Stories on space business, including company updates, funding announcements, and contract awards.
The Halifax International Security Forum (HFX), a DC nonprofit focused on strategic cooperation between democracies, has launched the Ukraine Victory Fund. The initiative, which was requested by Kyiv, aims to raise $10M to fund a dedicated satellite constellation (DSC) with Satellogic. “What happens in Ukraine is going to affect all of us,” HFX president Peter […]
Launcher has completed testing of its E-2 liquid rocket engine at NASA Stennis Space Center, the Hawthorne rocket startup announced this morning. The 3-D printed engine reached full thrust capacity during a Thursday test fire. E-2: Launcher is building a closed-cycle, staged-combustion E-2 engine to loft a small-lift rocket currently in development. The engine runs […]
OneWeb has found another launch provider: NewSpace India, the commercial arm of the Indian Space Research Organization (ISRO). The two have inked a deal to start launching satellites later this year, from the Satish Dhawan Space Centre in Sriharikota, India. Left in the lurch The LEO broadband constellation developer was launching with Roscosmos…until March. Since […]
Ukrainian firm Antonov owns and operates the largest cargo aircraft in the world. A significant portion of the company’s fleet has been grounded or destroyed since Russia’s invasion of Ukraine, leaving many GEO satellites to find other rides to the launch site. Heavy-lift aircraft: Antonov’s large cargo aircraft are some of the only planes in […]
BryceTech has released its 2022 report on the state of space startups. 2021 saw record levels of investment and a record-breaking number of deals funneling into space tech. By the numbers: The startup space sector saw $9B in venture capital investment, an 82% increase YoY. There were 120 total VC deals, up 52% YoY. Overall, […]
Redwire Space (NYSE:RDW), a space infrastructure conglomerate, released its FY2021 and Q4 financial results after the bell on Thursday. The sixth in the rush of space companies that de-SPAC’d in 2021, Redwire began trading on the NYSE in September. The company dabbled on a few key business updates, including its Nov. acquisition of 3D bioprinting […]
ICYMI: SpaceX is hiking up prices for launch, satellite internet, and end user terminals, the company told customers Tuesday (H/T CNBC). The increases are certain to have cascading ripple effects across the space industry, while also affecting the ~250,000 consumers/businesses that use Starlink. The fine text Starlink: The broadband-via-megaconstellation service bumped up the cost of […]
Projected HTS capacity demand in 2030. Graphic: Euroconsult Euroconsult has released the 6th edition of its report on the High Throughput Satellite (HTS) market. The takeaway: Business is booming. The HTS market has seen major growth since 2019, and that growth is expected to continue booming over the next few years. Euroconsult predicts growth in […]
In an absolute plot-twist of a partnership, OneWeb and SpaceX have let bygones be bygones and signed a launch services agreement. OneWeb had an outstanding agreement with Roscosmos through European launcher Arianespace to launch aboard Soyuz rockets. But those satellites became stranded amid sanctions and rising tensions between the West and Russia. A batch of […]
CesiumAstro has raised a $60M Series B, the company announced this morning. Airbus Ventures and Forever Ventures co-led the round, with L3 Harris also making a strategic investment. Previous investors, including Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO, also participated in the round. CesiumAstro 101: The startup’s core product is its steerable, […]
Virgin Galactic (NYSE:SPCE) announced its Q4 and FY 2021 results after market close yesterday. A few key numbers from Q4 results: $141,000 in revenue Losses of 31 cents per share Adj. EBITDA losses of $65M Net loss of $81M The company had $931M in cash, cash equivalents, and marketable securities as of the end of 2021. […]
On Wednesday, the Department of Defense released a report on the state of competition in the defense industrial base (DIB). So, how is the state of competition? Not great, per the report. Synopsis: Since the 1990s, consolidation has hit the aerospace and defense sectors harder than most. There were 51 prime contractors in the ’90s. Now, there […]
