Stories about the new players changing the space game.
Space robotics startup GITAI announced yesterday it had raised an additional $15M of funding, bringing its total Series B extension round to $45M after securing $30M in May. The funding for the Japan-based company—which included equity from Green Co-Invest, Pacific Bays Capital, Mitsui Sumitomo Insurance, and a MUFG Bank loan—will be used to expand its […]
Axiom Space raised a $350M Series C round to support growth, the company announced yesterday. The round takes Axiom’s total funding to more than $505M, the company said in a statement. “We are building on the legacy of the International Space Station, leveraging the pillars that were constructed in low-Earth orbit more than two decades […]
When Tom Marotta founded The Spaceport Company last year, he knew he was entering a domain usually reserved for governments or large corporations. “I said I think I want to go build a spaceport,” Marotta told Payload. “Which is a weird thing to say, right? “It’s like saying I want to go build a railroad […]
Space software company Epsilon3 is rolling out a suite of three additional products to help customers better manage their missions from clean room to orbit, the company’s COO told Payload. The backstory: The CA-based startup, which was founded in 2021, builds software that aims to make the complex operations and workflows typically associated with space […]
This year, NASA’s Small Business Innovation Research Ignite program is looking for something new. “We want to market to firms that don’t typically do business with NASA,” engineer Quenton Bonds, who leads the SBIR Ignite program, said. The Ignite program, a two-year-old initiative aimed at helping NASA work with small businesses, is attempting to overhaul […]
Tilebox, a startup building software to host and manage raw satellite data, raised $1.7M in a pre-seed round to build out its team and expand its product offering. “We’re really excited about the space because we see the growth,” Tilebox cofounder Laura Costa told Payload. “The software part of the data management and processing is […]
The emerging fusion energy industry has attracted $6B+ in total investment, including $1.4B raised last year, the Fusion Industry Association (FIA) wrote in its annual state-of-the-market report. Out of 40 fusion startups surveyed by the association, five companies, including Helicity Space, NearStar, Princeton Fusion Systems, and Avalanche, said space propulsion is one of their primary […]
Nearly 20 regional space companies gathered at Blue Origin’s headquarters in Kent, WA, on Wednesday for the Washington State Space Summit. Against the backdrop of the state’s booming space economy, which has more than doubled since 2018, NASA chief Bill Nelson flew in to share the stage with Sen. Maria Cantwell (D-WA), Blue Origin CEO […]
Canada is experiencing its most severe wildfire season on record, with emissions from the fires at their highest levels since satellite monitoring began in 2003. In a bid to help responders better control the spread of wildfires in the future, OroraTech, a startup founded in 2018 as a Technical University of Munich spin-off, aims to […]
Two startups are working together to build the world’s first commercial space-based solar power (SBSP) station which will capture the Sun’s energy in orbit and wirelessly transmit it to Earth for continuous use. Orbital Composites and Virtus Solis announced the MOU yesterday for the station, which will use photovoltaic arrays to collect solar energy in […]
Space security startup True Anomaly debuted its on-orbit and digital range services today, offering customers new options for testing and training. These applications are designed to provide DoD with a controlled training environment for detecting threats, practicing new tactics in orbit, and test space security missions. “Each military service needs a dedicated test and training […]
Euroconsult, a strategy and market intelligence firm specializing in the space sector, has launched a new space investment tracker tool: its Financing & Transactions Database. The subscription-based platform offers a detailed monthly dashboard, providing up-to-date financial insights on private space investment activities. These include publicly disclosed funding operations like equity investments, debt operations, IPOs, SPAC […]
