Kineis targets break-even in 2026 on 150% device growth
Kineis says it expects to reach break-even in 2026 on projected revenue of 18 million euros, a year after launching commercial service.
news / financial
Pixxel closes $100 million Series C led by Temasek and Seraphim
Pixxel closed its Series C at $100 million co-led by Temasek and Seraphim, India's largest space-tech funding round to date.
Planet Labs posts record revenue and first adjusted profit
Planet's fiscal Q2 revenue hit $116.1 million, up 58% year over year, with its first quarter of adjusted EBITDA profit.
HyImpulse extends Series A round by 50 million euros
The German launch company adds 50 million euros to its Series A, taking total funding past 125 million euros.
Munich's Project-S raises seed funding for orbital debris radar
Project-S emerged from stealth with a multi-million-euro seed round to build a radar-based system for tracking orbital debris.
Oppenheimer raises SpaceX price target to $280 on AI infrastructure bet
Per Oppenheimer analyst Timothy Horan: SpaceX's vertically integrated AI platform justifies a $280 target, up from $250.
PLD Space adds €108 million to Series C, tops out at €288 million
Mitsubishi Electric leads a fresh €108M tranche, bringing PLD Space's Series C round to €288M total.
Kepler Aerospace raises $8 million seed round for swarming ISR satellites
Bengaluru startup Kepler Aerospace lands its first outside funding to build six autonomous swarming surveillance satellites.
Diffraqtion adds $5 million to pre-seed round for quantum cameras
Quantum-imaging startup Diffraqtion added over $5 million to its pre-seed round, led by Lockheed Martin Ventures and Presidio Ventures.
InspeCity raises $10.5 million for satellite servicing missions
The Indian in-space servicing startup raised a pre-Series A round to fund four planned in-orbit demonstration missions.
Astrum Space to go public via $1 billion SPAC deal with Black Spade
Astrum Space is merging with SPAC Black Spade Acquisition III at a roughly $1 billion valuation.
Hughes bondholders push for examiner into $1.5 billion EchoStar transfers
Hughes Satellite Systems bondholders allege EchoStar stripped over $1.5 billion from the subsidiary before its Chapter 11 filing.
CesiumAstro acquires mission-software firm 1Aardvark
CesiumAstro's third defense acquisition of 2026 adds 1Aardvark's mission software for contested, disconnected environments.
HIE acquires Orbex's failed Sutherland Spaceport assets
Highlands and Islands Enterprise bought Sutherland Spaceport's assets out of liquidation, leaving the site's future launch use undecided.
ArcSpace raises 2 million euros for 2027 on-orbit welding demo
French startup ArcSpace closed a 2 million euro seed round to fund a 2027 in-orbit welding demonstration.
SpaceX closes $60 billion all-stock acquisition of Cursor maker Anysphere
SpaceX's Cursor acquisition became effective Aug. 14, converting Cursor into a wholly owned SpaceXAI division.
Muon Space raises $250 million Series C led by Eclipse Capital
Muon Space closed a $250 million Series C to scale satellite production toward 500 spacecraft a year by 2027.
Starcloud raises $250 million Series A extension at $2.3 billion valuation
Starcloud added $250 million to its Series A, more than doubling its valuation to $2.3 billion five months after its March round.
SpaceSail closes $1 billion Series B, a record for China's satellite sector
Qianfan operator SpaceSail closed a 7 billion yuan ($1B) Series B, a record for China's satellite-internet sector.
Letara raises $16 million pre-Series A to build hybrid rocket engines
Japanese propulsion startup Letara closed a ¥2.6 billion ($16 million) pre-Series A round for its hybrid rocket engine technology.
Novaspace forecasts 6,500 EO satellites launching by 2035
Novaspace projects more than 6,500 Earth observation satellites will launch by 2035, generating $155.9 billion in manufacturing revenue.
L3Harris ousts CEO Kubasik after conduct probe, names Mehta successor
L3Harris ousted CEO Christopher Kubasik over a code-of-conduct breach, naming space-sector chief Sam Mehta as successor.
