Business
Stories on space business, including company updates, funding announcements, and contract awards.
Ursa Major Wins USAF TACFI Contract
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…
Space in Africa Releases Industry Report
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 Announces Last-Minute Collision Avoidance Kit
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…
Report: SES, Intelsat in Merger Talks
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 Announces ~$15M Fundraise
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 Acquires Numerica SDA and Seradata
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…
Eutelsat and OneWeb in Merger Talks
Yesterday, Eutelsat confirmed Bloomberg reporting that it is officially in talks to merge with OneWeb. Refresher: OneWeb is building a LEO broadband megaconstellation to rival the likes of Starlink and Kuiper. The UK company has launched 428 satellites (~66% of its planned constellation). France’s Eutelsat, founded in 1977, operates a fleet of 36 GEO satellites…
Who’s Who: Lunar Landers and Rovers
As NASA prepares to send humans back to the moon through its long-awaited Artemis program, it’s taking big steps to encourage commercial lander development. First order of business: CLPS. NASA’s Commercial Lunar Payload Services (CLPS) program is funding 14 separate lander concepts from Astrobotic, Deep Space Systems, Draper Labs, Firefly Aerospace, Intuitive Machines, Lockheed Martin,…
Combating Illegal Fishing with Space-Based Edge Computing
Satellite data can do many things for governments. One under-discussed use case is giving them a leg up against illegal fishing. A team of startups aims to use space-based edge computing to get fishing insights in near real-time. Edge computing = localized computing, in this case on a satellite. Los Angeles-HQ’d Exo-Space will provide their…
Skyrora opens new 55,000-square-foot manufacturing plant
UK-based launch startup Skyrora has new digs: a 55,000-square-foot manufacturing facility that the company says will be capable of producing up to 16 launch vehicles per year. “Opening the UK’s largest rocket engine manufacturing facility is a significant step towards Skyrora achieving the first sovereign orbital launch from British soil,” Skyrora COO Lee Rosen told…
Euroconsult Forecasts Boom in Smallsat Upmass
Euroconsult has released its 8th report on the small satellite market. The TL;DR–the smallsat industry has big things in the works over the next decade. A boom in smallsat upmass The market intelligence firm’s analysis found that ~18,500 satellites weighing <500kg are likely to reach orbit by 2031. That adds up to ~365 tons per…
Kongsberg Acquires Majority Stake in NanoAvionics
This morning, Kongsberg Defense and Aerospace, a Norwegian technology company, announced it has entered into an agreement to acquire a majority stake in NanoAvionics. The deal values the Lithuanian smallsat manufacturer at €65M ($67M). The terms: Kongsberg is taking a 77% stake in the company. The company’s leadership will remain unchanged for now, with CEO…
Inmarsat Releases Survey on the Value of Space
Houston, we have an image problem. Yesterday, Inmarsat released a massive report on the public perception of the space industry. The survey of 20,000 people across 11 countries showed, by and large, a lack of faith in the space industry to solve problems down on Earth or to benefit humanity. The spectacle of it all:…
