Tag: Space Industry
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UK Rocket Builder Orbex in Talks to Sell Business to The Exploration Company
UK-based rocket manufacturer Orbex said it has signed a letter of intent to sell its business to European space logistics startup The Exploration Company, marking a potential consolidation move within Europe’s emerging launch sector. Orbex confirmed on Jan. 21 that negotiations have begun but said all details of the proposed transaction remain confidential. The company…
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Gilmour Space Raises US$145 million to Expand Australia’s Domestic Space Capability
Gilmour Space Technologies has secured A$217 million (US$145 million) in private equity funding to support the next phase of growth in Australia’s domestic space industry, as the company advances plans to deliver sovereign launch and satellite capabilities. The Series E round was jointly led by the National Reconstruction Fund Corporation and Hostplus, with participation from…
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Canada’s Space Industry Urges Faster Defence Procurement in New Policy Paper
Canada’s space industry is urging the federal government to accelerate defence procurement and modernise how it acquires space-based capabilities, as global competition and security demands intensify. Space Canada, an industry advocacy group, released a 17-page position paper on Wednesday outlining recommendations aimed at speeding up procurement and aligning Canada’s approach with international defence trends. The…
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Taiwan Space Agency Awards Avio Launch Contract for FORMOSAT Earth Observation Satellites
Taiwan’s space agency has selected Italian launch provider Avio to deploy four Earth observation satellites under its FORMOSAT programme, strengthening international cooperation in satellite launch services and marking a key step in Taiwan’s expanding space ambitions. The Taiwan Space Agency (TASA) confirmed that Avio will be responsible for launching the FORMOSAT-8C and 8D satellites, as…
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ESA Proposes €22.25 Billion Budget for 2026–2028, Driven by New Security Programme
The European Space Agency (ESA) has proposed a budget of €22.254 billion for the 2026–2028 period, marking a sharp increase from €16.9 billion allocated in the previous three-year funding cycle, as Europe seeks to strengthen both its commercial space sector and its security-related capabilities. A major contributor to the proposed expansion is ESA’s newly created…
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HyPrSpace Secures €21 Million to Advance Baguette One Suborbital Launcher
French launch startup HyPrSpace has raised €21 million in a Series A round to accelerate development of its Baguette One suborbital rocket, which is targeting a first flight in late 2026. The financing increases the company’s total backing to more than €57 million, including earlier funding under the France 2030 initiative. The latest round was…