Global Space Economy Tops $600B For The First Time
The global space economy grew nearly 8% in 2024 to $613B, according to a report released Tuesday by the Space Foundation.
Business
Stories on space business, including company updates, funding announcements, and contract awards.
What’s the Plan for New-Look SES?
European satellite pioneer SES completed its acquisition of US competitor Intelsat, creating a geostationary giant that looks to thrive in a new era of satcom consolidation.
Q&A with Varda’s CEO Will Bruey
Varda Space Industries closed a $187M Series C yesterday. In the wake of the fundraise, Payload sat down with Will Bruey, Varda’s CEO, to discuss how the new funds will be put to use.
ASD-Eurospace’s 2024 Report Suggests a Rocky Future
ASD-Eurospace concluded that 2024 was indeed a banner year for the European space sector on many fronts. Things start to derail, however, when extrapolating data into the future.
EnduroSat Taps SpaceX, Kuiper Veteran to Lead US Business
Thomas is stepping into the US chief executive role as EnduroSat finalizes several new teams and facilities to ramp up the company’s production.
Exolaunch’s European Expansion Continues
If Monopoly made a rocket themed board game, Exolaunch would have a hotel on every space.
AST SpaceMobile and Vodafone Form European JV
The joint venture, called SatCo, said in a statement that it has already received interest from network operators in 21+ European countries.
York Takes Legal Action Against DoD’s SBIR Award to Apex
What’s the purpose of a SBIR award? That’s the question at the heart of a lawsuit York Space Systems has filed against the military, over a contract awarded to fellow satellite builder Apex Space.
OrbitsEdge’s First Mission to Space is a Shoe In
OrbitsEdge’s Edge1 computing module will host a range of AI agents, including the first AI shoe designer in space.
Commercial Space Federation Launches Supply Chain Council
What do penguins and US space industry suppliers have in common? It’s safer for both to travel in packs.
Impulse Space Raises $300M Series C
Less than four years after its founding, the Series C brings Impulse’s total financing to $525M.