Tag: Space Industry
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MDA Space to Acquire Blue Canyon Technologies for $620 Million
MDA Space has signed a definitive agreement to acquire Blue Canyon Technologies (BCT) from RTX’s Raytheon business in an all-cash transaction valued at $620 million, or approximately C$874 million. The acquisition is expected to strengthen MDA Space’s position in the growing U.S. government and defense space market while expanding its spacecraft manufacturing capabilities and operational…
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Optera Raises £3 Million to Expand Space Domain Awareness Technology in the UK
Optera has secured £3 million ($4 million) in fresh funding to support its relocation from Australia to the United Kingdom, strengthening its position in the growing market for space domain awareness (SDA) and dual-use sensing technologies. The funding round was led by the UK Innovation & Science Seed Fund (UKI2S), with participation from Blackfinch Ventures,…
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Applied Atomics Emerges From Stealth With $500 Million in Demand Commitments for Space Mobility Network
Space technology startup Applied Atomics has emerged from stealth mode, unveiling plans to develop a new orbital mobility infrastructure platform backed by more than $500 million in demand commitments from prospective customers and partners. The company announced on June 11 that it has secured over $500 million in Letters of Intent (LOIs) and Memoranda of…
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SpaceX Unveils AI1 Orbital Computing Satellite Ahead of Planned IPO
SpaceX has revealed plans for a new satellite designed to function as a data center in orbit, marking a significant expansion beyond the company’s traditional focus on communications and launch services. The spacecraft, called AI1, is intended to serve as the first generation of a future constellation of computing satellites capable of processing artificial intelligence…
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Isar Aerospace Raises €270 Million to Scale Spectrum Rocket Production and Expand Global Launch Network
German launch services company Isar Aerospace has secured a €270 million Series D funding round to accelerate global expansion, increase production of its Spectrum launch vehicle and strengthen sovereign space capabilities for Europe, NATO members and allied nations. The company said the new capital will support the worldwide scaling of its operations and the ramp-up…
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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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Quantum Space to Go Public in $1.2 Billion SPAC Deal Backed by Former NASA Chief Jim Bridenstine
Quantum Space has agreed to go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. VI in a transaction valuing the combined company at approximately $1.2 billion. The deal includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management and is expected to close…
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NASA Names Four-Astronaut Crew for Artemis III Docking Mission with SpaceX and Blue Origin Landers
NASA has selected three American astronauts and one European astronaut to fly on Artemis III, a landmark mission scheduled for late 2027 that will conduct the first in-space docking demonstrations between NASA’s Orion spacecraft and lunar landers developed by SpaceX and Blue Origin. NASA Administrator Jared Isaacman announced the crew during a ceremony in Houston…
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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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NASA Plans Headquarters Relocation as Agency Reorganization Moves Forward
NASA is preparing to relocate its headquarters as part of a broader organizational restructuring effort, with agency officials aiming to identify a new location by the end of 2026. The move comes as the lease on NASA’s current headquarters complex in Washington, D.C., is scheduled to expire in 2028. The agency has occupied the leased…