OneWeb, together with Astroscale Ltd.*, will seek to safeguard the UK’s satellite economy with new spacecraft technology, thanks in part to a new investment of €14.8 million. The mission to demonstrate Astroscale’s ELSA-M servicer will launch toward the end of 2024, with plans to deliver a debris removal service to satellite operators thereafter. The announcement […]
Investments
Savilis Reveals SpaceTech’s Rapid Growth Likely Will Create New Global Real Estate Requirements
Savills has seen global venture capital (VC) investment growth of 67% per annum for the past three years, and is therefore likely to drive a spate of new requirements for real estate globally. Because of the dramatic rise in investment in the take-up of real estate by the life science sector over the past few […]
Aussie Government Invests $23.6M Towards Growing Global Space Sector
Federal Minister for Industry, Energy and Emissions Reduction Angus Taylor said the Morrison Government has been working hard to triple the size of the local space sector by 2030 to $12 billion which will create 20,000 new jobs. The Morrison Government is backing the establishment of the Australian Satellite Manufacturing Hub, helping the nation get […]
Prestwick Spaceport Plans To Encourage Youngsters To Reach For The Stars Via Their ‘New Hope’ Campaign
A new campaign that aims to educate thousands of young people across Ayrshire in Scotland and beyond about careers in the UK’s growing space sector is to be launched by Prestwick Spaceport and affiliated aerospace businesses. Running throughout 2022, ‘A New Hope’ campaign, linked to South Ayrshire Council’s ‘Skypath’ initiative, will include an educational outreach […]
Maxar Makes Strategic Investment In blackshark.ai To Extend Geospatial Capabilities
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) has engaged in a strategic investment in Blackshark.ai, a provider of AI-powered, geospatial analytics services — this partnership represents Maxar’s commitment to innovation within the firm’s 3D Earth Intelligence product portfolio. The Blackshark.ai platform processes petabytes of satellite imagery in hours and detects and segments objects, roads, vegetation, and other infrastructure […]
Swedish Space Corporation’s New Brand SSC CONNECT® Groups Ground Segment Offerings
The name reflects, among other things, the company’s strengthened capabilities such as the launch of the market’s first global Ka-band network for EO missions, multiple investments and uprades of its ground stations and antenna capabilities, as well as the company’s leading position in Lunar connectivity… In the past few years, Swedish Space Corporation has made […]
BryceTech Publishes Their 2022 Start-Up Space Report In Commercial Space Ventures
Last year was a record-setting year for investment in space start-ups. Start-up space companies attracted more than $15 billion in total financing during 2021, shattering the $7.7 billion record set in 2020. The number of recipients and deals both increased nearly 50%, while the average deal size grew 35%. The significant increase in investment was […]
Viasat + Inmarsat Reach Agreement With The UK Government On Their UK Space Sector Plan
Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding, economic undertakings with the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS) as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their […]
Satellite Vu’s Series A Closes + Brings Total Investments In Company To Million£s
Satellite Vu, founded in 2016, recently closed the second round of their Series A, bringing total investment to £20 million. Satellite Vu’s first funding round was led by Seraphim Space Investment Trust Plc, the world’s first, listed, SpaceTech Fund. New participants in the second close include Contrarian Ventures, as well as US investors Lockheed Martin […]
MDA Creates New Jobs With New Canadian Global Headquarters And Space Robotics Center Of Excellence
MDA Ltd. (TSX:MDA), a provider of advanced technology and services to the ever expanding global space industry, revealed details of its new purpose-built global headquarters and Space Robotics Center of Excellence in Brampton, Ontario, a facility that will support the company’s ongoing growth and lay the groundwork for long-term success in the evolving commercial space […]