The 12th edition of Novaspace’s Space Economy Report states the global space economy is now on a significant growth trajectory, positioned to expand from $626.4 billion (€525.3bn) in 2025 to $1.01 trillion by 2034, a significant 12 per cent CAGR. While growth continues to be supported by innovation, new business models, assertive government policies and expanding demand for […]
The Space Agency of the Republic of Azerbaijan, Azercosmos and the Regulatory Authority for Electronic Communications and Posts of the Republic of Chad (ARCEP) have signed a Memorandum of Understanding (MoU) on cooperation in the fields of digital transformation, innovation hubs, and the export of digital products. The primary objective of the Memorandum is to […]
Russia’s rival to SpaceX’s Falcon 9 rocket, its Amur vehicle with its recoverable first-stage, is reportedly now unlikely to make its debut flights much before 2030. One comment from Eric Berger, an acknowledged industry expert, suggested that the project, initially announced in a 2020 proposal, is now comically late. Berger said: “This indicates that Russia’s […]
The European Space Agency’s (ESA) budget has risen by 7.6 per cent to a total of €8.26 billion. Of that total, some 56 per cent will be allocated to Earth Observation, Navigation & Connectivity and Secure Communications. ESA’s 3-year spending plans amount to €22.3 billion ($26.1bn) and represents an overall 31 per cent increases over […]
Turkey has confirmed that it has initiated construction of a rocket launch site in Somalia, in North-East Africa. The selection of Somalia for the launch site is driven by its proximity to the equator, which provides a technical advantage for satellite launches. Phase 1 of the build is expected to take about 12 months with […]
The UK Space Agency says it has earmarked £210 million (€242.8m) to strengthen cyber resilience across the UK’s Government Cyber Unit to coordinate risk management and incident response across departments. The aim for these new measures is to make online public services more secure and resilient, so people can use them with confidence – whether […]
4iG Space and Defence Technologies has joined Axiom Space development and growth plans as an investor. As part of the transaction, 4iG’s Space and Defence holding company has commited to carry out a two-step investment in Axiom Space totalling $100 million – the first phase, $30 million by December 31st, and the second, $70 million […]
China launched a group of internet satellites into orbit on December 9th reports China Aerospace Science and Technology Corp, the State-owned space contractor. The satellites, the 15th group of low-orbit hardware in China’s State-owned internet network, were lifted by a Long March 6A carrier rocket at 6:11 am (Beijing time) from the Taiyuan Satellite Launch […]
The European Investment Bank (EIB) has created a €500 million fund for Space-based technology. The fund, ‘Space Tech EU’ is intended to bring together the skills of the of EIB, the European Commission and the European Space Agency (ESA) to help de-risk space projects, making them more acceptable for other financing from European banks. The […]
Azerbaijan has reached a new milestone in its space journey with the successful launch of the country’s first-ever satellite designed and built by school students. The PocketQube satellite, created by 7th-9th grade students under the SPACE Academy of Azercosmos, was launched into orbit aboard SpaceX’s Falcon 9 rocket. Symbolically this honoured event was dedicated to […]