Satellite News

Skylo announced that the company has emerged from stealth mode with US$116 million in total funding. The company previously raised US$13 million in a Series A round that was co-led by DCM and Innovation Endeavors, and joined by Moore Strategic Ventures. The new Series B round raised US$103 million, led by SoftBank Group and joined by all existing investors.

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.

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.

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.

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.

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.

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

A private equity consortium’s US$3.4 billion takeover of British satellite company Inmarsat was approved at a court hearing on Tuesday after hedge fund investors dropped a plan to challenge the value of the deal.