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Space Economy

ESS & Arnhem Space Centre Sign Launch Services MOU

ESS

Singapore’s rocket company, Equatorial Space Systems (ESS), has signed a Memorandum of Understanding (MoU) with Equatorial Launch Australia (ELA). The MoU will consequently see ESS become a resident launcher at the Arnhem Space Centre in Nhulunbuy, Northern Territory. The MoU covers upcoming suborbital launches onboard the Dorado sounding rocket family – carrying science experiments and technology demonstrator payloads – and extends towards orbital launch services for satellite clients onboard the company’s Volans launch vehicles. 

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Skylo Tech Secures Funding for Direct-to-Device Sat Connectivity

Skylo Technologies, a direct-to-device satellite connectivity service provider, has secured $37 million in a funding round co-led by Intel Capital and Innovation Endeavors. The round also enjoyed support from new investors, including BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim Space. In addition, David Johnson of Intel Capital will be joining the board, bringing a wealth of experience and insight to fortify Skylo’s leadership team.

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Capella Space and TCarta Partner for Real-Time Coast Monitoring

Capella Space Corp., an American space tech company with data and satellite solutions for Government and commercial applications, has announced a partnership with TCarta, a global provider of hydrospatial products and services, to add high-resolution SAR satellite imagery to TCarta's coastal monitoring and shoreline feature extraction solutions. This partnership will enable more consistent and reliable identification of coastline changes so coastal managers have accurate and up-to-date information for mitigating the impacts of climate change. 

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ICEYE and CoreLogic to Develop Disaster Response Solutions

CoreLogic Australia has partnered with ICEYE on a disaster response solution for the banking and finance industry. The partnership aims to combine four decades of CoreLogic’s property data with ICEYE’s hazard insights, which leverage synthetic aperture radar (SAR) satellite data and auxiliary ground data, to develop a new disaster solution that can pinpoint areas and properties affected by flood and bushfire as events unfold.

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LeoLabs Raises Funding to Deliver Space Operations Insights

LeoLabs

LeoLabs has raised an additional $29 million in financing to scale up the delivery of insights to commercial and Government operators by further investing in advanced end-user applications and partner integrations. The round saw new investors, including GP Bullhound, 1941, and Dolby Family Ventures. This extension also enjoyed strong support from existing investors, including Insight Partners, Velvet Sea Ventures, Space Capital, MDSV Capital, and the AngelList Syndicate.

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Starlab Announces Leadership Team With new CEO and CFO

Starlab

Starlab Space LLC (Starlab Space), the transatlantic joint venture between Voyager Space and Airbus, has announced its leadership team. Retired NASA astronaut and Voyager executive Tim Kopra will become Starlab's Chief Executive Officer (CEO), while Mohit Sharma, currently Head of Mergers and Acquisitions Finance at Airbus Defence and Space, joins Starlab as Chief Financial Officer (CFO). 

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#SpaceWatchGL Venture Space – January 2024

2024 is off to a strong start for space-tech startups raising capital in the VC space, with over $475m USD (442m EUR) raised in January alone. At this pace, however, the annual space tech investment ecosystem projects to an annual $5.8b, a contraction versus 2023 levels of approximately $7.1b. Across 25 deals, and an average of $19m per deal, just under half of deals were located in the United States (7) and United Kingdom (5) with strong presence in Europe coming from France (3) and Italy (3).

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Saudi Space Agency Partners With LeoLabs and NorthStar for SSA

On the sidelines of the Space Debris Conference currently in Riyadh, the Saudi Space Agency signed memoranda of understanding (MoUs) with Leo Labs and NorthStar, respectively. The MoU with Leo Labs aims to build a cooperative relationship in the field of space monitoring. Both agreements aim to exchange expertise and knowledge related to space situational awareness and explore future collaboration opportunities between the Saudi Space Agency and both NorthStar and LeoLabs. 

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SmartSat backs Autonomous Sat-Tech for Australian ISAM

SmartSat Cooperative Research Centre (SmartSat) is backing innovative research to develop end-to-end Australian capabilities in In-orbit Servicing, Assembly, and Manufacturing (ISAM), in a project underwritten by a total investment of $ 2.3 million. SmartSat's research partner, the University of Sydney, will be leading the new project, which will develop robotic satellite technologies to reliably connect with other satellites to perform in-orbit repairs and maintenance. NSW-based industry partners Abyss Solutions, ANT61, Space Machines Company, Sperospace, and Spiral Blue will also support the research project.

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