Tag: New Space
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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…