Tag: commercial-space
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MDA Space to Acquire Blue Canyon Technologies for $620 Million
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies (BCT) from RTX’s Raytheon business in an all-cash transaction valued at $620 million, or approximately C$874 million. The acquisition is expected to strengthen MDA Space’s position in the growing U.S. government and defense space market while expanding its spacecraft manufacturing capabilities and operational…
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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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Symphony Space Unveils Orbital Data Center Platform With Upgradeable AI Hardware
Virginia-based startup Symphony Space has unveiled a new orbital data center platform designed to support artificial intelligence workloads in space, expanding its ambitions beyond hosted payload services and into the rapidly emerging market for space-based computing infrastructure. The new platform, known as Adagio-XL, builds on the company’s previously announced Adagio hosted payload satellite and is…
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Applied Atomics Emerges From Stealth With $500 Million in Demand Commitments for Space Mobility Network
Space technology startup Applied Atomics has emerged from stealth mode, unveiling plans to develop a new orbital mobility infrastructure platform backed by more than $500 million in demand commitments from prospective customers and partners. The company announced on June 11 that it has secured over $500 million in Letters of Intent (LOIs) and Memoranda of…
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SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.77 Trillion Valuation
SpaceX has completed the largest initial public offering (IPO) in U.S. history, raising $75 billion and achieving a market valuation of approximately $1.77 trillion as the company prepares to begin trading on the Nasdaq. The offering was priced at $135 per share, with investors purchasing 555.56 million shares. The transaction surpasses the previous global IPO…
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Orbital Raises $5 Million to Develop Distributed Space-Based AI Data Center Network
Los Angeles-based startup Orbital has raised $5 million in a pre-seed funding round to support the development of a space-based computing network aimed at providing artificial intelligence processing capabilities from orbit. The funding round was led by Speedrun, the startup accelerator operated by Andreessen Horowitz (a16z), and included participation from a broad group of venture…
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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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NewOrbit Raises $18.5 Million to Commercialize Very Low Earth Orbit Satellite Operations
European satellite manufacturer NewOrbit has closed an oversubscribed $18.5 million Series A funding round to accelerate the commercialization of very low Earth orbit (VLEO), a region of space that has historically been considered too challenging for long-term commercial operations. The funding round was led by Voyager Ventures and included participation from several new and existing…
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Quantum Space to Go Public in $1.2 Billion SPAC Deal Backed by Former NASA Chief Jim Bridenstine
Quantum Space has agreed to go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. VI in a transaction valuing the combined company at approximately $1.2 billion. The deal includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management and is expected to close…