Stories on space business, including company updates, funding announcements, and contract awards.
Spaceium, a startup building in-orbit pit stops for interplanetary missions, is teaming up with The Exploration Company on a demo mission to refuel a spacecraft in orbit. The two companies are betting on a future in-space servicing economy, and their missions and timelines mesh well. Spaceium is heads down designing and building a refueling, charging, […]
Open Cosmos, a UK company that builds and supports satellites working on climate change and humanitarian initiatives, has raised a $50M Series B to support the company’s push into an international market.
India’s space industry got an energizing shock from its lunar landing two weeks ago, and so far, the flurry of investment activity isn’t showing any signs of slowing down. Manastu Space, an Indian collision avoidance and green propulsion startup, announced Tuesday that it closed a $3M pre-Series A led by Capital 2B, BIG Capital, and […]
MDA ($MDA) has been a longtime customer of SatixFy ($SATX). Now, it’s getting a piece of the company. SatixFy, a satellite communications company that is driven by its in-house chipsets, announced on Thursday it will sell its payload division to the Canadian space tech company for $60M. MDA will pay $40M to buy SatixFy Space […]
SatSure, an EO intelligence startup, secured a $15M Series A, the company announced Wednesday. The capital influx will be used to develop a fleet of four high-res and multispectral satellites, which are expected to launch in Q4 2025. Baring Private Equity Partners and Promus Ventures led the round, which consisted of a mix of equity […]
Maxar is getting ready to start pumping out 300 series buses for the Space Development Agency’s tracking mission, but a company exec says he sees a long future for the spacecraft with both commercial and national security customers beyond the military constellation. “There are a lot of studies and demo-type contracts within the LEO sphere […]
Otter Pup is back, baby. The spacecraft from Starfish Space tumbled through space for about six weeks after an emergency deployment from Launcher’s Orbiter craft in June. Yesterday, the Seattle-based startup announced that the craft is finally stabilized. “Less than two months after being deployed with rotation rates 100 times greater than normal operating conditions, […]
A Viasat ($VSAT) communications satellite has malfunctioned, the company announced Thursday, marking the second such failure within the span of a month. This time, the issue is with a new member of the Inmarsat fleet, which Viasat acquired in May. The I6 F2 satellite launched in February as a backup, providing spare L-band and Ka-band […]
SCOUT Space’s relationship with the DoD is about to get a boost. The space safety and observation company announced on Thursday it acquired space security startup Free Space Inc. The move will enable SCOUT Space to strengthen its relationship with the DoD as well as the intelligence industry. Terms of the deal were not disclosed. […]
The DOJ unveiled a lawsuit against SpaceX on Thursday, claiming the launch giant discriminated against refugees and asylees in its hiring practices. “Through this lawsuit, we will hold SpaceX accountable for its illegal employment practices and seek relief that allows asylees and refugees to fairly compete for job opportunities and contribute their talents to SpaceX’s […]
Hypergiant Industries, a software company building an AI-powered decision-making product, announced this morning that it has been acquired by PE firm Trive Capital. Hypergiant 101: The Austin, TX-based company is built around using AI to solve data accessibility and usability issues for defense, space, and critical infrastructure. Its main offering is an AI-powered geospatial data […]
The Space Development Agency (SDA) is going full steam ahead on its Proliferated Warfighter Space Architecture (PWSA). Yesterday, the agency announced that it has awarded the first two contracts to build and operate spacecraft for the second tranche of the network. The two contracts are worth a combined $1.5B and secure 72 satellites. The birds […]
