Last week rocket builder Astra Space was under threat of missing its banking obligations. Now it has confirmed that it had secured interim financing (“additional debt financing”) from a pair of investors that gives it breathing space for a few days in which it must find more cash to stay afloat. Astra says that JMCM […]
Government members of the European Space Agency (ESA) have agreed to fund an extra €340 million per year to Arianespace for its planned Ariane 6 rocket currently in development. The cash is needed to pay for the non-activity of Arianespace because its new rocket is extremely late. An inaugural test flight for Ariane 6 is […]
Ireland’s new media regulator and media development agency, Coimisiún Na Meánm has approved funding of €2.4 million for the independent commercial radio sector under the Sound & Vision 4 Broadcasting Funding Scheme. Allocations to individual radio stations range from €35,000 to €95,000. The Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, Catherine Martin TD, […]
Terran Orbital held a virtual Town Hall meeting for shareholders on October 26th in an attempt to quell dissent amongst certain shareholders. The event provided some key news, not all of it positive, but its share price recovered a little to 84 cents (€0.80). Last week, the share were trading at about 64 cents. Marc […]
S4C’s International’s inaugural Commercial Content Fund is up and running, and actively looking for projects and partners in Wales and Internationally. The fund was set up to support projects that are ambitious and appealing to international audiences. The aim is to share Wales’ unique culture and storytelling capabilities with the world whilst providing a boost to the creative […]
Italian largest bank, Intesa Sanpaolo, has announced that it intends to invest in Elon Musk’s SpaceX rocket business. The bank is Italy’s largest. Intesa Sanpaolo said in a press release that the move is in line with the bank’s business plan for 2022-2025. In the plan, innovation represents one of the most important aspects of […]
Germany-based Mynaric, which manufactures sophisticated laser technology for use in satellites, is raising cash by selling up to 20 million American Depositary Shares (ADS) equal to 5 million of the company’s ordinary shares. Dated September 29th, the offer says that the ADS value is currently $4.80 according to their listing on Nasdaq. Mynaric’s German ordinary […]
Sky Sports has announced partnerships with ten content creators selected for the New Focus Fund, a new project launched through a selection process in July, designed to uncover fresh talent in sports content creation. The successful finalists are Beno Obano; Damilola Oluokun; Danielle Sellwood; Geoff Small; Michael Gunning; Mordecai Attoh; Nelson Adeosun in a creative […]
The European Commission’s first report on the State of the Digital Decade provides a comprehensive look at progress towards achieving the digital transformation to empower a more digitally sovereign, resilient, and competitive EU. It includes an assessment of the EU’s performance towards Europe’s 2030 objectives and targets focusing on four main pillars: digital skills, digital […]
Analysts at research consultancy BryceTech say that investment in commercial space ventures attracted about $8 billion (€7.5bn) in 2022. Bryce says that this investment was in the form of 154 deals, involving more than 400 investors, in 123 companies based in 20+ countries. For eight of these companies, 2022 saw their first publicly announced funding. […]