Tag: Space Industry
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SpaceX Alumni Have Founded More Than 1,300 Companies, Data Shows
SpaceX’s influence on the space industry extends well beyond its launch vehicles and spacecraft, with new data indicating the company has become a major source of entrepreneurial talent across multiple technology sectors. According to data compiled by Crustdata from publicly available sources and shared with Payload, approximately 1,330 former SpaceX employees have gone on to…
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BAE Systems to Build Satellite Buses for Vantor’s High-Resolution Vantage Imaging Constellation
BAE Systems will manufacture the satellite buses for Vantor’s new Vantage Earth observation satellites, with the first two spacecraft expected to begin operations by 2029 under a partnership announced by the companies on Wednesday. The agreement marks the latest collaboration between the companies as Vantor expands its commercial imaging satellite capabilities with a new generation…
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OHB Targets Up to €510 Million Capital Raise to Expand Space Manufacturing
German space technology company OHB is seeking to raise up to €510.7 million through a share offering to support the expansion of its manufacturing capacity and fund investments in launch systems, acquisitions and future space projects. The company said it plans to issue approximately 1.7 million new shares priced at €300 each, with proceeds primarily…
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Ubotica Technologies Raises $11 Million to Expand AI-Powered Maritime Intelligence Platform
Ubotica Technologies has raised $11 million in new funding to accelerate the commercialization of its artificial intelligence platform for maritime intelligence and security applications. The Dublin-based space technology company said the funding round was co-led by Act Venture Capital and Greencode Ventures, with participation from Atlantic Bridge, an existing investor. The latest investment will support…
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Sophia Space Raises Funding, Plans In-Orbit Demonstrations of Orbital Computing Platform
Sophia Space has announced new funding and a series of planned in-orbit demonstrations as it advances development of its orbital computing technology platform. The company said it is finalizing a $7 million SAFE financing round that is expected to close this week. Investors participating in the round include EverGreen, the NVIDIA Alumni Investment Network, SparkLabs…
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Japanese Reentry Startup ElevationSpace Raises $40 Million Series B to Expand Global Operations
Japanese space technology startup ElevationSpace has raised $40 million in a Series B funding round, bringing its total funding to approximately $63.5 million as the company advances its satellite reentry and space transportation technologies. The latest round included participation from existing investors SPARX Asset Management and Beyond Next Ventures, alongside several corporate investors, including automotive…
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Rocket Lab Launches U.S. Space Force Mission in Under 17 Hours After Call-Up
Rocket Lab has successfully launched a responsive space mission for the U.S. Space Force, deploying a spacecraft less than 17 hours after receiving a launch order as part of the Victus Haze mission. The mission, conducted under the U.S. Space Force’s Tactically Responsive Space (TacRS) program, lifted off aboard a Rocket Lab Electron rocket from…
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Jio Explores Sovereign LEO Satellite Constellation to Expand Broadband Coverage Across India
India’s largest telecom operator, Jio Platforms, is evaluating the development of a sovereign low-Earth orbit (LEO) satellite constellation as part of a broader strategy to expand broadband connectivity across the country. The plan was outlined by Akash Ambani, chairman of Reliance Jio Infocomm, during the company’s shareholder meeting on June 19. Dual Satellite Strategy According…
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Voyager Technologies to Acquire Astrobotic in Deal Valued at Up to $300 Million
Voyager Technologies has agreed to acquire lunar exploration company Astrobotic Technology in a transaction valued at up to approximately $300 million, as the space infrastructure company seeks to expand its role in supporting future lunar missions and long-term Moon operations. The deal, which is expected to close by early July 2026 pending regulatory approvals, will…
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Instinct Space Pivots From Lunar Navigation to Low-Cost Moon Landers
Instinct Space has announced a major strategic shift, moving away from plans to develop a lunar navigation constellation and instead focusing on low-cost lunar landers designed to provide more affordable access to the Moon. The London-based startup, which joined Y Combinator in 2025 to develop a GPS-like navigation network around the Moon, said challenges surrounding…