Relm Insurance’s New Policies for New Space
If the space economy is young, then the space insurance market is infantile. While Relm has been insuring space companies since 2023, they’re looking to grow their involvement in the industry.
Business
Stories on space business, including company updates, funding announcements, and contract awards.
ATLAS Raises $15M To Bolster Ground-Station Software Biz
“Some of us joke that we’re actually a software company with a network.”
There Aren’t Enough Satellite Thrusters For The SDA—Yet
Redwire is partnering with propulsion startup Phase Four to commercialize a NASA-designed Hall Effect Thruster.
Rocket Startup ABL Reduces its Workforce
ABL Space Systems announced a round of layoffs late last week, a month after a pad fire destroyed the company’s second RS1 rocket.
SoCal Will Be Space Central With or Without Elon, Experts Say
Elon Musk wants out of California, and he’s threatening to take SpaceX with him.
Loft Orbital Harnesses Desert Power with UAE Sat Venture
The new company will make the nation’s biggest foray into commercial space yet, with plans to ramp production to 50 500-kg satellites per year. Orbitworks plans to secure a facility and have its first satellite in the facility ready to integrate payloads as early as 2025.
The Playbook Behind Lockheed’s Acquisition of Terran Orbital: Payload Research
The seasoned prime outwits the SPAC investors.
Lockheed Finally Buys Terran Orbital
A transaction became inevitable on Monday when Terran reported substantial doubt about its ability to remain afloat.
Apex Unveils GEO Aries Satellite Bus
The base model of the GEO Aries bus—a 200-kg ESPA-class vehicle—will cost $13.5M, substantially less than other products on the market, CEO Ian Cinnamon told Payload. While the new bus seeks to maintain Apex’s commitment to quick delivery, transparent low pricing, and dependability, some things are different in the GEO bus—namely, new radio tech and more hardening against the stronger radiation in GEO.
Intuitive Machines Looks to Grow Nat Sec Business
The company recorded high Q2 2024 revenue, and looks forward to breaking into the national security space sector.
EnduroSat to Expand US Footprint With Denver Office
EnduroSat has five offices across Europe, but 60% of the company’s revenue already comes from the US. The new office in downtown Denver will help them grow their customer base in the country.
Rocket Lab Smashes Revenue Record, Paving the Path to Break Even
The company posted it’s highest ever quarterly revenue, and announced the successful hot fire test of its Archimedes engine, which opens the door for Rocket Lab’s first medium-life launch vehicle, Neutron.