Stories about the Earth Observation industry’s eyes on our planet.
The United Arab Emirates is getting serious about space. On Sunday, the Emirati space agency announced the creation of an AED 3 billion (~$817M) national fund to further nurture and develop the UAE’s budding space industry. The UAE also announced the first project with backing from its new fund: a constellation of SAR (synthetic aperture […]
We’ve made it halfway through 2022. The year has flown by, but it’s been filled with big news and firsts for the space industry. Here’s our recap of the off-Earth goings-on during these last six months. Q1 The year started off with a bang as JWST unfolded successfully, reached its new home a million miles […]
The European Space Agency has inked a €160M ($168M) contract with Airbus UK for the agency’s ninth Earth Explorer mission. The FORUM satellite is slated to launch in 2027 and will measure radiation emitting from the Earth into Space. The science: FORUM (Far-infrared Outgoing Radiation Understanding and Monitoring) will be the first satellite to observe […]
Image: Planet On Tuesday, Planet released its Q1 2023 earnings for the period ending April 30th 2022. Planet’s stock traded down 10% after hours despite record Q1 revenue, likely due to a spike in net loss and a downward adjustment on full-year revenue guidance. The numbers: Planet booked $40M in revenue in the first quarter […]
Last week, NYC-based Cloud to Street announced a partnership with Raincoat, a parametric insurance provider, and Munich Re Group, a major international reinsurer. The three are launching a flood insurance product in Colombia. The national program will make flood insurance policies available to 100,000+ Colombian farmers for the first time. In effect, that means that […]
Tomorrow marks 100 days since Russia began its invasion of Ukraine. Over the course of the last few months, satellite imagery has served as the world’s window into the destruction and tolls of war, providing vital intelligence that the Ukrainian and allied governments and humanitarian groups have used to defend the country and ease human […]
NRO’s NROL-85 launches. Image: SpaceX/NRO. As if Wednesday wasn’t already filled to the brim with space news, the National Reconaissance Office also had to flex on us and announce its “largest-ever commercial imagery contract.” EOCL, imagery, billions of dollars…let’s break it down: The agency awarded Electro-Optical Commercial Layer (EOCL) contracts to BlackSky ($BSKY), Maxar ($MAXR), […]
On Tuesday, the Quadrilateral Security Dialogue—better known as the Quad—met in Tokyo to discuss how to best deter China. Among other things, Pres. Biden and the leaders of Japan, India, and Australia agreed to launch a satellite tracking initiative to fight back against illegal fishing and trading in the Indo-Pacific region. The Quad: The security […]
Spire ($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 […]
Image: Niall David/Momentus Even if most of us may not want to think about financial markets right now, earnings season is in full swing. Let’s run through four results from this week, bucketed into two categories. Space transportation Momentus ($MNTS) reported $0 in Q1 revenue on Monday and a $26M net loss. There’s a lot […]
Satellogic (NASDAQ:SATL) has signed a multiple launch agreement (MLA) with SpaceX covering the deployment of 68 new Earth observation (EO) satellites. The freshly inked MLA succeeds Satellogic’s current one covering 2022 SpaceX launches. On April 1, SpaceX launched five Satellogic satellites to a sun-synchronous orbit on the Transporter-4 rideshare mission. Satellogic says the launch deals […]
Capella Space has raised a $97M Series C, led by NightDragon and joined by existing investors DCVC and Cota Capital. Founded in 2016, the SF-based synthetic aperture radar (SAR) startup has raised $190M total to date and currently operates a constellation of seven small satellites. Those satellites are fitted with Capella’s SAR sensors, which can […]
