Tag: Satellite Constellations
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Muon Space Shifts Strategy Toward Satellite Constellations Amid Rising Demand
Satellite manufacturer Muon Space said it is refocusing its business strategy on building constellations rather than one-off spacecraft, as analysts forecast rapid growth in the number of satellites in orbit over the coming decade. Chief Executive Jonny Dyer said the company already has about 20 satellites scheduled for launch within the next 20 months and…
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ISpace Raises $730 Million To Accelerate Reusable Rocket Development
Chinese commercial space company ISpace has raised about 5 billion yuan ($730 million) in a funding round it described as the largest to date for a private aerospace firm in China, as demand for satellite launches surges. The Beijing-based company, formally known as Interstellar Glory Aerospace Science and Technology, said the Series D++ round closed…
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CesiumAstro Raises $470 Million to Expand Satellite Manufacturing and Product Development
Aerospace startup CesiumAstro said on Monday it has raised $470 million to finance manufacturing expansion and product development as demand grows for components used in low-Earth orbit satellite constellations. More than half of the funding came from an equity round led by Trousdale Ventures, with participation from Airbus Ventures, the Development Bank of Japan, and…
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China Space Contractor Targets Space Tourism Within Five Years, State Media Say
China’s main space contractor has pledged to develop space tourism within the next five years, state media reported on Thursday, underscoring Beijing’s efforts to accelerate commercial spaceflight and deepen its technological competition with the United States. State-owned China Aerospace Science and Technology Corporation (CASC) said it aims to “achieve the flight operation of suborbital space…