Tag: Space Technology
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SpaceX Launches Starship V3 in Major Test Flight Ahead of Planned IPO
SpaceX has launched its new Starship V3 rocket in a high-profile test flight from Texas after an earlier launch attempt was postponed because of a launch-tower malfunction. The uncrewed rocket lifted off shortly after 17:30 local time on Friday, marking the first flight of the latest Starship configuration, which stands approximately 124 meters tall. According…
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Astrolab to Send Scientific Payloads to Lunar South Pole on FLIP Rover Mission
Astrolab is preparing to send a series of scientific payloads to the Moon later this year aboard its FLIP rover mission aimed at supporting future lunar exploration near the Moon’s south pole. The company said its FLEX Lunar Innovation Platform rover, known as FLIP, will carry multiple research instruments designed to study lunar surface conditions,…
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Vast Expands Into Satellite Bus Market With High-Power Spacecraft Platform
Vast said it will enter the satellite bus market with a new high-power spacecraft platform aimed at commercial, Earth observation and national security missions. The company announced plans to offer a 15-kilowatt-class satellite bus designed for high-volume and lower-cost deployment across a range of orbital applications. Vast also said customers will have the option to…
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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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Former NASA Chief Bridenstine Named CEO of Quantum Space
Former NASA administrator Jim Bridenstine will become chief executive of Quantum Space, a company focused on in-orbit maneuverability and satellite servicing technologies. Bridenstine, who led NASA from 2018 to 2021, said the new role aligns with his background in national security and defense. “That’s where my background is, and where my heart is,” he said,…
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STMicroelectronics Targets $3 Billion in Space Revenue on Growing LEO Demand
STMicroelectronics expects to generate more than $3 billion in revenue from its space-related business over the next three years, driven by growing demand in low-Earth orbit (LEO) satellite programs and continued collaboration with SpaceX. Speaking during a virtual presentation, Remi El-Ouazzane, president of Microcontrollers, Digital ICs and RF Products at STMicroelectronics, said the company’s LEO-related…
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Starcloud Seeks $200 Million Funding as Orbital Data Center Ambitions Grow
Orbital data center startup Starcloud is seeking to raise at least $200 million in new funding, a move that could double its valuation to around $2.2 billion, according to a source familiar with the matter. The funding discussions, first reported by The Information, come about a month after the Redmond, Washington-based company announced a $170…
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Spaceflux Raises £3.5 Million to Extend Seed Round and Expand Globally
UK-based Spaceflux has raised an additional £3.5 million in funding, extending its seed round to a total of £9 million (approximately €10.4 million), as the company seeks to expand its presence in global markets. The funding extension was led by existing investor Blackfinch Ventures, with participation from current backers and a new investment from SPARX…
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Starcloud Raises $170 Million to Advance Orbital AI Data Center Plans
Starcloud Inc., a startup developing space-based artificial intelligence infrastructure, said it has raised $170 million in a new funding round that values the company at $1.1 billion, as interest grows in alternatives to terrestrial data centers. The funding was secured in two tranches, with Benchmark leading the first and co-leading the second alongside EQT Ventures.…