Seraphim invests $30 million more in satellite-Bluetooth firm Hubble
Seraphim Space Investment Trust put a further $30 million into satellite-Bluetooth network operator Hubble Network.
Antrix loses Ninth Circuit bid to block $562.5 million Devas award
A US appeals court kept Devas' $562.5 million award against ISRO's Antrix alive; with interest it now tops $2 billion.
Lynk and Omnispace complete merger as Elveo Mobile; SES expands investment
Lynk and Omnispace closed their merger as Elveo Mobile, and investor SES announced an expanded D2D investment and collaboration.
Telesat reports 25% revenue drop, warns on $1.7B debt maturity
Telesat's first-half 2026 results show falling GEO revenue and a Lightspeed cost jump to $5.2 billion, per the company.
China's iSpace raises $148 million in first tranche of Series E round
China's iSpace closed a $148 million first tranche of a Series E round for its reusable Hyperbola-3 rocket, with fundraising ongoing.
CesiumAstro acquires semiconductor firm Jariet Technologies
CesiumAstro is buying RF chipmaker Jariet Technologies to build its own satellite semiconductors in-house.
Marlink to acquire UK defense comms specialist GRC
Marlink agreed to buy Global RadioData Communications, a UK satellite and RF comms specialist serving the UK Ministry of Defence and NATO.
AST SpaceMobile posts wider Q2 loss after BlueBird 7 write-off
AST SpaceMobile's Q2 net loss widened to $230.9 million, driven partly by a $125.9 million write-off tied to the lost BlueBird 7 satellite.
Eutelsat's OneWeb LEO revenue grows 69.5% in FY2025-26 results
Eutelsat's full-year results show LEO connectivity revenue up 69.5% to EUR297 million, now a quarter of total revenue.
BlackStar Orbital to go public via $380 million SPAC merger
The reusable-spaceplane startup will merge with Pono Capital Four, targeting a Q1 2027 close.
BlackSky posts record $33.3 million Q2 revenue on Gen-3 demand
Space-based intelligence revenue rose 36% as BlackSky's Gen-3 constellation adoption accelerated.
SpaceX and Tesla to spend $16.8 billion on Terafab chip plant in Texas
The joint venture's Grimes County, Texas complex will make AI chips for Tesla robots and SpaceX's planned space-based data centers.
Neuraspace raises $18 million to expand European space domain awareness
Portugal's Neuraspace secured an $18 million Series B and EU funding round for AI-driven space traffic management.
Redwire posts record $117 million quarterly revenue, narrows loss
Redwire's Q2 2026 revenue rose 89.6% to a record $117.1 million as gross margin and backlog also hit highs.
Satellogic revenue jumps 259% as it posts first operating profit
Satellogic's Q2 2026 revenue rose 259% to $15.9 million, delivering its first positive operating income and adjusted EBITDA.
OrienSpace raises pre-C round, preps IPO for reusable Gravity-2 rocket
The Chinese launch startup closed a pre-C funding round and began IPO coaching while pushing Gravity-2 toward a Q4 debut.
ICEYE raises EUR 450 million Series F led by General Atlantic at over EUR 10 billion
ICEYE's primary Series F values the SAR operator above EUR 10B; the full round tops EUR 1B with a secondary placement.
AE Industrial completes $845 million takeover of L3Harris space propulsion unit
AE Industrial closed its $845 million majority buy of L3Harris's space propulsion unit, relaunched as Rocketdyne.
Endeavor Optical Networks raises $10.75 million to build laser MEO network
A new startup wants laser-linked MEO satellites to compete with subsea cables on long-haul data routes.
LiveEO wins German Space Agency grant for multimodal EO vision model
Germany's Space Agency at DLR funded LiveEO to study a foundation AI model spanning optical and radar Earth-observation imagery.
Viasat says ViaSat-3 F2, F3 nearing service entry in Q1 results
Viasat's Q1 FY2027 revenue held flat at $1.2 billion as both remaining ViaSat-3 satellites near service entry.
