Boca Raton-based satellite builder Terran Orbital is looking to issue additional shares in the company worth a maximum total of $98 million (€90.3m). Terran is limited as to what it can raise by issuing new shares. Terran Orbital has Lockheed Martin (LM) as a major shareholder. LM and certain other shareholders have undertakings from Orbital […]
The UK Space Agency used the Farnborough Air Show to announce awards totalling more than £33 million (€39.2m) to 20 UK space innovation projects. Former British astronaut Tim Peake was on hand to help out, saying: “So many exciting, innovative companies represented, doing amazing things in the space industry for the benefit of people on […]
Students in the Film and TV Department in the Wits School of Arts (WSOA) are to benefit from a Netflix Creative Equity grant from the streaming platform. The Netflix grant will be used to develop creative digital infrastructure in the Department at Wits University and will provide students with state-of-the-art equipment in their learning and […]
Gcore, the edge AI, cloud, network and security solutions provider, has secured $60 million (€55.1m) in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River (HRZ), this marks the company’s first external capital raise since its inception more than 10 years ago. The funds […]
The IRIS2 consortium, which is seeking to build a satellite mega-constellation on behalf of the European Commission, looks as if it is on the verge of collapse. French newspaper La Tribune says that due to risk assessment, Thales Alenia Space and Airbus Space, the subsidiaries of the two European aerospace giants, have sent a letter […]
Channel 4’s consumer investment arm, Channel 4 Ventures, has secured a £3 million (€3.54m) investment into Fy!, an AI powered home and living marketplace. The media-for-equity deal will enable Fy!, which recently acquired independent boutique marketplace Trouva, to tap into audiences for popular Channel 4 home improvement shows such as Grand Designs. By using the […]
Rivada Space Networks has secured a major slice of the cash needed to build and launch its mega-constellation of an initial 300 satellites. German newspaper Handelsblatt reports that Rivada has collected €10 billion in pre-order commitments from 113 “potential customers”. The report adds that it has also attracted investment cash from 70 investors including a […]
Kudelski, best-known for its ‘Nagra’ smart card encryption technology and Skidata system for ski-resort operators, has negotiated a CHF150 million (€154m) credit facility. The loan, organised by Farallon Capital Europe LLP., is in place in order to repay a Kudelski domestic bond, which matures on September 27th 2024. The loan has a maturity period of […]
Sky Media, the advertising arm of Sky, has announced that its Sky Zero Footprint Fund is launching an additional initiative dedicated to SME and local businesses called Local Heroes. Launched in 2021, The Sky Zero Footprint Fund initiative was created to inspire positive behaviour change and help start-ups and established brands accelerate their sustainable initiatives […]
US telco giant AT&T is already a financial backer of AST SpaceMobile (and has guaranteed a $20 million revenue commitment). AST plans on circling the globe with its ‘direct-to-cellular’ satellite service. Unconfirmed reports suggest that AT&T expects some 30-40 per cent of its US clients to take a low-cost add-on service for connection to AST […]