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Joshua Faleti

Fleet Space Takes Stake in Thor Energy

Fleet Space Technologies announces its collaboration with Thor Energy Plc (Thor) to redefine its mineral exploration approach through space-enabled technology. As a result, the collaboration has seen Fleet Space Technologies take an equity stake in Thor Energy, signifying both parties' long-term commitment to the project. This latest major commitment for Fleet follows the successful completion of the company's institutional Series C fundraising round and the signing of landmark contracts with some exploration companies, including Rio Tinto and Barrick Gold.

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Andøya Spaceport Expands to the US

Andøya Spaceport has hired Vincent Ciccarelli as its Commercial Director of North America and Asia as it aims to expand to the US. His main task will be to make sure that launch operators outside of Europe recognize the opportunities Andøya has to offer. Until now, Andøya Spaceport had mainly focused on the European market for the spaceport that is currently under construction in Northern Norway. However, this has changed with Ciccarelli joining as the first US-based employee of Andøya Spaceport.

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TNO Joins European Collaboration for Space Internet

TNO, the Institute of Communication and Computer Systems (ICCS), and a consortium of other European partners join forces in the LaiQa-project to develop space internet for cities and continents. Signal losses in fiber over distance are a major hindrance to the future of global quantum internet. Therefore, the project focuses on using satellites to connect cities and continents to eventually become a part of the global quantum internet and fully benefit from its promising applications.

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Lockheed Martin Satellites Launch as Part of T0TL Mission

JP91 Satellite. Credit Lockheed Martin

Lockheed Martin has successfully deployed ten of its satellites into low-Earth orbit (LEO) in support of the Space Development Agency's (SDA) Tranche 0 Transport Layer (T0TL) mission. SDA's T0TL is a proliferated LEO constellation that will demonstrate low-latency communication and provide a resilient network of integrated capabilities. The company's 10 small satellites successfully separated from the launch vehicle and are now in orbit.

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Space Robotics Startup GITAI Raises Additional Funding

GITAI USA Inc. and GITAI Japan Inc. (GITAI) has raised an additional US$15 million for the Series B Extension round. Together with the US$30 million funding from May of this year, the total amount of the Series B Extension round is now US$45 million. The Company will leverage the additional funds it has raised in this round primarily to expand its business in the U.S., as well as establish partial coverage of the lunar surface demonstration.

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Space Florida Board Picks Col. Long as next CEO

The Board of Directors at Space Florida has selected U.S. Space Force Col. Robert Long to succeed Frank DiBello, as president and CEO of Space Florida. Before leading the agency, DiBello was president and CEO of Florida’s Aerospace Finance Corporation. The board, chaired by Lt. Gov. Jeannette Nunez, opted to move forward with contract negotiations with Col. Robert A. Long, one of three finalists to replace Frank DiBello.

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Space in Africa Publishes Annual African Space Report

Space in Africa, a media, consulting, and analytics company, has published the 2023 edition of its African Space Industry Report. The report projects the African space economy to grow by 16.16% to USD 22.64 billion by 2026, and with the remarkable spurt in the economy in 2022, the industry is on track to reach this target.

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SatSure Completes Series A Round for EO Satellites

SatSure has closed a Series A round of $15 million in equity capital and venture debt, with Baring Private Equity Partners (BPEP) and India and Promus Ventures leading the round. The round also saw participation from Omidyar Network India and xto10X. With this investment, SatSure’s plans of launching a fleet of four high-resolution optical and multispectral satellites continue to be on track for Q4 2025.

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Azerbaijan Adopts Primary Space Legislation

Azerbaijan has adopted the Law on Space Activities on 4 August 2023, consequently developing its national space legislature. It consists of six chapters and 24 articles and regulates the legal, economic and organizational bases of space activity in Azerbaijan. In addition to relations for the implementation of national activities in space and entrepreneurial activities in the space industry, the document concludes with a thorough analysis of safety in space activities and the space industry.

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LeoStella and Hera Systems Establish Strategic Alliance

LeoStella and Hera Systems have signed a strategic manufacturing alliance to mitigate supply chain risks, increase the reliability of production and delivery schedules and maintain competitive pricing for small satellite constellations. The parties introduced the collaboration through a common manufacturing proposal for the Space Development Agency’s Tranche 2 Transport Layer.

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