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Archive for the 'BUSINESS' Category

HawkEye 360 and Airbus form strategic partnership

January 20th, 2020 by

HawkEye 360 Inc., the first commercial company to use formation flying satellites to create a new class of radio frequency (RF) data and analytics, announced that it has formed a strategic partnership with Airbus.

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SpinLaunch receives additional investment

January 16th, 2020 by

SpinLaunch, Inc. has received an additional investment of US$35 million for continued development of the world’s first kinetic launch system, designed to provide the lowest-cost, environmentally responsible orbital launch system.

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Rocket Lab to open new facility in Long Beach

January 14th, 2020 by

Rocket Lab has announced it will open a new facility which will serve as its Corporate Headquarters, provide incremental production capacity, and bring Mission Control Center capabilities to Long Beach, California.

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Maxar Technologies to sell MDA to Northern Private Capital

January 1st, 2020 by

Maxar Technologies announced it has entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital (NPC), for C$1 billion (US$765 million), subject to customary adjustments. The company said it expects to use proceeds to reduce leverage and improve its capital structure to prioritise investments for growth in its core areas of Earth Intelligence and Space Infrastructure.

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Vector launch files for bankruptcy protection

December 16th, 2019 by

Vector Launch Inc. has filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Delaware, with a deal to sell its GalacticSky satellite software business to Lockheed Martin for US$4.25 million.

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Lloyd’s launches new space risk product

December 5th, 2019 by

Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry.

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