Tag: Space Technology
-
Arkadia Space Secures €14.5 Million EU Funding to Advance Green Satellite Propulsion
Arkadia Space has secured €14.5 million in funding from the European Innovation Council Accelerator programme, as it works to commercialise a more environmentally friendly satellite propulsion system. The funding package includes a €2.5 million grant, €6 million in equity investment from the EIC Fund, and approximately €6 million from private investors. The support underscores the…
-
Xona Space Systems Raises $170 Million to Develop GPS Alternative Satellite Network
Xona Space Systems has raised $170 million in a Series C funding round to accelerate development of its satellite navigation system designed as an alternative to GPS. The round was led by Mohari Ventures Natural Capital, with participation from Samsung Next, ICONIQ and other institutional investors. Xona is developing a satellite constellation called Pulsar, which…
-
Firefly Aerospace Launches Alpha Flight 7, Tests Block II Upgrades Ahead Of Next Mission
U.S. space and defense company Firefly Aerospace successfully launched its Alpha Flight 7 “Stairway to Seven” mission, sending a demonstrator payload for Lockheed Martin into orbit while testing upgrades planned for the rocket’s next configuration. The Firefly Alpha rocket lifted off from Space Launch Complex 2 at Vandenberg Space Force Base at 5:50 p.m. PDT…
-
Impulse Space Opens Colorado Facility to Support In-Orbit Mobility Spacecraft
Impulse Space has opened a 20,000-square-foot manufacturing facility in Louisville, Colorado, expanding its footprint in the state and strengthening the region’s growing space technology cluster. The new site, located at 2000 S. Taylor Ave. in Boulder County, will focus on the development of guidance, navigation and control (GNC) systems for the company’s Mira and Helios…
-
Infinite Orbits Acquires UK-Based Lúnasa Space to Expand In-Orbit Servicing Capabilities
French space services company Infinite Orbits has acquired UK-based Lúnasa Space, marking the company’s expansion into the United Kingdom and adding capabilities in rendezvous, proximity operations and docking technologies. The acquisition is intended to support the development of Infinite Orbits’ satellite life-extension servicer known as Endurance, which is designed to extend the operational life of…
-
UK Space Agency Awards Contracts to Advance In-Orbit Manufacturing
The UK Space Agency (UKSA) has awarded contracts worth more than $1.1 million to three British companies to develop technologies for manufacturing products in microgravity, the agency said. The funding aims to accelerate research into producing advanced materials and medicines in space, where conditions such as microgravity and vacuum can yield higher-quality results than on…
-
Gilmour Space and Transcelestial Partner on Laser Communications for Satellites
Australian launch and satellite company Gilmour Space Technologies has entered into a long-term strategic partnership with Singapore-based laser communications firm Transcelestial to integrate optical communications technology into future satellite platforms, the companies said on Monday. As a first step, Gilmour Space will fly a Transcelestial laser communications terminal on an upcoming mission, supporting an in-orbit…
-
CesiumAstro Raises $470 Million to Expand Satellite Manufacturing and Product Development
Aerospace startup CesiumAstro said on Monday it has raised $470 million to finance manufacturing expansion and product development as demand grows for components used in low-Earth orbit satellite constellations. More than half of the funding came from an equity round led by Trousdale Ventures, with participation from Airbus Ventures, the Development Bank of Japan, and…
-
Singapore to Launch National Space Agency as It Targets Global Space Economy Growth
Singapore will launch a national space agency on April 1 as it seeks to “fully harness the value and opportunities of the growing global space economy,” the country’s trade ministry said on Monday. The Ministry of Trade and Industry said it will oversee the new National Space Agency of Singapore, which will be responsible for…
-
SpaceX Acquires Musk’s AI Firm xAI in Bid to Integrate Space and Artificial Intelligence
SpaceX has acquired xAI, the artificial intelligence firm founded by billionaire Elon Musk, as he moves to consolidate more of his technology businesses under a single structure. The transaction values SpaceX at around $1 trillion and xAI at about $250 billion, according to a source familiar with the deal. Financial terms were not disclosed. SpaceX…