Tag: Satellite Infrastructure
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European Commission Targets €65 Billion for Space in 2028–2034 EU Budget
The European Commission wants space activities to receive half of a proposed €131 billion defense, security and space funding envelope for 2028–2034, European Commissioner for Defence and Space Andrius Kubilius said in Paris. The proposed split would direct approximately €65.5 billion to space programs over seven years, substantially elevating space within the European Union’s next…
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Amazon, Globalstar, Iridium and Telesat Launch NGSO Satellite Trade Association
Amazon, Globalstar, Iridium and Telesat have formed the SpaceConnect Association, a new trade organization representing non-geostationary satellite orbit (NGSO) operators. The association said it will work with governments, international institutions and industry stakeholders to promote a competitive satellite communications market and expand global connectivity. Former National Telecommunications and Information Administration (NTIA) Administrator David Redl has…
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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…