ArianeGroup keeps MaiaSpace alive despite negative shareholders' equity
MaiaSpace posted a 37.5 million euro loss for 2025 that pushed shareholders' equity negative; ArianeGroup voted not to dissolve it.
ETL Systems acquires ground-segment software firm Amphinicy Technologies
ETL Systems buys Croatian software specialist Amphinicy to broaden its satellite ground-segment portfolio.
Hughes Network Systems files for Chapter 11 bankruptcy
EchoStar's satellite broadband unit files Chapter 11 after missing an August 1 debt deadline, without a pre-negotiated plan.
Hughes Network Systems, EchoStar's satellite broadband subsidiary, filed for Chapter 11 bankruptcy on August 2 in the US Bankruptcy Court for the Southern District of Texas, per Advanced Television. Hughes had $102 million in cash on hand against $1.5 billion in borrowings that matured August 1, and filed without a pre-negotiated restructuring plan. EchoStar's own SEC 8-K, filed the same day, discloses an Item 1.03 bankruptcy event.
K2 Space raises $500 million Series D at $6.8 billion valuation
K2 Space's new funding, led by Kleiner Perkins and ICONIQ, more than doubles its valuation as it scales satellite production.
Outlier Space raises $7.35 million to build reentry capsule
Outlier Space raised $7.35 million pre-seed to build a reusable microgravity return capsule, per Payload.
EchoStar closes $20.25 billion spectrum sale to AT&T
EchoStar closed its $20.25 billion spectrum sale to AT&T, funding debt payoff across its satellite and wireless units.
The Exploration Company in talks to raise $300 million at $2 billion valuation
Per the Financial Times, the German space firm is negotiating a $300 million round that would value it at over $2 billion.
Lockheed Martin guarantees $500 million loan to ULA amid Vulcan grounding
Lockheed cut its Space profit outlook and backed a $500 million ULA loan as Vulcan's grounding drags on.
Mark Matossian co-founds Whipsmart Ventures for space and deep tech
Mark Matossian and two co-founders launched Whipsmart Ventures, a fund for Series A-stage space and deep-tech startups.
ORiS raises 5 million euros for satellite laser power-beaming tech
Per SpaceNews: the Turin startup raised 5 million euros to develop laser-based wireless power beaming for satellites.
Beijing's Xingchen Daohe raises $14.8 million for SSA satellite constellation
The Beijing startup raised nearly 100 million yuan to build its Guanlan space situational-awareness constellation.
deltaVision raises 10.2 million euros to scale refueling components
German fluidics maker deltaVision raised 10.2 million euros to scale valve production for in-orbit refueling.
Northrop Grumman takes $91 million more in charges on Vulcan booster program
Northrop added a $91 million charge on its GEM 63XL solid rocket motor program, bringing 2026 charges to $162 million.
Space Foundation pegs 2025 global space economy at $686 billion
The Space Foundation says the global space economy hit $686 billion in 2025, up 12% year over year.
Contrivian completes merger with Big Network to build connectivity platform
Contrivian folded networking-software maker Big Network into its Starlink-plus-terrestrial connectivity platform.
UK government commits 62 million pounds to satellite tech funding
The UK government opened GBP62 million in space-sector funding, including a third C-LEO satcom technology round.
Beyond Reach Labs raises $10 million seed for deployable solar arrays
The startup's 100-meter deployable solar arrays have drawn $342.6 million in customer letters of intent.
Swissto12 raises $70 million to expand small GEO satellite production
Swissto12 raised a $70 million Series C to scale up HummingSat small-GEO satellite manufacturing.
LegendSpace raises $29.5 million angel round for AI-driven rocket engines
Six-month-old Chinese startup LegendSpace raised 200 million yuan ($29.5M) to build AI-designed liquid rocket engines.
AST SpaceMobile slips BlueBird target to 2027, plans $1B note sale
The SEC filing flags possible vertical integration into launch and an advanced-stage Rakuten joint venture for Japan's J-LEO program.
