A venture capital fund has raised $1.23 billion with an aim to be the “next Elon Musk” in the space business. Eclipse Ventures, based in Palo Alto in the heart of Silicon Valley, California, is establishing two new funds both of which are designed to help seek out new ventures including space-related businesses.. The two […]
A management report from McKinsey says that the space sector is at an “inflection point” – similar to what commercial air travel experienced after World War II and the internet saw in the 1990s. “When we speak about space with CEOs across geographies, industries, and backgrounds, we receive a range of reactions. For some, space […]
As expected, André-Hubert Roussel has stepped down from the CEO role at ArianeGroup. His replacement is Martin Sion who has been appointed by the ArianeGroup Board of Directors as CEO, effective immediately. Sion, a member of the Board of Directors of ArianeGroup since April 2020, was previously CEO of Safran Electronics & Defense. Eric Dalbiès, […]
In November 2022, AST SpaceMobile reported that it had successfully managed to unfold the ‘origami-like’ giant 64 square metre space antenna. Called BlueWalker-3, the antenna is the largest-ever placed into space and in low Earth orbit. The antenna, and its important sister craft, are vital to AST’s plans to girdle the planet with ordinary – […]
Despite the global disruption caused by the pandemic, UK space organisations presented a robust picture, generating £17.5 billion (€19.9bn) in 2021, compared to £16.5 billion the previous year. Figures in the latest Size & Health of the UK Space Industry report show the number of space organisations identified across the UK rose from 1,293 to […]
The Canadian government is to invest C$1.2 billion (€0.81bn) into space robotics and satellite business MDA (the former Macdonald, Dettwiler & Associates) and perhaps best known for its Canadarm robotic device used on Space Shuttles. The announcement was made as part of Canada’s annual financial budget. “MDA is extremely pleased to see Canada take a […]
The new series of online courses and certification testing produced by SSPI, GVF and SatProf will be demonstrated at this year’s Satellite 2023 show at Booth #1657. The Space Business Qualified (SBQ) courses are used by companies large and small to train employees in the business of space and to retain and attract new talent. […]
The South Korean government is creating a fund to support private space start-ups. According to the South Korean Ministry of Science and ICT, the government will create a 50 billion won fund (€36.1bn) by 2027 to invest in the private space sector. The Korea Venture Investment Corp will operate and supervise the project. The Ministry […]
Rwanda’s Space Agency (RSA) has signed a strategic partnership with Atlas Space Operations to utilise a teleport in Rwanda. RSA is building a major teleport capable of hosting multiple ground stations to serve and connect with satellites in different orbits. The partnership with Atlas Space Operations – signed by Mike Carey, co-founder and COO at […]
Space-focused investment business Seraphim, which this week partnered with the European Space Agency (ESA), has issued its annual map of how it sees the complete space business. It sees itself as a ‘space accelerator’ and its Seraphim Space Investment Trust targets early and growth stage Space Tech companies that have the potential to dominate globally […]