Stories on space business, including company updates, funding announcements, and contract awards.
NASA is a *star* student of the Biden administration’s efforts to send more federal dollars to small businesses, earning an “A” for the sixth year in a row in a Small Business Administration scorecard released Tuesday. The gradebook: SBA releases a small business procurement scorecard each year that measures how close federal agencies are able […]
Seraphim, a leading space VC firm HQ’d in the UK, has released its yearly index on funding and acquisition activity across the space industry. Seraphim’s tracking data shows signs that investment activity is bouncing back from the economic woes and restrained capital markets of last year. Deals, deals, deals: The trailing twelve months (TTM) analysis […]
A small engineering firm from the Basque region of Spain nabbed an investment from Talde as it quietly lays the groundwork for a global space business empire. Added Value Solutions (AVS) develops complex equipment for industries such as fusion, particle accelerators, and space. On the heels of a significant investment in the firm, CEO Miguel […]
The recently-launched ViaSat-3 Americas satellite has hit a major snag. Viasat ($VSAT) announced yesterday that an “unexpected event” occurred during the deployment of the satellite’s massive reflector that may degrade the performance of the communications satellite, which was supposed to grow the company’s broadband business in the Americas. “We’re disappointed by the recent developments,” said […]
After nearly a year of struggling to bump its stock price above the Nasdaq minimum and avoid delisting, Astra ($ASTR) has officially decided to perform a reverse stock split. The company plans to perform a 1-to-15 ratio split and aims to raise up to $65M in an “at-the-market” offering, meaning common stock shares will sell […]
The countdown has started on ispace’s NASA-backed date with the Moon in June 2025, and the US team has locked itself in a room this week to game out the details. The company began a four-day exercise on Monday akin to a military-style wargame that will help the company zero in on when the spacecraft […]
Voyager Space, a space tech rollup, announced Friday it had signed an MoU with NewSpace India Limited (NSIL), ISRO’s commercial launch division, to explore small sat deployment opportunities and component tech sharing. “This partnership is a unique opportunity as we join forces to drive innovation and advancement in the small satellite launch industry,” said Voyager […]
Rivada Space Networks has been racing against the clock to deploy a secure, laser-linked LEO comms constellation before a deadline imposed by the International Telecommunications Union (ITU). The company was on track to miss the first goalpost, which required 10% of its 576-satellite constellation in orbit and working by September. The ITU has issued a […]
Ken Campbell, the newly-tapped head of Edgybee’s US arm, told Payload that it was an “easy decision” to come out of retirement to work with Edgybees because he believes the company’s tech will be so helpful to troops. Campbell, who served for 25 years as a Navy explosive ordnance disposal officer, has only been in […]
Advanced Navigation, a lunar navigation startup, won an AUD 5.2M ($3.4M) Australian Space Agency grant to accelerate development of its lunar lander LiDAV sensor tech, the company announced yesterday. The funding supports NASA’s Commercial Lunar Payload Services. “By helping Australian organizations like Advanced Navigation to develop their space heritage, they can break into new markets […]
Space computing company Ramon.Space closed a $26M strategic financing round, just on the heels of finalizing a key manufacturing partnership with Foxconn subsidiary, Ingrasys, the company announced this morning. Ingrasys and the UAE Strategic Development Fund provided the bulk of the financing, with some participation from existing investors. Ramon.Space has raised more than $45M so […]
Continuum Space Systems announced today that it has closed a $3M seed round, bringing the company’s total fundraising to more than $6M. Continuum’s mission: The startup, which was established in 2021, offers customers a cloud-based platform to take care of many of the logistics required to quickly get customers to space. Customers can come to […]
