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Satellite Vu Successfully Completes Series A2 Funding

Satellite Vu, the UK climate tech company, has announced its Series A2 of £12.7m, bringing its total investment to £30.5m in Venture Capital funding. The funding will help the Company accelerate its mission to provide sustainable solutions to global issues. Molten Ventures led the round, with participation from Seraphim Space Investment Trust PLC, A/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation, and Stellar Ventures - all existing investors.

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OneWeb and Arctic Space to Construct Groundstation

OneWeb and Arctic Space Technologies have announced a leap forward in the construction of the OneWeb Satellite Network Portal (SNP), a hyperscale satellite ground station installation at the Arctic Space Technologies’ Space Center in Piteå. The companies signed a bilateral agreement in December of 2022 and have now finalized the detailed design work as well as obtained all approvals for the construction of the SNP. As a result,  the agreement will see the installation and operationalization of 27 satellite tracking antennas by Q3 2023.

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ICEYE and ESA are Partnering on Space Entrepreneurship

The European Space Agency (ESA) and ICEYE have signed a letter of intent to empower entrepreneurship and encourage the development of commercially viable and sustainability-minded space solutions. The collaboration falls under the ESA Partnership Initiative for Commercialization (EPIC) and targets companies which the ESA Business Incubation Centers (ESA BICs), ESA Technology Brokers and ESA Φ-labNET support. 

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Rocket Lab Launches Second Batch of TROPICS Satellites

Rocket Lab USA, Inc. has successfully completed the second of two dedicated Electron launches to deploy a constellation of tropical cyclone monitoring satellites for NASA. The "Coming To A Storm Near You" launch lifted-off on May 26 at 15:46 NZST (03:46 UTC) from Rocket Lab Launch Complex 1 on New Zealand’s Mahia Peninsula, deploying the final two CubeSats of NASA’s TROPICS constellation to orbit.

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