Tag: satellite manufacturing
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Lockheed Martin Wins $514 Million Contract for Two Additional GPS IIIF Satellites
Lockheed Martin has secured a $514 million contract from the U.S. Space Force to build two additional Global Positioning System (GPS) IIIF satellites, expanding the company’s total commitment under the program to 14 spacecraft. The award covers GPS IIIF Space Vehicles 23 and 24 and supports ongoing efforts to modernize the GPS constellation as older…
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NewOrbit Raises $18.5 Million to Commercialize Very Low Earth Orbit Satellite Operations
European satellite manufacturer NewOrbit has closed an oversubscribed $18.5 million Series A funding round to accelerate the commercialization of very low Earth orbit (VLEO), a region of space that has historically been considered too challenging for long-term commercial operations. The funding round was led by Voyager Ventures and included participation from several new and existing…
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Alén Space Advances Atlantic Constellation Role as Spanish Satellite Program Enters Production Phase
Alén Space has reached a new milestone in its participation in Spain’s contribution to the Atlantic Constellation (ESCA), following the successful completion of the project’s Critical Design Review (CDR), a key step that allows the program to move into the production phase for satellites and onboard payloads. The Atlantic Constellation is a joint Earth observation…
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Reflex Aerospace Selects Arkadia Space Propulsion System for 2027 Satellite Mission
German satellite manufacturer Reflex Aerospace has selected Spanish startup Arkadia Space to provide the propulsion system for a commercial satellite mission scheduled to launch in 2027, marking the first time Reflex will deploy a chemical-propulsion system on one of its spacecraft. Under the agreement, Reflex’s 200-kilogram satellite will use Arkadia Space’s Triton 5N monopropellant engine…
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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…