Space Economy News

In response to escalating natural disasters impacting remote communities across the Asia-Pacific region, Kacific has introduced the new and enhanced CommsBox – CommsBox Ultra to redefine emergency preparedness and response capabilities in high-risk areas. This introduction expands Kacific's range of disaster communication products, offering an enhanced version alongside the existing and trusted CommsBox.

Space Product and Innovation S.r.l (SPiN), a provider of modular space manufacturing solutions, has announced the successful closure of a €1.63 million seed funding round. Galaxia, the Italian Technology Transfer Hub on Aerospace, led the round, with participation from Obloo Ventures, Scientifica Venture Capital and Innova Venture. This significant investment will propel SPiN's mission to revolutionize space manufacturing and democratize access to space.

Bellatrix Aerospace has achieved a significant milestone with the successful launch of its Rudra and Arka propulsion systems onboard ISRO’s PSLV C-58 launch vehicle on 1st January 2024. The company had earlier tested India's first privately developed Hall Effect Thruster (Arka) in 2021 and subsequently unveiled the nation's first High-Performance Green Propulsion system (Rudra) in 2022, representing significant milestones in Indian space technology.

Redwire Corporation has announced that two 5-kW Roll-Out Solar Arrays (ROSA) have successfully deployed and are operating nominally in geosynchronous orbit on the Maxar Space Systems-built Ovzon 3 communications satellite. The satellite successfully launched aboard a SpaceX Falcon 9 on Wednesday, January 3, 2024. Ovzon 3 represents the first-ever integration of Redwire’s ROSA technology with a commercial satellite following years of successful operations on the International Space Station (ISS) and on NASA’s Double Asteroid Redirection Test (DART) mission.

Sequel to the investment agreement between Marubeni Corporation and D-Orbit from last November, D-Orbit has announced the successful first closing of its Series C funding round, raising about €100m with Marubeni Corporation leading the round. This consequently cements a long-term commercial collaboration between both parties that will potentially revolutionize the space logistics industry. Furthermore, it extends Marubeni agency mandate for D-Orbit to the entire Southeast Asia.

Voyager Space and Airbus have completed the transaction to create Starlab Space LLC, a transatlantic joint venture that will design, build, and operate the Starlab commercial space station. Alongside the joint venture execution, the Starlab team completed the station-level System Definition Review (SDR), a critical milestone assessing the technical and programmatic accountability of the program.

Sustainability reporting SaaS company Earth Blox has announced its availability on Google Cloud Marketplace. The company provides customers with a scalable and customisable platform to rapidly assess climate and nature-related risks and impacts for millions of assets and facilities worldwide. Google Cloud Marketplace lets users quickly deploy functional software packages that run on Google Cloud and allows customers to easily start up a familiar software package with services like Compute Engine or Cloud Storage, with no manual configuration required.

AFWERX has selected Muon Space for an SBIR Phase I contract with a focus on weather intelligence, surveillance and reconnaissance (ISR) and operational mission planning. Muon Space will consequently perform a feasibility study to determine the benefit of modifying its multispectral Electro-Optical/Infrared (EO/IR) instrument to support the Department of Defense's (DoD) cloud characterization observation capability

Orbex has announced the appointment of two technology and space sector experts as its new CEO and Executive Chair. Scale-up expert Phillip Chambers will consequently be joining Orbex as its new Chief Executive Officer, and Miguel Belló Mora will be leaving his post as Director General of the Spanish Space Agency to join as Executive Chair.

Rivada Space Networks has partnered with Wiseband, an Emirati satellite services company, to bring secure connectivity solutions to the Middle East region. Based in UAE and operating across the Middle East and Africa, Wiseband provides customized private satellite networking solutions to meet high-performance and stringent security requirements. The company currently has connectivity projects in UAE, KSA, Kuwait and Egypt.