Tag: Space Technology
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STMicroelectronics Targets $3 Billion in Space Revenue on Growing LEO Demand
STMicroelectronics expects to generate more than $3 billion in revenue from its space-related business over the next three years, driven by growing demand in low-Earth orbit (LEO) satellite programs and continued collaboration with SpaceX. Speaking during a virtual presentation, Remi El-Ouazzane, president of Microcontrollers, Digital ICs and RF Products at STMicroelectronics, said the company’s LEO-related…
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Starcloud Seeks $200 Million Funding as Orbital Data Center Ambitions Grow
Orbital data center startup Starcloud is seeking to raise at least $200 million in new funding, a move that could double its valuation to around $2.2 billion, according to a source familiar with the matter. The funding discussions, first reported by The Information, come about a month after the Redmond, Washington-based company announced a $170…
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Spaceflux Raises £3.5 Million to Extend Seed Round and Expand Globally
UK-based Spaceflux has raised an additional £3.5 million in funding, extending its seed round to a total of £9 million (approximately €10.4 million), as the company seeks to expand its presence in global markets. The funding extension was led by existing investor Blackfinch Ventures, with participation from current backers and a new investment from SPARX…
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Starcloud Raises $170 Million to Advance Orbital AI Data Center Plans
Starcloud Inc., a startup developing space-based artificial intelligence infrastructure, said it has raised $170 million in a new funding round that values the company at $1.1 billion, as interest grows in alternatives to terrestrial data centers. The funding was secured in two tranches, with Benchmark leading the first and co-leading the second alongside EQT Ventures.…
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Arkadia Space Secures €14.5 Million EU Funding to Advance Green Satellite Propulsion
Arkadia Space has secured €14.5 million in funding from the European Innovation Council Accelerator programme, as it works to commercialise a more environmentally friendly satellite propulsion system. The funding package includes a €2.5 million grant, €6 million in equity investment from the EIC Fund, and approximately €6 million from private investors. The support underscores the…
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Xona Space Systems Raises $170 Million to Develop GPS Alternative Satellite Network
Xona Space Systems has raised $170 million in a Series C funding round to accelerate development of its satellite navigation system designed as an alternative to GPS. The round was led by Mohari Ventures Natural Capital, with participation from Samsung Next, ICONIQ and other institutional investors. Xona is developing a satellite constellation called Pulsar, which…
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Firefly Aerospace Launches Alpha Flight 7, Tests Block II Upgrades Ahead Of Next Mission
U.S. space and defense company Firefly Aerospace successfully launched its Alpha Flight 7 “Stairway to Seven” mission, sending a demonstrator payload for Lockheed Martin into orbit while testing upgrades planned for the rocket’s next configuration. The Firefly Alpha rocket lifted off from Space Launch Complex 2 at Vandenberg Space Force Base at 5:50 p.m. PDT…
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Impulse Space Opens Colorado Facility to Support In-Orbit Mobility Spacecraft
Impulse Space has opened a 20,000-square-foot manufacturing facility in Louisville, Colorado, expanding its footprint in the state and strengthening the region’s growing space technology cluster. The new site, located at 2000 S. Taylor Ave. in Boulder County, will focus on the development of guidance, navigation and control (GNC) systems for the company’s Mira and Helios…
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Infinite Orbits Acquires UK-Based Lúnasa Space to Expand In-Orbit Servicing Capabilities
French space services company Infinite Orbits has acquired UK-based Lúnasa Space, marking the company’s expansion into the United Kingdom and adding capabilities in rendezvous, proximity operations and docking technologies. The acquisition is intended to support the development of Infinite Orbits’ satellite life-extension servicer known as Endurance, which is designed to extend the operational life of…
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UK Space Agency Awards Contracts to Advance In-Orbit Manufacturing
The UK Space Agency (UKSA) has awarded contracts worth more than $1.1 million to three British companies to develop technologies for manufacturing products in microgravity, the agency said. The funding aims to accelerate research into producing advanced materials and medicines in space, where conditions such as microgravity and vacuum can yield higher-quality results than on…