Space

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Finland’s ICEYE hits a €10bn valuation, quadrupling in six months as Europe scrambles for its own spy satellites

Six months ago, ICEYE was worth €2.4bn. Today it is worth more than €10bn. Few numbers capture Europe’s defence-tech boom as bluntly as that. The Finnish satellite company has raised €450mn in a Series F round led by General Atlantic, valuing it at over €10bn ($11.5bn), a fourfold jump since December. Counting a secondary sale […]

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Europe’s best-funded rocket startup just raised €270M, and now Isar Aerospace has to actually reach orbit

Europe has the ambition to reach space on its own. What it lacks is rockets that work. Isar Aerospace has just raised €270mn to fix the first problem, and in less than a week it gets another chance to fix the second. The Munich startup, one of Europe’s best-funded space companies, closed a €270mn Series […]

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FCC gives Amazon Leo more time on satellite deployment but strips its spectrum priority

The Federal Communications Commission has freed Amazon from a requirement to deploy the first 1,616 satellites in its Amazon Leo broadband constellation by 30 July, issuing a conditional waiver instead of the two-year extension Amazon requested in January. The compromise keeps the final deadline intact: all 3,232 planned Gen 1 satellites must still be in […]

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SpaceX’s $75 billion IPO is well oversubscribed as order books close ahead of Wednesday pricing

SpaceX’s initial public offering is well oversubscribed, according to Bloomberg, with order books set to close on Monday ahead of a pricing expected on Wednesday and first trading on Nasdaq on Thursday. The $75 billion raise at $135 a share would be the largest IPO in history, eclipsing Saudi Aramco’s $29.4 billion listing in 2019. […]

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Wizz Air becomes Europe’s first budget airline to put Starlink on its planes

Cheap flights and fast Wi-Fi have rarely gone together, and Europe’s budget airlines have had a good excuse: the maths has not added up. Wizz Air is betting that is about to change. The Hungarian ultra-low-cost carrier said on Monday it will offer Starlink, Elon Musk’s satellite internet, across its fleet from 2027, becoming the […]

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A former NASA chief is taking Quantum Space public at $1.2bn to build spacecraft for the next space race

The last time Jim Bridenstine shaped America’s space ambitions, he ran NASA. Now he is betting he can build the hardware for the next phase of the space race, and he wants public investors to fund it. Quantum Space, the Maryland startup Bridenstine now leads, is going public through a merger with a blank-cheque company, […]

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A UK startup just raised $18.5 million to fly satellites where nobody else can

Between commercial aircraft at 10km and conventional satellites at 500km lies a band of near-Earth space that has never been used commercially. Very low Earth orbit, or VLEO, sits at 200 to 300km, an altitude historically reserved for spy satellites and the International Space Station. Reading-based NewOrbit announced on Monday an oversubscribed $18.5 million Series A to […]

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NASA will wear high-tech Prada long johns to the Moon

We’ve seen Axiom Space and Prada’s collaboration on the Axiom Extravehicular Mobility Unit (AxEMU) spacesuit. Now the company has revealed the Liquid Cooling and Ventilation Garment (LCVG) that astronauts will wear underneath it when Artemis IV returns humans to the Moon in 2028. The LCVG is the all-important base layer that will keep the crew […]

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