Tag: Aerospace
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Applied Atomics Emerges From Stealth With $500 Million in Demand Commitments for Space Mobility Network
Space technology startup Applied Atomics has emerged from stealth mode, unveiling plans to develop a new orbital mobility infrastructure platform backed by more than $500 million in demand commitments from prospective customers and partners. The company announced on June 11 that it has secured over $500 million in Letters of Intent (LOIs) and Memoranda of…
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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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Orbital Raises $5 Million to Develop Distributed Space-Based AI Data Center Network
Los Angeles-based startup Orbital has raised $5 million in a pre-seed funding round to support the development of a space-based computing network aimed at providing artificial intelligence processing capabilities from orbit. The funding round was led by Speedrun, the startup accelerator operated by Andreessen Horowitz (a16z), and included participation from a broad group of venture…
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Planet and Astroscale Join Industry-Academia Effort to Advance Atmospheric Reentry Research
Planet Labs, a leading provider of daily data and insights about change on Earth, announced its role as a founding participant in the Atmospheric Impact of Reentered Spacecraft (AIRS) initiative. Convened by Astroscale Holdings, the AIRS initiative is a first-of-its-kind industry-academia collaboration designed to improve scientific understanding of the effects of spacecraft reentry on Earth’s…
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Mitsubishi Electric Corporation Secures JAXA Funding for Flexible Space Mobility Technology
Mitsubishi Electric Corporation, announced that it has been awarded a subsidy for the Development of Inter-Orbit Transportation Vehicles (OTVs) under the Technology for Realizing Flexible Mobility in Space program, which is being financed by the 2nd Phase of the Space Strategy Fund managed by the Japan Aerospace Exploration Agency (JAXA). The company was previously selected…
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Isar Aerospace Raises €270 Million to Scale Spectrum Rocket Production and Expand Global Launch Network
German launch services company Isar Aerospace has secured a €270 million Series D funding round to accelerate global expansion, increase production of its Spectrum launch vehicle and strengthen sovereign space capabilities for Europe, NATO members and allied nations. The company said the new capital will support the worldwide scaling of its operations and the ramp-up…
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Juno Propulsion Raises $1.4 Million to Advance Rotating Detonation Engine for Spaceflight Demonstration
Juno Propulsion has secured $1.4 million in pre-seed funding to support the development of its first flight-ready rotating detonation engine (RDE), known as Project Iris, ahead of a planned in-orbit demonstration mission in 2027. The investment round was led by SOSV, with participation from Hypernova, Leslie Ventures, Activate, Collab Fund, Safar Partners, and Cape Fear…
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NewOrbit Raises $18.5 Million to Commercialize Very Low Earth Orbit Satellite Operations
European satellite manufacturer NewOrbit has closed an oversubscribed $18.5 million Series A funding round to accelerate the commercialization of very low Earth orbit (VLEO), a region of space that has historically been considered too challenging for long-term commercial operations. The funding round was led by Voyager Ventures and included participation from several new and existing…
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Quantum Space to Go Public in $1.2 Billion SPAC Deal Backed by Former NASA Chief Jim Bridenstine
Quantum Space has agreed to go public through a merger with special purpose acquisition company (SPAC) Inflection Point Acquisition Corp. VI in a transaction valuing the combined company at approximately $1.2 billion. The deal includes a $300 million private investment in public equity (PIPE) led by Inflection Point Asset Management and is expected to close…
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Axiom Space and Prada Unveil Advanced Cooling Garment for Future Moon Missions
Axiom Space and Prada have unveiled a new Liquid Cooling and Ventilation Garment (LCVG) designed for astronauts who will wear the Axiom Extravehicular Mobility Unit (AxEMU) spacesuit during future lunar missions. The garment serves as the high-performance inner layer of the AxEMU spacesuit and is intended to help astronauts withstand the harsh conditions of the…