Tag: funding
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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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Canada’s Space Industry Urges Faster Defence Procurement in New Policy Paper
Canada’s space industry is urging the federal government to accelerate defence procurement and modernise how it acquires space-based capabilities, as global competition and security demands intensify. Space Canada, an industry advocacy group, released a 17-page position paper on Wednesday outlining recommendations aimed at speeding up procurement and aligning Canada’s approach with international defence trends. The…
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Portugal Orders Two Earth-Observation Satellites From Satellogic for Atlantic Constellation
Portugal has commissioned two new Earth-observation satellites from Argentine company Satellogic, strengthening its space-based monitoring capabilities and contributing to a joint Iberian initiative aimed at expanding European-owned orbital infrastructure. Satellogic said on Monday it had signed an $18 million contract with Portugal’s Centre of Engineering and Product Development (CEiiA) to build and deploy two NewSat…
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ESA Proposes €22.25 Billion Budget for 2026–2028, Driven by New Security Programme
The European Space Agency (ESA) has proposed a budget of €22.254 billion for the 2026–2028 period, marking a sharp increase from €16.9 billion allocated in the previous three-year funding cycle, as Europe seeks to strengthen both its commercial space sector and its security-related capabilities. A major contributor to the proposed expansion is ESA’s newly created…
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HyPrSpace Secures €21 Million to Advance Baguette One Suborbital Launcher
French launch startup HyPrSpace has raised €21 million in a Series A round to accelerate development of its Baguette One suborbital rocket, which is targeting a first flight in late 2026. The financing increases the company’s total backing to more than €57 million, including earlier funding under the France 2030 initiative. The latest round was…
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ESA to Centralise Exploration Operations in Cologne With €20 Million Facility
The European Space Agency (ESA) said on Wednesday it will build a new €20 million facility at its European Astronaut Centre (EAC) in Cologne, Germany, as part of a plan to bring all of its human and robotic exploration activities under one hub. The project will relocate part of the Human and Robotic Exploration directorate…
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Canada Boosts ESA Contributions with $528.5 Million Commitment
Canada will significantly increase its financial participation in European Space Agency (ESA) programmes, committing $528.5 million in what the government described as a “tenfold” rise compared with previous contribution levels. Canada is ESA’s only non-European Cooperating State, a status held since 1979 that grants the Canadian Space Agency selective access to ESA optional programmes. In…
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Ursa Major Raises $150 Million to Scale Production of Hypersonic and Advanced Propulsion Systems
Advanced propulsion developer Ursa Major has secured $100 million in Series E equity financing and an additional $50 million in debt funding, giving the U.S. manufacturer fresh capital as it accelerates production of hypersonic engines, solid rocket motors and space mobility technologies. The equity round was led by Eclipse, with participation from new and existing…
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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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IonQ Moves to Acquire Skyloom, Expanding Push Into Space-Based Quantum Networks
IonQ is preparing to acquire Skyloom Global, a specialist in space-based optical communications, in a deal aimed at accelerating the company’s expansion across quantum computing, networking, and sensing technologies. The planned acquisition — revealed by Chairman and CEO Niccolò de Masi during an interview on CNBC — is positioned as a major step toward building…