Stories on space business, including company updates, funding announcements, and contract awards.
Yesterday, the European Investment Bank (EIB) announced that it will lend €300M (~$323M) to Luxembourg-based SES to finance a trio of broadcast satellites that will serve Western Europe, Africa, and the Middle East. It’s the largest investment the EU’s investing arm has made to date into a Luxembourg-based company. ESA head Josef Aschbacher has repeatedly […]
Speaking on stage at CES in Las Vegas Thursday, Delta CEO Ed Bastian announced that the company is ready to deliver on a long-promised feature. On Feb. 1, the airliner will offer free in-flight Wi-Fi from takeoff to touchdown. Come February, ~80% of Delta’s domestic fleet will start offering free service, with support rolling out […]
Coming soon, Android users practically anywhere around the globe will be able to send green texts messages from anywhere, even when out of range of any terrestrial cell tower. Iridium and Qualcomm are partnering to make it happen. Today at CES in Las Vegas, Iridium CEO Matt Desch announced that in mid-2023, several new premium […]
SpaceX is seeking another round of funding. According to emails seen by CNBC, the launch juggernaut is raising $750M in a round led by Andreessen Horowitz (aka a16z), valuing the company at $137B. 2022 was a busy year of fundraising for SpaceX. Last month, Bloomberg reported that SpaceX was offering insiders the opportunity to sell […]
Can you believe 2022 is nearly over? It’s been a jam-packed year for the space industry, full of groundbreaking moments in science, turbulence in the markets and world order; substantive policy developments; and historic mission firsts. We’re kicking off our year-end coverage by looking at objects closest in the rear-view mirror. Payload combed through the […]
Late last month, the FCC released a notice of proposed rulemaking that aimed to significantly cut down the red tape surrounding satellite licensing. Now, the commission says that it will discuss the revisions to its licensing procedures as part of its Space Innovation agenda on Dec. 21. The notice falls under a larger trend, led […]
TV…Did Not Kill the Radio Star? SiriusXM ($SIRI) announced Tuesday that it has commissioned Maxar ($MAXR) to build SXM-11 and SXM-12, two new geostationary satellites. The deal doubles the number of SiriusXM satellites in the pipeline. Last year, the American broadcaster ordered SXM-9 and -10 from Maxar. As a matter of fact, these two go […]
Hermeus, a startup building a hypersonic aircraft capable of traveling five times the speed of sound, has completed a major milestone in engine testing. The company successfully demonstrated that its engine can transition from turbojet—like what’s used in passenger aircraft—to ramjet, a much more powerful engine technology. Hermeus 101: The Atlanta-based startup is moving fast […]
Deutsche Bank has initiated coverage on Planet ($PL) with a $7 price target and BlackSky ($BKSY) with a $3 target, issuing buy ratings on both companies, according to a note seen by Payload. Why EO? Space technology is a difficult and capital-intensive endeavor, which raises red flags for risk-averse investors (and especially when frothy markets […]
Cognitive Space inked a pair of contracts with the Pentagon on Tuesday to automate and improve how quickly information can be shared in space. A first The SBIR Phase I contract with the Space Development Agency is the company’s “first engagement” with the Space Force office focused on quick development cycles and proliferated constellations, Cognitive […]
Launching satellites to space is a risky business. The field of orbitally proven vehicles remains small, sensor and payload technology is new and constantly changing, and certain orbital regimes are getting more crowded by the month. Insurers, of course, are no strangers to risk. The space insurance industry dates back nearly 60 years. But the […]
Boeing ($BA) reported a $3.3B loss in the third quarter on Wednesday, which included significant hits to its space and defense business segment. The losses to fixed-price programs, including the Starliner capsule built for NASA’s Commercial Crew program, were partially offset by more commercial airplane sales. By the numbers: 3Q revenue = $16B, up 4% […]
