Cislunar

He-3’s All That for Interlune

He-3 is mainly used in security and medical sensors to detect radiation, but it could theoretically be used as fuel for a nuclear fusion power plant.

Research

Payload Research: Detailing Artemis Vehicle R&D Costs

NASA is on pace to exceed $100B of Artemis funding by FY26, according to nominal dollar data from OIG, NASA budgets, and Payload analysis.  The program—which has penciled in its first crewed lunar landing by 2026—is one of the most expensive in NASA history.  The enormous costs largely accrue to development of the mission’s vehicle. […]

Military

The Space Force Cuts Corners

Cut season isn’t ending with NASA: the Space Force’s budget request for FY2025 is ~$600M lower than its last ask for fiscal 2024.

VC/PE

Phantom Raises a Bridge Round

Phantom Space has raised a bridge round of funding to scale up hiring ahead of its first rocket launch next year. Balerion Space Ventures led the round, which also included participation from the Reaser Family Office, KOLH Capital, and a handful of existing and new investors. The new tranche of funding brings the company’s total […]