ISU MSS 2024

Space Economy News

Latitude and Aldoria Partner for Zephyr Launch

Aldoria and Latitude sign MoU

Latitude and Aldoria have signed a 3-year partnership agreement that will see Aldoria support Latitude during the pre-launch and launch phases of the Zephyr light launcher. This will consequently enable Latitude to enhance its launch activities by providing anti-collision protection for its customers. The two parties signed the MoU during the Space Symposium in Colorado Springs. 

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Starlab Space Welcomes Mitsubishi as Strategic Partner

Starlab Space LLC (Starlab Space), the joint venture between Voyager Space and Airbus, today welcomed Mitsubishi Corporation as a strategic partner and equity owner in Starlab Space. This partnership expands Starlab Space's reach beyond a transatlantic partnership and transforms the joint venture into a global organization.

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Euroconsult and Spacetec Partners Merge to Form Novaspace – the Global Leading Consulting Firm in the Space Sector

Two prominent space consulting players, Euroconsult and SpaceTec Partners, are merging after three years of increasingly successful collaboration, to shape the future of the space sector with unparalleled expertise and strategic insights. This merger creates Novaspace, a powerhouse in professional services dedicated to the space industry.

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Helicity Space Secures Investment from Lockheed Martin Ventures

Helicity Space

Helicity Space, a commercial space company developing in-space propulsion and power technology based on fusion power, has announced an investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin. This latest raise from Lockheed Martin Ventures comes on the heels of a $5 million seed round of Helicity Space funding from investors including Airbus Ventures, TRE Ventures, Voyager Space Holdings, E2MC Space, Urania Ventures and Gaingels in December.

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Yahsat Appoints Amit Somani as Chief Growth and Strategy Officer

Yahsat

Al Yah Satellite Communications Company has announced the appointment of Amit Somani as Chief Growth and Strategy Officer. Mr. Somani, a veteran of the satellite communications industry, rejoins Yahsat with over 27 years of experience in satellite communications and management consulting. He already has extensive knowledge of Yahsat across various roles during his previous tenure with the company from 2010 to 2022. These included Vice President of Strategy and Business Development and, most recently, Chief Strategy Officer from 2014 to 2022.

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Planet Labs to Provide Carbon Mapper with Hyperspectral Data

Planet Labs PBC has signed a multi-year data-license agreement with Carbon Mapper, Inc. to provide hyperspectral core imagery to the non-profit and its partners until 2030. The $20 million agreement is made possible by initial funding led by a major climate philanthropy. Carbon Mapper, Inc. has been a key partner to Planet in developing the Tanager hyperspectral constellation, and this contract extension marks an important step in the continuation of the coalition’s shared mission to help improve understanding of and accelerate reductions in global methane and carbon dioxide (CO2) emissions.

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Telesat LEO Inc Receive Loan Investment from Canada

Telesat Lightspeed image. Credit Telesat

Telesat has announced that it received a letter from Canada’s Minister of Innovation, Science and Industry regarding an investment in Telesat Lightspeed. The letter states that following several months of negotiations between Telesat and federal officials, the Government of Canada (GoC) is prepared to invest C$2.14 billion in Telesat Lightspeed by way of a loan to Telesat LEO Inc., a wholly owned subsidiary of Telesat, that is developing and will own and operate the highly advanced Telesat Lightspeed Low Earth Orbit (LEO) global broadband satellite constellation.

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