Terran Orbital Releases Q3 Results
Last week, Terran Orbital ($LLAP) announced that Lockheed Martin ($LMT) had invested $100M into the business, upping the prime’s stake from 9.4% to 33.5%. Yesterday, Terran released its Q3 results, giving us a closer look into how the business is doing. The business outlook Last quarter, Terran Orbital brought in $27.8M in revenue, higher than…
Deutsche Bank Initiates Coverage of $PL and $BKSY
Deutsche Bank has initiated coverage on Planet ($PL) with a $7 price target and BlackSky ($BKSY) with a $3 target, issuing buy ratings on both companies, according to a note seen by Payload. Why EO? Space technology is a difficult and capital-intensive endeavor, which raises red flags for risk-averse investors (and especially when frothy markets…
Cognitive Space Wins Two DoD Contracts
Cognitive Space inked a pair of contracts with the Pentagon on Tuesday to automate and improve how quickly information can be shared in space. A first The SBIR Phase I contract with the Space Development Agency is the company’s “first engagement” with the Space Force office focused on quick development cycles and proliferated constellations, Cognitive…
Election Day 2022: What We’re Watching
Happy Election Day to US readers. Hope you all are already sporting your “I voted” stickers. While we won’t know results for hours (or even days), these are the close races among space committee members that we’ll be watching as results roll in (with predictions c/o FiveThirtyEight and Cook Political Report): On the other side…
Euroconsult Releases Space Exploration Report
Expect new players in the spacefaring game, says Euroconsult. Analysts from the space market intelligence firm have released their third annual report on the state of space exploration. Gone are the days when only a few major powers monopolized spacefaring—instead, Euroconsult sees a future where many more nations are active participants and investors in space…
Trade Groups; Industry Look Ahead to Space Council Sessions
Trade groups are urging the White House to use a “light touch” to regulate new orbital sectors, ahead of companies making their own appeals later this month. Mike French, VP for space systems at the Aerospace Industries Association, said AIA is working with members to help shape the process by which industry receives authorization for…
FCC Announces Space Bureau
The Federal Communications Commission is building a new home for space activities. Last week, FCC Chairwoman Jessica Rosenworcel revealed a new plan to split the International Bureau into two distinct offices: the Office of International Affairs and the Space Bureau. The thought process: “A new Space Bureau at the FCC will ensure that the agency’s…
NOIRLab Identifies Three “Planet Killer” Asteroids
Peering through the light-warping haze of the atmosphere at twilight, astronomers made a rare discovery: Three huge near-Earth asteroids, each capable of causing the next mass extinction event on Earth. Now, before I get ahead of myself, these asteroids aren’t headed for Earth. Two of the three will orbit completely inside Earth’s orbit, never crossing,…
Some Key Space Advocates Are Leaving Congress in 2023
The looming departure of national security space champions from Capitol Hill is expected to leave a vacuum as the Space Force approaches its third birthday, but experts say more junior members are waiting in the wings for their shot to drive military space policy. One of the community’s biggest losses is Rep. Jim Cooper (D-TN),…
Pitchbook Releases $$$ Invested Into Space Companies So Far This Year
Despite deteriorating economic conditions on Earth—and plenty of reasons to be bearish on the sector—space tech is set to have a banner year in VC funding. Global venture investment into space startups totals ~$6.2B billion this year, according to a recent PitchBook tally (the data runs through Oct. 24). That’s roughly the same amount as…
Why Apex Believes the Satellite Bus Sector Is Ripe for Innovation
Apex recently announced itself to the world with a $7.5M seed round led by Andreessen Horowitz. The startup seeks to manufacture 100-kilogram class satellite buses that can support ~100 kg of payload. Its first product is called Aries. Last month, Payload caught up with Apex Cofounder and CEO Ian Cinnamon. He previously founded Synapse, a…
Isar Adds Another Space Tug to Manifest
Exotrail has signed a launch services agreement with Isar Aerospace. The German launcher will conduct the flights on its forthcoming, two-stage Spectrum rocket from Norway’s Andøya Space and the Guiana Space Center in French Guiana. More about Exotrail The French space mobility startup offers last-mile transportation for satellites aboard its spacevan vehicle as part of…
