ISU - Summer 2024

Joshua Faleti

Advent to Acquire Maxar Technologies for $6.4 Billion

Maxar Technologies has announced that it has entered into a definitive merger agreement which will see Advent International (“Advent”), one of the largest and most experienced global private equity investors, acquire the Company. The acquisition will feature an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion. Following the closing of the transaction, Maxar will remain a US-controlled and operated company.

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The White House Unveils National ISAM Implementation Plan

The White House Office of Science and Technology Policy released a National In-Space Servicing, Assembly, and Manufacturing (ISAM) Implementation Plan. The plan is to advance the United States’ strategic vision as in the first-ever ISAM National Strategy, which outlines ways to build capabilities and technologies in space, consistent with the U.S. Space Priorities Framework. 

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EUMETSAT Announces Successful Launch of MTG-I1

EUMETSAT has announced the successful launch of its Meteosat Third Generation-Imager 1 (MTG-I1) from the European Space Centre in Kourou. As a result, EUMETSAT Director-General Phil Evans said the successful launch of MTG-I1 was a critical milestone for the organization, bringing the goal of delivering essential data from the satellite’s instruments to meteorologists one step closer

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Canadensys’ Lunar Imaging System Releases First In-Space

Canadensys Aerospace Corporation has announced that its multi-camera AI-enabled lunar 360-degree imaging system is now on its way to the Moon.  On December 11, at the Kennedy Space Center in Florida, the imaging system launched into space aboard the Japanese ispace Hakuto-R lunar lander on a SpaceX Falcon 9 rocket. As part of the in-space check-out procedure on its way to the Moon, one of the cameras in the system captured this spectacular image of our home planet. Also visible in the image is the spent 2nd stage of the Falcon 9 rocket, as it falls away from the Hakuto-R spacecraft.

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Rwanda and Nigeria Sign Artemis Accords

Rwanda and Nigeria have signed the National Aeronautics and Space Administration (NASA) Artemis Accords, becoming the first African nations to join the accords. Nigeria's Minister of Communication, Professor Ali Isa Pantami, and Rwanda's Space Agency CEO, Col Francis Ngabo, signed the agreement on behalf of their countries. The signatures took place under the sidelines of the US-Africa Space Forum on the sideline of the US-Africa Leaders' Summit in Washington DC, United States

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UNGA Approves ASAT Test Ban Resolution

The United Nations General Assembly (UNGA) has approved a resolution to halt one type of anti-satellite (ASAT) testing, a largely symbolic move intended to support broader space sustainability initiatives. The U.N. General Assembly approved the resolution, which the United States and several other nations introduced, on December 7, among other resolutions on arms control and related topics, with little discussion or debate. A total of 155 nations voted in favor of the resolution, with 9 voting against it and 9 others abstaining.

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Innospace to Perform Suborbital Test launch of ‘Hanbit-TLV’

South Korean rocket startup Innospace is planning to launch its suborbital technology demonstration rocket, HANBIT-TLV, later this month. The launch will validate the company's hybrid rocket engine that uses liquid oxygen and paraffin-based propellants. While the company set December 14-21 as a launch window at the Alcântara Space Center in northern Brazil, the company said the exact date and time will be decided after consultations with the Brazilian air force.

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