Space consulting players, Euroconsult and SpaceTec Partners, are merging to create Novaspace, which will serve as a specialist in professional services dedicated to the space industry. Euroconsult has a 40-year legacy in consulting, market intelligence and executive summits; and SpaceTec Partners brings two decades of experience in management consulting, including strategy, innovation advisory and market […]
The European Space Agency (ESA) has secured €900 million in funding for the European Commission’s (EC) IRIS2 proposed mega-constellation (Infrastructure for Resilience, Interconnectivity and Security by Satellite). ESA is the multi-orbit project’s technical manager. ESA delivered a briefing on March 27 and its director of telecommunications and navigation, Javier Benedicto, explained that the final bid […]
Abu Dhabi-based businesses, YahSat and Bayanat, announced their merger last December. The final stage in the plan which is to create a new holding company called Space42 is close. Both companies in the merger have announced special General Assembly meetings to be held simultaneously on April 25th in order to vote on the scheme. The […]
The European Space Agency (ESA) has allocated a budget of €233 million to build a satellite with a target millimetre-level accuracy as the initial ‘demonstrator’ move for its Genesis and LEO-PNT scheme. The budget also covers two 5-satellite mini-constellations for a future orbital Positioning, Navigation and Timing system which are key elements for its Sat-Nav […]
The International Astronautical Congress (IAC) to be held in the city of Milan, Italy later this year (October 14th-18th) but its collection of submitted abstracts has already been published. Azerbaijan, which hosted the 2023 event, is in the Top 5 of countries in the world in terms of scientific articles published. It should be noted […]
Spacecraft launch company Astra, which went public in July 2021, is being taken back into private ownership. The company has admitted that the only alternative was to declare bankruptcy. Chris Kemp, CEO, and Adam London, CTO, the joint founders of the business, announced on March 7th that the company would be taken private with existing […]
The European Space Policy Initiative (ESPI), in a major report, says that an increasing number of startups are unable to progress to subsequent funding rounds despite the overall growth in sector investment. ESPI pointed to potential challenges in the scalability and sustainability of these startups, and asked for both public and private sectors, which entity […]
Boca Raton-based Terran Orbital says it has been awarded a $15.2 million (€13.9m) contract to supply its Ambassador Class satellite platforms complete with solar arrays and support equipment to the US Air Force Research Laboratory AFRL. The contract, managed through Axient Corp, will integrate payloads onto these space vehicle platforms to support specific US Space […]
A rescue satellite is being moved from coverage of Alaska to serve a Middle East operator. The Astranis craft had plans to beam broadband to Alaska but cut short by a solar array issue and is now on is on its way to a geostationary position over Asia for a very different mission. Astranis will […]
2023 was not a stellar year for the space insurance market. The second half of the year saw losses totalling $826 million (€764.9m) according to analysts and the year’s total claimed losses will be around $1.2 – $1.3 billion. More than 85 per cent of those losses, including those from Viasat-3 and Inmarsat 6-F2, stemmed […]