Tag: funding
-
NASA Weighs Reducing ISS Crew and Research Amid Budget Constraints
NASA is considering scaling back the size of its International Space Station (ISS) crew and limiting research activities due to ongoing budget pressures, even before proposed cuts outlined in the U.S. government’s fiscal year 2026 request take effect. Speaking at a May 20 press briefing about the upcoming Ax-4 private astronaut mission, Dana Weigel, ISS…
-
PiLogic Raises $4 Million to Bring AI Diagnostics Onboard Satellites
California-based startup PiLogic has secured $4 million in seed funding to advance artificial intelligence tools designed to diagnose and mitigate satellite issues in orbit, the company announced on Wednesday. PiLogic’s flagship technology, an AI-driven diagnostics model for satellite electrical power systems, is set to launch later this year aboard a customer spacecraft, founder and CEO…
-
ESA to Seek Funding for Satellite Security System, Signaling Shift Toward Defense
The European Space Agency (ESA) plans to request funding from member states in November for a high-frequency Earth observation satellite system aimed at supporting security and resilience, marking a significant departure from the agency’s traditional civil mission. Josef Aschbacher, ESA’s director general, said in an interview aired by Friends of Europe that the request follows…
-
South Korea’s New Space Agency Outlines Ambitious Spaceflight Goals
South Korea’s newly established Korea Aerospace Administration (KASA) is setting ambitious goals in spaceflight as it aims to act as the “control tower” for the nation’s expanding space endeavors. The Committee on Space Research (COSPAR) 45th Scientific Assembly provided a platform for KASA to present its plans to an international audience, just under two months…
-
South Korea’s New Space Agency Outlines Ambitious Spaceflight Goals
South Korea’s newly established Korea Aerospace Administration (KASA) is setting ambitious goals in spaceflight as it aims to act as the “control tower” for the nation’s expanding space endeavors. The Committee on Space Research (COSPAR) 45th Scientific Assembly provided a platform for KASA to present its plans to an international audience, just under two months…
-
Lumen Orbit, a Seattle-area startup that wants to put data centers in space, raises $11M
Lumen Orbit’s co-founders are, from left, CEO Philip Johnston, chief technology officer Ezra Feilden and chief engineer Adi Oltean. (Lumen Orbit Photo) Bellevue, Wash.-based Lumen Orbit, a startup founded earlier this year, raised $11 million to fuel plans to put data centers in space that power technology and AI services back down on Earth. The seed…
-
ESA Advances Apophis Mission Despite Funding Gaps
The European Space Agency (ESA) has approved preliminary work for the Ramses mission to the asteroid Apophis, maintaining its development timeline despite incomplete funding. ESA’s space safety program, which includes planetary defense, gave the green light on July 16 for the Ramses mission to proceed, ensuring it stays on track to visit Apophis before its…
-
France Awards Thales Alenia Space Contract for Satellite Capture and Inspection Mission
France has contracted a consortium led by Thales Alenia Space to develop a mission aimed at capturing and inspecting a small satellite. This demonstration mission is slated for launch towards the end of the decade. Supported by undisclosed funding from the French space agency CNES and state-owned investment bank Bpifrance, the mission will employ two…
-
MinoSpace Raises $137 Million to Expand Satellite Production and Technology
MinoSpace, also known as Beijing Weina Star Technology Co., Ltd., announced on June 24 that it has secured more than $137 million in funding, positioning itself as a prominent player in China’s commercial space sector. The funding round was led by Wuxi Economic Development Zone Shangxian Industry Investment Fund, managed by SIP Oriza PE Fund…
-
Europe Urged to Boost Space Industry Funding to Avoid Missing Growth Opportunities
Europe must enhance its capital allocation strategies for the space industry to capitalize on burgeoning early-stage investments, cautioned Bogdan Gogulan, CEO of Luxembourg-based private equity firm NewSpace Capital. Recent findings from the European Space Policy Institute (ESPI) reveal that Europe averaged 96 investment deals annually for space companies over the past three years, trailing slightly…