Sir Richard Branson’s Virgin Galactic Holdings is looking to sell $425 million (and up to $500 million if the response is good) of convertible bonds in a private offering. Virgin Galactic will use the cash to fund working capital and general administrative purposes. The company has next-to-zero income (last year it declared just $3.2 million […]
Northern Sky Research (NSR) in its Global Space Economy, 2nd Edition report, is projecting that the Global Space Economy will be worth $1.25 trillion (€1.12tn) by 2030. NSR is projecting strong revenue potential across all key segments, underpinned by record setting investment and both public and private sector demand for space products and services. With […]
Honeybee Robotics is to become a wholly owned subsidiary of Blue Origin. A deal between Honeybee’s parent organisation, Ensign-Bickford Industries, and Jeff Bezos’ Blue Origin, is expected to close in mid-February. Financial terms were not disclosed. Since 1983, Honeybee has delivered more than 1,000 advanced projects to government and industrial customers in the spacecraft, planetary […]
In an homage to the late Star Trek creator, Gene Roddenberry, some of his ashes, along with a similar capsule contain the remains of his wife, actress Majel Barrett Roddenberry, will be launched into space on an upcoming United Launch Alliance (ULA) rocket. The flight, dubbed Celestis/The Enterprise Flight, will be aboard the debut flight […]
A study from analysts at Northern Sky Research (NSR) suggests that by 2031 some 57,500 passengers will be taking a trip into space. The value of this space tourism and orbital travel will capture the majority of an overall cumulative $20.3 billion in related revenues. The numbers come from NSR’s Space Tourism & Travel Markets, […]
Scotland’s South Ayrshire Council in Prestwick, near Glasgow, has started formal submissions to see its existing airport converted and expanded to allow for space-based activity as part of the Prestwick Spaceport development. The formal Proposal of Application Notice (POAN) is the first step in the planning process for Prestwick Spaceport and signals the intent to […]
Bangkok-based mu Space says it can build low Earth orbiting small satellites at just $4 million (€3.55m) each, and thus undercut its rivals which it says cost considerably more. mu Space is already planning to build 200 of its MU-B200 craft which are suitable for delivering 5 Gb/s internet speeds to remote locations. The company […]
The European Commission has selected a second consortium to supply potential ideas for a future Low Earth Orbiting (LEO) system for Europe. Last week it named New Symphonie, which is led by Euroconsult and Unseenlabs, to present its ideas. It received €1.4 million in funding for a 6-month study. The second consortium has now been […]
Surrey Satellite Technology (SSTL) is leading a consortium made up of experienced space-related businesses as part of the European Space Agencies ‘Leopard’ project to clear dangerous space debris. The Leopard study will be led by SSTL and delivered by a consortium of leading UK space companies and academia to benefit from the wide breadth of […]
New Symphonie, a newly established consortium made up of 22 European space companies, has won the European Commission call for tenders to develop New Space solutions for an innovative European broadband constellation. The consortium will leverage the new ideas, prevalent in the commercial space ecosystem, to develop secure and resilient global connectivity in response to […]