Tag: satellite manufacturing
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Apex Space Raises $200 Million at $2.3 Billion Valuation to Expand Satellite Manufacturing
Satellite manufacturer Apex Space has secured $200 million in new funding at a valuation of $2.3 billion, as the company accelerates plans to expand production capacity and strengthen its position in the growing space infrastructure market. The funding round was led by Glade Brook Capital Partners, with participation from Washington Harbour Partners and a mix…
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York Space Systems to Acquire Solar Cell Maker Solestial
York Space Systems has signed a definitive agreement to acquire Solestial as the company continues a broader strategy to strengthen control over key spacecraft technologies and supply chains. Financial terms of the transaction were not disclosed. The acquisition marks York’s third announced deal this year following its planned $355 million acquisition of satellite terminal manufacturer…
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Vast Expands Into Satellite Bus Market With High-Power Spacecraft Platform
Vast said it will enter the satellite bus market with a new high-power spacecraft platform aimed at commercial, Earth observation and national security missions. The company announced plans to offer a 15-kilowatt-class satellite bus designed for high-volume and lower-cost deployment across a range of orbital applications. Vast also said customers will have the option to…
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Creotech targets $118M raise to quadruple satellite output to 40 units
How will Creotech’s $118M expansion reshape European satellite manufacturing? Creotech Instruments plans to raise $118 million to quadruple its satellite production capacity from 10 to 40 units annually by 2029, positioning the Polish company as a major European smallsat manufacturer. The Warsaw-based firm will use the funding to construct a new production facility in Poland,…
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China builds 1,000+ satellite annual capacity amid launch bottlenecks
How fast is China scaling satellite manufacturing capacity? China has built satellite manufacturing infrastructure capable of producing over 1,000 spacecraft annually, representing a 300% increase from 2023 levels, as state-owned enterprises and commercial players race to support ambitious satellite constellation deployments. However, this production surge has created a critical mismatch with launch capacity, as Chinese…
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MDA Space Reports Record 2025 Revenue Driven by Satellite Systems Growth
MDA Space reported record revenue for fiscal year 2025, driven largely by strong demand in its satellite manufacturing business. The Ontario-based company posted annual revenue of CA$1.63 billion ($1.19 billion), representing a 51% increase from the previous year and landing at the upper end of its projected range of CA$1.5 billion to CA$1.65 billion. MDA…
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York Space Systems Debuts on NYSE, CEO Highlights Role in Trump’s ‘Golden Dome’ Defense Plan
York Space Systems began trading as a public company on Thursday, with its founder and chief executive pointing to growing U.S. defense spending and President Donald Trump’s proposed “Golden Dome” missile defense initiative as a major growth opportunity. The Denver-based satellite manufacturer opened trading on the New York Stock Exchange at $38 a share, up…
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Unions Oppose Airbus Plan to Absorb Constellation Satellites Unit
French labour unions are pushing back against Airbus as it moves to consolidate its satellite manufacturing activities, with Airbus Defence and Space set to absorb Airbus Constellations Satellites (ACS). In a statement, the Union Nationale des Syndicats Autonomes (UNSA) described the planned move as “industrial, economic and social nonsense,” arguing that there was no justification…
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Aerospacelab to Build Eight More Satellites for Xona’s Pulsar Navigation Constellation
Aerospacelab has been selected by U.S.-based Xona Space Systems to manufacture eight additional satellites for Pulsar, a low Earth orbit (LEO) navigation constellation aimed at providing high-performance positioning, navigation and timing (PNT) services, the companies said. Under the agreement, the Belgian satellite manufacturer will serve as Xona’s transition manufacturing partner for the initial phase of…