Tag: Satellite
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Intuitive Machines to Acquire Lanteris Space Forming a Next-Generation Space Prime
Intuitive Machines, a leading space technology and infrastructure services company, announced it has entered into a definitive agreement to acquire Lanteris Space Systems, formerly Maxar Space Systems, a proven spacecraft manufacturer with an exceptional record of delivering a highly reliable family of spacecraft for national security, civil, and commercial customers, from Advent International LLC. “This…
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BlackSky Technologies Secures $30 Million Deal to Deploy Gen-3 ISR for Global Client’s Secure Environment
BlackSky Technologies won a more than $30 million multi-year contract to integrate Gen-3 high-cadence tactical ISR services into a strategic international defence customer’s secure environment. The expanded solution will accelerate sovereign space-based intelligence capabilities by leveraging proven commercial technology for high-frequency, low-latency Gen-3 capabilities. The enhancements will enable BlackSky’s commercial high revisit constellation to operate…
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Reflex Aerospace Raises Record €50 Million Series A Funding
Reflex Aerospace, a German manufacturer of high-performance satellite platforms, announced the successful closing of its €50 million Series A funding round. The funding round is the largest Series A in the European New Space sector to date. The funding, led by Human Element together with Alpine Space Ventures, Bayern Kapital, HTGF, as well as additional…
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Sidus Space Completes FeatherEdge 248Vi for AI/ML in Space and Defense
Sidus Space, an innovative space and defense technology company, announced the successful completion of the design phase for its FeatherEdge 248Vi edge computer, a modular Artificial Intelligence (AI) and Machine Learning (ML) processor line that represents the next evolution in Sidus’ Orlaith AI Ecosystem and is purpose-built to support spaceborne, aerial, and autonomous missions. Building…
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Germany’s Reflex Aerospace Raises €50 Million to Boost Satellite Production Amid Rising Defence Demand
Germany’s Reflex Aerospace said on Tuesday it had secured €50 million ($58.3 million) in a Series A funding round to expand its satellite manufacturing capacity as demand for both civil and defence applications rises across Europe. The funding round — led by investors Human Element, Alpine Space Ventures, Bayern Kapital, HTGF and Renovatio Financial Investments…
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Portal Space Systems introduces Starburst, a new breed of maneuverable spacecraft
An artist’s conception shows Portal’s Starburst spacecraft in the foreground with its Supernova space vehicle (and Earth) in the background. (Portal Space Systems Illustration) Bothell, Wash.-based Portal Space Systems has added another spacecraft to its product line: a rapid-maneuverability vehicle called Starburst, which takes advantage of technologies that are being developed for its more powerful…
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FibreCoat and Lofith Composites Partner to Develop Lighter, Stronger Satellite Panel Material
Two European startups, Germany’s FibreCoat and Spain’s Lofith Composites, have teamed up to create a new composite material for satellite panels designed to be lighter, stronger, and more sustainable than conventional materials such as aluminum. The companies plan to demonstrate the thermoplastic composite in orbit next year aboard an undisclosed satellite, with a year-long test…
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MDA Space Invests $10 Million in Maritime Launch Services to Support Canadian Spaceport Development
MDA Space, one of Canada’s largest space companies, has invested C$10 million ($7.1 million) in Maritime Launch Services (MLS), becoming both an equity holder and strategic partner in the company’s effort to establish sovereign orbital launch capabilities at Spaceport Nova Scotia. Shares of MDA rose about 1% on the Toronto Stock Exchange on Monday, closing…
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Intuitive Machines to Acquire Lanteris Space Systems in $800 Million Deal
Lunar lander manufacturer Intuitive Machines said on Tuesday it will acquire Lanteris Space Systems, formerly known as Maxar Space Systems, from private equity firm Advent International in a deal valued at $800 million. The transaction, comprising $450 million in cash and $350 million in Intuitive Machines stock, is expected to close in the first quarter…
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China Delays Shenzhou-20 Return Mission After Possible Space Debris Impact
China’s Shenzhou-20 crewed spacecraft has delayed its planned return to Earth after the vessel was possibly struck by tiny fragments of space debris, the China Manned Space Agency (CMSA) said on Wednesday. The agency said impact analysis and risk assessments were underway, but did not provide a new timeline for the spacecraft’s return, which had…