Author: starpathwp-production
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Vast Raises $300 Million Series A and Secures $200 Million Debt for Haven Space Station
U.S. space company Vast said it has raised $300 million in a Series A funding round and secured an additional $200 million in debt financing to support development of its Haven commercial space station. The financing brings the company’s total new funding to $500 million and is intended to support production of the Haven station,…
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RFA Moves a Step Closer to Pivotal UK Launch
A long-awaited rocket launch from the U.K. has moved a significant step closer. Rocket Factory Augsburg (RFA) has delivered its first and second stages of the RFA ONE launch vehicle to SaxaVord Spaceport in Scotland. The company is planning to undertake its first test flight this summer. RFA announced the milestone, March. 6. The first…
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PLD Space Raises €180 Million Series C Led by Mitsubishi Electric
Spanish launch company PLD Space has raised €180 million ($209.5 million) in a Series C funding round, bringing its total funding to more than €350 million, the company said. The round was led by Mitsubishi Electric and included investment from the Spanish Ministry of Science, Innovation, and Universities, COFIDES and Nazca Capital. PLD Space said…
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Phantom Space Acquires Vector Launch Assets to Support Daytona Rocket Development
U.S. launch startup Phantom Space has acquired assets and intellectual property from the bankrupt rocket company Vector Launch, in a move aimed at accelerating development of Phantom’s Daytona launch vehicle. The Arizona-based company did not disclose the value of the transaction, but chief executive Jim Cantrell said the acquisition was funded through a previously unannounced…
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ISPTech Raises €5.5 Million Seed Round to Develop Non-Toxic Spacecraft Thrusters
German propulsion startup ISPTech has raised €5.5 million in a seed funding round to expand development and production of spacecraft propulsion systems that use non-toxic fuels. The company said the new capital will help increase its workforce, build an in-house propulsion testing facility and scale production of its propulsion systems from several units annually to…
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European Investment Bank Backs OQ Technology With €25 Million Venture Debt
The European Investment Bank has provided €25 million ($29.5 million) in venture debt financing to Luxembourg-based satellite company OQ Technology to support the expansion of its direct-to-device (D2D) communications network. The financing requires the company to build and launch at least 20 satellites within the next two years. Additional financial terms were not disclosed. The…
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Eutelsat Completes 5 Billion Euro Refinancing Package
Eutelsat has completed its 5 billion euro ($5.8 billion) refinancing plan with the final step of a 1.5 billion euro ($1.7 billion) bond issuance, the company announced Friday. The company said it is working to support the deployment of its OneWeb Low-Earth Orbit (LEO) constellation and strengthen its financial flexibility by accelerating debt reduction. In…
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With Gateway likely gone, where will lunar landers rendezvous with Orion?
Last week, NASA Administrator Jared Isaacman unveiled a major shakeup in the Artemis Program, intended to put the nation on a better path back to the Moon. The changes focused largely on increasing the launch cadence of NASA’s large SLS rocket and putting a greater emphasis on lunar surface activities. Days later, the US Senate…
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UK domestic launch milestone as RFA ONE rocket arrives in Scotland
German aerospace company Rocket Factory Augsburg (RFA) has achieved a significant milestone in its quest to conduct the UK’s first orbital launch, delivering both the first and second stages of its RFA ONE rocket to SaxaVord Spaceport in Scotland’s Shetland Islands. The arrival of the stages marks a key step forward following a setback in…
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Space One’s Kairos Rocket Launch Fails Again on Third Attempt in Japan
Japanese launch startup Space One Co said its Kairos rocket mission ended unsuccessfully on Thursday after the vehicle aborted flight during ascent shortly after liftoff. The third unit of the Kairos rocket lifted off at around 11:10 a.m. local time from Space Port Kii in Kushimoto, Wakayama Prefecture. The company said the rocket terminated its…