Zenno Astronautics to redomicile from New Zealand to the United States
Zenno Astronautics will relocate its headquarters to Los Angeles, citing the US space industry's scale and talent pool.
Flexell Space raises $20 million Series A for satellite solar cells
Hanwha-backed Flexell Space closed a $20 million Series A to scale its flexible perovskite and CIGS space solar cells.
Evercore ISI initiates SpaceX at Outperform with $230 price target
Per Evercore ISI's Kutgun Maral: SpaceX's post-IPO slide makes the upside 'too compelling to ignore.'
Voyager Technologies completes $300 million Astrobotic acquisition
Voyager closed its acquisition of lunar lander maker Astrobotic, now renamed Voyager Lunar Systems.
China Commercial Rocket Co raises registered capital to $616 million
The Long March 12B developer's registered capital nearly tripled to about 4.17 billion yuan as investors expanded stakes.
ESA reports record 12% growth in European space budgets
ESA's 2026 report found European space budgets grew 12% to €13.5 billion in 2025, the fastest rise in five years.
Poland to host new ESA center as space contribution grows tenfold
Poland will host ESA's first center in an eastern-flank member state and is raising its ESA funding roughly tenfold for 2026-2028.
Blue Origin raises $10 billion in first outside funding round
Per the New York Times, Blue Origin is raising $10B at a $130B valuation from Coatue and Bezos, its first outside funding.
MDA Space agrees to buy 70% of French EO firm CLS
MDA Space is acquiring a 70% stake in French EO data analytics firm CLS for 567 million euros, per SpaceNews.
York Space Systems closes $300 million buy of All.Space
York Space Systems closed its purchase of satcom terminal maker All.Space at $300 million, down from the $355 million first announced.
Intesa Sanpaolo, EIB and ESA launch EUR 300 million aerospace SME lending facility
Intesa Sanpaolo, the EIB and ESA launched a EUR 300 million financing facility for Italy's aerospace supply-chain SMEs.
Venus Aerospace raises $91 million to scale detonation rocket engine
Venus Aerospace closed a $91 million Series B to move its rotating detonation rocket engine from flight test to production.
Orbit Fab hires new CEO, raises $25M ahead of Series B
Per SpaceNews, Orbit Fab appointed Peter Shaper as CEO and raised over $25 million in interim funding ahead of a Series B round.
SpaceX joins the Nasdaq-100 weeks after its Nasdaq IPO
SpaceX joined the Nasdaq-100 at a market value near $2 trillion, its shares slipping on the debut.
Morgan Stanley and Goldman Sachs split on SpaceX price target
Per Morgan Stanley: SpaceX is worth $300 a share on reusable rockets, Starlink and AI infrastructure; Goldman sees $205.
Eurospace: EO overtakes telecom as Europe's top space revenue segment
Eurospace's 2025 report shows European space industry sales up 23% to EUR10.9 billion, with EO overtaking telecom as the top segment.
Ravee Optics raises $6 million seed for laser comm terminals
Ravee Optics raised a $6 million seed round to build compact meta-optics laser communication terminals for small satellites.
Rocket Lab agrees to acquire Iridium in $8 billion cash-and-stock deal
Rocket Lab agreed to acquire Iridium Communications in a cash-and-stock deal valuing Iridium at about $8 billion enterprise value.
Rocket Lab and Iridium Communications said they signed a definitive agreement for Rocket Lab to acquire all outstanding Iridium common stock, per a joint press release filed as an exhibit to Rocket Lab's 8-K with the SEC on June 29, 2026. Iridium stockholders will receive $27.00 in cash plus Rocket Lab shares under an exchange ratio collared between $67.50 and $112.50, a structure the companies say has a notional value of $54.00 per Iridium share and implies an $8.0 billion enterprise value. Both boards approved the deal unanimously, Rocket Lab has commitments for a $3.6 billion bridge loan from Deutsche Bank and Wells Fargo, and the companies expect to close in mid-2027 subject to Iridium stockholder and regulatory approval. On July 6, 2026, Iridium said it completed its acquisition of the remaining 61% of Aireon, the space-based air-traffic-surveillance venture it did not already own, paying about $367 million to providers in Canada, England, Denmark, Ireland, and Italy, per SpaceNews, consolidating Aireon as a wholly owned subsidiary ahead of the Rocket Lab deal's close.
