Stories on space business, including company updates, funding announcements, and contract awards.
Japanese communications and entertainment giant Sony has opened the doors to a new business: Sony Space Communications. The new San Mateo, CA-based business plans to begin developing laser optical communications tech for small satellites in LEO. This isn’t Sony’s first venture into space tech. Since 2016, the company has worked with JAXA on optical communications […]
Swiss-based Internet of Things (IoT) network operator Astrocast has agreed to acquire Netherlands-based IoT-as-a-Service provider Hiber. The deal comes as Astrocast preps for a second IPO. “Hiber’s focus on satellite-enabled IoT solutions, innovation, and production aligns with Astrocast’s strategic go-to-market priorities for 2022 and beyond,” said Astrocast CEO Fabien Jordan. “We’re excited to welcome Hiber […]
Yesterday, The Everyday Astronaut (aka Tim Dodd) published his latest Starbase tour and video Q+A with Elon Musk. The two journey to the top of the giant, 143-meter robotic chopsticks tower built to catch Starship, taking in the impressive views of Starbase and talking about the super-heavy launch vehicle and the other goings-on at SpaceX. […]
Citi released a report earlier this month titled “Space: The Dawn of a New Age.” The bank’s GPS group sizes up the commercial space market and forecasts that the sector will generate $1 trillion in annual sales by 2040. Big, if true…the shiny trillion-dollar number would represent a 5% compound annual growth rate from $370B […]
Spire ($SPIR) announced this morning that it will launch five satellites with SpaceX on the forthcoming Transporter-5 rideshare mission from Florida. What’s notable is the degree to which the company is playing up its space services business. The business unit will have satellites and payloads onboard Transporter-5 for Hancom inSpace, a Korea Aerospace Research Institute […]
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 […]
