SpaceRyde appears to be shutting its doors. The Canadian launch company building an inexpensive small-lift rocket with a balloon first stage filed for bankruptcy on Friday. The story so far: Over the last few years, SpaceRyde has been building a system that would use a stratospheric balloon to lift the vacuum-optimized Ryder rocket above 99% of […]
Another megaconstellation has cleared a key step toward LEO deployment. On Wednesday, the FCC approved Kuiper’s orbital debris mitigation plan, a significant regulatory hurdle that has been keeping Amazon’s broadband constellation out of the sky. The story so far: Amazon has taken a long, winding road with Kuiper. In 2020, the FCC approved the constellation, […]
On Thursday, SpaceX conducted a full-duration static fire test of 31 Raptors on Starship’s massive first-stage booster. It was SpaceX’s first attempt at simultaneously firing all 33 engines on Super Heavy, said booster, from the Orbital Launch Mount in Starbase, TX. The test set a new world record for thrust, as noted by NASASpaceFlight’s Chris Bergin. Why […]
The brave new world of large language models (LLMs) has finally dealt us a space angle. This week, accompanying a Paris event to preview its new Bard chatbot, Google released an ad about the ChatGPT competitor. The issue? Bard confidently shared an incorrect answer about JWST. The incorrect answer, first shared Monday but widely circulated […]
This morning, Maxar ($MAXR) announced that it has won a contract worth $192M over five years to supply American allies with high-res optical, SAR and 3D imagery. The National Geospatial-Intelligence Agency (NGA) award falls under the Foreign Commercial Imagery Program. The indefinite delivery, indefinite quantity contract will see the US and its allies tap data […]
Exotrail has raised $58M, the French space logistics provider announced this week. The startup will tap the funds to fuel: The cap table Bpifrance, a French public investment bank, led the $58M Series B round via its SPI and Innovation Defense Funds. Bpifrance had already backed Exotrail through its F3A and Digital Venture investment vehicles […]
Busek has its sights set on ramping up production. The propulsion company announced yesterday that it has fully commissioned its thrusters on 80 OneWeb satellites that launched in December and January. “The space community often talks about rapid response and the need for speed, and this is a great example of preparedness, and fast, high-quality […]
On Wednesday morning, shareholders are set to vote on Intuitive Machines’s reverse merger with Inflection Point Acquisition Corp ($IPAX), a Nasdaq-listed SPAC. If investors vote to approve the de-SPAC, the combined entity will be listed under the new ticker symbol $LUNR. SPAC facts, at a glance Intuitive Machines, headquartered in Houston, announced its intentions to […]
Seraphim, a leading space VC, has published its 2023 market map, detailing the state of innovation in the in-space economy with an eye on the year ahead. “As the in-space economy takes off, major players in the industry are positioning themselves to capture a slice of the burgeoning market,” Seraphim VP Maureen Laverty said in […]
On Thursday, the Pentagon announced that it is tracking a high-altitude surveillance balloon over the continental US. The balloon is suspected to be Chinese in origin. Based on the fact patterns, we’re not really rushing to conclusions when we say Washington has a high level of analytic confidence that the balloon is definitely Chinese in […]
This week, Orbital Sidekick announced a $10M raise from a group of strategic and existing investors. Energy Innovation Capital led the round, with energy firms Williams and ONEOK participating. The University of Minnesota’s endowment fund, 11.2 Capital, Syndicate 708, and In-Q-Tel also joined the round. Six-year-old, SF-based Orbital Sidekick is preparing to launch a six-bird […]
The Exploration Company has closed a €40.5M Series A. The round follows a €5.3M seed round, closed in November 2021. The Franco-German startup is developing a reusable space capsule, Nyx, that will fly science missions, resupply space stations, and, with any luck, eventually, take crews to and from orbit. The vehicle is designed to carry […]
