Tag: startup
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FibreCoat and Lofith Composites Partner to Develop Lighter, Stronger Satellite Panel Material
Two European startups, Germany’s FibreCoat and Spain’s Lofith Composites, have teamed up to create a new composite material for satellite panels designed to be lighter, stronger, and more sustainable than conventional materials such as aluminum. The companies plan to demonstrate the thermoplastic composite in orbit next year aboard an undisclosed satellite, with a year-long test…
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Catalyx Space Raises $5.4 Million to Develop Satellite Infrastructure and Reentry Platforms
Startup Catalyx Space has secured $5.4 million in seed funding to accelerate the development of space infrastructure, including satellite buses and reentry platforms. The funding round, led by Outlander VC, also included participation from Arka Venture Labs, Lex Reddy, KDX Management LLC, and several other investors. Founded last year by Rifath Shaarook in India, Catalyx…
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Spanish Startup Kreios Space Secures €8 Million to Advance Very Low Earth Orbit Satellite Technology
Spanish aerospace startup Kreios Space has raised €8 million in a seed funding round to support the launch of a demonstration mission of its air-breathing electric propulsion (ABEP) technology in very low Earth orbit (VLEO) in early 2027. The round was led by the NATO Innovation Fund and JOIN Capital, with participation from Grow Venture…
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NASA Awards $30 Million to Katalyst to Save Swift Observatory with First-of-Its-Kind Docking Mission
NASA has selected Arizona-based startup Katalyst Space Technologies to carry out a short-notice mission aimed at saving the Neil Gehrels Swift Observatory, a $500 million space telescope in low-Earth orbit that has been gradually losing altitude. The U.S. space agency on Wednesday announced a $30 million contract for Katalyst to deploy a modified version of…
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Eutelsat, Skynopy to Test Use of OneWeb Ground Stations for Earth Observation Data
European satellite operator Eutelsat said it will work with French startup Skynopy to explore selling unused capacity from its OneWeb ground stations to Earth observation operators. The initiative will start with tests on Ka-band antennas across OneWeb’s 42 gateway sites worldwide. “Any LEO ground station network has, by nature, idle time on its ground stations,”…
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Zeno Power to Acquire Nuclear Waste for Long-Duration Space Missions
Zeno Power has signed an agreement with French nuclear fuel cycle manager Orano to acquire Americium-241, an isotope the U.S. startup plans to repurpose for powering long-duration and deep-space missions. The company said it will make a “multi-million-dollar” annual payment to Orano for the supply, which will be sourced from the firm’s recycling site in…
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Impulse Space Raises $300 Mln to Scale In-Space Transport, Develop Electric Propulsion
In-space transportation startup Impulse Space has raised $300 million in a Series C funding round to expand vehicle production and develop electric propulsion technologies, the company said on Monday. The round was led by new investor Linse Capital, with additional participation from DFJ Growth and existing backers. The fundraising, described by the company as a…
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Voyager Technologies Targets $1.6 Bln Valuation in NYSE IPO
Voyager Technologies, a U.S.-based space and defense company, launched its initial public offering (IPO) on June 2, aiming for a valuation of up to $1.6 billion, the company said. The six-year-old firm is offering 11 million shares of its Class A common stock, priced between $26 and $29 apiece. Underwriters have a 30-day option to…
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China’s Astronstone Secures $14 Million to Develop Stainless Steel Reusable Rocket Modeled on SpaceX Starship
Astronstone, one of China’s newest commercial space startups, announced it has raised over 100 million yuan ($13.9 million) in early-stage funding to develop a stainless steel, reusable rocket inspired by SpaceX’s Starship system. Founded in mid-2024, Astronstone is developing its AS-1 launch vehicle, a 70-meter tall, 4.2-meter diameter rocket powered by a customized version of…
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China Accelerates AI Push with Ground and Space-Based Infrastructure, U.S. Struggles to Counter
China is advancing a state-driven campaign to dominate global artificial intelligence through an expanding network of domestic data centers and an emerging space-based computing architecture, according to a new report. The report, titled “China’s AI Infrastructure Surge,” was published by the Special Competitive Studies Project and Strider Technologies. It describes how Beijing is coordinating with…