Tag: Space Industry
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Star Catcher Raises $65 Million to Advance Space-Based Power Beaming Technology
Star Catcher has raised $65 million in Series A funding to support development of its orbital power-beaming technology and finance its first in-space demonstration mission later this year. The funding round was led by B Capital and co-led by Shield Capital and Cerberus Ventures. Additional investors included GreatPoint Ventures, Helena, Oceans Ventures and MVP Ventures.…
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Potomac Database Systems Targets Lunar Data Market With New Moon Missions
Potomac Database Systems has unveiled plans to develop a series of lunar missions aimed at collecting and selling scientific and operational data from the Moon. The Washington-based company said it intends to focus on supplying commercial and government customers with lunar surface data through three different mission concepts designed to support future exploration and development…
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European Space Startups Attract €1.4 Billion As Private Capital Gains Confidence
Private capital markets in Europe are showing increasing confidence in space-sector startups, even as structural challenges remain, according to a new report by the European Space Policy Institute. In its annual “Space Venture 2025” report, ESPI said European space ventures secured €1.4 billion in private investment last year, representing an 8% decline year-on-year. However, venture…
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Bellatrix Aerospace Raises $20 Million to Scale Satellite Propulsion Production
Bellatrix Aerospace has raised $20 million in a pre-Series B funding round led by Cactus Partners, as the company looks to expand production of its satellite propulsion systems. The Bengaluru-based firm said the new capital will be used to increase manufacturing capacity in response to growing demand from satellite constellations in India and international markets.…
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Ramon.Space Plans Orbital Data Center Prototype Launch With Ingrasys
Ramon.Space is preparing to launch a prototype orbital data center in collaboration with Ingrasys, targeting a first demonstration mission as early as 2026. The initiative marks a new step in the emerging race to deploy computing infrastructure in space, with the companies aiming to build scalable in-orbit data processing capabilities by the end of the…
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HawkEye 360 Raises Additional $23 Million in Series E Funding
HawkEye 360 has raised an additional $23 million as part of its Series E funding round, with participation from new investors Ghisallo, Principia Growth and Sixty Degree Capital, alongside existing investor Strategic Development Fund. The latest financing follows a $150 million mix of debt and equity raised by the company in December 2025 to support…
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MDA Space Reports Record 2025 Revenue Driven by Satellite Systems Growth
MDA Space reported record revenue for fiscal year 2025, driven largely by strong demand in its satellite manufacturing business. The Ontario-based company posted annual revenue of CA$1.63 billion ($1.19 billion), representing a 51% increase from the previous year and landing at the upper end of its projected range of CA$1.5 billion to CA$1.65 billion. MDA…
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SpaceX Weighs Mid-2026 IPO at Valuation of About $1.5 Trillion, FT Reports
SpaceX, the rocket and satellite company founded by Elon Musk, is weighing a possible initial public offering as early as mid-June 2026 that could raise up to $50 billion and value the company at around $1.5 trillion, the Financial Times reported on Wednesday, citing people familiar with the matter. If completed at that scale, the…
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Rocket Lab Marks 80th Electron Launch With Open Cosmos Mission
Rocket Lab has completed its 80th Electron launch and its first mission of 2026, successfully deploying two spacecraft for European space technology company Open Cosmos, the company said. The mission, titled The Cosmos Will See You Now, lifted off at 11:52 p.m. NZDT on Jan. 22 from Rocket Lab’s Launch Complex 1 in New Zealand.…
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Orbex’s Danish Unit to File for Bankruptcy as Operations Wind Down
Orbex’s Danish subsidiary, Orbital Express Launch ApS, is set to file for bankruptcy after closing its facilities on Jan. 20, resulting in the loss of around 90 jobs, according to people familiar with the matter. UK-based small-launch developer Orbex established the Danish business in October 2016. Based in Copenhagen, Orbital Express Launch ApS supported group-wide…