Stories on space business, including company updates, funding announcements, and contract awards.
The company posted it’s highest ever quarterly revenue, and announced the successful hot fire test of its Archimedes engine, which opens the door for Rocket Lab’s first medium-life launch vehicle, Neutron.
Benchmark Space Systems added Starlight’s Hall-effect thrusters (HET) and 21SoftWare’s security platform to its partner network.
In 2008, Falcon 1 became the first privately funded, fully liquid-fueled launch vehicle to reach orbit. Its development cost? Just $90M ($131M inflation adj.).
Out are the days of onesie twosies large GEO satcom birds, and in are the mega-constellations in LEO, consisting of an army of hundreds or thousands of smaller satellites that provide ultra-fast connectivity.
Ursa Major will buy several industrial 3D printers and hire 15 new employees for an R&D center in Youngstown, OH focused on additive manufacturing.
For the third year in a row, government space budgets saw double digit percentage increases, driven by the significant militarization of space.
Firefly has tapped board member Peter Schumacher as interim CEO while leadership kicks off a search process.
The space sector contributed $131B to American GDP in 2022, according to the most recent and precise analysis by the US government’s Bureau of Economic Analysis.
Last week, SpaceX unveiled the Starlink Mini terminal, a laptop-sized device capable of delivering high speed internet nearly anywhere in the world.
The global space economy generated $400B of revenue last year, $285B of which ended up in the balance sheets of commercial satellite companies, according to the Satellite Industry Association’s State of the Satellite Industry Report.
The agreement opens the door for Europe to begin commercial and research-based missions in LEO.
Rocket Lab is one of three major players in the Western market that builds space-grade solar panels, and the investment will grow production 50% in the next three years.
