Tag: Aerospace Industry
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Lockheed Martin Wins $514 Million Contract for Two Additional GPS IIIF Satellites
Lockheed Martin has secured a $514 million contract from the U.S. Space Force to build two additional Global Positioning System (GPS) IIIF satellites, expanding the company’s total commitment under the program to 14 spacecraft. The award covers GPS IIIF Space Vehicles 23 and 24 and supports ongoing efforts to modernize the GPS constellation as older…
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SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.77 Trillion Valuation
SpaceX has completed the largest initial public offering (IPO) in U.S. history, raising $75 billion and achieving a market valuation of approximately $1.77 trillion as the company prepares to begin trading on the Nasdaq. The offering was priced at $135 per share, with investors purchasing 555.56 million shares. The transaction surpasses the previous global IPO…
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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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Apex Space Raises $200 Million at $2.3 Billion Valuation to Expand Satellite Manufacturing
Satellite manufacturer Apex Space has secured $200 million in new funding at a valuation of $2.3 billion, as the company accelerates plans to expand production capacity and strengthen its position in the growing space infrastructure market. The funding round was led by Glade Brook Capital Partners, with participation from Washington Harbour Partners and a mix…
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SSC Space Launches SubOrbital Express-5 Mission Carrying 12 Microgravity Experiments
SSC Space successfully launched its SubOrbital Express-5 mission on 31 May from the Esrange Space Centre in northern Sweden, carrying 12 scientific and commercial experiments designed to operate in microgravity conditions. The sounding rocket reached an altitude of approximately 260 kilometres and provided researchers with around six and a half minutes of microgravity during the…
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Blue Origin Targets New Glenn Return to Flight Before End of 2026 After Launch Pad Explosion
Blue Origin plans to return its New Glenn rocket to flight before the end of 2026 despite an explosion last week that generated shockwaves reportedly comparable to a small earthquake and caused damage at the company’s launch complex. Following an assessment of Launch Complex 36A and surrounding infrastructure, Blue Origin Chief Executive Officer Dave Limp…
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Applied Aerospace & Defense Raises $650 Million in NYSE Debut
Applied Aerospace & Defense began trading on the New York Stock Exchange on Wednesday after launching an initial public offering of 32.5 million shares designed to raise approximately $650 million. The company was formed through the merger of aerospace suppliers Applied Aerospace and PCX Aerosystems, which were both previously owned by private equity firm Greenbriar…
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Impulse Space Raises $500 Million to Expand In-Space Transportation Business
Impulse Space has raised $500 million in a Series D funding round, bringing the company’s total funding to more than $1 billion since its founding five years ago. The California-based company said the new capital will support hiring, expand vehicle development programs and help meet growing demand for in-space transportation services. Growing Demand for Space…
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NASA Declares MAVEN Mars Mission Ended After Spacecraft Falls Silent
NASA has officially declared the end of its MAVEN mission after the spacecraft orbiting Mars became unresponsive and could not be recovered following a communications loss that began in December. The agency confirmed the mission’s conclusion on Wednesday, bringing to a close more than a decade of scientific observations of the Red Planet. Contact Lost…
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Venturi Space Raises Toulouse Facility Investment to €250 Million
Venturi Space has increased its planned investment in a new manufacturing and technology facility in Toulouse, France, to €250 million, up from the €100 million originally announced earlier this year. The Monaco-based space technology company said the expanded investment will support the development and production of technologies for lunar and Martian mobility systems, including rover…