Tag: Finance
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SpaceX IPO Shares Face Fresh Selling Pressure as Another Lockup Expiration Hits the Market
SpaceX shares came under renewed pressure on Aug. 20 as another major tranche of previously restricted stock became eligible for trading, adding billions of dollars’ worth of potential supply to a market already grappling with post-IPO volatility. The latest lockup expiration released approximately 319 million additional shares for potential sale by eligible insiders and early…
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Interstellar Technologies Raises $130 Million in Series F to Advance Japan’s Private Launch Capabilities
Interstellar Technologies said it has completed 20.1 billion yen ($129.7 million) in Series F financing, one of the largest fundraising rounds to date for a privately held space startup in Japan, as the company accelerates development of its orbital launch vehicle and satellite business. The round was completed through a third-party allotment of new shares…
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SkyFi Raises $12.7 Million to Expand Satellite Imagery and Analytics Platform
Austin-based startup SkyFi has raised $12.7 million in a Series A funding round as demand grows for faster access to satellite imagery combined with analytical insights, the company said. SkyFi operates a digital marketplace that aggregates imagery from more than 50 geospatial data providers, offering customers near real-time satellite images alongside tools that allow users…
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France’s U-Space Raises €24M to Scale Satellite Production and Expand Globally
French satellite manufacturer U-Space has raised €24 million ($27.8 million) in a Series A funding round to expand its satellite production capabilities and grow its international presence. The round was co-led by Blast, the French Armed Forces’ Definvest fund (managed by Bpifrance), and Expansion Aerospace & Defence Ventures, with additional participation from Primo Capital, Karot…
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Geely’s Geespace Launches Global Headquarters Project in Hangzhou
Geespace, the commercial aerospace subsidiary of China’s Geely Holding Group, said it has launched construction of its global headquarters in Hangzhou and signed a strategic cooperation agreement with local investment partners. The deal with Zhejiang Jinkong Investment Management, Hangzhou Capital and Hangzhou High-Tech Venture Capital will support investment and industrial development aimed at building a…
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Astra Space Secures Extension on Loan Amid Funding Negotiations
Astra Space, the launch vehicle and spacecraft propulsion company, has received a four-day extension on a loan from investors as it continues negotiations for a longer-term funding arrangement. JMCM Holdings LLC and SherpaVentures Fund II, LLP provided a bridge loan worth $3.05 million earlier this month, part of a $13.4 million interim financing deal. The…