Yury Borisov, Director General of Russia’s state space corporation Roscosmos, has said the company wants to deploy more than 1,000 satellites by 2030. This is a rate 5-times higher than currently being launched. Borisov, speaking at the Korolev Academic Space Conference in Moscow, said that in order to achieve such growth, it is necessary to […]
The UK Space Agency has announced £50 million (€56.7m) of funding for innovative projects that aim to “supercharge” the UK’s satellite communications industry. The funding, which comes as part of the European Space Agency’s (ESA) Advanced Research in Telecommunications Services (ARTES) programme, is available for a wide range of projects, such as developing new satellite […]
Paris-based Euroconsult says that the satellite industry is rapidly changing and adopting laser links for communications both to-and-from Earth, but very much from satellite to satellite. The links are more efficient and harder to intercept. Euroconsult’s report looks at the prospects for further growth and says that inter-satellite communications via optical links are rapidly becoming […]
Despite Virgin Orbit’s setback in Cornwall, Scotland’s SaxaVord Spaceport is moving rapidly ahead with its own plans. SaxaVord is materially different to Cornwall’s Newquay spaceport in that it is planning to loft conventional rockets vertically and directly into orbit from its launch pad. SaxaVord has announced a partnership with Rocket Factory Augsburg (RFA). This partnership […]
Paris-based Euroconsult has released its latest market overview which states that its assessment of the value of the Space Economy last year was $424 billion (€394.8bn), and expects this to grow to $100 billion annually by 2031. “The fast growing commercial space sector enjoyed another year of significant growth and productivity during 2022, but did […]
The loss of a valuable Vega-C rocket and two Airbus satellites (valued at some €200 million) has resulted in Arianespace ordering an independent inquiry commission. An Arianespace statement said they and the European Space Agency (ESA) immediately decided to appoint an independent inquiry commission. “This commission is tasked with analysing the reasons for the failure […]
Satellite builder Maxar Technologies is being acquired by Advent International. Advent is paying $53 (€49.90) per share in cash and a total of $6.4 billion for the business. Upon closing the business will then be taken private. Private equity investor Advent is paying a 129 per cent premium over Maxar’s closing price on December 15th. […]
Abu Dhabi-based Yahsat has released a White Paper on the evolution of the MENA space and SATCOM Sectors. The operator says it has witnessed “unprecedented growth” in the overall $469 billion (€442.1bn) MENA space economy (according to the Space Foundation) and which Morgan Stanley says could surge to over $1 trillion by 2040. Yahsat says […]
NewSpace Capital, a space-focused private equity firm based in Luxembourg, says it has reached an important milestone with its first closing of over €100 million in funding to instil a strong growth momentum in the New Space sector. The company says it is the first global space fund focusing on the growth stage of space […]
There are plenty of well-known players looking to tap into the market for so-called space tourism, not least Sir Richard Branson and Amazon boss Jeff Bezos. Now they might have new competitor in the shape of Halo Space, and balloon flights. Spain-based Halo Space has successfully flown a prototype stratospheric balloon up some 23 miles […]