Tag: Space Transportation
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Japanese Reentry Startup ElevationSpace Raises $40 Million Series B to Expand Global Operations
Japanese space technology startup ElevationSpace has raised $40 million in a Series B funding round, bringing its total funding to approximately $63.5 million as the company advances its satellite reentry and space transportation technologies. The latest round included participation from existing investors SPARX Asset Management and Beyond Next Ventures, alongside several corporate investors, including automotive…
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ESA Delays Space Rider Drop Test After Anomaly During Helicopter Ascent
The European Space Agency (ESA) has postponed a key drop test of its Space Rider reusable spaceplane after an anomaly occurred during a helicopter-assisted ascent phase in May, delaying the final stage of the vehicle’s landing qualification campaign. ESA confirmed that the incident took place during a two-week test campaign that concluded on May 8,…
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Dawn Aerospace Raises $25 Million to Accelerate Spaceplane and In-Orbit Refueling Programs
Dawn Aerospace has secured $25 million in Series B funding at a post-money valuation of $195 million, providing fresh capital to accelerate development of its Aurora spaceplane and advance plans for in-orbit satellite refueling services. The New Zealand-Dutch space transportation company said the funding round was led by Balerion Space Ventures, with participation from investors…
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ESA Chief Calls for Independent European Human Spaceflight Capability
European Space Agency Director General Josef Aschbacher has called for Europe to establish its own independent human spaceflight capability, arguing that the continent has become overly dependent on decisions made by foreign partners. In an opinion article published on May 18, Aschbacher said recent changes to the United States’ Artemis programme architecture and Europe’s reduced…