Tag: NewSpace
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FOSSA Raises €9.25 Million to Expand IoT Satellite Network and Sovereign Space Capabilities
Spanish IoT satellite company FOSSA has secured €9.25 million (US$10.5 million) in a funding round to support international expansion and the continued deployment of its low Earth orbit (LEO) satellite constellation. The company said the new capital will be used to expand its commercial operations, strengthen its workforce, develop new security and defense capabilities, and…
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Satellogic and SynMax Partner to Develop AI-Powered Geospatial Intelligence Solutions
Satellogic and SynMax have announced a strategic collaboration to develop geospatial intelligence products that combine satellite imagery with artificial intelligence-driven analytics for defense, intelligence, and security customers. The partnership brings together Satellogic’s Earth observation infrastructure and SynMax’s AI-based intelligence platform, with the companies aiming to deliver persistent monitoring and analysis capabilities across a range of…
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OHB Launches €510 Million Share Offering to Fund Expansion and Strategic Investments
German aerospace and satellite manufacturer OHB has priced a previously announced share offering aimed at raising up to €510.7 million ($585.8 million) to support expansion plans across its space and technology businesses. The company said it will issue up to 1.7 million new shares at a subscription price of €300 per share as part of…
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Northwood Space Unveils Prism Antenna to Support High-Throughput Satellite Communications
Northwood Space has introduced Prism, a new parabolic antenna system designed to support high-volume satellite communications and growing demand for data-intensive space applications. The company said the 2.4-meter antenna is engineered to deliver high-throughput, bidirectional connectivity across multiple orbital regimes and is intended for use cases including enterprise backhaul, direct-to-cellular services, and space-based computing networks.…
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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…