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Space Economy

Kuva Space Appoints Jerry Welsh to Spearhead U.S. Expansion

Kuva Space

Kuva Space has announced its expansion to the United States, establishing Kuva Space US in Fairfax, Virginia. As a result, Jerry Welsh, the former CEO of ICEYE US, has joined Kuva Space as a board member and will lead the company’s expansion efforts to become a leading provider of hyperspectral insights to the U.S. Government (USG).

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Synthetaic Raises Series B to Expand Image Data Insights

Synthetaic has raised $15 million in Series B funding from new and existing investors, accelerating the Company's commercialization of RAIC, a dual-use model-independent classification and detection platform for image data. Lupa Systems and TitletownTech both co-led the round, with participation from IBM Ventures and Booz Allen Hamilton.

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ThrustMe Contracts with CNES for its Propulsion System

CNES

ThrustMe has announced a transformative off-the-shelf contract with the French Centre National d'Études Spatiales (CNES). This purchase agreement is a testimony to the rapidly changing aerospace sector, where the lines between the legacy and new space are blurring. Long-standing actors such as CNES can benefit from complete and reliable industrial and standardized products for their space missions to accelerate development times and reduce costs.

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Lynk Global Announces Business Combination Agreement with Slam

Lynk Global mobile connectivity

Lynk Global, Inc., a satellite-direct-to-standard-phone (“sat2phone”) telecoms provider, and Slam Corp., a special purpose acquisition company (“Slam”), have announced entering into a definitive business combination agreement, under which Slam will combine with Lynk. Upon completion, the combined company will operate as Lynk Global Holdings, Inc., and its common stock will publicly list on Nasdaq under the ticker symbol “LYNK”.

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ispace Signs MoU with mu Space for Future Lunar Missions

ispace, inc. (ispace) has signed two memorandums of understanding related to payload services and strategic cooperation with mu Space and Advance Technology Co., Ltd., (mu Space) a satellite manufacturer and satellite communication service provider. The collaboration marks the first step towards future lunar missions between the two companies.

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Space Nuggets – 05/2024 – Frosty relations between France and Germany

The first Franco-German Space meeting took place at the French Embassy in Berlin on 2 February 2024 to discuss the launcher situation in Europe. The meeting was hosted by the French Ambassador to Germany. Our Publisher, Torsten Kriening, could attend the meeting and share his thoughts and his expected analysis here and walk you through the highlights.

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Redwire Expands Space Manufacturing Technology Portfolio

Redwire

Redwire Corporation has announced the strategic expansion of its in-space manufacturing technology portfolio with the first pathfinder mission for its autonomous semiconductor manufacturing platform, MSTIC. MSTIC will launch to the International Space Station (ISS) onboard Northrop Grumman’s 20th cargo resupply services mission (NG-20).

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SmartSat and NZSA Collaborate on Joint R&D Initiatives

SmartSat

SmartSat Cooperative Research Center (SmartSat), has signed a Memorandum of Understanding (MoU) with the New Zealand Space Agency (NZSA) to accelerate the growth of Australian and New Zealand space industries. Professor Andy Koronios, SmartSat CRC Chief Executive Officer and Robyn Henderson, Acting Head of the New Zealand Space Agency, signed the agreement at the NZSA headquarters in Wellington.

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UNOOSA and Exolaunch Sign Agreement to Launch CubeSats

Exolaunch

The United Nations Office for Outer Space Affairs (UNOOSA) and Exolaunch GmbH (Exolaunch) have signed an agreement to provide free launch opportunities for Cube Satellites (CubeSats) to offer more countries access to space. The collaboration is part of UNOOSA's Access to Space for All initiative, which aims to foster capacity-building in space science and technology by providing hands-on and educational opportunities. Access to Space for All allows participants to gain invaluable knowledge and experience while supporting space activities in developing countries.

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Rocket Lab Launches NorthStar Satellites on 43rd Electron Mission

Rocket Lab

Rocket Lab USA, Inc. has launched its first Electron mission for 2024, a "space-junk focused" mission for Spire Global, Inc. and NorthStar Earth & Space. The ‘Four Of A Kind’ mission for Spire’s customer NorthStar successfully launched from Rocket Lab Launch Complex 1 in New Zealand.

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