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First Astranis satellite successfully deployed to GEO

Falcon Heavy launch. Credit SpaceX

The Astranis satellite has completed the orbital manoeuvres necessary to arrive in its orbital slot in Geostationary Orbit (GEO). The Astranis satellite was launched a few weeks ago onboard the SpaceX Falcon Heavy rocket. The satellite, Arcturus, is set to provide high-speed bandwidth to Alaska for our customer Pacific Dataport. Alongside successfully achieving its orbital slot, Astranis has completed a end-to-end test connecting a gateway in Utah with multiple user terminals in Alaska for the first time.

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QuadSAT Completes Large Antenna Testing with Telespazio

QuadSAT has completed an antenna validation mission with space services operator, Telespazio. Using the QuadSAT drone-based system, it tested a large 17-metre antenna situated at Fucino Space Center in Italy. Other capabilities of the QuadSAT drone-based testing solution, such as ground station tracking performance analysis, were also demonstrated as part of the mission.

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ThrustMe Exceeds 100 Orders for Propulsion Systems

ThrustMe has announced the achievement of over 100 orders for its cold gas I2T5 and gridded ion NPT30-I2 thrusters. This marks a significant turning point for ThrustMe. The Company initiated batch production for clients in 2022 to accommodate an increasing order from satellite constellations clients. Furthermore, the Company set an ambitious target to manufacture over 365 propulsion systems per year, with production capacity gradually increasing throughout 2023 to serve the market needs.

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Fleet Space Raises A$50M Series C for Minerals Exploration Tech

Fleet Space Technologies has announced the successful completion of its heavily oversubscribed Series C fundraising round, raising a total of A$50 million. Australasian venture capital firm and existing investor Blackbird led the funding round, which more than doubled the company's valuation, now surpassing A$350 million. Grok Ventures, Alumni Ventures and Hostplus have also participated in the round.

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The Spaceport Company Successfully Tests Offshore Launch

The Spaceport Company has successfully tested its mobile floating spaceport prototype yesterday by conducting the first-ever commercial rocket launches from U.S. territorial waters. This is because the Company launched multiple rockets in one day from a modified ship located in the Gulf of Mexico. As a result, it proved the potential for offshore spaceports to ease congestion at existing launch ranges and expedite the delivery of satellites to orbit.

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EIF commits €60 million to Alpine Space Ventures

European Investment Fund building. Credit European Investment Fund

The European Investment Fund (EIF) announced today that it is committing €60 million in equity to Alpine Space Ventures (ASV), a German-based venture capital fund focusing on the NewSpace sector. With this investment, ASV’s committed capital passes the €100 million mark, bringing it closer to the target of €160 million, expected to be achieved later this year. 

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