Space Economy

ICEYE has announced the launch of ICEYE Ocean Vision, a synthetic aperture radar (SAR) product family, to provide actionable intelligence for maritime domain awareness. As the first in the ICEYE Ocean Vision family of SAR derivative products, ICEYE Ocean Vision Detect delivers insights into the presence, location, and size of vessels at sea, allowing authorities to take decisive action in mitigating threats.

China has turned in its submission to the Working Group of Legal Aspects of Space Resource Activities of the Legal Subcommittee of the Committee of the UN Committee on Peaceful Uses of Outer Space (UN COPUOS). The Working group invited member states to submit their inputs towards the Group's mandates and purposes. The submission emphasized the importance of the provisions of the Outer Space Treaty in directing any member-state activity regarding the lunar surface, particularly lunar space resources. 

HyImpulse has received its first flight license from the Civil Aviation Authority (CAA) for its sounding rocket, which is now ready to launch from the Shetland Islands thanks to the National Manufacturing Institute Scotland (NMIS). Furthermore, the Company plans consecutive launches of the sounding rocket for later this year from the SaxaVord spaceport in Shetland. The rocket’s maiden launch will tentatively commence from Australia this April.

In this episode of Space Economy Insights, Kevin O'Connell and Dr. Emma Gatti host Fani Kallianou de Jong, Principal in the Climate Strategy and Delivery Team of the European Bank for Reconstruction and Development (EBRD).

Olsen Actuators and Drives has won its first UK Space Agency (UKSA) funding to deliver a Proof of Concept (PoC) demonstrator for a new lunar rover the University of Manchester is designing and funded by the Enabling Technologies Programme (ETP). The project will develop and fabricate a jumping robot system capable of thrusting upwards, descending, and self-righting that will lower into lava tubes under the surface of the Moon. Experts have earmarked these lava tubes for potential initial future human habitation.

Astrolight, a technology company dedicated to facilitating space-to-Earth and ship-to-ship laser communications, has joined the Defence Innovation Accelerator for the North Atlantic (DIANA). This collaboration marks a significant achievement for Astrolight as it seeks to contribute to NATO’s defense initiatives and advance its dual-use laser communication technology in the defense sector. DIANA provides startups like Astrolight with access to a network of experts, resources, and funding opportunities to help them develop and commercialize innovative technologies for defense applications.

Thaicom Public Company Limited (Thaicom) has selected Astranis to provide THAICOM-9, the newest addition to Thaicom’s fleet of high-throughput satellites at 119.5 degrees East. Thaicom’s subsidiary, Space Tech Innovation Limited (STI) and Astranis have signed an agreement for an Astranis MicroGEO satellite to provide Ka-band services over Asia, with an option for expanded coverage through future satellites.

Sidus Space, a multi-faceted Space and Data-as-a-Service satellite company has announced the successful launch and deployment of its LizzieSat™ satellite as part of SpaceX’s Transporter-10 Rideshare mission. Liftoff occurred at 2:05 p.m. PDT from Space Launch Complex 4 East at Vandenberg Space Force Base in California. The successful deployment of LizzieSat™ signifies a monumental achievement for Sidus Space, marking its entrance into the next era of its space technology and data services.

In-space propulsion solution provider Agile Space Industries has received a Small Business Innovation Research (SBIR) Phase II contract from SpaceWERX. SpaceWERX is part of the innovation arm of the U.S. Space Force and a part of AFWERX, and the Air Force Research Laboratory. Agile was one of 19 company winners of the 2023 SpaceWERX Tactically Responsive Space (TacRS) Challenge. The Space Safari program office at USSF Space Systems Command, which identifies cutting-edge TacRS, sponsored the challenge.

Terran Orbital Corporation has announced winning a $15.2 million contract to supply Ambassador Class satellite platforms complete with solar arrays and support equipment to the Air Force Research Laboratory (AFRL). The contract, managed through Axient Corporation, will integrate payloads onto these ESPA-Grande size space vehicle platforms to support specific United States Space Force missions. Delivery is tentatively in the 4th quarter of 2024.