spy agency, the Washington Post reported Thursday. While its spooks may have reached a determination, the US government has not publicly attributed to Russian military hackers. “We are concerned about the apparent use of cyber operations to […]
Matthew Desch is the CEO of Iridium (NASDAQ:IRDM), a $5.1B satellite operator based in McLean, VA. Payload recently caught up with Desch across town at Satellite 2022. Over the course of an hour, we chatted about (shocker) satellites, constellation strategy, corporate reinvention, Iridium’s moat, “commodity broadband,” Ukraine, dual-use tech, SPACs, and more. There are three […]
Space unicorn Astranis recently announced that it had completed final tests for its first MicroGEO satellite. Payload recently caught up with Astranis CEO John Gedmark (via email) to discuss next steps, launch, satellite insurance, cellular backhaul, and everything in between. We last checked in with Gedmark in early December, when the $1.4B startup struck a […]
