Business
Stories on space business, including company updates, funding announcements, and contract awards.
The $1.8T Space Economy
The space economy could grow to $1.8T by 2035, according to a report released today by the World Economic Forum in partnership with McKinsey & Company.
Varda Raises $90M Series B
On the heels of its first successful mission returning in-space manufactured drugs from orbit, Varda Space Industries has closed a $90M Series B, bringing the company’s total fundraising to date to $145M.
Exclusive: Phase Four Secures a $14.9M DARPA Contract for an Air-Breathing VLEO System
Congestion in LEO is on its way up, and in response, the US military is looking to move down.
Pentagon Releases First Commercial Space Strategy
The Pentagon on Tuesday released its long-awaited strategy for working more closely with the commercial space sector, which includes plans to boost cooperation during times of peace and protect commercial assets in times of conflict.
ispace Raises $53.5M for Future Lunar Landers
Japanese lunar lander startup ispace has raised $8.1B yen ($53.5M) in a stock sale to help fund its third spacecraft.
A National Security Space Acquisition Primer
The web of offices intended to bring innovative space tech into the national security sector just got a whole lot less confusing.
Intuitive Machines Reports a Moon Cash Boon
Touchdown on the Moon, collect millions of dollars—that’s how Monopoly, space edition is played. We don’t make the rules.
Exclusive: Antaris and SpeQtral Join Forces to Protect Satellite Data
SpeQtral is teaming up with Antaris to develop quantum-safe satellites that keep data and communications secure, the companies announced today.
Starship Achieves Major Milestones on its Third Test Flight
On SpaceX’s 22nd birthday, Starship put on a show.
Slingshot Opens First Overseas Office in the UK
The space situational awareness (SSA) firm Slingshot Aerospace is opening two offices in the UK in its first expansion outside America’s borders.
Iridium Announces Plan To Acquire Satelles
Iridium is acquiring Satelles to expand its positioning, navigation, and timing services, with the aim of complementing GPS services—or providing a backup should GPS fail.
Transporter-10 Launches 53 Satellites
It’s a bird, it’s a plane…it’s a Falcon 9, careening off to orbit laden with payloads from far and wide.
