Tag: Aerospace Engineering
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OHB Launches €510 Million Share Offering to Fund Expansion and Strategic Investments
German aerospace and satellite manufacturer OHB has priced a previously announced share offering aimed at raising up to €510.7 million ($585.8 million) to support expansion plans across its space and technology businesses. The company said it will issue up to 1.7 million new shares at a subscription price of €300 per share as part of…
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ESA Delays Space Rider Drop Test After Anomaly During Helicopter Ascent
The European Space Agency (ESA) has postponed a key drop test of its Space Rider reusable spaceplane after an anomaly occurred during a helicopter-assisted ascent phase in May, delaying the final stage of the vehicle’s landing qualification campaign. ESA confirmed that the incident took place during a two-week test campaign that concluded on May 8,…
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PiLogic Expands AI Satellite Monitoring Technology Through AFRL Partnership
PiLogic is advancing its artificial intelligence-powered satellite monitoring technology through a new partnership with the U.S. Air Force Research Laboratory (AFRL), aiming to enhance the resilience and operational reliability of military spacecraft. The Los Angeles-based space technology company is working with AFRL under a Cooperative Research and Development Agreement (CRADA), which allows the two organizations…
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Optera Raises £3 Million to Expand Space Domain Awareness Technology in the UK
Optera has secured £3 million ($4 million) in fresh funding to support its relocation from Australia to the United Kingdom, strengthening its position in the growing market for space domain awareness (SDA) and dual-use sensing technologies. The funding round was led by the UK Innovation & Science Seed Fund (UKI2S), with participation from Blackfinch Ventures,…
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Lockheed Martin Wins $514 Million Contract for Two Additional GPS IIIF Satellites
Lockheed Martin has secured a $514 million contract from the U.S. Space Force to build two additional Global Positioning System (GPS) IIIF satellites, expanding the company’s total commitment under the program to 14 spacecraft. The award covers GPS IIIF Space Vehicles 23 and 24 and supports ongoing efforts to modernize the GPS constellation as older…
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Juno Propulsion Raises $1.4 Million to Advance Rotating Detonation Engine for Spaceflight Demonstration
Juno Propulsion has secured $1.4 million in pre-seed funding to support the development of its first flight-ready rotating detonation engine (RDE), known as Project Iris, ahead of a planned in-orbit demonstration mission in 2027. The investment round was led by SOSV, with participation from Hypernova, Leslie Ventures, Activate, Collab Fund, Safar Partners, and Cape Fear…
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SSC Space Launches SubOrbital Express-5 Mission Carrying 12 Microgravity Experiments
SSC Space successfully launched its SubOrbital Express-5 mission on 31 May from the Esrange Space Centre in northern Sweden, carrying 12 scientific and commercial experiments designed to operate in microgravity conditions. The sounding rocket reached an altitude of approximately 260 kilometres and provided researchers with around six and a half minutes of microgravity during the…
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Blue Origin Targets New Glenn Return to Flight Before End of 2026 After Launch Pad Explosion
Blue Origin plans to return its New Glenn rocket to flight before the end of 2026 despite an explosion last week that generated shockwaves reportedly comparable to a small earthquake and caused damage at the company’s launch complex. Following an assessment of Launch Complex 36A and surrounding infrastructure, Blue Origin Chief Executive Officer Dave Limp…
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Applied Aerospace & Defense Raises $650 Million in NYSE Debut
Applied Aerospace & Defense began trading on the New York Stock Exchange on Wednesday after launching an initial public offering of 32.5 million shares designed to raise approximately $650 million. The company was formed through the merger of aerospace suppliers Applied Aerospace and PCX Aerosystems, which were both previously owned by private equity firm Greenbriar…
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Impulse Space Raises $500 Million to Expand In-Space Transportation Business
Impulse Space has raised $500 million in a Series D funding round, bringing the company’s total funding to more than $1 billion since its founding five years ago. The California-based company said the new capital will support hiring, expand vehicle development programs and help meet growing demand for in-space transportation services. Growing Demand for Space…