Tag: Space Technology
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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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Juno Propulsion Raises $1.4 Million to Advance Rotating Detonation Engine for Spaceflight Demonstration
Juno Propulsion has secured $1.4 million in pre-seed funding to support the development of its first flight-ready rotating detonation engine (RDE), known as Project Iris, ahead of a planned in-orbit demonstration mission in 2027. The investment round was led by SOSV, with participation from Hypernova, Leslie Ventures, Activate, Collab Fund, Safar Partners, and Cape Fear…
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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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Axiom Space and Prada Unveil Advanced Cooling Garment for Future Moon Missions
Axiom Space and Prada have unveiled a new Liquid Cooling and Ventilation Garment (LCVG) designed for astronauts who will wear the Axiom Extravehicular Mobility Unit (AxEMU) spacesuit during future lunar missions. The garment serves as the high-performance inner layer of the AxEMU spacesuit and is intended to help astronauts withstand the harsh conditions of the…
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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…
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ICEYE Raises €450 Million at Valuation Exceeding €10 Billion in Major Defence and Space Funding Round
Finnish space technology company ICEYE has raised €450 million in a Series F funding round, valuing the company at more than €10 billion and marking one of the largest private financings in Europe’s defence and space sectors. The funding round was led by General Atlantic and includes participation from a group of new and existing…
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Telefónica Germany and OQ Technology Test Direct-to-Device Satellite Connectivity
Telefónica Germany has partnered with Luxembourg-based satellite operator OQ Technology to test direct-to-device (D2D) satellite communications, marking a step toward integrating satellite connectivity with conventional mobile networks. The companies are conducting trials in Mecklenburg-Western Pomerania, Germany, using Telefónica Deutschland’s frequency spectrum to evaluate two-way text messaging and voice communication directly between satellites and standard mobile…
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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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AstroForge Completes DeepSpace-2 Spacecraft Ahead of Asteroid Rendezvous Mission
Asteroid mining startup AstroForge has completed assembly of the major flight hardware for its DeepSpace-2 spacecraft, positioning the mission for launch later this year as the company pursues its goal of demonstrating asteroid rendezvous capabilities in deep space. The spacecraft is scheduled to launch aboard a SpaceX Falcon 9 rocket alongside Intuitive Machines’ IM-3 lunar…