Business
Stories on space business, including company updates, funding announcements, and contract awards.
Sateliot Raises €6M
Spanish satellite operator startup Sateliot announced yesterday that it has clinched €6M ($6.6M) in funding from Banco Santander, the largest bank in Spain.
Iridium Launches Project Stardust
Iridium ($IRDM) is back in the market for direct-to-device services from space after revamping its strategy for the buzzy business.
The Projected Growth of the Middle Eastern Space Economy
Historically, Middle Eastern nations haven’t led the pack when it comes to impressive space tech or exploration, but that’s beginning to change as several space agencies in the region invest to realize their ambitious goals in orbit.
NASA Bumps Up Funding for Blue Origin and Voyager Space Stations
NASA has reallocated a serious pot of funding for the companies still participating in its Commercial LEO Destinations (CLD) program.
Sidus Space Nabs NOAA Remote Sensing License
Sidus Space ($SIDU) secured a key NOAA remote sensing license for Panchromatic and Shortwave Infrared imaging on its LizzieSat birds, the company announced on Wednesday.
SpaceX Deploys Direct-To-Cell Starlinks
There’s officially a new player in the direct-to-cell market. On Tuesday, SpaceX launched its first batch of Starlink satellites with the embedded capability to connect directly with phones on the ground. T-Mobile, the company’s partner in connectivity, is signed on to enable the service within the US as early as this year. Get connected: Direct-to-cell…
Terran Orbital Nabs Rivada Payment
Terran Orbital ($LLAP) announced yesterday it received a key Rivada Space Networks milestone payment for its mega-contract to build 300 internet satellites after months of delays.
Rocket Lab Wins $515M Spacecraft Contract
Rocket Lab’s ($RKLB) space systems business got a major boost just before the year drew to a close.
Apex Reveals Factory One
Apex is getting new digs as it preps to ramp up its satellite manufacturing.
FCC Reaffirms its Decision to Deny Starlink $886M Subsidy
The FCC upheld its 2022 decision to deny Starlink an $886M Rural Digital Opportunity Fund subsidy aimed at expanding internet connectivity into rural areas.
AstroForge Provides an Update on its Brokkr-1 Demo Mission
Asteroid mining startup AstroForge provided a detailed update on its Brokkr-1 satellite demo mission in a blog post yesterday, revealing several hiccups it encountered and a three-month blitz to complete its refinery mission.
Helicity Raises $5M for In-Space Fusion Propulsion
Helicity Space, an in-space nuclear fusion propulsion startup, nabbed a $5M seed round to begin developing its novel engine.
