Equities

Sidus Acquires Exo-Space

Sidus Space ($SIDU) announced yesterday that it has acquired Exo-Space, an AI computing startup focused on space applications. Sidus said the deal will help it to bolster its talent pool, secure contracts, advance its tech, and integrate edge computing with its satellite sensors. “This transaction provides the opportunity for us to enhance our presence in […]

Equities

Space SPACs Q2 Earnings Roundup

Five space companies gave their second quarter financial update this week. Here are the highlights: Astra ($ASTR): The company reported $36.7M of free cash flow burn in Q2, reducing the company’s cash in the bank to $26.3M.  Astra is rapidly restructuring its businesses as it enters the homestretch in its race against cash burn. The […]

Equities

Space Businesses Report Q2 Earnings, SPAC Edition

Earnings season is in full swing, with several closely-watched companies reporting financial results this week. Here’s our high-level takeaway on what you need to know.  Rocket Lab ($RKLB): While a number of space SPACs are just trying to keep their heads above water, Rocket Lab continues to be a bright spot. The company executed three […]

BusinessDebrisEquitiesVC/PE

Benchmark Clinches $33M, Launches Autopilot for Satellites

Benchmark Space Systems, the Burlington, VT-based propulsion systems provider, is keeping busy. This week, the company announced a $33M Series B funding round, unveiled new digs, and debuted a brand-new satellite autopilot product called SmartAIM. Benchmark’s Series B Benchmark announced this morning that it’s closed a $33M Series B to speed up the process of […]

Equities

Aerospace and Defense Primes Q2 Earnings Roundup

It’s not that kind of prime day. Earnings season is in full swing and today, we’re diving into coverage of three primes, including L3Harris’ acquisition of Aerojet Rocketdyne,  Boeing’s Starliner drag, and Northrop’s growing space division. L3Harris 🤝 Aerojet Rocketdyne $LHX announced it will close its $4.7B Aerojet Rocketdyne acquisition as soon as today. “We […]

BusinessEquitiesVC/PE

Space DOTS Raises $1.5M Pre-Seed

Space DOTS, a UK-based advanced materials testing startup, wants to revolutionize the way the aerospace industry qualifies new materials for use in space.  The company announced the closing of a $1.5M pre-seed round this morning to build out its mini on-orbit laboratory tech. Boost VC, Sie Ventures, 7Percent Ventures, Blue Wire Capital, and angel investors […]

BusinessEquitiesVC/PE

Exclusive: Leaf Space Closes €20M Series B

Leaf Space, an Italian ground-segment-as-a-service provider, has closed a €20M ($22.1M) Series B as well as an additional €15M ($16.6M) in venture debt through a European Investment Bank loan.  Leaf Space 101 CEO Jonata Puglia and CSO Giovanni Pandolfi founded the company in 2014 to provide an end-to-end, easy-to-use solution for satellite operators to send […]

BusinessEquitiesGEO

ViaSat-3 Experiences Major Issue During Reflector Deployment

The recently-launched ViaSat-3 Americas satellite has hit a major snag.  Viasat ($VSAT) announced yesterday that an “unexpected event” occurred during the deployment of the satellite’s massive reflector that may degrade the performance of the communications satellite, which was supposed to grow the company’s broadband business in the Americas. “We’re disappointed by the recent developments,” said […]

EquitiesLEOSatcom

AST SpaceMobile Raises $59.4M, Stock Craters

AST SpaceMobile ($ASTS) stock plunged nearly 30% this week after the cash-strapped company announced Tuesday it had raised $59.4M in a steep discount public offering.  The satellite manufacturer sold 12.5M shares at ~$4.75 a pop, well below the ~$6.50 price tag the shares were trading at before the offering. Space → Mobile: The Odessa, TX-based […]

BusinessEquities

Ramon.Space Raises $26M

Space computing company Ramon.Space closed a $26M strategic financing round, just on the heels of finalizing a key manufacturing partnership with Foxconn subsidiary, Ingrasys, the company announced this morning. Ingrasys and the UAE Strategic Development Fund provided the bulk of the financing, with some participation from existing investors. Ramon.Space has raised more than $45M so […]

BusinessEquities

Exclusive: Continuum Announces $3M Seed Round

Continuum Space Systems announced today that it has closed a $3M seed round, bringing the company’s total fundraising to more than $6M. Continuum’s mission: The startup, which was established in 2021, offers customers a cloud-based platform to take care of many of the logistics required to quickly get customers to space. Customers can come to […]

EOEquities

Danti Emerges From Stealth With $2.75M Pre-Seed Round

Danti is emerging from stealth today with the announcement of a $2.75M pre-seed funding round, according to a release shared with Payload. What is Danti? The startup, which was founded this year, seeks to make the huge amount of EO information collected in space and from other sources easier to use. The company is building […]