GSTC 2023

Entrepreneurship

New Management Takes Over Germany’s PTS GmbH After Restructuring

After a successful restructuring phase the management team of Planetary Transportation Systems (PTS) now takes full responsibility for the company. The PTS executives take over the Berlin New Space company with immediate effect as part of a management buyout from the Zeitfracht Group. Zeitfracht Group saved PTS from bankruptcy in …

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Luxembourg Buys Stake In Orbital Ventures Investment Capital Fund

During a meeting of a parliamentary committee, Étienne Schneider, Deputy Prime Minister and Minister of the Economy confirmed that the Government of Luxembourg, together with public and private sector partners, have invested a stake in Orbital Ventures, an investment fund focused on early stage companies engaged in space activities.

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Airbus Ventures Invests In Innovative U.S. Launch Startup SpinLaunch

Jonathan Yaney, Founder and CEO of SpinLaunch, Inc., has announced that the company has received an additional investment of U.S.$35 million for continued development of the world's first kinetic launch system, designed to provide the lowest-cost, environmentally responsible orbital launch system to serve the rapidly growing small satellite industry.

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