Stories on space business, including company updates, funding announcements, and contract awards.
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% […]
Orbex announced earlier today that it had successfully closed a £40.4M ($46.3M) Series C funding round. This latest round of funding pushes the company’s total funding to date past $100 million, making it one of the most well-funded launch startups in Europe. Road to $100+ million July 2018: £30M (approximately $33.8M) funding round that included […]
Hubble needs a boost, and SpaceX has stepped up to provide it. Yesterday, NASA and SpaceX announced that they’ve teamed up through an unfunded Space Act agreement to conduct a feasibility study into whether a crewed commercial mission could boost Hubble’s orbit and extend its lifetime. Hubble: an abridged history When the Hubble space telescope […]
The Starlink mobile app has 2M+ downloads in 2022, per third-party estimates from 42matters, a Swiss mobile intelligence provider. The tally includes both installs on Android’s Google Play marketplace and the iOS App Store. Starlink saw ~90,000 downloads over the weekend, 42matters’ Alexander Braelow told Payload. The spike occurred shortly after SpaceX activated Starlink in […]
In an attempt to get as many space operators communicating on the same platform as possible to lower collision risks in space, Slingshot Aerospace today announced that it plans to offer a version of its Beacon space situational awareness (SSA) platform for free. “We just feel a grand responsibility here, since we do have the […]
TechStars LA has announced its September cohort. This year, seven of the twelve total companies joining the startup accelerator hail from aerospace. TechStars: The startup accelerator began in 2019 with the vision of connecting the innovative technology developing as part of the growing new aerospace industry in LA with the DoD. “I saw an opportunity […]
The US Air Force is tapping Ursa Major for rocket engines. The Colorado-based propulsion company has signed a $3.6M contract under USAF’s TACFI (Tactical Funding Increase) program to supply a flight-qualified, oxygen-rich staged combustion (ORSC) Hadley engine. The contract, Ursa Major CEO Joe Laurienti told Payload, is the first of its kind in propulsion. “More […]
Earlier this week, Space in Africa published its report on the state of the African space industry. Between 2019 and 2021, the “new space” industry in Africa has reportedly seen major growth, and is valued at $19.5B as of the end of 2021. Africa’s space: The space industry in Africa is currently dominated by global […]
Benchmark Space Systems is ready to bring a last-minute collision avoidance kit to market, the Vermont startup said this morning. Dubbed COLA, the tiny thruster system is designed compactly so it can be retrofitted onto satellites that already have finalized designs, Benchmark EVP Chris Carella told Payload. All that junk out there: The orbital environment […]
Consolidation is the order of the day in the legacy satellite world. The latest: Luxembourg-based SES and American satellite operator Intelsat are in talks to tie the knot, the FT reports. The GEO operators are long-standing competitors, and in recent memory, duked it out in bankruptcy court. Is it time to let bygones be bygones? […]
Xona Space Systems, a San Mateo, CA-based startup building a GPS alternative in LEO, has raised an funding round. First Spark Ventures led the round, with participation from a range of new and existing investors, including Lockheed Martin Ventures. Xona now raised $25M+ to date, putting this round somewhere around $15M based on previous fundraising […]
Slingshot Aerospace has its sights set on being the industry leader in space situational awareness (SSA). This morning, the company announced that it has acquired Numerica’s Space Domain Awareness (SDA) division and UK-based Seradata. “These acquisitions bring a single, unified space intelligence platform to the market that the market needs, and hasn’t seen,” said Melanie […]
