Tag: Satellite Constellations
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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…