Chang Guang Satellite completes nearly 5 billion yuan equity round
Jilin-1 operator Chang Guang Satellite raised about 5 billion yuan for satellite production and constellation growth.
China's Hongqing Technology raises $191 million
A satellite-manufacturing affiliate of launch company Landspace raised over 1.3 billion yuan from state-linked banks and investment funds.
Sybilla Technologies raises $10 million to expand SSA network
Poland's Sybilla Technologies raised about $10 million to grow its optical sensor network and enter the US market.
Mitsubishi Electric acquires ground-station provider Infostellar
Mitsubishi Electric took full ownership of Japanese ground-station-as-a-service provider Infostellar; terms undisclosed.
EchoStar's Dish units enter prepackaged Chapter 11 to clear the spectrum sales
Dish DBS and Dish Wireless file prepackaged Chapter 11; EchoStar, Hughes and the AT&T spectrum sale continue.
Firefly Aerospace acquires vision-navigation firm Space-ng for its landers and Elytra
The Blue Ghost descent-navigation supplier joins Firefly; no deal terms were disclosed in the announcement.
ArianeGroup keeps MaiaSpace operating despite negative equity
MaiaSpace's 2025 loss pushed shareholders' equity to -€823,375; ArianeGroup voted against dissolving the launch startup.
SpaceX prices $25 billion inaugural bond offering across five tranches
Senior notes from 5.35% due 2031 to 6.65% due 2056, mainly to repay the pre-IPO bridge loan, per the company's 8-K.
OHB raises 510 million euros for manufacturing
OHB is issuing new shares worth roughly 510 million euros to fund manufacturing capacity and its RFA launch subsidiary.
SpaceSail opens new fundraising round for its Qianfan megaconstellation
Per Securities Times via Reuters: up to three new investors for at most a 20% combined stake to fund constellation buildout.
MDA Space to acquire Blue Canyon Technologies from RTX for $620 million in cash
The all-cash deal buys RTX's smallsat bus maker, 400+ staff and two Denver plants, closing by end of 2026 pending CFIUS.
GATE Space wins EUR 6.3 million from the EU's EIC Accelerator for satellite propulsion
The Vienna TU Wien spinout gets grants and equity to industrialise its chemical Jetpack thrusters, per SpaceNews.
Bezos Earth Fund commits $26 million to Earth Fire Alliance's FireSat constellation
The fund calls it the largest single philanthropic grant to wildfire detection; Muon Space builds the satellites.
Dawn Aerospace closes $25 million Series B at a $195 million valuation
Balerion Space Ventures led the round; Dawn says it is cash-flow positive with 200 thrusters flown on 50+ satellites.
SpaceX goes public on Nasdaq, raising $75 billion in the largest IPO on record
SpaceX sold 555.6M shares at $135 and closed its first day near $161, a $2.1 trillion valuation, per CNBC.
SpaceX priced 555,555,555 Class A shares at $135.00 each in its initial public offering, for proceeds to the company before expenses of $74,499,999,925, and began trading on Nasdaq on June 12 under the ticker SPCX. Per its prospectus, underwriters hold a 30-day option for up to 83,333,333 additional shares, and Elon Musk retains about 82.4% of voting power after the offering through the dual-class structure. Per CNBC, the stock opened at $150, closed near $161, up 19%, valuing the company around $2.1 trillion, with more than 500 million shares traded on the first day; TechCrunch called it the largest IPO in history, eclipsing Saudi Aramco's 2019 debut.
SatSure wins Rs 24.6 crore IN-SPACe grant to build sovereign Earth observation AI models
Per Reuters: a $2.57M Technology Adoption Fund grant to develop AI models for Earth observation, one of three projects selected.
