Struggling rocket developer Astra Space is to conduct a 1-for-15 stock split and in the process raise around $65 million (€58.9m) to continue its work on its Rocket 4 launch vehicle. The 1-for-15 stock split will issue one new share to stockholders in a swap for 15 existing shares. The company’s filing with the SEC […]

Germany’s government has dramatically cut the amount of money in its 2024 budget going to support Europe’s space industries. The numbers are: National Space Programme: Was €371 million. New budget €313 million. Contribution to ESA for IRIS2: Was €189 million. New budget €70 million. There are also reports that further cuts may come to Germany’s […]

Homes and businesses in southern and eastern parts of England are set to benefit from new highspeed broadband connections backed by almost £320 million (€373m) of UK government investment. People living and working in rural parts of Norfolk, Suffolk and Hampshire are set to have their ability to bank online, conduct business, shop, communicate and […]

In the largest Internet funding announcement in history, the US Department of Commerce has announced funding for each state for high-speed Internet infrastructure deployment through the Broadband Equity Access and Deployment (BEAD) Programme  – a $42.45 billion (€38.9bn) grant scheme created in the Bipartisan Infrastructure Law and administered by the Department of Commerce. This announcement […]

Sir Richard Branson-backed tourists-into-space project is seeking a cash infusion of about $400 million (€367.2m). Its first commercial sub-orbital flight (designated Galactic 01) is scheduled for later this week when it will carry a group of Italians on a brief journey to the edge of space. The mission will happen from Virgin’s Spaceport America in […]

Seraphim Space, the global space investment company, has announced it is supporting 100 space companies with equity funding. In 2016 Seraphim launched a venture fund focused on space, followed by a dedicated SpaceTech Accelerator in 2017 (now on its 11th cohort). Following an oversubscribed IPO of £250 million in 2021 the first publicly listed growth […]

With 21 per cent of UK adults now only accessing the Internet using a smartphone, according to Ofcom, a report into digital exclusion by Mobile UK, the industry body for the UK’s Mobile Network Operators (MNOs), is highlighting the growing importance of mobile connectivity and the need for better Government policy. The report, From Exclusion to Inclusion […]

The European Commission has rejected four smaller consortia for its IRIS2 low Earth orbiting constellation. It has selected a consortium made up of Airbus Defense & Space, Eutelsat, Hispasat, SES and Thales Alenia Space, backed also by Deutsche Telekom, OHB SE, Orange, Hisdesat, Telespazio and Thales Group. This major group will now fine tune its […]

New plans to maximise the potential of the UK creative industries and grow the economy have been set out by the government. One of the Prime Minister’s priority sectors for economic growth, the creative industries are a global British success story growing at more than 1.5 times the rate of the wider economy over the […]

Madhive, an advertising software platform engineered for modern TV advertising, has signed a definitive agreement with the Private Equity business within Goldman Sachs for a $300 million (€277.9m) investment in the company. Goldman Sachs’ equity investment comes as Madhive’s connected TV (CTV) advertising software platform is playing a role in the TV industry’s expansion from […]