Axelspace Corporation, which designs, manufactures and operates microsatellites, and conducts business to promote a society where space is accessible to people around the world, has announced plans to launch seven next-generation Earth observation microsatellites, GRUS-3, in 2026. This will expand the company’s microsatellite constellation to include more than ten satellites, enabling observation of broader areas […]
Space Norway, a provider of broadcasting services across the Nordics and Central and Eastern Europe (CEE), has announced that Intelsat is an anchor customer for Space Norway on its THOR 8 satellite at 1⁰ West by taking lifetime ownership to a broadcasting payload tailored to CEE. THOR 8 is Space Norway’s new multi-mission satellite scheduled […]
Sir Richard Branson-backed space tourism business Virgin Galactic has trimmed its losses when compared to a year ago. Most activity at the company is suspended while the passenger-carrying spaceship is being redesigned and manufactured. Revenues for the full year were $7 million, the same as 2023, and related to income from would-be passengers wanting to […]
Armand Musey, a well-regarded financial and valuation consultant at Summit Ridge Group, speaking on February 5th at the Smallsat Symposium held at Mountain View, California, was blunt in his view of recent mergers involving European satellite operators. He delivered a pessimistic report, saying: “The big, large space companies are entering into a deep, dark desert […]
Analysts at consultants McKinsey, along with the World Economic Forum reporting from Davos in Switzerland, say that the space economy is projected to be worth $1.8 trillion (€1.72tn) by 2035. “Space is no longer a distant frontier; it’s woven into the fabric of our daily lives, from the morning weather report on your smartphone to […]
Last week, two sets of share movements were reported at satellite operator Eutelsat. The first concerned Spacetime Transformations, which acting on behalf of clients and funds under its management, now held 5.01 per cent of Eutelsat’s shares. The company, controlled by British businessman Christopher Harborne, said it held 23,827,744 Eutelsat shares. The second reported on […]
Novaspace, the space consulting and market intelligence firm, has released the 24th edition of its annual Government Space Programs (GSP) report. The report reveals that global government space investments reached approximately $135 billion (€131.4bn) in 2024, a 10 per cent increase compared to 2023. Defence spending, now the majority of budgets at $73 billion (54 […]
Space42 is the newly-established combination of Abu Dhabi’s Al Yah (YahSat) and Bayanat AI, which operates the Thuraya fleet of satellites. Its latest, Thuraya 4, was launched on January 3rd into its transfer orbit and on its way to a location at 44 degrees East. The company says that Thuraya 4 has a firm backlog […]
Novaspace, the space consulting and market intelligence firm, has released the 11th Edition of its Space Economy Report, forecasting the global space economy to grow from $596 billion (€578.1bn) in 2024 to $944 billion by 2033. This steady growth, driven primarily by advancements in downstream solutions, marking a pivotal decade for the industry. The report […]
Longshot Space Technology is challenging the established ‘rockets-into-space’ status quo with a planned 500-metre-long pneumatic cannon designed to launch payloads into orbit and with no rockets required. CEO Mike Grace is betting on a physics-proven, cost-efficient approach to disrupt the $580 million+ space tech market. He commented: “It’s a million times easier to make a […]