Redwire sets up $500 million at-the-market equity program, replacing May facility
A new ATM agreement with 10 banks allows up to $500M in share sales; the month-old May ATM was terminated the same day.
Quantum Space to go public via SPAC merger at a $1.2 billion post-deal value
The Bridenstine-led spacecraft maker merges with Inflection Point VI, with a $300M PIPE, targeting Nasdaq as QSPC in Q4.
NewOrbit raises $18.5 million Series A to build VLEO satellites, led by Voyager Ventures
The UK startup targets 200-300 km very low Earth orbit with air-breathing ion propulsion; first flight planned for 2028.
Planet Labs sets up $1.5 billion at-the-market equity offering program
Planet Labs can now sell up to $1.5 billion in shares over time through banks acting as sales agents.
Apex raises $200 million in third round in 14 months, valuation hits $2.3 billion
Apex closed a $200 million round led by Glade Brook Capital, nearly doubling its valuation to $2.3 billion.
Voyager Technologies to acquire Astrobotic in up to $300 million deal
Voyager will acquire lunar lander pioneer Astrobotic for up to $300 million in cash and stock, expected to close by early July 2026.
NorthStar Earth & Space to go public via $300 million SPAC merger with Viking
The space situational awareness company merges with Viking Acquisition Corp. I, targeting NYSE as NSTR in Q3 2026.
Amazon agrees to acquire Globalstar in $11.6 billion cash-and-stock deal
Amazon Leo will absorb Globalstar's satellite fleet and direct-to-device spectrum rights in a deal expected to close in 2027.
Amazon agreed April 14, 2026 to acquire Globalstar for up to $90 per share in cash or Amazon stock, a deal worth roughly $11.6 billion, per Amazon's own release. Globalstar shareholders holding about 58% of voting power approved the deal by written consent. Closing is expected in 2027, subject to regulatory approvals and Globalstar meeting satellite-deployment milestones tied to its HIBLEO-4 replacement constellation, with up to $110 million of downward price adjustment if those milestones are missed, per Amazon and IoT Business News. Amazon said it will use Globalstar's direct-to-device spectrum licenses and more than 30 years of low Earth orbit satellite operations expertise to build a next-generation Amazon Leo direct-to-device system. Globalstar CEO Paul Jacobs said the combination "will advance innovations in digital connectivity," and Apple SVP Greg Joswiak noted Apple and Amazon's existing infrastructure relationship, per Amazon's release.
Orbex enters UK administration after acquisition and funding talks collapse
Orbex filed for UK administration in February after Series D funding talks and an acquisition by The Exploration Company both fell through.
Orbex, developer of the UK's Prime small launch vehicle, filed a notice of intention to appoint administrators on February 11, 2026, after failing to close a Series D funding round or complete a previously announced acquisition by French company The Exploration Company, per SpaceNews, Via Satellite, and European Spaceflight. Orbex, a winner of ESA's European Launcher Challenge that had received EUR34.9 million ($41.5 million) from the program, had already shut down its Danish rocket-engine subsidiary and laid off about 90 employees in January; administration puts roughly 150 further UK jobs at risk. CEO Phil Chambers said: "Disappointing doesn't come close to describing how we feel about this moment."
Airbus, Leonardo and Thales agree to merge space units into single venture
Airbus, Leonardo and Thales signed an MOU to combine space units into one company with 25,000 staff and EUR 6.5bn revenue.
Airbus, Leonardo and Thales signed a memorandum of understanding on October 23, 2025 to combine their space businesses into a new, jointly controlled company, per Via Satellite. Airbus will hold 35% of the new venture and Leonardo and Thales 32.5% each; the combination pools Airbus's Space Systems and Space Digital units, Leonardo's Space Division including its stakes in Telespazio and Thales Alenia Space, and Thales's own shares in Thales Alenia Space, Telespazio and Thales SESO (launchers are excluded). The companies project the venture will have about 25,000 employees across Europe, roughly EUR 6.5 billion in pro-forma 2024 revenue, and a backlog covering more than three years of sales, with operations expected to start in 2027 subject to regulatory approvals.