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#SpaceWatchGL Column: E2MC Update On Space-Financing Rounds in August 2021

August’s financing table is again led by a space company raising funds via a proposed merger with a SPAC: VirginOrbit who may raise up to US$483 million* from this deal. Over two dozen other rounds raised a total in excess of US$700 million. Besides yet another SPAC, other noteworthy deal structure were Swiss IoT constellation’s Astrocast’s,

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FAA grounds Virgin Galactic space flights due to July mishap investigation

The Federal Aviation Administration (FAA) barred Virgin Galactic from flying SpaceShipTwo until the final mishap investigation from its July flight is over, Reuters reports. The FAA is investigating a deviation in the descent of the Virgin Galactic space plane to determine the issues would not affect public safety. Virgin Galactic rocket plane carried Richard Branson to space on 11th July.

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Firefly Aerospace’s Alpha rocket explodes during launch after anomaly

Firefly’s Alpha rocket launched on 2nd September suffered a fatal problem, exploding in the California sky. The company’s first ever orbital test flight lifted off from Vandenberg Space Force Base in California at 9:59 p.m. EDT. The final launch was nearly an hour after an initial try had to be aborted during countdown.

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Rocket Lab expands footprint with new production facility

Rocket Lab USA, Inc. announced the construction of a new production facility capable of supplying up to 2,000 reaction wheels per year. The news comes after the company signed contracts to supply major satellite constellations. The new production facility will add to Rocket Lab’s existing 35,303 square metres of manufacturing competence.

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StarLab Oasis launches in Abu Dhabi to examine AgTech in space

Nanoracks partnered with Abu Dhabi Investment Office (ADIO) and launched a new Space AgTech company, StarLab Oasis, Nanoracks announced. The aim of the project is to accelerate the growth of Abu Dhabi’s AgTech ecosystem. The multi-year economic development will grant a commercial space and farming research centre in the city.

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Small cracks found in Zarya module of the ISS

Russian cosmonauts discovered small cracks in the ISS’ Zarya module, according to Reuters. The fissures are superficial but may spread over time. At this point, it is unclear whether the cracks are causing any air leaks from the orbiting lab. Zarya was launched in November 1998. It is part of the ISS’ Russian segment and was the first piece of the station to reach orbit.

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Japan’s Space BD launches two Australian satellites

Two Australian satellites were successfully launched through Japanese Space BD on August 29, 2021 at 3:14 a.m. EDT, Space BD announced. This marks the first satellite launch for both the State of Western Australia, and the Australian Research Council Training Centre for CubeSats, Uncrewed Aerial Vehicles and their Applications (CUAVA), and the first overseas launch for Space BD.

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