Entrepreneurship

Virgin Orbit has provided an update on why the first horizontal orbital launch from UK soil failed on 9th January. The company says that the preliminary analysis of data is starting to shed light on the anomaly.

The National Science Foundation (NSF) and SpaceX reached an agreement to reduce the impact of Starlink Gen2 satellites on astronomy. SpaceX was granted a licence from the Federal Communications Commission in December to deploy a quarter of its planned 30,000-satellite Gen2 system.

The European Investment Bank (EIB) and SES have announced their €300 million financing agreement details. The seven-year term loan will back investments related to the design, procurement, and launch of three previously announced satellites that will deliver advanced broadcast and broadband services spanning Western Europe, Africa, and the Middle East. The loan is the largest amount that the EIB has ever provided to a Luxembourg-based company.

Optical communications terminal producer, Mynaric, entered into a definitive agreement with an undisclosed US-based customer for the delivery of CONDOR Mk3 optical communication terminals. The order has a value of approximately US $24 million.

Connectivity company, Fleet Space, announced the first deployment of its ExoSphere satellite-based mineral exploration system in Africa, in partnership with Resonance Frequency Exploration Group (RFEG). Under the licensing and technology cooperation agreement of December 2022, Fleet will supply its Geode portable sensors to collect subsurface data.

The World Teleport Association (WTA) has published its annual rankings for the Top Teleport Operators of 2022, with AXESS Networks emerging as one of the best teleport operators globally. The annual rankings of surveying teleport operators compile top companies by revenue and revenue growth around the world and referencing publicly held companies' published results.. The annual rankings of surveying teleport operators compile top companies by revenue and revenue growth around the world and referencing publicly held companies' published results.

Capella Space, an American space technology company with data and satellite solutions for government and commercial applications, announced $60 million in growth equity financing in a follow-on to their Series C funding round through Thomas Tull’s US Innovation Technology Fund (USIT). Capella Space is one of the first companies to close financing through Tull’s USIT Fund, bringing the company’s total funding to approximately $250M.

Rocket Factory Augsburg AG (RFA) and SaxaVord Spaceport have announced their launch operations partnership. As a result of the partnership, RFA will have exclusive access to Launch Pad Fredo for orbital launches. Consequently, the company’s first launch of its RFA ONE launch system – currently planned for the end of 2023 – will take place from the northernmost point in the UK.

Commercial near-Earth orbit monitoring service provider, NorthStar Earth & Space, signed an agreement with Japanese microsatellite company Axelspace, to use existing space-based sensors to contribute to NorthStar’s more comprehensive coverage of the space domain. The collaboration will leverage Axelspace’s operational AxelGlobe constellation of five Earth observation low Earth orbit satellites to provide complementary Space Situational Awareness (SSA) data.

Airbus and Dutch high-tech industrial supplier, VDL Group, have signed a partnership agreement for the development and manufacturing of a laser communication terminal for aircraft, known as UltraAir, Airbus said. The duo is currently preparing a prototype demonstration demonstration and a first flight test planned for 2024.